272 - Trader at Optiver

| Chicago
Sorry, this job was removed at 11:33 a.m. (CST) on Monday, July 26, 2021
Find out who's hiring in Chicago.
See all Finance jobs in Chicago
Apply now
By clicking continue you agree to Built In’s Privacy Policy and Terms of Use.

www.optiver.com,

 

Optiver Services US LLC seeks a Trader at its facility located at 130 E Randolph Street, Suite 1400, Chicago, Illinois 60601. Provide prices and liquidity to global electronic trading platforms. Manage risk of diversified portfolio of financial instruments. Improve current electronic trading algorithms, optimize and automate trading processes within a framework of sound risk management. Develop algorithms and use the software to adjust prices, monitor positions and make trades. Responsible for improving profitability of existing strategies and developing new strategies. Will run multiple strategies. Responsible for conducting research for the purpose of modeling and forecasting Equity prices and volatilities. Use large historical data sets to build frameworks and models to test theoretical discussions. Determine efficient methods to store and analyze high volume data and develop tools to evaluate a large volume of market data to help improve trading strategies performance. Run the trading desk strategy by directing the adjustment of parameters of trading algorithms and making trading decisions within the framework of the desks' trading strategy. Recommend investments and investment timing. Analyze pricing or risks of trading decisions. Guide team members to optimize the parameterization of trading strategies. Build and enhance market prediction models for portfolios utilizing quantitative problem solving and advanced statistical techniques. Apply mathematical theory and techniques to create and improve upon trading models that will be used for analysis and trading. Leverage models and data to take profitable trading positions in financial instruments. Manage an unbalanced inventory of derivatives positions and will rebalance and unwind at opportune times. Collaborate with Developers and Data Scientists to drive model development and implementation.

REQS: This position requires a Master’s degree in Financial Engineering, Finance, Statistics, or related field and 2 years of work experience in market making and quantitative modelling within the financial trading industry. Also must have work experience with:

(1). Financial markets/products including equities, futures, options and interest rates products;

(2). Financial products pricing models, including futures pricing model, black-scholes options pricing model, volatility models, and interest rate models;

(3). Mathematical/statistical models, including time series analysis, regression analysis, stochastic calculus analysis, machine learning;

(4). Portfolio risk management models;

(5). Programming skills in python, database query and linux;

(6). Bloomberg to download data, research and processes to make trading decisions;

(7). Python for statistical analysis;

(8). Developing trading strategies with demonstrated and proven PNL track record OR PNL track record of improvement with demonstrated PNL increase;

(9). Automating trading tasks and implementing trading strategies; and

(10). Performing Stochastic (Calculus) analysis for variance volatility.

Apply below.

Read Full Job Description
Apply now
By clicking continue you agree to Built In’s Privacy Policy and Terms of Use.

Technology we use

  • Engineering
    • C#Languages
    • C++Languages
    • JavaLanguages
    • PythonLanguages

Location

130 E. Randolph Street, Chicago, IL 60601

An Insider's view of Optiver

What projects are you most excited about?

I’ve really come to appreciate what “proprietary” in “prop trading” means for our development culture. It enables a quick feedback and iteration loop where improvements are sometimes identified, designed, & implemented in a matter of hours. It also promotes a close-knit team culture where ideas come from all levels.

Owen

Software Engineer

How do you collaborate with other teams in the company?

One of my favorite aspects of Optiver is the openness of our company culture. We’re always encouraged to learn from each other and share ideas across teams, and this spirit of collaboration really permeates every interaction you’ll have.

Xiaoyu

Quantitative Trader

What are Optiver Perks + Benefits

Culture
Eat lunch together
Daily sync
Open door policy
Group brainstorming sessions
Open office floor plan
Diversity
Hiring Practices that Promote Diversity
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Onsite Gym
Retirement & Stock Options Benefits
401(K)
401(K) Matching
Performance Bonus
Match charitable contributions
Child Care & Parental Leave Benefits
Generous Parental Leave
Family Medical Leave
Company sponsored family events
Optiver hosts a family-oriented summer event.
Vacation & Time Off Benefits
Generous PTO
Paid Volunteer Time
Paid Holidays
Paid Sick Days
Perks & Discounts
Beer on Tap
Casual Dress
Commuter Benefits
Company Outings
Free Daily Meals
Game Room
Stocked Kitchen
Happy Hours
Professional Development Benefits
Tuition Reimbursement
Promote from within

Additional Perks + Benefits

Fully paid health insurance premiums for employees • Generous 401(k) Plan • 25 days of paid vacation • Free catered breakfast and lunch daily • Weekly in-house chair massages • Complimentary in-house barista

More Jobs at Optiver30 open jobs
All Jobs
Finance
Data + Analytics
Dev + Engineer
HR + Recruiting
Internships
Marketing
Operations
Sales
Developer
new
Chicago
Developer
new
Chicago
Developer
new
Chicago
Developer
new
Chicago
Developer
new
Chicago
Developer
new
Chicago
Marketing
new
Chicago
Operations
new
Chicago
Operations
new
Chicago
HR + Recruiting
new
Chicago
Marketing
new
Chicago
Finance
new
Chicago
Developer
new
Chicago
Developer
new
Chicago
Finance
new
Chicago
Apply now
By clicking continue you agree to Built In’s Privacy Policy and Terms of Use.
Save jobView Optiver's full profileSee more Optiver jobs