Head of Risk

| Chicago

Optiver is looking for a Head of Risk to lead and oversee our Chicago Risk group. The Head of Risk will play an integral role to the success of Optiver by continually developing our risk systems, methodologies and limits, ensuring a high level of protection against loss.

The ideal candidate will bring a clear, long-term vision to how we can continuously enhance and develop our risk strategies and will apply strong leadership capabilities to oversee & develop our risk team.

What you’ll do:

  • Set local standards for risk limits and develop risk frameworks
  • Independently advise on appropriate risk measurement methodologies and effectively convey risk to key stakeholders within the organization
  • Create, maintain, and enhance risk monitoring systems
  • Partner with the Technology Team to continuously improve visualization tools for risk monitoring
  • Work closely with the Trading Team to identify key risk metrics
  • Stay current on market developments and relevant news; perform impact assessments for Optiver’s trading positions
  • Develop and manage credit risk framework and monitoring solutions
  • Assist in maintaining automated risk control framework for algorithmic trading strategies
  • Identify and assess risks in upcoming business initiatives
  • Assess regulatory changes and their impact on risk limits and required capitalization
  • Collaborate and liaise with other risk leaders in the organization

What you’ll need:

  • Bachelor’s degree or equivalent
  • 8-10 years’ trading industry experience
  • Meticulous attention to detail
  • Strong understanding of options pricing theory and trading strategies
  • Experience with Single Stock Options is a plus
  • Solid quantitative/technical background and excellent numerical skills
  • Experience leading a team; able to provide risk team with guidance and support towards the progress of their goals
  • Strong communication, time management, and interpersonal skills
  • Ability to make informed, analytical decisions in a fast-paced trading environment

Who we are:

Optiver’s story began over 30 years ago, when we started business as a single trader on the floor of Amsterdam’s options exchange. Today, we are at the forefront of trading and technology as a leading global electronic market maker, focused on pricing, execution and risk management. With over 1,000 employees globally and 200 in our Chicago office, our mission to improve the market unites us.

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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 Stand Up
Open Office Floor Plan
Health Insurance & Wellness Benefits
Dental Benefits
Vision Benefits
Health Insurance Benefits
Retirement & Stock Options Benefits
401(K) Matching
Performance Bonus
Match Charitable Contributions
Vacation & Time Off Benefits
Generous PTO
Paid Volunteer Time
Paid Holidays
Perks & Discounts
Beer on Tap
Casual Dress
Commuter Benefits
Company Outings
Free Daily Meals
Game Room
Stocked Kitchen
Happy Hours

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

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