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Tower Research Capital, a high-frequency proprietary trading firm founded in 1998, seeks an experienced Options Quantitative Researcher.
Responsibilities:
- Developing options pricing and risk models
- Improving real-time volatility valuation and fitting
- Researching short to mid frequency volatility alphas
- Collaborating with other traders and quantitative researchers to optimize existing strategies
- Mentoring junior traders and/or quantitative researchers
Qualifications:
- 3+ years of experience in a quantitative research role with a focus on options pricing, volatility surfaces, and risk management
- Experience in researching predictive volatility alphas over various time horizons
- Understanding of the practical considerations required in implementing and executing trading signals
- Expertise in detailed implementations of numerical pricing for American options
- Ability to work with large multi-faceted datasets
- Passion and drive to take a leading role in a growing options business
- Relevant programming experience, preferably in Python and/or C++
- Excellent attention to detail
Anticipated New York and Chicago annual base salary range $120,000- $200,000, plus eligible for bonus(es).
Benefits
Tower is headquartered in New York City, and has offices around the globe. While we work hard, Tower’s cubicle-free workplace, jeans-clad workforce, and well-stocked kitchens reflect the premium the firm places on quality of life. Benefits include:
- 5 weeks of paid vacation plus paid holidays
- Free breakfast, lunch, and snacks on a daily basis
- Reimbursement for health and wellness expenses
- Free events and workshops
- Donation matching program
- 401(k) with company matching
- Robust medical benefits plans
- Possibilities for hybrid work
Tower Research Capital is an equal opportunity employer.
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