Logo of Huzzle

Quant Research - Options

  • Job
    Full-time
    Mid Level
  • Data
    Banking & Finance
  • New York

AI generated summary

  • You need 3+ years in quantitative research with options, an advanced degree in a quantitative field, strong math model and programming skills (Python, C++), and front-office experience.
  • You will enhance volatility fitting, develop pricing models for commodities, improve VaR methodology, and collaborate with teams to refine risk management and trading platforms.

Requirements

  • 3+ years of experience in a quantitative research role with a focus on options pricing, volatility surfaces, VaR and risk management
  • You have advanced graduate degree (MS or PhD) or equivalent, in a quantitative field (Mathematics, Physics, Statistics, Engineering, Quantitative Finance, Computer Science)
  • You demonstrate experience with advanced math models and their efficient implementation
  • You have experience in a front-office trading environment
  • You have experience in derivatives pricing models and hedging technique
  • You demonstrate strong programming skills (Python, C++) with several years of programming experience
  • You are business driven with excellent communication
  • You demonstrate strong attention to detail and able to take the lead on projects

Responsibilities

  • Improve real-time volatility fitting and options pricing models
  • Develop advanced pricing models and risk management strategies for commodities
  • Implement these models in our quant library and trading/risk platforms
  • Improve VaR methodology for options and commodity products
  • Develop and enhance the risk management platform used by traders to hedge trades and aggregate positions
  • Work closely with the trading, risk and technology teams to solve problems and identify opportunities

FAQs

What is the minimum experience required for this position?

A minimum of 3+ years of experience in a quantitative research role focusing on options pricing, volatility surfaces, VaR, and risk management is required.

What educational qualifications are necessary for applying?

An advanced graduate degree (MS or PhD) or equivalent in a quantitative field such as Mathematics, Physics, Statistics, Engineering, Quantitative Finance, or Computer Science is necessary.

What programming languages should candidates be proficient in?

Candidates should have strong programming skills in Python and C++, with several years of programming experience.

What is the salary range for this position?

The salary range for this position is $160,000-$200,000 (USD), plus a discretionary bonus.

Is experience in a front-office trading environment required?

Yes, experience in a front-office trading environment is required for this position.

Will I have the opportunity to work closely with other teams?

Yes, you will work closely with the trading, risk, and technology teams to solve problems and identify opportunities.

What kind of models will I be developing in this role?

You will be developing advanced pricing models and risk management strategies for commodities, as well as improving real-time volatility fitting and options pricing models.

Is there an emphasis on attention to detail in this role?

Yes, strong attention to detail is crucial, and candidates should be able to take the lead on projects.

Does DV Trading have a policy on equal opportunity employment?

Yes, DV Trading is proud to be an equal opportunity employer and is committed to creating an inclusive environment for all employees.

Are unsolicited resumes from search firms accepted for this position?

No, DV is not accepting unsolicited resumes from search firms unless there is a valid written agreement with DV.

Adapt, innovate and evolve

Finance
Industry
201-500
Employees

Mission & Purpose

Founded more than 15 years ago and headquartered in Chicago, the DV Group of financial services firms has grown to more than 350+ people operating throughout North America and in Europe. Since spinning out of a large brokerage firm in 2016, DV Trading has rapidly scaled as an independent proprietary trading firm utilizing its own capital, trading strategies, and risk management methodologies to provide liquidity to worldwide financial markets and hedging opportunities to commodity producers and users. Now, DV group affiliates include two broker dealers, a cryptocurrency market making firm, and a bourgeoning investment adviser. We invest in exceptional individuals and empower them to realize their goals and make a lasting positive impact on our organization. Engaging a diverse group of talented people from different cultural, socioeconomic, and educational backgrounds helps provide us with a competitive advantage that drives our success.