Derivatives Trader - Electronic Market Making

Job Description

Job Description

Job Description

• Own, maintain, and grow revenue streams for one or more derivatives products on the trading desk.
• Take full responsibility for risk and PnL, making critical, time-sensitive trading decisions in real time.
• Operate and refine electronic market-making software, ensuring strategies perform robustly across market regimes.
• Collaborate closely with team leads, other traders, quants, and risk managers to improve trading systems and operations.
• Identify and implement systemic improvements to trading strategies, tools, and workflows to maintain competitiveness.
• Monitor positions, market conditions, and risk exposures throughout the trading day and adjust as needed.
• Provide feedback on model behavior, execution quality, and system performance to research and technology teams.
• Contribute to idea generation around new products, strategies, and markets aligned with the firm's risk framework.

Qualifications

• 2+ years of derivatives trading experience with direct ownership of PnL and risk.
• 2+ years of experience operating electronic market-making software in exchange-traded derivatives.
• Strong ability to assess and manage risk in a derivatives portfolio across products and market conditions.
• Deep interest in financial markets and a genuine passion for trading.
• Strong math and numerical aptitude, comfortable with quantitative concepts.
• Relentless desire to improve and refine strategies, processes, and personal performance.
• Entrepreneurial mindset with a tenacious, proactive approach to problem solving.
• Keen attention to detail and a willingness to dig into complex issues.
• Quantitative analysis skills are a plus; advanced degrees are preferred but not required.
• Ability to work on-site full time in the Chicago office.