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2023-09-19

Senior Options Trader

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Tower Research Group
Senior Options Trader
Chicago, US
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Job Description

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 annual base salary range $120,000-180,000, plus eligible for discretionary bonus

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

Tower Research Capital is an equal opportunity employer

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