What are the responsibilities and job description for the Quantitative Developer - Options position at DV Trading LLC?
About Us:
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.
DV Energy is a rapidly growing division that specializes in trading crude oil, refined products, natural gas, and related energy markets across US, Europe, and Asia. Our proprietary risk management and trading methodologies along with a strong ability to adapt to changing conditions has allowed DV Energy to grow into one of the largest financial participants within the global energy complex.
Responsibilities:
DV is not accepting unsolicited resumes from search firms. Only search firms with valid, written agreements with DV should submit resumes in response to DV's posted positions. All resumes submitted by search firms to DV via e-mail, the Internet, personal delivery, facsimile, or any other method without a valid written agreement shall be deemed the sole property of DV, and no fee will be paid in the event the candidate is hired by DV. DV is proud to be an equal opportunity employer and committed to creating an inclusive environment for all employees.
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.
DV Energy is a rapidly growing division that specializes in trading crude oil, refined products, natural gas, and related energy markets across US, Europe, and Asia. Our proprietary risk management and trading methodologies along with a strong ability to adapt to changing conditions has allowed DV Energy to grow into one of the largest financial participants within the global energy complex.
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
- 3 years of experience in a QR or Quant Dev 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 techniques
- 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
DV is not accepting unsolicited resumes from search firms. Only search firms with valid, written agreements with DV should submit resumes in response to DV's posted positions. All resumes submitted by search firms to DV via e-mail, the Internet, personal delivery, facsimile, or any other method without a valid written agreement shall be deemed the sole property of DV, and no fee will be paid in the event the candidate is hired by DV. DV is proud to be an equal opportunity employer and committed to creating an inclusive environment for all employees.
Salary : $160,000 - $200,000
