Quantitative Trader - Delta One (FICC)
DRWAbout the Role
DRW is seeking a Senior Quantitative Trader (Delta One) to join the FICCO options trading business. This individual will operate as an embedded quantitative research and trading lead within an established discretionary and systematic options platform, with a mandate to design, deploy, and scale futures-driven systematic strategies that complement and enhance the broader FICCO options franchise.
The role focuses on delta-one strategy development, systematic futures execution, portfolio hedging, and quantitative signal generation across global futures markets. You will partner closely with options traders to integrate futures-based signals, directional overlays, and risk-efficient hedging frameworks into the broader derivatives platform. Key responsibilities include designing and deploying systematic delta-one futures trading strategies, building signal generation frameworks, implementing futures-based hedging methodologies, and developing quantitative analysis and backtesting of trading models.
Requirements
- 7+ years of experience in systematic trading, preferably in futures and listed derivatives
- Proven track record of direct PnL ownership in a quant-driven trading environment
- Strong understanding of derivatives pricing, volatility dynamics, and risk modeling
- Deep experience in signal research, statistical modeling, and alpha generation
- Fluency in Python and experience working with large-scale datasets
- Strong knowledge of market microstructure and execution optimization
- Ability to independently drive research while collaborating effectively within a trading team
- Experience trading across global futures markets (equities, rates, commodities, FX)
- Experience integrating options strategies within systematic futures frameworks
- Familiarity with portfolio construction, capital allocation, and risk budgeting models
- Experience working within or alongside an options trading desk
- Advanced degree in Mathematics, Statistics, Physics, Engineering, Computer Science, or related field
What You'll Get
- $150k–$250k base salary
- Group medical, pharmacy, dental and vision insurance
- 401k (with discretionary employer match)
- Short and long-term disability
- Life and AD&D insurance
- Health savings accounts
- Flexible spending accounts