Experienced Equity Options Discretionary Trader
Gelber GroupAbout the Role
As an Experienced Equity Options Discretionary Trader on one of Gelber Group's largest desks, you will have a real opportunity to have a huge impact on the firm, working side by side with other successful and talented individuals to capitalize on market opportunities.
- Manage your own trading book with a focus on the US and Global Equities market
- Manage your own risk of a portfolio of active strategies and drive trading decisions
- Collaborate across your trading desk to execute teams' goals while ensuring core risk standards are met
- Analyze market trends, order flow, and technical patterns to identify trading opportunities
- Develop, test, and refine trading strategies using historical data and real-time market conditions
- Continuously monitor market conditions, news, and macroeconomic events impacting equities
- Conduct research to develop new strategies and improve the performance of existing strategies
- Monitor material changes in levels of risk and variance in PnL and proactively communicate those changes to leadership
- Grow your own business through mentorships
Requirements
- Entrepreneurial mindset with competitive nature
- Excellent communication and interpersonal skills with the ability to work autonomously and as a team player
- Proven self-starter with exceptional product knowledge, trading methodology, and market insight
- Ability to manage and communicate risk in accordance with the policies and limits set forth by the Firm
- Proficiency with trading platforms, execution algorithms, and market data analysis tools
- Openness to feedback and willingness to adapt your trading style with changes in market conditions
- Strong work ethic, and understanding that the more you put into your craft, the more you'll get out of it
- Mentality of continuous improvement
- 3 years or more of verified risk-adjusted profitability
- Someone who flourishes in a fast-paced environment, has a strong work ethic, a competitive attitude, and a proven record of profitability in a trading position for at least 3 years
What You'll Get
- $72k–$120k base salary
- Traditional and Roth 401(k) retirement program
- Comprehensive health benefits including medical coverage provided by Blue Cross and Blue Shield (PPO and HDHP/HSA) and dental coverage
- Tuition reimbursement for Graduate courses (taken after employment begins)
- Flexible Spending Accounts for health care and dependent care; pre-tax commuter benefits for parking and transit expenses
- Life insurance and long-term disability coverage
- Brand new office in the heart of Chicago's River North neighborhood, attached to the Merchandise Mart and "EL" stop and a short walk from both Ogilvie and Union Train Stations
- Health club membership with on-site facilities (and reciprocal memberships)
- Generous vacation time, paid holidays, and paid parental leave
- Catered lunch provided Tuesday, Wednesday, & Thursdays and stocked pantry daily and monthly continental breakfasts
- Social events including sponsored 5k races and annual company party
- Enjoyable collaborative and open work environment including a golf simulator and pool table
- Employee referral bonus program
- Charitable giving and company matching opportunities
- Casual, relaxed dress code