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Senior Index Options Trader

Tower Research Capital
🇺🇸New YorkSeniorFull-time$120k–$180kPosted September 19, 2023

About the Role

Tower Research Capital seeks an experienced Senior Index Options Trader to manage a portfolio of listed options products and play a key role in a growing options business. Responsibilities include collaborating with traders and quantitative researchers to optimize existing strategies, working with developers to improve systems and execution, identifying and monetizing new trading opportunities, and mentoring junior traders and quantitative researchers. The ideal candidate will combine deep expertise in index options market-making with strong technical skills and a passion for driving performance in a fast-paced, high-pressure environment.

Responsibilities

  • Managing a portfolio of listed options products
  • Collaborating with other traders and quantitative researchers to optimize existing strategies
  • Working with developers to improve systems, latency, and execution
  • Identifying and monetizing new trading opportunities
  • Mentoring junior traders and/or quantitative researchers

Requirements

  • 3+ years of experience on a high volume share index options market-making desk
  • Expertise in capturing opportunities from both short-term and long-term dislocations in volatility pricing
  • Deep understanding of the risks involved in managing a large index options portfolio
  • Experience in operating, optimizing, and iteratively improving distributed automated trading systems
  • Knowledge of various exchange protocols to achieve best execution
  • Ability to work in a fast-paced, high-pressure environment
  • 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

What You'll Get

  • $120k–$180k base salary
  • Generous paid time off policies
  • Savings plans and other financial wellness tools available in each region
  • Hybrid working opportunities
  • Free breakfast, lunch, and snacks daily
  • In-office wellness experiences and reimbursement for select wellness expenses (e.g., gym, personal training and more)
  • Company-sponsored sports teams and fitness events (JPM Corporate Challenge, Cycle for Survival, Wall Street Rides FAR and more)
  • Volunteer opportunities and charitable giving
  • Social events, happy hours, treats, and celebrations throughout the year
  • Workshops and continuous learning opportunities