Junior Trader (m|f|x) London

Founded more than 15 years ago and headquartered in Chicago, the DV Group of financial services firms has grown to more than 450 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.

Tasks

• Work alongside senior interest rate derivative traders with a specific focus on STIR options
• Learn about proprietary methodologies as well as grey-box market making strategies
• Build and maintain trading models
• Set a Vol surface that is fundamentally sound, appropriately rigid where trades represent capturable noise around the surface
• Use instantaneous flow/trade/market information to make decisions on reducing or adding specific portfolio risks as holdtimes change
• Regularly conduct scenario analysis for idiosyncratic risks and ahead of events
• Build in-depth product knowledge across rates with particular focus on CB policy as well as current ECB liquidity implications for money market rates
• Gain experience managing expiration risk, pin risk and handling zero-vol delta decay
• Liaise with brokers and maintain existing relationships

Profile / Your qualification / Your personality

• Strong work ethic and ability to learn quickly in a fast paced, high-pressure environment
• Detail oriented, organized and diligent
• Strong interest in trading and interest rate derivatives in particular
• Strong understanding of math, probability and statistics
• Proficient with Excel and VBA, Python and statistical modeling
• Advanced aptitude for problem solving and multitasking

Contact

Andrew Kos

Trader

Location

21 Worship Street, GB-EC2A 2DX London