Delta One Trader

PEAK6•Chicago, IL

6d•Hybrid

About The Position

PEAK6 Capital Management is hiring a Delta One Trader for a new Middle Office group. The role oversees the Delta One portfolio, including the firm's balance sheet, portfolio costs, and returns. Initially, the trader will manage the Delta One book and its related tooling and infrastructure. The role is expected to expand into capital and asset management across multiple PEAK6 entities, addressing how capital is allocated and moved, and how positions are margined and financed. This is a hands-on trading-rooted role for someone interested in problems spanning risk, capital, and operations. The position is hybrid, with the ability to work remotely up to two days a week.

Requirements

2–5 years of experience in trading, middle office, or treasury at a proprietary trading firm, market maker, bank, or hedge fund.
Working knowledge of portfolio margining, prime brokerage financing, and capital requirements such as risk-based haircuts or RWA frameworks.
Comfort with Python and SQL, and ability to build and maintain personal tooling.
Strong collaboration skills and comfort working across teams.
Strong sense of ownership and high attention to detail.
Self-directed mindset and comfort with a broad, evolving mandate.
Must obtain a Series 57 license if not already held.

Nice To Haves

Prior experience with securities lending, repo, treasury management, or portfolio financing.
Understanding of options theory and other derivatives.

Responsibilities

Learn and take over day-to-day management of the Delta One book, including trading reversals, conversions, boxes, and other RWA offsets.
Manage nightly balance sheet and RWA to maintain target resource utilization profiles while minimizing portfolio funding costs.
Own and improve Delta One tooling and infrastructure, including the pricing suite, position management, and PnL attribution and reporting.
Enhance the firm's portfolio financing toolkit and help evaluate financing and capital-treatment trade-offs across products and entities.
Help manage relationships with banking partners.
Partner with Risk, Finance, and Operations on capital movement, margin efficiency, and cash management across investment entities.
Help grow the Middle Office function and maximize its value to the organization.