DI Trading Desk Manager

Gelber Group•Chicago, MA

2d•Hybrid

About The Position

We are Gelber Group -- Passion for Trading. Powered by Technology. Headquartered in Chicago with offices across the United States and Europe, for more than 40 years we have set the bar as one of the industry’s most innovative and enduring proprietary trading firms. Our success stems from a relentless pursuit of new trading ideas and careful attention to technology. We believe in a culture of entrepreneurship, innovation, and collaboration and we empower every member of our team to have a meaningful impact from the very start of their career with Gelber. We invest in our future through our technology and talent, strategically committing resources to move our firm forward and help our people succeed. We trade many different asset classes and are always looking to seize new opportunities. Our flat organizational structure and meritocratic values attract individuals with edge and that contributes to our consistent success. As a Brazilian Rates Trading Desk Manager, you will have a real opportunity to impact the firm. In a new market for Gelber, you will have the ability to build out a new strategy for the firm and grow your own desk over time. You may closely collaborate with our US Fixed Income Desk as well. This role is for 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. The role can be worked hybrid/in-person in Chicago, New York or Boston. Remote work may be considered for top candidates.

Requirements

Proven track record of 3-5 years of profitable trading in Brazilian fixed-income markets
Directional and curve-based strategies
Understanding of Brazil’s debt auction process and how it impacts the DI Products
Past experience building, managing, and scaling a discretionary trading desk
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

Responsibilities

Bring expertise in trading DI futures and related rates products to a highly profitable trading firm
Own and manage a Brazilian rates trading book , focused on DI futures, either via curve trades or cross-market relative value strategies
Be a player/coach, that can both be a senior risk taker and people leader
Generate consistent, risk-adjusted P&L across varying macro and volatility regimes
Manage your own portfolio of active strategies and drive trading decisions
Oversee desk-level P&L, and have a meaningful influence over strategy, risk allocation, and talent development for the desk
Establish and enforce disciplined risk management, drawdown controls, and trading standards for your desk.
Collaborate across your trading desk to execute teams’ goals while ensuring core risk and compliance standards are met
Grow your own business – recruit, develop, and mentor discretionary traders focused on Brazil DI Rates and B3 Futures

Benefits

Gelber offers a wide range of benefits to full-time employees in order to meet you and your covered dependents needs.
Our comprehensive benefits offering includes:
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
Health club membership with on-site facilities (and reciprocal memberships)
Generous vacation time, paid holidays, and paid parental leave
Social events including sponsored 5k races and annual company party in Chicago
Enjoyable collaborative and open work environment
Employee referral bonus program
Charitable giving and company matching opportunities
Casual, relaxed dress code
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
Enjoyable collaborative and open work environment including a golf simulator and pool table
Catered lunch provided Tuesday, Wednesday, & Thursdays and stocked pantry daily and monthly continental breakfasts