Experienced Equity Discretionary Trader
About The Position
We are Gelber Group, a proprietary trading firm with over 40 years of innovation and success. We are seeking an Experienced Equity Discretionary Trader to join one of our largest desks. This role offers a significant opportunity to impact the firm by managing your own trading book, capitalizing on market opportunities, and collaborating with talented individuals in a fast-paced environment. We are looking for someone with a strong work ethic, a competitive attitude, and a proven record of profitability in a trading position for at least 3 years. This position requires a strong emphasis on in-person presence in our Chicago office.
Requirements
- 3 years or more of verified risk-adjusted profitability
- 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
- Entrepreneurial mindset with competitive nature
- Excellent communication and interpersonal skills with the ability to work autonomously and as a team player
Nice To Haves
- Mentality of continuous improvement
Responsibilities
- 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 your 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 your existing strategies
- Monitor material changes in levels of risk and variance in PnL, especially focused around deviation from your plans, and proactively communicate those changes to leadership
- Grow your own business through mentorships
Benefits
- Health benefits
- 401(k) plan
- PTO
- Parental leave
- Professional development
- Tuition reimbursement
- Discretionary bonus
- Traditional and Roth 401(k) retirement program
- Comprehensive health benefits including medical coverage provided by Blue Cross and Blue Shield (PPO and HDHP/HSA)
- 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
- Long-term disability coverage
- Health club membership with on-site facilities (and reciprocal memberships)
- Generous vacation time
- Paid holidays
- Paid parental leave
- Catered lunch provided Tuesday, Wednesday, & Thursdays
- Stocked pantry daily
- Monthly continental breakfasts
- Social events including sponsored 5k races and annual company party
- Employee referral bonus program
- Charitable giving and company matching opportunities
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
