Experienced Equity Discretionary Trader

Gelber Group•Chicago, IL

15h•$72,000 - $120,000•Onsite

About The Position

We are Gelber Group, a proprietary trading firm with over 40 years of innovation and success, driven by a passion for trading and powered by technology. Headquartered in Chicago, we have offices across the United States and Europe. Our culture emphasizes entrepreneurship, innovation, and collaboration, empowering our team members to make a significant impact. We trade a wide variety of instruments and are always seeking new opportunities. Our flat organizational structure and meritocracy attract talented individuals who contribute to our consistent success. As an Experienced Equity Discretionary Trader on one of our largest desks, you will have a significant impact on the firm, working alongside successful and talented individuals to capitalize on market opportunities. This role is ideal for someone who thrives in a fast-paced environment, possesses a strong work ethic, a competitive attitude, and has 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, located in River North.

Requirements

Entrepreneurial mindset with competitive nature
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
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, and understanding that the more you put into your craft, the more you’ll get out of it
Mentality of continuous improvement
3 years or more of verified risk-adjusted profitability

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) 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
Catered lunch provided Tuesday, Wednesday, & Thursdays and stocked pantry daily and monthly continental breakfasts
Social events including sponsored 5k races and annual company party
Enjoyable collaborative and open work environment including a golf simulator and pool table
Employee referral bonus program
Charitable giving and company matching opportunities
Casual, relaxed dress code