Senior Options Quantitative Researcher

Tower Research Capital • Chicago, IL

9d • $120,000 - $180,000 • Hybrid

About The Position

Tower Research Capital seeks an experienced Options Quantitative Researcher to contribute to its options business. The role focuses on developing options pricing and risk models, improving real-time volatility valuation and fitting, and researching short- to mid-frequency volatility alphas. The researcher will work with traders and quantitative researchers to improve existing strategies and mentor junior colleagues.

Requirements

• At least 3 years of experience in quantitative research focused on options pricing, volatility surfaces, and risk management.
• Experience researching predictive volatility alphas over various time horizons.
• Understanding of practical considerations involved in implementing and executing trading signals.
• Expertise in detailed implementations of numerical pricing for American options.
• Ability to work with large, multifaceted datasets.
• Passion and drive to take a leading role in a growing options business.
• Relevant programming experience, preferably in Python and/or C++.
• Excellent attention to detail.

Responsibilities

• Develop options pricing and risk models.
• Improve real-time volatility valuation and fitting.
• Research short- to mid-frequency volatility alphas.
• Collaborate with traders and quantitative researchers to optimize existing strategies.
• Mentor junior traders and/or quantitative researchers.

Benefits

• Generous paid time off policies.
• Savings plans and other financial wellness tools available in each region.
• Hybrid working opportunities.
• Free breakfast, lunch, and snacks daily.
• In-office wellness experiences and reimbursement for select wellness expenses, such as gym membership and personal training.
• Company-sponsored sports teams and fitness events.
• Volunteer opportunities and charitable giving.
• Social events, happy hours, treats, and celebrations throughout the year.
• Workshops and continuous learning opportunities.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed