Senior Trader

IMC•New York, NY

1d•$250,000 - $300,000•Hybrid

About The Position

IMC Americas, Inc. has multiple openings for Senior Trader (REQ#4479679101) in Chicago, IL and New York, NY. This role involves developing, maintaining, and enhancing mathematical models, strategies, and trading system components for quantitative proprietary trading in collaboration with developers. The Senior Trader will independently design and implement changes to trading models, strategies, and systems from end-to-end, including conceiving proposed changes, creating and performing tests, and implementing them. They will analyze, interpret, and model financial, economic, and industry data to optimize trading and maximize revenue generation using existing internal tools, and create custom analysis tools for research beyond available tools. The position also requires preparing and presenting high-quality financial analysis and reports following IMC global guidelines. A significant part of the role involves leading, mentoring, and developing a team of traders, including managing Trading managers and leading trading teams across offices. The Senior Trader will supervise and mentor traders and interns, providing detailed feedback. They will set trading strategy, performance goals, and standards for a group of traders, quant researchers, and technologists, and stay abreast of market trends and changes, adapting strategies as needed. The role includes enforcing robust risk management practices and ensuring adherence to regulatory and internal controls, owning PnL, risk management, and regulatory controls for the trading desk. The Senior Trader will influence organizational and strategic direction for the firm by collaborating with key stakeholders and leadership in IMC international offices, and partner closely with other trading and technology leads to enhance trading strategies, systems, and tools. Participation in the Trader interview process and making hiring decisions for applicants to Trader positions is also required. Partial telecommuting is permitted. Multiple positions are available.

Requirements

Bachelor’s degree, or foreign equivalent, in Mathematics, Econometrics, Computer Science, Financial Engineering, Physics, or similarly quantitative and mathematical field
Five (5) years of experience in the job offered or a related position
At least five (5) years of experience in developing, maintaining, and enhancing mathematical models, strategies, and trading system components for quantitative proprietary trading in collaboration with developers
At least five (5) years of experience operating trading strategies through a range of market circumstances, having a thorough understanding of risk at any point in time
At least five (5) years of experience rolling out and verifying new features on trading strategies
At least five (5) years of experience managing a trading firm's risk exposure
At least five (5) years of experience using Python and python coding libraries, including Pandas, NumPy, and SciPy to assist in quantitative analysis
At least five (5) years of experience trading products and navigating compliance regulations in trading markets
At least five (5) years of experience managing Quantitative traders
At least five (5) years of experience contributing to planning and prioritization decisions on a trading desk
FINRA Certifications: (1) SIE, (2) Series 57, and (3) Series 24

Responsibilities

Develop, maintain, and enhance mathematical models, strategies, and trading system components for quantitative proprietary trading in collaboration with developers
Independently design and implement changes to trading models, strategies and systems from end-to-end, including conceiving of proposed changes, creating a testing plan and performing tests, and implementing changes
Analyze, interpret, and model financial, economic, and industry data to optimize trading and maximize revenue generation using existing internal tools
Create custom analysis tools for use at the firm to perform research beyond available analysis tools
Prepare and present high-quality financial analysis and reports following IMC global guidelines
Lead, mentor and develop a team of traders, including managing Trading managers and leading trading teams across offices
Supervise and mentor traders and interns, providing detailed feedback for their work
Set trading strategy, performance goals, and standards for a group of traders, quant researchers, and technologists; and stay abreast of market trends and changes, adapting strategies as needed
Enforce robust risk management practices and ensure adherence to regulatory and internal controls; and own PnL, risk management, and regulatory controls for the trading desk
Influence organizational and strategic direction for the firm by collaborating with key stakeholders and leadership in IMC international offices
Partner closely with other trading and technology leads to enhance trading strategies, systems and tools
Participate in Trader interview process and make hiring decisions for applicants to Trader positions