Trader - Index Rolls and Rates
About The Position
Maven is a market-leading, employee-owned proprietary trading firm that deploys internal capital across discretionary, systematic, and market-making strategies. The firm manages only its own capital and describes its culture as entrepreneurial and highly collaborative. Maven is seeking an ambitious and proactive Index Rolls Trader to join its Options Market Making team in Chicago. The successful candidate will bring extensive experience trading index rolls and rates, initially across the S&P index complex and potentially other indices over time. The role focuses on managing rates and rolls across front and back expiries, with responsibility for risks from the options operation. The trader will improve the existing trading and hedging setup, identify P&L opportunities, and take end-to-end ownership of the space. The role also involves working with developers on modest platform improvements and may contribute to developing a broader rolls and rates trading capability.
Requirements
- Strong expertise in index rolls, rates, and term-structure exposure.
- Ability to identify P&L opportunities, not just hedge risk.
- Ability to work with traders and developers.
- Interest in building something rather than joining a fully mature desk.
- 2–5 years’ experience trading index rolls.
- Strong understanding of options markets.
- Commercial trading mindset with appetite for risk ownership and strategy responsibility.
- Strong interest and ability to operate in a fast-moving, opportunistic trading environment.
- Strong analytical skills and research capabilities.
- Familiarity with Python and SQL or similar programming and database languages.
Responsibilities
- Manage rates and rolls across front and back expiries, absorbing risks from the options operation.
- Improve the existing trading and hedging setup.
- Identify and trade P&L opportunities arising from rolls, rates, and flow.
- Take end-to-end ownership of the space.
- Work with developers where modest platform improvements are required.
- Potentially help develop a broader rolls and rates trading capability over time.
Benefits
- Competitive compensation package.
- Annual discretionary bonus.
- Enhanced annual leave allowance after 2+ years’ service.
- 25 days’ annual leave plus public holidays.
- Private healthcare and life assurance.
- Monthly company events and social activities.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
