Trader

Maven•Chicago, IL

2d•Onsite

About The Position

Maven Securities US Limited is a market-leading proprietary trading firm that deploys its own capital across discretionary, systematic, and market-making strategies. Backed by deep expertise in trading, technology, and research, the firm is relentlessly focused on improving liquidity across global listed derivatives. Through advanced execution and pricing technologies, Maven improves how financial markets operate.

Requirements

Master’s degree in Finance, Financial Engineering, Quantitative Finance, or a related field of study
One (1) year of experience with financial theory
Relative value trading
Systematic position taking
Modeling
Developing and maintaining a daily trading plan
Risk monitoring
C++ scripting and/or Python scripting

Responsibilities

Monitor the risk exposures that result from the activity of each relevant trading desk and adjust volatility parameters as required to ensure that the company’s pricing is in line with the market.
Set the trading parameters of the execution systems used by the company to ensure competitive participation in the marketplace.
Follow the trading flow to ensure optimal positioning to absorb the supply and demand disbalances that occasionally drive market prices.
Develop and maintain a daily trading plan to anticipate various trading scenarios and set out intended courses of action depending on each outcome.
Monitor key trading statistics to ensure that trading activities are appropriately adjusted as soon as deviation from prescribed KPIs becomes apparent.
Liaise with brokers, assess pricing structures, and provide up-to-the-minute pricing quotes based on market conditions and data analysis.
Monitor the trading behavior and determine whether the quoting behaviors of the systems are sound and competitive based on a thorough understanding of the market and relevant data.
Make adjustments to trading logic by preparing or requesting the relevant change to the quoting script and following through with its implementation and release into production and by making changes to internal trading systems.
Identify and implement modifications to internal trading systems, including assessing the logic amendment required, formulating a request, discussing with key stakeholders, including the Head of Desk, submitting feature change requests, and working with the technology team to see the change through implementation.
Establish and refine metrics that enable the trading desk to assess the pricing dislocation in risk factors relevant to the desk: implied vs realized volatility, implied vs realized skew, kurtosis, and future spread level.
Investigate trades that challenge the competitiveness or the sound functioning of systems through detailed and thorough review of to-the-microsecond and order-by-order market data, and make improvements to that research framework.
Train and guide juniors and experienced hires to ensure that all team members have a thorough understanding of the tools that underpin trading activities.