Quantitative Developer - Algo Vol Trading- World-Leading Hedge Fund

Job Description

My client - one of the industrys leading global investment managers - is looking to hire a Quantitative Developer to join the Algo Development Trading Technology team as they build a new Volatility Trading system. Theyre developing a systematic tradingplatform for trading options which includes:

• Option execution algorithms to optimize execution for Portfolio Managers globally
• Analytics to support post-trade analysis and TCA

As a Quantitative Developer, youll play a vital role in designing, implementing, and maintaining options trading systems. This is an exciting opportunity to contribute to a dynamic and fast-paced environment, leveraging your C++ expertise and options tradingbusiness knowledge. Responsibilities:

• Collaborate with quantitative analysts and traders to translate their strategies into efficient and robust code.
• Develop, optimize, and maintain software applications for options trading, primarily using C++ (ideally version 17 or better).
• Design and implement high-performance trading systems, ensuring reliability, scalability, and low-latency execution.
• Work closely with infrastructure teams to improve trading infrastructure, connectivity, and performance.
• Conduct thorough testing and debugging of software components, resolving any issues or discrepancies.
• Stay up-to-date with the latest developments in technology and trading practices to continuously enhance systems
• Provide technical support and mentorship to junior developers, promoting best practices and knowledge sharing.

Requirements:

• Bachelors or Masters degree in Computer Science, Mathematics, or a related field.
• 10+ years of work experience, of which at least 5 is in building automated options trading systems.
• Deep understanding of financial markets, including equities, derivatives, options, and futures, is crucial.
• Strong knowledge of options pricing models, trading strategies, risk management, and market analysis is highly valued.
• Proficiency in quantitative analysis, mathematical modeling, statistics, and probability theory is essential for option pricing and analytics.
• Candidates should possess a solid understanding of options risk management techniques, such as delta hedging with all the products such as index options with futures etc.
• Good understanding of different option markets and market mechanisms of options market microstructure.
• Good knowledge of option auction and expiration process and the market impact.
• Good knowledge of products traded by volatility traders, e.g.:
  • Equity Options
  • Index Options
  • Spreads on Equity and Index options (Complex Options)
  • Variance Swap (Var Swap)
  • Volatility Swap (Vol Swap)
• Strong knowledge of options trading business, including concepts, strategies, and risk management.
• Extensive experience with C++ and solid understanding of modern C++ features, multithreading, and low-level programming.
• Proficiency in software development methodologies, version control systems, and debugging tools.
• Experience with C++ testing framework such as google fixtures and code coverage tools as gcov.
• Familiarity with distributed systems, high-performance computing, and algorithm optimization.
• Excellent problem-solving and analytical skills, with the ability to quickly understand and apply complex concepts.
• Strong communication skills and the ability to collaborate effectively with cross-functional teams.
• Self-motivated, detail-oriented, and able to work independently in a fast-paced environment.

Preferred Qualifications:

• Previous experience in options trading or algorithmic trading systems development.
• Proficiency in other programming languages such as Python.
• Experience in building cloud (AWS, GCP) based volatility trading solutions for back testing and regression testing.
• Experience with building analytics tool using KDB.
• Knowledge of quantitative finance, statistical analysis, and regression.
• Familiarity with options trading markets.

If you are passionate about options trading, possess strong C++ skills, and are excited about contributing to a leading options trading business, we encourage you to apply. Come and be part of a dynamic team dedicated to pushing the boundaries of finance andtechnology. ContactIf this sounds like you, or youd like more information, please get in touch: George Hutchinson-Binks(+44) in/george-hutchinson-binks-a62a69252