Our employees are truly our greatest asset. We have spent years building a team of talented, dedicated technologists, data-driven traders, and expert leaders with an emphasis on our core values: Collaboration, Ethics, Risk Management, and Diverse Experience and Opinions. Simplex is an in-office organization, helping to foster a collaborative and communicative culture.
Career Description
Leverage advanced quantitative techniques to build, refine, and maintain models that support risk management, pricing, and trading strategies. Develop models to replicate stress haircut calculations and deliver Python prototypes. Price options under a variety of stress scenarios and forecast expected profit or loss. Create, roll out, and maintain models capturing vol-spot relationships, forecast interest rate future prices, and design algorithms to combine multiple underlying price forecasts. Enhance volatility modeling through experimental research. Conduct A/B testing to refine trading parameters, analyze market data to identify underexplored trade opportunities. **Work is at Employer's Office (230 S. LaSalle Street, Suite 8-500, Chicago, IL 60604) with no travel involved.
Skills and Experience:
Bachelor’s degree (or foreign equivalent) in Finance, Mathematical Finance, Mathematics, Statistics, or a related field. Must have passed Series 57 exam. Must possess at least two (2) years of experience in any occupational title involving working with option theory and pricing. Must possess at least two (2) years of experience with the following: performing volatility modeling and fitting including with surface dynamics and vol-spot dynamics; working with option theory and pricing including derivatives pricing and futures/futures spreads; working with mathematical concepts such as calculus, linear algebra, and statistics; working with Statistical methods in performing hypothesis testing and designing experiments; working with finite difference methods and error function measurements for numerical analysis; conducting data analysis and market microstructure research; reading and interpreting finance journals; and working with programming tools including Python, SQL, Unix, and Linux.
Annual base salary ranges from $150,000 to $200,000, and is influenced by a number of factors, including qualifications and experience. This role is also eligible for an annual discretionary bonus, of which can be a significant portion of total compensation. This full time role is also eligible for other forms of compensation and benefits including health/dental/vision insurance, and 401(k) contributions.
Why us?
Founded in Chicago in 2004, Simplex is a leading, technology-driven, proprietary market-making firm. We work with the most advanced technology and software in the market, and we’ve continued to remain at the forefront of the industry by always focusing on innovation, automation, and data-driven analysis. We also leverage our experience and expertise to make strategic investments and capitalize on opportunities in the venture capital markets with promising, early-stage financial and technology start-ups.
PLUS, the goods!
- Benefits: Excellent a la carte Medical/Dental/Vision (free employee coverage!), 401(k) match, generous parental leave!
- The Office: The kitchen is stocked with snacks, and beverages; you also have daily stipends for breakfast and lunch!
- Tuition Reimbursement: As an investment in our employees’ careers and the company’s future, we offer educational assistance to provide employees with professional development opportunities that increase their skills and enhance their contributions to the organization!
- Employee Discounts: To gyms, national brands, and more!
- Building: We are located in the Federal Reserve building. As a tenant, you have access to a building gym and a full cafeteria. We are easily accessible to all public transportation.
- Charity Match: We match up to $2,000 a year in donations to the charities of your choice!
- Fun Events: In-person happy hours, celebrations throughout the year, game nights, video game fun, and so much more!
Simplex is an Equal Opportunity Employer
Simplex Trading is a technology-driven proprietary trading firm known for leveraging custom software and algorithms, primarily in options market making.