Saturday, July 23, 2011

Senior Trader - FX Options

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DRW Trading Group is a principal trading organization, meaning all of our trading is for our own account, and all of our methods, systems and applications are solely for our own use. Unlike hedge funds, brokerage firms and banks, DRW has no investors, clients or customers. DRW trades actively in a wide range of assets classes both domestically and internationally.

DRW is headquartered in Chicago and has offices in New York, London and Connecticut. We currently employ over 450 people worldwide from many different disciplines and backgrounds.

We trade actively in a wide range of assets classes both domestically and internationally and are currently looking to expand into FX markets. DRW seeks a Senior FX Options Trader who is fluent in risk management, has an excellent grasp of option theory/pricing, and has experience leading a team of currency traders.

Responsibilities:

Hire and manage team of FX traders
Trade FX products utilizing both automated and manual execution strategies
Market make in FX options across multiple currency pairs, via exchange floors and voice brokered markets
Manage and optimize the risk of the aggregate FX portfolio
Develop and maintain relationships with prominent FX participants
Identify and capture current opportunities; research and introduce new trading strategies
Research, identify, and execute trading strategies which fit within the risk parameters of the FX book
Review all transactions to ensure trades conform to pertinent laws and regulations
Recognize market participant patterns
Create models based on analysis and modify based on market dynamics; take risks accordingly
Communicate daily with the rest of the FX team regarding new opportunities and strategies
Assist in the growth and development of junior traders

Requirements

5+ years of experience successfully managing a FX options book
Must have in-depth understanding of FX markets and option theory
Previous experience managing a team of traders preferred
Experience developing and designing derivatives pricing and hedging tools using VBA and Excel
Must have strong risk management skills and an in-depth understanding of the functioning of FX markets
Bachelor's degree
Must be proficient in Excel and Bloomberg
Excellent interpersonal and communication skills
Strong quantitative skills
Strong problem-solving skills essential
Proven ability to investigate issues within own area of work and produce results

Culture and Community

We are proud of our culture and consider it an important contributor to our success. DRW seeks to create an entrepreneurial environment where employees are encouraged to participate in the creation, improvement and development of businesses. Learning, collaboration and innovation are also hallmarks of our culture. Together, these things make for a dynamic and exciting workplace which attracts bright, intellectually curious and motivated people to our organization. We consider it vital to preserve these important cultural characteristics as we grow.

Benefits:

Medical PPO, HMO, and HSA coverage through BlueCross BlueShield
Dental coverage through MetLife
Vision coverage through EyeMed
401k Retirement Savings Plan with Employer Matching program
Tuition Reimbursement
Basic Life Insurance
Short and Long-Term Disability
Flexible Spending Account
Pre-tax transit benefits via direct payroll deduction
Paid Maternity and Paternity Leave
Adoption Assistance
Employee Assistance Program

Other Perks:

Speaker series (past speakers include John McCain, Malcom Gladwell, Fareed Zakaria, Nouriel Roubini)
Chicago game room currently includes a pool table, foosball, table tennis, Golden Tee 2011, Xbox 360, Rock Band and Wii
Catered breakfast and lunch daily
Fully stocked kitchens with snacks, frozen yogurt, fresh fruit and drinks
Discounted gym memberships
Weekly yoga classes
Chair massages

Related Keywords: trader, options, fixed income, FX, automated

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