Sunday, October 16, 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 and London. 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.

  • 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
  • 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.

  • 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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