Proprietary Risk Trader (Equity Vol)

Job Description

DRW is a technology-driven, diversified principal trading firm. We trade our own capital at our own risk, across a broad range of asset classes, instruments and strategies, in financial markets around the world. As the markets have evolved over the past 25 years, so has DRW – maximizing opportunities to include real estate, cryptoassets and venture capital. With over 1000 employees at our Chicago headquarters and offices around the world, we work together to solve complex problems, challenge consensus and deliver meaningful results. It’s a place of high expectations, deep curiosity and thoughtful collaboration.

Our European Equity division is looking for a highly productive Proprietary Trader to join the discretionary risk taking team. This is an opportunity to be part of a dynamic and versatile risk-taking desk with a strong computational and technology platform to support your trading style. This role presents a unique opportunity to leverage a market leading low latency trading infrastructure for your execution, as well as being supported by a dedicated fundamental research team.

Responsibilities:

  • Taking proprietary positions in Global Equity Vol markets
  • Partnering with our Risk Management colleagues to ensure they understand all aspects of the trading strategies and associated analytics framework
  • Ensuring Trading Management are kept up to date on your positions and rationale for taking specific risks
  • Working with the Quant and Data teams to support an analytics and backtesting framework for your trades
  • Monitoring and reporting on trade execution costs and market impact as an input to broker/dealer selection
  • Quarterly presentation to trading management on strategy performance and go-forward planning
  • Development of junior talent via the Quantitative Trading Analyst program

Requirements:

  • Strong risk adjusted returns over multiple years and in diverse market conditions (Sharpe > 1.5)
  • Ability to clearly and concisely explain your edge, analytical framework and risk management methodologies
  • Capable to be independently profitable in global markets, without relying on Client flow
  • Demonstrated track record of exceptional risk management during multiple volatile market situations
  • Proven avoidance of left tail negative outcomes during your trading career
  • Deep understanding of the products you trade and the how liquidity conditions impact on them
  • Experience presenting your trading strategy framework to management, setting revenue budgets and periodically reporting mark to market

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