Tower Research Capital, a high-frequency proprietary trading firm founded in 1998, seeks an experienced Options Quantitative Researcher.

Responsibilities:

• Developing options pricing and risk models
• Improving real-time volatility valuation and fitting
• Researching short to mid frequency volatility alphas
• Collaborating with other traders and quantitative researchers to optimize existing strategies
• Mentoring junior traders and/or quantitative researchers

Qualifications:

• 3+ years of experience in a quantitative research role with a focus on options pricing, volatility surfaces, and risk management
• Experience in researching predictive volatility alphas over various time horizons
• Understanding of the practical considerations required in implementing and executing trading signals
• Expertise in detailed implementations of numerical pricing for American options
• Ability to work with large multi-faceted datasets
• Passion and drive to take a leading role in a growing options business
• Relevant programming experience, preferably in Python and/or C++
• Excellent attention to detail

Anticipated annual base salary range $120,000-180,000, plus eligible for discretionary bonus

Benefits

Tower’s office is located in River North, a neighborhood in central Chicago, just north of the Loop. While we work hard, Tower’s cubicle-free workplace, jeans-clad workforce, and well-stocked kitchens reflect the premium the firm places on quality of life. Benefits include:

• Competitive salary and discretionary bonuses
• 401(k) with company matching
• 5 weeks of paid vacation per year plus 11 paid holidays
• Free breakfast, lunch, and snacks on a daily basis
• Reimbursement for health and wellness expenses
• Free events and workshops
• Donation matching program

Tower Research Capital is an equal opportunity employer.