About the Role
DRW is seeking a senior investment professional to lead the design and implementation of derivative investment strategies and portfolio construction across crypto markets. This role requires deep options expertise combined with a holistic understanding of crypto trading, portfolio construction, asset allocation, and fiduciary responsibility, operating across OTC, CEX, and DeFi implementations.
Responsibilities
- Strategy design, mandate management, liquidity management, and fiduciary oversight.
- Design and implement options strategies (yield enhancement, hedging, vol capture, delta-neutral, structured products).
- Multi-venue execution (OTC, CEX, DeFi).
- Exotic/vanilla pricing expertise.
- Real-time Greeks management.
- Bespoke OTC structuring.
- Proprietary model development (pricing, implied vol, risk).
- Volatility forecasting frameworks.
- Backtesting and validation.
- Performance attribution.
- Ongoing academic/practitioner research engagement.
- DeFi yield and hedging opportunities.
- Smart contract risk assessment.
- On-chain data integration.
- Vault-based and AMM strategies.
- DeFi-specific risk monitoring.
- VaR, stress testing, scenario analysis, drawdown and liquidity monitoring.
- Counterparty credit risk.
- Regulatory compliance.
- Institutional-standard documentation.
- Mentoring junior team members.
- Fostering intellectual rigour.
- Contributing to operational infrastructure and scaling.
Requirements
- 10+ years in trading.
- Ideally 4+ years managing crypto portfolios.
- Proven options/derivatives track record.
- OTC, CEX & DeFi experience.
- Proficient programmer.
- Experience with quantitative libraries.
- Familiar with PMS/RMS/OMS platforms.
- Blockchain analytics tools.
- On-chain data sources.
- Smart contract mechanics.
- DeFi protocol evaluation.
Skills
- Options pricing theory
- Quantitative analysis
- Portfolio construction
- Asset allocation
- Fiduciary responsibility
- Options strategies
- Derivatives
- Crypto trading
- OTC
- CEX
- DeFi
- Quantitative programming
- Quantitative libraries
- PMS/RMS/OMS platforms
- Blockchain analytics tools
- On-chain data sources
- Smart contract mechanics
- DeFi protocol evaluation
Location
- Chicago
Work Type
- Full-time
Experience Level
- Senior
- 10+ years in trading
- 4+ years managing crypto portfolios
Education Level
- Quantitative degree required (Maths, Physics, CS, Financial Engineering, Stats, Economics)
- Master's/PhD
- CFA/FRM/CQF advantageous
About the Company
- DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world.
- We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk.
- Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets.
- We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets.
- We operate with respect, curiosity and open minds.
- The people who thrive here share our belief that it’s not just what we do that matters–it's how we do it.
- DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus.
