Senior Options Quantitative Researcher at Tower Research Capital | Chicago, IL, US | Rezi

Senior Options Quantitative Researcher at Tower Research Capital

Senior Options Quantitative Researcher

Tower Research Capital · Chicago, IL, US

5 days ago

Senior Options Quantitative Researcher

Tower Research Capital · Chicago, IL, US

5 days ago
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About the Role

Tower Research Capital is seeking an experienced Options Quantitative Researcher to develop options pricing and risk models, improve real-time volatility valuation, and research volatility alphas. This role involves collaborating with teams to optimize strategies and mentoring junior researchers.

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

Requirements

  • 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

Skills

  • Options pricing
  • Volatility surfaces
  • Risk management
  • Predictive volatility alphas
  • Numerical pricing for American options
  • Python
  • C++

Location

  • New York

Work Type

  • Hybrid

Experience Level

  • 3+ years

Salary/Compensations

  • $120,000-180,000

Benefits

  • Generous paid time off policies
  • Savings plans and other financial wellness tools available in each region
  • Hybrid working opportunities
  • Free breakfast, lunch, and snacks daily
  • In-office wellness experiences and reimbursement for select wellness expenses
  • Company-sponsored sports teams and fitness events
  • Volunteer opportunities and charitable giving
  • Social events, happy hours, treats, and celebrations throughout the year
  • Workshops and continuous learning opportunities

About the Company

  • Tower Research Capital is a leading quantitative trading firm founded in 1998, built on a high-performance platform and independent trading teams with a 25+ year track record of innovation.
  • Tower empowers portfolio managers to build teams and strategies independently while providing economies of scale.
  • Engineers develop electronic trading infrastructure, solving challenging problems in low-latency programming, FPGA technology, hardware acceleration, and machine learning.
  • The company invests in engineering talent and technology to maintain an unmatched platform.
  • Business Support teams are essential to building and maintaining the platform, enabling trading and engineering teams to perform at their best.
  • Tower offers a stimulating, results-oriented environment where colleagues inspire each other.
  • The company headquarters are in NYC’s Financial District with a global impact.
  • Tower fosters a culture where smart, driven people thrive without egos, valuing a friendly, collaborative environment.
  • The workplace features an open concept, casual dress code, and well-stocked kitchens.
  • The company offers a collaborative and welcoming culture, a diverse team, and a workplace that values both performance and enjoyment.

Equal Opportunity

  • Tower Research Capital is an equal opportunity employer.