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- Tasks: Join a dynamic team to develop cutting-edge options trading systems using C++.
- Company: Work with a world-leading hedge fund known for innovation in finance and technology.
- Benefits: Enjoy a fast-paced environment, mentorship opportunities, and the chance to shape trading strategies.
- Why this job: Be at the forefront of finance technology, collaborating with experts and making a real impact.
- Qualifications: Bachelor's or Master's in Computer Science or Mathematics; 10+ years in automated options trading systems.
- Other info: Ideal for those passionate about finance and technology, eager to push boundaries.
The predicted salary is between 54000 - 90000 £ per year.
My client - one of the industry's leading global investment managers - is looking to hire a Quantitative Developer to join the Algo Development Trading Technology team as they build a new Volatility Trading system. They are developing a systematic trading platform for trading options which includes:
- Option execution algorithms to optimize execution for Portfolio Managers globally
- Analytics to support post-trade analysis and TCA
As a Quantitative Developer, you will play a vital role in designing, implementing, and maintaining options trading systems. This is an exciting opportunity to contribute to a dynamic and fast-paced environment, leveraging your C++ expertise and options trading business knowledge.
Responsibilities:
- Collaborate with quantitative analysts and traders to translate their strategies into efficient and robust code.
- Develop, optimize, and maintain software applications for options trading, primarily using C++ (ideally version 17 or better).
- Design and implement high-performance trading systems, ensuring reliability, scalability, and low-latency execution.
- Work closely with infrastructure teams to improve trading infrastructure, connectivity, and performance.
- Conduct thorough testing and debugging of software components, resolving any issues or discrepancies.
- Stay up-to-date with the latest developments in technology and trading practices to continuously enhance systems.
- Provide technical support and mentorship to junior developers, promoting best practices and knowledge sharing.
Requirements:
- Bachelor's or Master's degree in Computer Science, Mathematics, or a related field.
- 10+ years of work experience, of which at least 5 is in building automated options trading systems.
- Deep understanding of financial markets, including equities, derivatives, options, and futures, is crucial.
- Strong knowledge of options pricing models, trading strategies, risk management, and market analysis is highly valued.
- Proficiency in quantitative analysis, mathematical modeling, statistics, and probability theory is essential for option pricing and analytics.
- Solid understanding of options risk management techniques, such as delta hedging with all the products such as index options with futures etc.
- Good understanding of different option markets and market mechanisms of options market microstructure.
- Good knowledge of option auction and expiration process and the market impact.
- Good knowledge of products traded by volatility traders, e.g.:
- Equity Options
- Index Options
- Spreads on Equity and Index options (Complex Options)
- Variance Swap (Var Swap)
- Volatility Swap (Vol Swap)
Preferred Qualifications:
- Previous experience in options trading or algorithmic trading systems development.
- Proficiency in other programming languages such as Python.
- Experience in building cloud (AWS, GCP) based volatility trading solutions for back testing and regression testing.
- Experience with building analytics tool using KDB.
- Knowledge of quantitative finance, statistical analysis, and regression.
- Familiarity with options trading markets.
If you are passionate about options trading, possess strong C++ skills, and are excited about contributing to a leading options trading business, we encourage you to apply. Come and be part of a dynamic team dedicated to pushing the boundaries of finance and technology.
Contact
If this sounds like you, or you'd like more information, please get in touch: George Hutchinson-Binks george.hutchinson-binks@oxfordknight.co.uk (+44) 07885 545220 linkedin.com/in/george-hutchinson-binks-a62a69252
Contact Detail:
Placed Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Quantitative Developer - Algo Vol Trading- World-Leading Hedge Fund (London)
✨Tip Number 1
Familiarise yourself with the latest trends in options trading and volatility strategies. This knowledge will not only help you during interviews but also demonstrate your genuine interest in the field.
✨Tip Number 2
Network with professionals in the quantitative finance space, especially those working in algorithmic trading. Attend industry events or webinars to make connections that could lead to referrals.
✨Tip Number 3
Brush up on your C++ skills, particularly focusing on modern features and multithreading. Consider contributing to open-source projects or building your own trading algorithms to showcase your expertise.
✨Tip Number 4
Prepare for technical interviews by practising coding challenges related to algorithm optimisation and low-latency systems. Use platforms like LeetCode or HackerRank to sharpen your problem-solving skills.
We think you need these skills to ace Quantitative Developer - Algo Vol Trading- World-Leading Hedge Fund (London)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience with C++ and any relevant projects related to options trading systems. Emphasise your understanding of financial markets and any specific algorithms you've worked on.
Craft a Strong Cover Letter: In your cover letter, express your passion for options trading and how your skills align with the role. Mention specific experiences that demonstrate your ability to collaborate with quantitative analysts and traders.
Showcase Technical Skills: Clearly outline your technical skills in your application. Include your proficiency in C++, knowledge of options pricing models, and any experience with distributed systems or cloud-based solutions.
Highlight Problem-Solving Abilities: Provide examples of how you've tackled complex problems in previous roles. This could include debugging software components or optimising trading systems, showcasing your analytical skills.
How to prepare for a job interview at Placed
✨Brush Up on C++ and Modern Features
Make sure you're well-versed in C++ and its modern features, especially if you're familiar with version 17 or better. Be prepared to discuss your experience with multithreading and low-level programming, as these are crucial for the role.
✨Understand Options Trading Inside Out
Since this position revolves around options trading, ensure you have a solid grasp of options pricing models, trading strategies, and risk management techniques. Be ready to explain how you've applied this knowledge in previous roles.
✨Showcase Your Problem-Solving Skills
Prepare to demonstrate your analytical skills and problem-solving abilities. You might be asked to tackle complex scenarios or coding challenges during the interview, so practice articulating your thought process clearly.
✨Communicate Effectively with Cross-Functional Teams
Highlight your experience working collaboratively with quantitative analysts and traders. Strong communication skills are essential, so be ready to share examples of how you've successfully collaborated in past projects.
