Old Mission

Finance

JuniorQuantitativeResearcher(Ph.D.)

$175–250k Chicago, Illinois, United States Remote Friendly
The Brief

“Junior Quantitative Researcher (Ph. D. ) at Old Mission. Skills: Quantitative research, Derivative pricing models, Volatility modeling, Python programming, C++ programming. Conceptualize and implement cutting-edge derivative pricing models for single-asset derivatives. Develop pricing models for widely traded equity volatility products such as variance swaps, volatility swaps, and VIX options”

Industry & Context.

Finance
Problems you'll solve

Team-oriented problem solver

What They're Looking For.

Must Have

Masters or Ph. D. in a quantitative discipline (computer science, engineering, physics, mathematics, statistics, or other hard sciences), Programming skills in Python and C++

Nice to Have

Experience with dividend swaps and futures

What You'll Do.

Conceptualize and implement cutting-edge derivative pricing models for single-asset derivatives

Develop pricing models for widely traded equity volatility products such as variance swaps

Evaluate existing options pricing models

scrutinizing aspects such as calibration accuracy and Greeks stability

Investigate and propose enhancements to address identified issues in pricing models

Develop more resilient and stable alternative options pricing models

Explore and suggest new parameterizations for the volatility surface

Design improved filtering rules for market data quotes during calibration

Develop options specific research infrastructure and libraries in Python

Analyze market data and microstructure to identify patterns

Facilitate the exploration of trading ideas

Actively participate in the idea generation process for options research

Contribute insights and innovations to options research

Collaborate closely with traders

Engage in the analysis of data with traders

Jointly develop new tools and ideas with traders

Identify patterns in the market

How You'll Work.

Team & Collaboration

Collaborate directly with our options trading group; Collaborate closely with traders; Engage in the analysis of data and jointly developing new tools and ideas with traders

Communication Scope

Exceptional written and verbal communication skills

Process & Methodology

Manage multiple tasks in a time-sensitive, collaborative, and fast-paced environment, Managing multiple work streams concurrently

Free ATS check

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