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Systematic Equity Trader

Job in Chicago, Cook County, Illinois, 60290, USA
Listing for: Old Mission
Full Time position
Listed on 2026-01-27
Job specializations:
  • Finance & Banking
    Data Scientist, Financial Analyst, Financial Consultant
Salary/Wage Range or Industry Benchmark: 170000 - 250000 USD Yearly USD 170000.00 250000.00 YEAR
Job Description & How to Apply Below
Position: Systematic Equity Options Trader

Old Mission is a global proprietary trading firm that leverages state‑of‑the‑art technology and research to identify and execute profitable trading strategies across multiple asset classes around the world. Our offices in Chicago, New York, and London are composed of naturally curious individuals who thrive in a team environment and constantly strive for improvement. Old Mission does not seek capital from outside investors, allowing us the flexibility to aggressively invest in our team members and keep them engaged in the firm’s growth.

Responsibilities
  • Design and implement systematic trading strategies for equity options, including single‑name options, index options, and volatility products
  • Build and maintain quantitative models for options pricing, volatility forecasting, and risk management
  • Monitor and optimize existing strategies, identifying opportunities for enhancement and improvement
  • Collaborate with quantitative researchers to translate research insights into production trading strategies
  • Manage portfolio risk through systematic hedging and position management
  • Analyze market microstructure and develop strategies to optimize execution quality
  • Work with technology teams to build robust, scalable trading infrastructure
  • Conduct post‑trade analysis to evaluate strategy performance and identify areas for improvement
Required Qualifications
  • Bachelor's degree in Mathematics, Statistics, Computer Science, Physics, Engineering, or related quantitative field; advanced degree preferred
  • 4+ years of experience in systematic options trading, quantitative trading, or quantitative research
  • Strong understanding of options pricing theory, Greeks, and volatility dynamics
  • Proficiency in Python or C++ is a prerequisite
  • Experience with statistical analysis, machine learning, and quantitative modeling techniques
  • Must have a strong understanding of the market microstructure and execution algorithms
  • Excellent analytical and problem‑solving skills
  • Ability to work effectively in a fast‑paced, collaborative environment
Preferred Qualifications
  • Experience trading equity options or volatility products systematically
  • Knowledge of order book dynamics and high‑frequency trading concepts
  • Familiarity with real‑time data processing and low‑latency systems
  • Track record of developing profitable quantitative trading strategies
Base Salary Range

$170,000 - $250,000. Salaries are based on numerous factors such as skills, experience, and education. Our compensation package also includes a discretionary bonus and a comprehensive benefits program for full‑time employees. For more information, reach out to your recruiter.

Old Mission is not accepting unsolicited resumes from any staffing/search firms. All resumes submitted by staffing/search firms to any employee at Old Mission via email, the Internet, or directly without a valid signed search agreement will be deemed the sole property of Old Mission, and no fee will be paid in the event the candidate is hired by Old Mission.

Referrals increase your chances of interviewing at Old Mission by 2x.

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