Index Options Volatility Trader

IMC

About the role IMC’s Macro Analyst team provides traders with market-moving insights and actionable trading ideas across global macro and volatility markets. As a Senior Macro Analyst, you will be based in Amsterdam and take ownership of generating insights and trading ideas across European equity index volatility and related markets. Working closely with traders and the Lead Macro Analyst, you will develop event-driven scenarios, identify opportunities around global macro themes, and help shape IMC’s response to fast-moving economic, political, and market developments. You will translate complex market information into clear trading implications, contribute to macro-driven strategies across options and volatility products, and play a key role in ensuring IMC remains ahead of market narratives. This is a highly collaborative role for someone who combines strong macro judgment, deep market understanding, and the ability to communicate clearly and decisively under time pressure. Your Core Responsibilities * Generate actionable trading ideas and market analysis across European equity index volatility, options, spreads, futures, and related financial instruments; * Develop and maintain scenario analyses around key market-moving events, including economic data releases, central bank meetings, national budgets, elections, geopolitical developments, and unexpected macro shocks; * Monitor global and European macro themes, identifying how changes in policy, politics, growth, inflation, rates, FX, and risk sentiment may affect equity index volatility and related markets; * Provide traders with timely, clear, and actionable updates on what is driving markets during European trading hours and relevant out-of-hours futures sessions; * React quickly to breaking news and unexpected market events, assessing potential outcomes, market impact, and trading opportunities in real time; * Work closely with traders to evaluate risk/reward, refine trading hypotheses, and contribute to the development of macro-driven options and volatility strategies; * Contribute to discussions around macro-driven positions, market themes, PnL drivers, and evolving risks across European and global markets; * Take ownership of specific research areas, recurring event playbooks, analytical frameworks, or market coverage themes; * Help ensure strong operational coverage of key events, market sessions, and trader needs through disciplined preparation, responsiveness, and high-quality communication; * Collaborate with other IMC analyst teams across Amsterdam, Chicago, Sydney, and Mumbai to share insights, compare market views, and strengthen global coverage; * Support the development of more junior analysts by sharing market knowledge, improving team processes, and helping raise the overall quality of the team’s output; * Continuously improve the team’s analytical tools, event preparation, communication formats, and trading idea generation process. Your Skills and Experience * 4–6+ years of experience in a trading, macro research, volatility, options, or strategy-focused role, ideally at a high-frequency trading firm, investment bank, hedge fund, asset manager, or market-making environment; * Strong understanding of European financial markets and the macroeconomic, political, and geopolitical factors that influence equity indices, volatility, rates, FX, and broader risk sentiment; * Experience analyzing equity index products, options, volatility, futures, spreads, or related financial instruments; * Proven ability to translate macro events, political developments, and market headlines into practical trading implications; * Strong scenario analysis skills, with the ability to assess probabilities, market impact, positioning, and potential second-order effects; * Excellent written and verbal communication skills, with the ability to engage traders clearly, succinctly, and confidently in fast-moving market conditions; * Sound market judgment and the ability to form independent views while incorporating feedback from traders and other analysts; * Calm, focused, and decisive when markets are moving quickly or information is incomplete; * Collaborative mindset, with the ability to work effectively with traders, analysts, and global teams; * High level of ownership, curiosity, and intellectual drive, with a strong interest in markets, policy, politics, and global events; * Entrepreneurial approach, with a desire to improve processes, develop new analytical frameworks, and contribute ideas that can directly impact trading outcomes. About Us IMC is a global trading firm powered by a cutting-edge research environment and a world-class technology backbone. Since 1989, we’ve been a stabilizing force in financial markets, providing essential liquidity upon which market participants depend. Across our offices in the US, Europe, Asia Pacific, and India, our talented quant researchers, engineers, traders, and business operations professionals are united by our uniquely collaborative, high-performance culture, and our commitment to giving back. From entering dynamic new markets to embracing disruptive technologies, and from developing an innovative research environment to diversifying our trading strategies, we dare to continuously innovate and collaborate to succeed.

Man Group

About Man Group Man Group is a global alternative investment management firm focused on pursuing outperformance for sophisticated clients via our Systematic, Discretionary and Solutions offerings. Powered by talent and advanced technology, our single and multi-manager investment strategies are underpinned by deep research and span public and private markets, across all major asset classes, with a significant focus on alternatives. Man Group takes a partnership approach to working with clients, establishing deep connections and creating tailored solutions to meet their investment goals and those of the millions of retirees and savers they represent. Headquartered in London, we manage $228.7 billion* and operate across multiple offices globally. Man Group plc is listed on the London Stock Exchange under the ticker EMG.LN and is a constituent of the FTSE 250 Index. Further information can be found at www.man.com At Man Group, we respect your privacy and we are committed to protecting and safeguarding your Personal Data. We have developed policies and processes which are designed to provide for the security and integrity of your Personal Data. We are committed to Processing your Personal Data fairly and lawfully, and being open and transparent about such Processing. For further information on how we process your data, please see the privacy notice for applicants here * As at 31 March 2026   Macro: Key competencies * Advanced degree in Computer Science, Statistics, Mathematics, Finance/Economics or related quantitative field from a top-tier institution * Passion in investment research with strong intuition and the ability to think-out-of-the-box; strong record of original research and demonstrated problem solving ability * Excellent quantitative skills from training in econometrics or statistics, and extensive experience in utilizing those skills in empirical research. Practical exposures to LLMs and AI agents a plus * Strong programming skills analyzing large and complex data with statistical tools (Python) * Proficiency in risk parity portfolio construction, volatility modeling, derivatives and leverage instruments; knowledge of macro and cross-asset dynamics in China * Confident communicator, able to explain complex ideas in simple terms to both external and internal stakeholders * 2-5 years of experience in researching and live trading alpha signals for futures in Chinese market   What you will be doing Develop and improve risk-parity and macro quantitative investment strategies across financial markets within the dedicated China research team. Take ownership of the full investment lifecycle — from alpha generation and portfolio construction through to trade execution and implementation — with a particular focus on risk-balanced allocation frameworks across asset classes. Work closely with team members to create and support strategies by: * Alpha Generation & Strategy Development: Identify new investment ideas and innovative data sources across macro themes, asset classes, and risk factors relevant to risk-parity frameworks. * Data & Modeling: Gather and refine complex datasets; apply statistical analysis and quantitative modeling to build and improve risk models, correlation frameworks, volatility estimation, and return forecasting models central to risk-parity construction. * Portfolio Construction & Implementation: Participate in research on risk-budgeting methodologies, dynamic leverage, diversification, and rebalancing strategies, as well as trading cost models and execution optimization. * Interpretation & Decision-Making: Synthesize and interpret model outputs to drive portfolio decisions, with the ability to clearly communicate the rationale, risk exposures, and performance attribution of strategies to internal stakeholders. * External Representation: Serve as a credible and articulate spokesperson for the strategies externally — engaging with investors and distributors to present investment philosophy, portfolio construction logic, performance, and risk management in a compelling and transparent manner. Inclusion, Work-Life Balance and Benefits at Man Group You'll thrive in our working environment that champions equality of opportunity. Your unique perspective will contribute to our success, joining a workplace where inclusion is fundamental and deeply embedded in our culture and values. Through our external and internal initiatives, partnerships and programmes, you'll find opportunities to grow, develop your talents, and help foster an inclusive environment for all across our firm and industry. Learn more at www.man.com/diversity. You'll have opportunities to make a difference through our charitable and global initiatives, while advancing your career through professional development, and with flexible working arrangements available too. Like all our people, you'll receive two annual 'Mankind' days of paid leave for community volunteering. Our comprehensive benefits package includes competitive holiday entitlements, pension/401k, life and long-term disability coverage, group sick pay, enhanced parental leave and long-service leave. Depending on your location, you may also enjoy additional benefits such as private medical coverage, discounted gym membership options and pet insurance. Equal Employment Opportunity Policy Man Group provides equal employment opportunities to all applicants and all employees without regard to race, color, creed, national origin, ancestry, religion, disability, sex, gender identity and expression, marital status, sexual orientation, military or veteran status, age or any other legally protected category or status in accordance with applicable federal, state and local laws. Man Group is a Disability Confident Committed employer; if you require help or information on reasonable adjustments as you apply for roles with us, please contact TalentAcquisition@man.com.

Man Group

About Man Group Man Group is a global alternative investment management firm focused on pursuing outperformance for sophisticated clients via our Systematic, Discretionary and Solutions offerings. Powered by talent and advanced technology, our single and multi-manager investment strategies are underpinned by deep research and span public and private markets, across all major asset classes, with a significant focus on alternatives. Man Group takes a partnership approach to working with clients, establishing deep connections and creating tailored solutions to meet their investment goals and those of the millions of retirees and savers they represent. Headquartered in London, we manage $228.7 billion* and operate across multiple offices globally. Man Group plc is listed on the London Stock Exchange under the ticker EMG.LN and is a constituent of the FTSE 250 Index. Further information can be found at www.man.com At Man Group, we respect your privacy and we are committed to protecting and safeguarding your Personal Data. We have developed policies and processes which are designed to provide for the security and integrity of your Personal Data. We are committed to Processing your Personal Data fairly and lawfully, and being open and transparent about such Processing. For further information on how we process your data, please see the privacy notice for applicants here * As at 31 March 2026   The Team: The Man AHL Investment Risk team is a part of the wider Man Group Risk function and is responsible for risk management, monitoring and risk-related research across Market, Liquidity and Counterparty Risk. The team is responsible for risk management across the full range of AHL funds and strategies — spanning a broad range of asset classes including fixed income, equities, credit, commodities, FX and volatility — and works closely with Portfolio Management, Research, Trading and Technology teams to resolve risk issues. The team has a strong focus on risk research and the development of proprietary, in-house risk tooling. It is responsible for independent research on new risk management techniques and improvements to existing risk analytics, including an internal risk model and Python code base. AHL Risk relies on the strong quantitative and risk backgrounds across the team, as well as programming, data analysis and communication skills. The Role AHL Risk are seeking a self-motivated Risk Manager & Researcher with a strong quantitative background to be part of a dynamic Risk Management team. This is an exciting opportunity for a Quantitative Risk Manager with intellectual curiosity and an interest in Quantitative Research. The role offers a roughly equal balance across ongoing risk monitoring, risk research and model development, and the build-out of the team's risk tooling and analytical infrastructure. It is a highly quantitative position, requiring a strong mathematical and statistical foundation in order to understand the systematic strategies under management and to research and build new risk models and tools. Key Responsibilities * Monitor and manage risk across systematic trading strategies & funds * Work with all areas within the business – both within and outside AHL – to resolve risk issues as they arise * Assist in building out the broader risk framework and analytical infrastructure – including internal risk models and code * Conduct research into new risk measurement and management techniques * Further develop the Man risk management framework and broaden awareness and good risk culture across all functions at Man * Reporting relevant risk data and information to key stakeholders – both internal and external – as and when required Key Skills & Experience * A strong mathematical and statistical background, with the ability to understand systematic strategies and to research and build new risk models and tools * MSc (or higher) in a highly quantitative discipline (e.g. Mathematics, Statistics, Physics) * Minimum 2 years’ experience in a quantitative and/or risk-focused role within buy-side, sell-side or financial services * Knowledge of financial markets across major asset classes * Advanced understanding of portfolio risk modelling and risk management techniques * Advanced Python or similar programming skills, and general strength and fluency with technology and coding * Excellent communication skills Inclusion, Work-Life Balance and Benefits at Man Group You'll thrive in our working environment that champions equality of opportunity. Your unique perspective will contribute to our success, joining a workplace where inclusion is fundamental and deeply embedded in our culture and values. Through our external and internal initiatives, partnerships and programmes, you'll find opportunities to grow, develop your talents, and help foster an inclusive environment for all across our firm and industry. Learn more at www.man.com/diversity. You'll have opportunities to make a difference through our charitable and global initiatives, while advancing your career through professional development, and with flexible working arrangements available too. Like all our people, you'll receive two annual 'Mankind' days of paid leave for community volunteering. Our comprehensive benefits package includes competitive holiday entitlements, pension/401k, life and long-term disability coverage, group sick pay, enhanced parental leave and long-service leave. Depending on your location, you may also enjoy additional benefits such as private medical coverage, discounted gym membership options and pet insurance. Equal Employment Opportunity Policy Man Group provides equal employment opportunities to all applicants and all employees without regard to race, color, creed, national origin, ancestry, religion, disability, sex, gender identity and expression, marital status, sexual orientation, military or veteran status, age or any other legally protected category or status in accordance with applicable federal, state and local laws. Man Group is a Disability Confident Committed employer; if you require help or information on reasonable adjustments as you apply for roles with us, please contact TalentAcquisition@man.com.