Securitized Products Trader

Rothesay

Rothesay is the UK’s largest pensions insurance specialist, purpose-built to protect pension schemes and their members’ pensions. With over £69 billion of assets under management, we secure the pensions of nearly one million people and pay out, on average, approximately £350 million in pension payments each month. Rothesay is dedicated to providing excellence in customer service alongside prudent underwriting, a conservative investment strategy and the careful management of risk. We are trusted by the pension schemes of some of the UK’s best known companies to provide pension solutions, including British Airways, Cadbury’s, the Civil Aviation Authority, the Co-Operative Group, National Grid, NatWest, Morrisons and Telent. At Rothesay, we are striving to transform our industry. We believe deeply in creating real security for the future and our leadership in finding new and better ways to do that is the key to our success. To do that, we need the very brightest original thinkers to bring creativity as well as rigour. Rothesay is a rewarding place to work, where quality people can thrive and prosper. We pride ourselves on the connections our people build, many of whom have been with us for over ten years.    Responsibilities: Strategists (Strats) occupy the intersection of finance, markets, maths, and programming.  In our daily work, we work closely with traders and structuring teams, analysing trades and asset origination opportunities for execution and ongoing management. This emphasis on advanced financial mathematics and a highly analytical approach as an integral part of the risk management at Rothesay distinguishes the firm from many of its competitors. In general, we are looking for smart, quantitative, commercial, problem-solving-oriented, “get-things-done” candidates with the skills to deliver robust, high-performance software and quantitative analyses and with either experience in financial markets or a keen interest to learn about them. The successful candidate will be focused on improving the pricing and risk management of Rothesay’s assets including fixed income bonds, RMBS and other ABS, commercial real estate loans, residential mortgages, and equity release mortgage securitisations, and on the development of models and systems for new asset types. Skills & Experience Required: * Advanced quantitative skills (typically evidenced by a degree in maths, physics, computer science, engineering, etc.) * Excellence in applied programming skills - Python, C, C++ or other major languages. * Experience in creating and validating pricing and/or risk models for use in a financial services organisation  Preferred: * Knowledge of financial mathematics and stochastic calculus. * Experience of risk management or pricing models for securitized products * Understanding of Fixed Income products and derivatives.    Disclaimer This position description is intended to describe the duties most frequently performed by an individual in this position. It is not intended to be a complete list of assigned duties, but to describe a position level.  The role shall be performed within a professional office environment. Rothesay has health and safety polices that are available for all workers upon request.  There are no specific health risks associated with the role.   Inclusion Rothesay actively promotes diversity and inclusivity. We know that our success depends on our people and that by nurturing a culture that values difference, we create a stronger, more dynamic business. We welcome applications from all qualified candidates, regardless of race, colour, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability or age.

Maven Securities

Maven is a market-leading proprietary trading firm deploying its own capital across discretionary, systematic, and market-making strategies. Backed by deep expertise in trading, technology, and research, we are relentlessly focused on improving liquidity across global listed derivatives. Through advanced execution and pricing technologies, we improve how financial markets operate. THE ROLE We are looking for an ambitious and proactive Equity Options Quant Trader to join our Vol Alpha Trading Team. This is a full-cycle quant trader position within a semi-systematic desk that specialises in statistical arbitrage relative value volatility,  flow-aware volatility position taking, and opportunistic dispersion trades across global equity volatilities, with a current emphasis on US equity options. The team runs an investment operation focusing on informed position taking combining statistical information and market flows observations. The successful candidate will play a key role in the desk’s day to day operation and future evolution as it expands its volatility strategies set as well as broader operation capabilities across products. The role will suit candidates with quantitative research or trading experience as part of a large volatility desk who want to transition into a more hands-on buy side risk-taking role which deploy statistical methods to extract alpha while having full understanding on what is driving an alpha’s performance. The successful candidate will experience an end-to-end investment process from market intuition, alpha discovery, to trade execution, which translates to a potential heavy contribution to the desk’s success and take meaningful ownership in PnL. RESPONSIBILITIES * Monitor and rationalise market flow to identify pricing dislocations * Analyse and interpret other market participants’ positionings to identify trading opportunities * Conduct research and backtests on pricing and structuring volatility curve, term structure, relative value and dispersion trades * Contribute to new alpha discovery through a combination of market dynamics observations and quantitative research toolings * Active participation in trading and risk-managing an extensive equity options portfolio as part of a team * Active participation in the desk’s future build-out into a bigger set of alpha and systematic strategies * Full end-to-end investment cycle from intuition, research, to execution * Collaboration with infrastructure and development teams to optimise electronic trading execution and minimise dependencies CANDIDATE SPECIFICATIONS * 2–5 years’ experience in US equity options quantitative research or trading. Experience from a major vol desk is a plus (bank, or multi-strategy hedge fund preferred) * Strong understanding of options markets, volatility, and equity derivatives * Exposure to or strong interest in volatility relative value, volatility carry, term structure and path, or dispersion strategies * Commercial trading mindset with appetite for risk ownership and strategy responsibility * Strong interest and ability to operate in a fast-moving, opportunistic trading environment * Strong analytical skills and research capabilities * Familiarity with Python and SQL or similar programming and database languages WHAT WE OFFER * A fast-growing global firm with plenty of opportunities where you will have a significant impact * Competitive compensation package * Annual discretionary bonus * Group pension plan * Enhanced annual leave allowance after 2+ years’ service * 25 days’ annual leave (plus public holidays) * Fully catered breakfast, lunch, and snacks prepared by an in-house chef * Private healthcare and life assurance * On-site private gym with instructor-led classes including boxing, yoga, and more * Monthly company events and social activities

Maven Securities

Maven is a market-leading proprietary trading firm deploying its own capital across discretionary, systematic, and market-making strategies. Backed by deep expertise in trading, technology, and research, we are relentlessly focused on improving liquidity across global listed derivatives. Through advanced execution and pricing technologies, we improve how financial markets operate. THE ROLE: We are looking for ambitious and proactive Options Market Makers with a proven profit / risk management history to be a part of our expanding trading desk. The eligible candidate must be willing to trade a variety of instruments to help expand the expansion of our US office in Chicago.  RESPONSIBILITIES * Day-to-day responsibility of the options book * Rigorous risk management and perfect compliance with regulatory rules * Improving strategies through analysis, prototyping and collaboration with developers * Proactive behavior in helping other books achieve their goals through observation and analysis of trading behavior * Designing and implementing new trading strategies * Openness to trading new products and willingness to set them up * To comply with all applicable Compliance policies, procedures, laws and regulations. CANDIDATE SPECIFICATIONS: * Prior options trading experience * Successful track record of proven P&L and market share * Good understanding of trading systems * Outstanding numerical and analytical skills * Familiarity with automated options trading strategies and an interest in their development * Proactive interest in improving existing trading strategies and identifying new opportunities * Ability to take a high level of responsibility in an expanding, highly successful firm * Excellent attention to detail * Fast problem solving skills * Embodiment of Maven’s core values: Integrity and fairness, market leading, creativity, individual and collective success, discipline and accountability * Programming skills (desirable)