Apply on Employer Site

Selby Jennings · 1 week ago

Options Market Making Quantitative Researcher

New York, NY

Full-time

Onsite

Mid, Senior Level

$180K/yr - $220K/yr

3+ years exp

Selby Jennings is a global proprietary trading firm expanding into the U.S. market, focusing on high-frequency equity options market-making. They are seeking a Quantitative Researcher to design and deploy strategies, collaborate with teams, and contribute to the development of volatility models.

BankingEmploymentRecruiting

Hiring Manager

Mike Madsen

Responsibilities

Volatility Surface Modeling: Design and calibrate models for implied volatility surfaces across single-stock, index, and ETF options; productionize models for multi-market deployment

Execution & Monetization: Work with execution teams to monetize signals through optimal trade scheduling and routing; develop and refine execution strategies for options trading

Collaborate with developers to integrate models into backtesting and live trading systems

Design hedging frameworks and monitor real-time risk

Analyze performance and contribute to continuous strategy improvements

Qualification

Options tradingVolatility modelingOptions pricingMarket microstructurePythonC++Risk monitoringPerformance analysisCollaboration

Required

3-5 years of experience in options trading or volatility modeling

Strong understanding of options pricing and market microstructure

Hands-on experience with volatility models (e.g., SVI, SABR, GARCH)

Solid programming skills in Python and C++

Advanced degree in a quantitative field (Math, Physics, Computer Science, etc.)

Preferred

QR or QD at an HFT or market-making firm for U.S. single-stock or ETF options

Currently working in a global investment bank's market-making group on index or single-stock volatility desks, with experience designing and fitting volatility surfaces