Derivatives Trader - Electronic Market Making

Pay: $150,000.00 - $185,000.00 per year

Why This Is a Great Opportunity

• Own real PnL and risk on live derivatives books at a high-performance proprietary trading firm.
• Run and refine electronic market-making strategies in some of the worlds most competitive markets.
• Work side-by-side with other experienced traders, quants, and technologists in a tight-knit, collaborative team.
• Direct impact on strategy design, risk, and long-term edgenot just button clicking.
• Competitive base salary, strong upside through performance bonuses, and relocation support to Chicago.

Location

• On-site in Chicago, IL on a fast-paced trading floor, with deep collaboration across trading, research, and technology teams.

Note

• You must have at least 2 years of derivatives trading experience with direct PnL and risk responsibility, plus 2+ years operating electronic market-making software, and be willing to work on-site in Chicago.

About Our Client Our client is a Chicago-based proprietary trading firm focused on building high-performance automated trading systems for global derivatives markets. Founded in 2011, they compete every day in complex, fast-moving markets and believe the financial markets are the ultimate arena for curious, driven, and innovative people. They value low bureaucracy, deep collaboration, and a relentless drive to learn, improve, and win together.

Job Description

• Own, maintain, and grow revenue streams for one or more derivatives products on the trading desk.
• Take full responsibility for risk and PnL, making critical, time-sensitive trading decisions in real time.
• Operate and refine electronic market-making software, ensuring strategies perform robustly across market regimes.
• Collaborate closely with team leads, other traders, quants, and risk managers to improve trading systems and operations.
• Identify and implement systemic improvements to trading strategies, tools, and workflows to maintain competitiveness.
• Monitor positions, market conditions, and risk exposures throughout the trading day and adjust as needed.
• Provide feedback on model behavior, execution quality, and system performance to research and technology teams.
• Contribute to idea generation around new products, strategies, and markets aligned with the firms risk framework.

Qualifications

• 2+ years of derivatives trading experience with direct ownership of PnL and risk.
• 2+ years of experience operating electronic market-making software in exchange-traded derivatives.
• Strong ability to assess and manage risk in a derivatives portfolio across products and market conditions.
• Deep interest in financial markets and a genuine passion for trading.
• Strong math and numerical aptitude, comfortable with quantitative concepts.
• Relentless desire to improve and refine strategies, processes, and personal performance.
• Entrepreneurial mindset with a tenacious, proactive approach to problem solving.
• Keen attention to detail and a willingness to dig into complex issues.
• Quantitative analysis skills are a plus; advanced degrees are preferred but not required.
• Ability to work on-site full time in the Chicago office.

Why Youll Love Working Here

• Competitive base salary with meaningful performance-based bonus potential.
• Top-tier medical and dental coverage, along with other core benefits.
• Relocation assistance package available for candidates moving to Chicago.
• Generous vacation policy plus ongoing training and continuing education opportunities.
• Daily catered lunch, snacks, and beverages provided.
• Regular group outings, company events, and a casual dress environment.
• High-trust, low-politics culture where strong performance and smart risk-taking are rewarded.

JPC-516

Job Type: Full-time

Benefits:

• Dental insurance
• Paid time off
• Retirement plan
• Vision insurance

Requirements: Must have 2+ yrs of exp in derivatives trading. Must be a US citizen. Relocation- [yes]. Packages - [yes]

Submissions Name / Submit to their ATS portal [HERE] (only submit to portal). Jon, to follow up: Charles: [email protected]

Quick Recruiter Reference (Internal Summary)

Prop trading firm in Chicago hiring a Derivatives Trader to own PnL and risk on one or more products, operating electronic market-making software and driving systemic strategy improvements. Needs 2+ years derivatives trading with PnL responsibility and 2+ years using electronic MM systems, plus strong risk management instincts and passion for markets. On-site in Chicago; base likely below Senior Derivatives Trader (180k–207k) with strong bonus upside, relocation supported.

Recruiters Submission: To submit, cancel - Derivatives Trader – Electronic Market Making - Valkyrie Trading - JPC 516 - Source

**New Job Order Alert**

• Client job title: Derivatives Trader – Electronic Market Making

• Location: Chicago, IL

• On-site, hybrid, remote: On-site

• Experience: 2

• Good fit job titles/keywords for candidates: Derivatives Trader, Options Trader, Futures Trader, Volatility Trader, Market Maker, Electronic Trading Trader, Prop Trader, Options Market Maker, Delta One Trader, Systematic Trader

• # of hires needed: 1

• Open or not to recruiters on TE: YES