Systematic Quantitative Researcher - PhD

<div class="content-intro"><p>Chicago Trading Company (CTC) is a premier proprietary trading firm specializing in options market making. &nbsp;Our collaborative culture fuels innovation in quantitative research, systematic trading strategies, and cutting-edge trading technology. &nbsp;For over three decades CTC has provided critical liquidity across derivatives exchanges worldwide - making them fairer, more transparent, and more efficient.</p> <p>We strive to be the most innovative firm in the industry today, tomorrow, and long into the future while upholding ethical excellence. We believe that CTC makes a positive impact on the markets, the lives of our employees, and all the communities to which we belong. Started in 1995 by a team of forward-thinking Traders, we are proud to call ourselves an industry leader that keeps making markets and each other better.</p></div><p><strong><span style="font-family: arial, helvetica, sans-serif;"><span data-contrast="auto">The Role</span></span></strong></p> <p><span style="font-family: arial, helvetica, sans-serif;"><span data-contrast="auto">Quantitative research is a key driver of innovation at CTC and one of the pillars upon which our firm is built. As a Quantitative Researcher, you’ll operate near the tip of the spear in a collaborative, dynamic environment.</span><span data-contrast="auto"> This includes close partnership with other researchers, traders, and engineers on quantitative problem-solving, trading strategy generation, back-testing, statistical analysis, and system design. Our environment of collaborative innovation and intellectual curiosity allows us to share in our victories while continually challenging ourselves to stretch the limits of our creativity. </span><span data-contrast="auto">Take advantage of this opportunity to apply the scientific method to business problems as part of one of our Quant teams at CTC!</span><span data-ccp-props="{}">&nbsp;</span></span></p> <p><span style="font-family: arial, helvetica, sans-serif;"><span data-contrast="auto">We prioritize team matching at the outset of our hiring process, thoughtfully considering which of our two teams (Vol Overlay or Delta Force) offers the best fit for each candidate’s strengths and interests while also aligning to the firm’s highest priority needs.</span><span data-ccp-props="{}">&nbsp;</span></span></p> <p><span style="font-family: arial, helvetica, sans-serif;"><strong><span data-contrast="auto">What We’re Looking For </span></strong><span data-contrast="auto"> </span><span data-ccp-props="{}">&nbsp;</span></span></p> <p><span style="font-family: arial, helvetica, sans-serif;"><span data-contrast="auto">We are seeking a Quantitative Researcher who can seamlessly blend academic rigor with practical application in our fast-paced trading environment.</span><span data-contrast="auto"> This individual will partner with our Trading and Technology teams to strengthen, scale, and evolve the firm's trading capabilities. </span><span data-contrast="auto">The ideal candidate will possess a unique combination of analytical prowess, programming skills, and eye for business, driving innovation and results in quantitative finance.</span><span data-ccp-props="{}">&nbsp;</span></span></p> <p><span style="font-family: arial, helvetica, sans-serif;"><strong><span data-contrast="auto">Responsibilities</span></strong><span data-ccp-props="{}">&nbsp;</span></span></p> <ul> <li style="font-family: arial, helvetica, sans-serif;"><span style="font-family: arial, helvetica, sans-serif;"><span data-contrast="auto">Analyze market data to come up with economic and microstructure hypotheses</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559740&quot;:240}">&nbsp;</span></span></li> <li style="font-family: arial, helvetica, sans-serif;"><span style="font-family: arial, helvetica, sans-serif;"><span data-contrast="auto">Build predictive and explanatory models to describe financial markets</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559740&quot;:240}">&nbsp;</span></span></li> <li style="font-family: arial, helvetica, sans-serif;"><span style="font-family: arial, helvetica, sans-serif;"><span data-contrast="auto">Add revenue by applying thorough research processes to real life business problems</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559740&quot;:240}">&nbsp;</span></span></li> <li style="font-family: arial, helvetica, sans-serif;"><span style="font-family: arial, helvetica, sans-serif;"><span data-contrast="auto">Contribute to ongoing improvement of research and trading infrastructure</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559740&quot;:240}">&nbsp;</span></span></li> </ul> <p><span style="font-family: arial, helvetica, sans-serif;"><strong><span data-contrast="auto">Qualifications</span></strong><span data-ccp-props="{}">&nbsp;</span></span></p> <ul> <li style="font-family: arial, helvetica, sans-serif;"><span style="font-family: arial, helvetica, sans-serif;"><span data-contrast="auto">PhD in Science or Engineering fields (e.g. Statistics, Mathematics, Applied Mathematics, or Operations Research)</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559740&quot;:240}">&nbsp;</span></span></li> <li style="font-family: arial, helvetica, sans-serif;"><span style="font-family: arial, helvetica, sans-serif;"><span data-contrast="auto">Proven ability to conduct independent, high-quality research</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559740&quot;:240}">&nbsp;</span></span></li> <li style="font-family: arial, helvetica, sans-serif;"><span style="font-family: arial, helvetica, sans-serif;"><span data-contrast="auto">Exceptional ability to communicate complex ideas and research results, both in writing and verbally</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559740&quot;:240}">&nbsp;</span></span></li> <li style="font-family: arial, helvetica, sans-serif;"><span style="font-family: arial, helvetica, sans-serif;"><span data-contrast="auto">Unwavering commitment to quality, coupled with a drive for delivering commercial outcomes.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559740&quot;:240}">&nbsp;</span></span></li> <li style="font-family: arial, helvetica, sans-serif;"><span style="font-family: arial, helvetica, sans-serif;"><span data-contrast="auto">Demonstrated expertise in applying quantitative modeling techniques to large, complex datasets</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559740&quot;:240}">&nbsp;</span></span></li> <li style="font-family: arial, helvetica, sans-serif;"><span style="font-family: arial, helvetica, sans-serif;"><span data-contrast="auto">Strong track record of publications in an industry setting</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559740&quot;:240}">&nbsp;</span></span></li> <li style="font-family: arial, helvetica, sans-serif;"><span style="font-family: arial, helvetica, sans-serif;"><span data-contrast="auto">Advanced Python programming skills</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559740&quot;:240}">&nbsp;</span></span></li> </ul> <p><span style="font-family: arial, helvetica, sans-serif;"><strong><span data-contrast="auto">Nice to Have</span></strong><span data-ccp-props="{}">&nbsp;</span></span></p> <ul> <li style="font-family: arial, helvetica, sans-serif;"><span style="font-family: arial, helvetica, sans-serif;"><span data-contrast="auto">Proficiency in C++&nbsp;</span></span></li> <li style="font-family: arial, helvetica, sans-serif;"><span style="font-family: arial, helvetica, sans-serif;"><span data-contrast="auto">Experience in financial markets</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559740&quot;:240}">&nbsp;</span></span></li> <li style="font-family: arial, helvetica, sans-serif;"><span style="font-family: arial, helvetica, sans-serif;"><span data-contrast="auto">Experience using NumPy and Pandas libraries</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559740&quot;:240}">&nbsp;</span></span></li> <li style="font-family: arial, helvetica, sans-serif;"><span style="font-family: arial, helvetica, sans-serif;"><span data-contrast="auto">Experience with the software development lifecycle</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559740&quot;:240}">&nbsp;</span></span></li> </ul> <p>&nbsp;</p><div class="content-pay-transparency"><div class="pay-input"><div class="description"><p><strong>Compensation</strong></p> <p>The salary range for this role is listed below. This role is also eligible for an annual discretionary bonus. The discretionary bonus will be dependent upon the individual’s skills, experience, qualifications, and firm performance.&nbsp;</p></div><div class="title">Salary Range</div><div class="pay-range"><span>$175,000</span><span class="divider">&mdash;</span><span>$200,000 USD</span></div></div></div><div class="content-conclusion"><p></p> <p><span style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><strong>Our Commitment to Diversity, Equity and Inclusion</strong></span></p> <p><span style="font-family: helvetica, arial, sans-serif; font-size: 12pt;">At CTC, we aim to cultivate a workplace that celebrates diversity and each person feels included, engaged and empowered. Where each of us feels we belong. We are committed to having a diverse workforce and are proud to be an equal opportunity employer. CTC does not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment.&nbsp;</span></p> <p><span style="font-family: helvetica, arial, sans-serif; font-size: 12pt;">If you have a disability and believe you need a reasonable accommodation in order to search for a job opening or to apply for a position, please contact us at info@chicagotrading.com. Note that emails sent to this email account for non-disability related issues, such as following up on an application, will not receive a response.</span></p> <p><strong><span style="font-size: 12pt;">Use of Artificial Intelligence (AI)</span></strong></p> <p><span style="font-size: 12pt;">Information submitted by job applicants may be subject to review and analysis by automated systems, including Artificial Intelligence (AI), as part of the recruitment process. Such systems are utilized to enhance the efficiency and effectiveness of our hiring procedures. Applicants are advised that any information provided may be evaluated by AI tools to ensure an equitable and thorough assessment.</span></p> <p></p> <p>&nbsp;</p></div>