Tower Research Capital LLC

Senior Options Quantitative Researcher

New York, Chicago · Senior

Sponsorship not specified$120k-$180kDetected 282 days ago

PythonC++Machine LearningValuationFPGAResearchMentoring

About the role

We have a 25+ year track record of innovation and a reputation for discovering unique market opportunities.
Tower is home to some of the world's best systematic trading and engineering talent.
Our engineers solve challenging problems in the realms of low-latency programming, FPGA technology, hardware acceleration and machine learning.

Developing options pricing and risk models
Collaborating with other traders and quantitative researchers to optimize existing strategies
We empower portfolio managers to build their teams and strategies independently while providing the economies of scale that come from a large, global organization.
Engineers thrive at Tower while developing electronic trading infrastructure at a world class level.
Our Business Support teams enable our trading and engineering teams to perform at their best.
Tower's headquarters are in the historic Equitable Building, right in the heart of NYC's Financial District and our impact is global, with over a dozen offices around the world.

3+ years of experience in a quantitative research role with a focus on options pricing, volatility surfaces, and risk management
Experience in researching predictive volatility alphas over various time horizons
Understanding of the practical considerations required in implementing and executing trading signals
Expertise in detailed implementations of numerical pricing for American options
Ability to work with large multi-faceted datasets
Relevant programming experience, preferably in Python and/or C++
Passion and drive to take a leading role in a growing options business
Excellent attention to detail

Anticipated New York annual base salary range $120,000-180,000, plus eligible for discretionary bonus

Generous paid time off policies
Savings plans and other financial wellness tools available in each region
In-office wellness experiences and reimbursement for select wellness expenses (e.g., gym, personal training and more)
Company-sponsored sports teams and fitness events (JPM Corporate Challenge, Cycle for Survival, Wall Street Rides FAR and more)
Workshops and continuous learning opportunities
Our benefits include:

Tower Research Capital is a leading quantitative trading firm founded in 1998.
Tower has built its business on a high-performance platform and independent trading teams.
Our ongoing investment in top engineering talent and technology ensures our platform remains unmatched in terms of functionality, scalability and performance.
Our Business Support teams are essential to building and maintaining the platform that powers everything we do - combining market access, data, compute, and research infrastructure with risk management, compliance, and a full suite of business services.
At Tower, we believe work should be both challenging and enjoyable.

This listing is sourced directly from Tower Research Capital LLC's careers page and normalized into a canonical job model.