Senior Macro Options Trader/Quantitative Risk Analytics
About The Position
The Senior Macro Options Trader / Quantitative Risk Analytics will play a critical role in US Bank’s Global Capital Markets Macro business, responsible for market-making, pricing, and risk management across options and related derivatives products. This position supports client-driven activity by executing and hedging options transactions, optimizing risk-adjusted returns, and risk management - contributing to overall desk strategy. The individual will operate within a fast-paced environment, collaborating closely with sales, research, and risk partners to deliver best‑in-class solutions to institutional clients.
Requirements
- FINRA Series 7 and 63, NFA Associated Persons designation are required.
- Bachelor’s degree in Finance, Economics, Mathematics, Engineering, or related quantitative field.
- Significant experience (7+ years) trading macro options or related derivatives in a global markets environment.
- Proven track record in market-making, options pricing, and managing a complex derivatives book.
- Practical knowledge of SABR (Stochastic Alpha Beta Rho) and SLV (Stochastic Local Vol) models a must
- Strong quantitative and analytical skills with deep understanding of implied volatility, yield curves, and macroeconomic drivers.
- Excellent communication, decision-making, and risk management abilities.
- Demonstrated ability to thrive in a fast-paced, client-centric environment.
Nice To Haves
- Advanced quantitative degree
Responsibilities
- Trading & Market-Making Provide daily market-making services in macro options and related derivatives products (e.g., interest rate options, cross‑asset macro options, volatility products).
- Price and execute client transactions efficiently while ensuring adherence to market, regulatory, and internal risk standards.
- Manage and hedge complex options books, optimizing exposures to maximize profitability.
- Risk Management Continuously monitor and manage trading positions, assessing market, liquidity, and counterparty risks.
- Execute hedging strategies to maintain balanced risk profiles while supporting client needs and revenue objectives.
- Partner with risk management teams to ensure compliance with trading limits, stress testing requirements, and control frameworks.
- Client Engagement & Collaboration Work closely with Sales to support institutional clients, providing insights on pricing, market color, and strategy.
- Contribute to product development, pricing enhancements, and tailored macro solutions.
- Collaborate with research analysts and strategy teams to incorporate macroeconomic trends and data signals into trading and risk management decisions.
- Analytics, Tools & Strategy Maintain expertise with trading models and quantitative tools used for pricing and risk assessment.
- Provide input into desk-level strategies, identifying opportunities arising from market structure, volatility dynamics, and macroeconomic shifts.
- Support enhancements to systems, analytics, and automation initiatives.
Benefits
- Healthcare (medical, dental, vision)
- Basic term and optional term life insurance
- Short-term and long-term disability
- Pregnancy disability and parental leave
- 401(k) and employer-funded retirement plan
- Paid vacation (from two to five weeks depending on salary grade and tenure)
- Up to 11 paid holiday opportunities
- Adoption assistance
- Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
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What This Job Offers
Job Type
Full-time
Career Level
Senior
