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Maven Verified

Trader - Index Rolls and Rates

Chicago, ILOnsiteFull TimePosted 11 days agoVisa sponsorship available

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Required skills

  • Index Rolls
  • Rates
  • Term-structure
  • P&L opportunities
  • Risk ownership
  • Strategy responsibility
  • Fast-moving
  • Opportunistic trading
  • Analytical skills
  • Research capabilities

Nice to have

  • Python
  • SQL
  • Platform improvements
  • Broader rolls/rates trading capability

Role summary

Maven, a proprietary trading firm, seeks an ambitious Index Rolls Trader for its Options Market Making team in Chicago. The role involves managing rates and rolls across expiries, identifying P&L opportunities, and improving trading setups. Candidates should have 2-5 years of experience in index rolls and rates trading, a strong understanding of options markets, and a commercial trading mindset with risk ownership appetite. Familiarity with Python and SQL is preferred. This is an onsite, full-time position with competitive compensation and benefits.

Maven is a market-leading, employee-owned proprietary trading firm deploying internal capital across discretionary, systematic, and market-making strategies. We differentiate ourselves by exclusively managing our own capital, delivering exceptional returns on equity since inception, and preserving an entrepreneurial, highly collaborative culture.

THE ROLE

We are looking for an ambitious and proactive Index Rolls Trader to join our Options Market Making team in Chicago. The eligible candidate will have extensive experience trading index rolls and rates, initially across the S&P index complex and potentially other indices later. The role will suit candidates that have had experience in managing rates and rolls across front and back expiries.

RESPONSIBILITIES

  • Manage rates and rolls across front and back expiries, absorbing the risks from the option operation.
  • Improve the existing trading and hedging setup.
  • Identify and trade P&L opportunities arising from rolls, rates and flow.
  • Take end-to-end ownership of the space
  • Work with developers where modest platform improvements are required.
  • Potentially help develop a broader rolls/rates trading capability over time.
  • CANDIDATE SPECIFICATIONS

  • Strong on index rolls, rates and term-structure exposure
  • Able to identify P&L opportunities, not just hedge risk
  • Capable of working with traders and developers
  • Interested in building something rather than joining a fully mature desk
  • 2–5 years’ experience trading index rolls
  • Strong understanding of options markets
  • Commercial trading mindset with appetite for risk ownership and strategy responsibility
  • Strong interest and ability to operate in a fast-moving, opportunistic trading environment
  • Strong analytical skills and research capabilities
  • Familiarity with Python and SQL or similar programming and database languages
  • WHAT WE OFFER

  • A fast-growing global firm with plenty of opportunities where you will have a significant impact
  • Competitive compensation package
  • Annual discretionary bonus
  • Enhanced annual leave allowance after 2+ years’ service
  • 25 days’ annual leave (plus public holidays)
  • Private healthcare and life assurance
  • Monthly company events and social activities
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