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Options trader

London
ALT Fund
Options trader
£100,000 - £150,000 a year
Posted: 2 October
Offer description

We are a prop-trading company that combines the agility of a startup with the resources of a high-performing fund. Our team is focused on developing cutting-edge strategies, and working with us means not just advancing technology, but also being part of a team where ideas are valued, professional growth is encouraged, and every member has the opportunity to unlock their full potential.

We are seeking an experienced Options Trader with a strong background in commodities, particularly metals and alternative assets.

What You'll Be Doing:

* Designing and implementing options strategies on commodities and alternative assets, including spreads, volatility structures, and bespoke hedging constructions.
* Investigating pricing anomalies and volatility shifts, and developing unconventional exposures and actionable ideas via listed and OTC instruments.
* Building internal libraries for Greeks analysis, options portfolio modeling, stress testing, and scenario analysis.
* Guiding junior quant researchers and serving as a mentor on complex derivatives trading topics.
* Monitoring global developments in metallurgy, commodity supply chains, and related macro factors — including demand/supply, regulatory changes, and more.


Requirements


Experience:

* 7+ years in commodity trading, options trading, or structured products.
* Experience working with precious/industrial metals and alternative commodities (e.g. uranium, carbon credits).
* Proven track record in developing non-standard hedging strategies or alpha-generating structures.
* Close collaboration with risk and compliance teams to build non-vanilla exposures.

Skills & Education:

* Deep knowledge of option theory: volatility surfaces, exotic options, stochastic volatility models.
* Solid understanding of commodity pricing mechanics, seasonality, storage dynamics, and term structure.
* Ability to construct and analyze option strategies such as butterflies, risk reversals, and term spreads.
* Hands-on experience with volatility modeling: SABR, Heston, local volatility models.
* Proficiency with tools such as Bloomberg/Reuters, Python, etc.
* Strong skills in risk and Greeks management, live PnL attribution, and scenario analysis.
* Master's degree or PhD in a quantitative field (Physics, Mathematics, Computer Science, or a related discipline).
* Language: Russian, English.

Nice to have:

* Experience with C++ or Rust.
* Knowledge of ML/DL/RL (Machine Learning, Deep Learning, Reinforcement Learning).
* Ability to communicate technical ideas clearly to both technical and non-technical stakeholders.


Benefits

* Culture of Innovation: An open, dynamic, and inclusive environment where your ideas matter.
* Flexibility & Impact: Enjoy the freedom of a startup with the backing of a well-resourced fund.
* High Impact: Work directly on projects that shape strategies and drive the fund's success.
* 35 Days of Vacation – Plenty of time to rest and recharge.
* 100% Paid Sick Leave – Recover without financial worries.
* Top-Tier Equipment – Choose the tools that suit you best (within budget).
* Corporate Psychologist – Mental health support when you need it.

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