Quantitative Researcher (Ph.D.) - 2027 Graduate Program - (August Start)

About the role

Join Old Mission as a Quantitative Researcher (Ph.D.) in Chicago, focusing on developing and enhancing derivative pricing models for volatility-based products. Collaborate with traders and contribute to options research and model innovation.

Responsibilities

• Develop and implement advanced derivative pricing models for equity volatility products.
• Evaluate and improve existing options pricing models for accuracy and stability.
• Create resilient alternative pricing models and new parameterizations for volatility surfaces.
• Build options-specific research infrastructure and Python libraries.
• Analyze market data and microstructure to identify trading patterns.
• Collaborate with traders to develop new tools and generate research ideas.

Required Skills

• Master's or Ph.D. in quantitative disciplines like computer science, physics, or mathematics.
• Expertise in derivatives and volatility modeling, including equity and index products.
• Proficient in Python and C++ programming languages.
• Strong written and verbal communication skills in a fast-paced environment.
• Team-oriented problem solver with passion for financial markets.
• Highly organized, detail-oriented, and able to manage multiple tasks concurrently.

Benefits and Perks

• Fully paid medical, dental, vision, disability, and life insurance.
• Free breakfast and lunch daily with a fully stocked kitchen.
• Tuition reimbursement program available.
• 401(k) plan with employer match.
• Paid vacation, sick, and parental leave.
• Commuter and flexible spending programs offered.

Compensation

• Base salary range: $175,000 - $250,000, depending on skills and experience.
• Includes discretionary bonus and comprehensive benefits package.