Trader - Index Rolls and Rates at Maven (Chicago, IL)
Maven· Chicago, IL·
Job description
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
Why work at Maven
- High-Impact Environment: Work directly with internal capital on sophisticated trading strategies, with a flat structure that values autonomy and ownership.
- Technology-Driven Culture: A strong emphasis on engineering and technology as core to the business, offering challenging roles in C++, Python, FPGA, and platform engineering.
- Global Opportunities: With offices in London, New York, Chicago, Amsterdam, Hong Kong, and Monaco, there are opportunities for international mobility and exposure to global markets.
- Strong Compensation: Competitive compensation is implied by the firm's ability to attract talent from top-tier firms like Jane Street, Optiver, and Goldman Sachs linkedin.com.
- Values-Driven: The firm explicitly values integrity, humility, creativity, and discipline, aiming to balance bold ambition with a modest and supportive culture mavensecurities.com.
- Work Policy: Likely hybrid/office-based given the nature of trading (roles in Chicago, London, Amsterdam, New York, and Hong Kong are clearly location-specific).
- Employee Rating: 4.1/5.0 on LinkedIn (108 reviews), with high marks for Work-Life (3.9), Compensation (3.8), and Culture (3.5) linkedin.com.