FAQs
What is the primary focus of the Junior Trader position at DV Trading?
The primary focus is to work alongside senior interest rate derivative traders, specifically concentrating on STIR options and gaining expertise in proprietary methodologies and grey-box market making strategies.
What qualifications are required for the Junior Trader role?
Candidates should have a strong work ethic, be detail-oriented and organized, possess a strong interest in trading and interest rate derivatives, and have a solid understanding of math, probability, and statistics. Proficiency in Excel, VBA, Python, and statistical modeling is also essential.
What types of tasks will I be responsible for in this position?
Responsibilities include building and maintaining trading models, setting a Vol surface, conducting scenario analysis, managing expiration risk, liaising with brokers, and gaining in-depth product knowledge across rates, particularly in relation to central bank policies.
Is prior trading experience necessary for this role?
While prior trading experience is not explicitly listed as a requirement, a strong interest in trading and the requisite analytical skills are essential for success in the role.
What opportunities for growth and learning does this position offer?
This position provides opportunities to learn from senior traders, develop proprietary methodologies, gain experience in market making strategies, and acquire in-depth knowledge of interest rate derivatives and associated risks.
What is the company culture like at DV Trading?
DV Trading prides itself on being an equal opportunity employer and is committed to fostering an inclusive environment for all employees, emphasizing teamwork, a strong work ethic, and continuous learning.
Are there any specific software skills required for this position?
Yes, proficiency in Excel, VBA, Python, and statistical modeling is required for the Junior Trader role.
Will I be working independently or as part of a team?
You will be working as part of a team, closely collaborating with senior traders and maintaining relationships with brokers.
What is the work environment like for Junior Traders at DV Trading?
The work environment is fast-paced and high-pressure, requiring the ability to learn quickly and multitask effectively.
How does DV Trading support career development for Junior Traders?
DV Trading supports career development through on-the-job training, mentorship from senior traders, and opportunities to develop trading strategies and products.