Derivatives Trader - Electronic Market Making Job at Orion Placement, Chicago, IL

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  • Orion Placement
  • Chicago, IL

Job Description

Pay: $150,000.00 - $185,000.00 per year

Why This Is a Great Opportunity

  • Own real PnL and risk on live derivatives books at a high-performance proprietary trading firm.
  • Run and refine electronic market-making strategies in some of the world’s most competitive markets.
  • Work side-by-side with other experienced traders, quants, and technologists in a tight-knit, collaborative team.
  • Direct impact on strategy design, risk, and long-term edge—not just “button clicking.”
  • Competitive base salary, strong upside through performance bonuses, and relocation support to Chicago.

Location

  • On-site in Chicago, IL on a fast-paced trading floor, with deep collaboration across trading, research, and technology teams.

Note

  • You must have at least 2 years of derivatives trading experience with direct PnL and risk responsibility, plus 2+ years operating electronic market-making software, and be willing to work on-site in Chicago.

About Our Client Our client is a Chicago-based proprietary trading firm focused on building high-performance automated trading systems for global derivatives markets. Founded in 2011, they compete every day in complex, fast-moving markets and believe the financial markets are the ultimate arena for curious, driven, and innovative people. They value low bureaucracy, deep collaboration, and a relentless drive to learn, improve, and win together.

Job Description

  • Own, maintain, and grow revenue streams for one or more derivatives products on the trading desk.
  • Take full responsibility for risk and PnL, making critical, time-sensitive trading decisions in real time.
  • Operate and refine electronic market-making software, ensuring strategies perform robustly across market regimes.
  • Collaborate closely with team leads, other traders, quants, and risk managers to improve trading systems and operations.
  • Identify and implement systemic improvements to trading strategies, tools, and workflows to maintain competitiveness.
  • Monitor positions, market conditions, and risk exposures throughout the trading day and adjust as needed.
  • Provide feedback on model behavior, execution quality, and system performance to research and technology teams.
  • Contribute to idea generation around new products, strategies, and markets aligned with the firm’s risk framework.

Qualifications

  • 2+ years of derivatives trading experience with direct ownership of PnL and risk.
  • 2+ years of experience operating electronic market-making software in exchange-traded derivatives.
  • Strong ability to assess and manage risk in a derivatives portfolio across products and market conditions.
  • Deep interest in financial markets and a genuine passion for trading.
  • Strong math and numerical aptitude, comfortable with quantitative concepts.
  • Relentless desire to improve and refine strategies, processes, and personal performance.
  • Entrepreneurial mindset with a tenacious, proactive approach to problem solving.
  • Keen attention to detail and a willingness to dig into complex issues.
  • Quantitative analysis skills are a plus; advanced degrees are preferred but not required.
  • Ability to work on-site full time in the Chicago office.

Why You’ll Love Working Here

  • Competitive base salary with meaningful performance-based bonus potential.
  • Top-tier medical and dental coverage, along with other core benefits.
  • Relocation assistance package available for candidates moving to Chicago.
  • Generous vacation policy plus ongoing training and continuing education opportunities.
  • Daily catered lunch, snacks, and beverages provided.
  • Regular group outings, company events, and a casual dress environment.
  • High-trust, low-politics culture where strong performance and smart risk-taking are rewarded.

JPC-516

#LI-SK3

Job Type: Full-time

Benefits:

  • Dental insurance
  • Paid time off
  • Retirement plan
  • Vision insurance

Job Tags

Full time, Casual work, Work at office, Relocation package,

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