About the company
Founded more than 15 years ago and headquartered in Chicago, the DV Group of financial services firms has grown to more than 450 people operating throughout North America and in Europe. Since spinning out of a large brokerage firm in 2016, DV Trading has rapidly scaled as an independent proprietary trading firm utilizing its own capital, trading strategies, and risk management methodologies to provide liquidity to worldwide financial markets and hedging opportunities to commodity producers and users. Now, DV group affiliates include two broker dealers, a cryptocurrency market making firm, and a bourgeoning investment adviser. DV Commodities is a rapidly growing division that specializes in trading crude oil, refined products, natural gas, and related energy markets across US, Europe, and Asia. Our proprietary risk management and trading methodologies along with a strong ability to adapt to changing conditions has allowed DV Commodities to grow into one of the largest financial participants within the global energy complex.
Job Summary
Responsibilities:
📍Liaison between the clearing firms and traders on notices sent from the clearing firms, including margin calls, option assignments, buy-in notices, and expiration notices. 📍Monitor the firm’s trading activities and identify potential scenarios and positions that pose threats to the firm and individual trading groups. 📍Develop risk models for the firm’s desks to enhance our risk framework. 📍Conduct stress tests and scenario analysis on the firm’s positions, with a focus on ETF and international equities trading. 📍Review the firm’s and individual trading group’s daily margin requirements and resolve any issues related to the exchange requirements. 📍Maintain and monitor the firm’s proprietary risk models. 📍Generate firm overview reports such as VAR, stress testing, intraday PnL, and various trading strategies, and flag any issues that are standing out.
Requirements:
đź“Ť4-6 years of market risk or equities trading experience, specifically with a focus on commodity risk or international ETF trading. đź“ŤKnowledge of ETF creation and redemption trading and strategies. đź“ŤExperience understanding and monitoring exchange margin requirements and calculations. đź“ŤExcellent communication, analytical, and organization skills. đź“ŤExperience with Excel, Python, and/or VBA. đź“ŤStrong interest in the financial markets. đź“ŤMust be able to work both independently and as part of a team - should demonstrate curiosity, initiative, self-sufficiency, and the ability to learn quickly.
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