Associate, Portfolio Manager / Derivatives Trader – Derivatives SMA (Option Overlays)

SpiderRockAdvisors, LLC(“SRA”), a wholly owned subsidiary of BlackRock, vertically integrated in US Wealth Advisory, headquartered in Chicago, IL, is a rapidly growing technology-enabled provider of derivatives solutions to the wealth management and institutional allocator segments of the ~$80 trillionglobal asset management industry. SRA specializes in the design and implementation of customized derivative solutions and overlay strategies for institutions, wealthmanagersand their clients.

SRA isseekingan energetic and talented Portfolio Manager & Derivatives Trader responsible for understanding the nuances of multiple asset classes (ex. Equities, Futures, FX, Fixed Income, etc.) and supporting high performance quantitative execution in an internal and client/external facing role. This role is a part of a dynamic and rapidly evolving team responsible for portfolio design, risk management, data analytics, quantitative analysis and research, and scalable automated options trading.

Key Responsibilities:

• Operate,developand improve trading and portfolio management infrastructure and proprietary software

• Conduct quantitative research and statistical analysis to improve management and performance of client portfolios

• Support thought leadership research around improving portfolio outcomesthrough the use ofoptions to reshape portfolio return distributions,facilitateportfolio transition, andoptimizeafter-tax investment results

• Manage and articulate to both institutional and retail clients for their customized mandates

• Write, debug, and test software written in Python

• Make continuous improvements to the strategies and solutions and test environment based on market conditions

• Apply creativity and technical skills to elicit objective answers from historical data

• Adapt economic and financial theory to answer real life complex business problems

• Find and visualize patterns and trends in analyzed data

• Provide in-depth investment research and present findings to SRA’s Investment Committee

• Analyze structured finance products, companyfinancialsand market data

• Document workflows, processes, and products.

• Formulate compelling written deliverables.

• Create compelling reports and presentations for internal teams and/or external clients

• Create presentations with charts and graphs to present to supervisors, and clients

Key Qualifications:

• Bachelor’s, Master’s, or PhDdegreein Computer Science, Engineering, Statistics, or a similar Science, Technology, Engineering or Mathematics discipline

• At least 5+ years of experience in a similar role. 

• 3 or more years of experience with Python programming, knowledge of R a plus

• Familiarity with order management and trading systems, and ability to troubleshoot day-to-day issues.

• Experience withmanipulating large data sets using common databases/query tools (ex. SQL).

• Experience with algorithmic trading features, market microstructure, FIX protocol, and clearing operationsetc, in any asset class.

• Experience with conducting Transaction Cost Analysis (“TCA”) oriented research is a plus.

• Product knowledge of equity options isrequired; knowledge of multiple asset classes is a plus. 

• Knowledge of business intelligence software (AWSQuickSight)

• Strong familiarity with MS Office suite (Word, Excel, PowerPoint).

• Outstanding communication, organizational skills, and professionalism.