Crypto Trader - Options & Derivatives

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk.

Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets.

We operate with respect, curiosity and open minds. The people who thrive here share our belief that it’s not just what we do that matters–it's how we do it. DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus.

DRW is seeking a senior investment professional responsible for leading the design and implementation of derivative investment strategies and portfolio construction across crypto markets. Requires deep options expertise combined with a holistic understanding of crypto trading, portfolio construction, asset allocation, and fiduciary responsibility. Operates across OTC, CEX, and DeFi implementations.

Core Responsibility Areas

1. Portfolio Construction — Strategy design, mandate management aligned, liquidity management, and fiduciary oversight.
2. Options & Derivatives Strategy — Design and implement options strategies (yield enhancement, hedging, vol capture, delta-neutral, structured products), multi-venue execution (OTC, CEX, DeFi), exotic/vanilla pricing expertise, real-time Greeks management, and bespoke OTC structuring
3. Quantitative Analysis & Research — Proprietary model development (pricing, implied vol, risk), volatility forecasting frameworks, backtesting and validation, performance attribution, and ongoing academic/practitioner research engagement
4. DeFi & On-Chain Strategy: DeFi yield and hedging opportunities, smart contract risk assessment, on-chain data integration, vault-based and AMM strategies, and DeFi-specific risk monitoring
5. Risk Management & Compliance: VaR, stress testing, scenario analysis, drawdown and liquidity monitoring, counterparty credit risk, regulatory compliance, and institutional-standard documentation
6. Team Development & Leadership: Mentoring junior team members, fostering intellectual rigour, and contributing to operational infrastructure and scaling

Key Requirements:

• Experience: 10+ years in trading; ideally 4+ years managing crypto portfolios; proven options/derivatives track record; OTC, CEX & DeFi experience
• Education: Quantitative degree required (Maths, Physics, CS, Financial Engineering, Stats, Economics); Master's/PhD; CFA/FRM/CQF advantageous
• Quant Skills: Options pricing theory; proficient programmer; experience with quantitative libraries; familiar with PMS/RMS/OMS platforms
• Crypto Knowledge: Blockchain analytics tools; on-chain data sources; smart contract mechanics; DeFi protocol evaluation

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