Alpha Alternatives
Website:
alt-alpha.com
Job details:
About the Role
We are looking for a Quantitative Volatility Researcher to research, build, and deploy systematic options strategies across Indian indices and single stocks. The ideal candidate should currently be running live P&L or have demonstrable experience contributing to live volatility strategies with a superior risk-return profile.
This role requires strong options research capability, deep understanding of volatility markets, and the ability to convert research ideas into production trading strategies in collaboration with developers and live trading team.
Key Responsibilities
- Research and develop systematic volatility and options strategies across indices and single-stock options.
- Analyse large-scale exchange market data, options pricing data, volatility surfaces, term structures, Greeks, order book data, and trade/quote datasets.
- Build signals to identify volatility mispricing, vol surface dislocations, event-risk opportunities etc.
- Develop, backtest, validate, and deploy strategies with robust risk controls and realistic transaction-cost assumptions.
- Monitor live strategy performance, attribution, drawdowns, model decay, and execution quality.
- Improve existing systematic volatility trading models, risk frameworks, and execution workflows.
Required Qualifications
- 3+ years of experience conducting quantitative research on exchange market data and/or options pricing datasets.
- Proven live P&L track record or direct contribution to systematic volatility strategies with strong risk-adjusted performance.
- Deep understanding of options pricing models, including Black-Scholes, stochastic volatility models such as Heston, Greeks, volatility surfaces, skew, and term structures.
- Strong knowledge of market microstructure, exchange infrastructure, liquidity, impact, and execution dynamics.
- Strong proficiency in Python, C++, or a similar programming language.
- Strong undergrad or postgrad in Engineering, Mathematics, Statistics, Computer Science or a related quantitative field.
Preferred Qualifications
- Experience working on a systematic volatility trading desk, preferably at a top-tier market-making, proprietary trading, or quantitative investment firm.
- Familiarity with intraday data, order book data, implied volatility modelling, and volatility risk premia.
- Experience in live strategy monitoring, model validation, and production trading systems.
- Strong understanding of portfolio construction, risk limits, stress testing, and drawdown management.
What We’re Looking For
- A hands-on researcher who has converted options research into live trading outcomes.
- Someone who combines strong theoretical knowledge with practical market intuition.
- A self-starter with ownership mindset, intellectual curiosity, and attention to detail.
- A collaborative team player with strong communication skills and the ability to work across research, engineering, and production environments.
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