{"id":944045,"url":"https://alion.io/job/old-mission-quantitative-researcher-experienced-ph-d-","title":"Quantitative Researcher (Experienced - Ph.D.)","company":{"id":678384,"name":"Old Mission","domain":"oldmissioncapital.com","url":"https://alion.io/company/oldmissioncapital","size_band":null,"is_staffing_agency":false,"employer_type":"direct","is_intermediary":false,"listed_via":null,"ats_vendor":"Ashby","truth_index":{"grade":"B","score":78,"open_postings":25,"ghost_share":0.28,"stale_share":0,"repost_share":0,"time_to_fill_p50_days":110,"computed_at":"2026-11-05T05:54:30Z"}},"role":"Data Science","role_family":"Data Science","seniority":null,"employment_type":null,"work_mode":"on_site","remote_scope":null,"remote_scope_basis":null,"remote_working_hours":null,"hiring_geo_confidence":"structured","locations":["Chicago, United States"],"countries":["US"],"hiring_countries":[],"hiring_countries_total":0,"salary":null,"salary_estimate":{"min_usd":100000,"max_usd":218000,"period":"year","method":"role_country_seniority_unknown","sample_n":3418},"experience_years_min":null,"visa_sponsorship":false,"relocation_package":false,"has_equity":false,"technologies":[{"name":"C++","optional":false},{"name":"Python","optional":false}],"status":"closed","first_seen_at":"2026-03-16T15:46:58Z","employer_posted_date":"2026-07-21","last_verified_at":"2026-10-21T21:07:19Z","board_verified":false,"closed_at":"2026-10-21T21:07:19Z","days_open":219,"trust":{"level":"ghost","repost_count":0,"flags":["stale","company_stale"],"days_open":218},"description":"Old Mission is a global proprietary trading firm that leverages state-of-the-art technology and research to identify and execute profitable trading strategies across multiple asset classes around the world. Our offices in Chicago, New York, and London are all composed of naturally-curious individuals who thrive in a team environment and constantly strive for improvement.\nAbout the Position\nWe are actively seeking a Quantitative Researcher (Ph.D.) to join our Chicago office. In this role, you will collaborate directly with our options trading group, contributing to the enhancement of existing pricing models, and spearheading the development of cutting-edge models and tools. The primary focus will be on efficiently pricing volatility-based derivatives across diverse asset classes. As a key member of the team, you will actively participate in the options research idea generation process and may also take the lead in expanding the capabilities of the quant team to further enhance the options desk.\nResponsibilities\nConceptualize and implement cutting-edge derivative pricing models for single-asset derivatives, as well as pricing models for widely traded equity volatility products such as variance swaps, volatility swaps, and VIX options.\nEvaluate existing options pricing models, scrutinizing aspects such as calibration accuracy and Greeks stability to identify any anomalies. Investigate and propose enhancements to address identified issues.\nDevelop more resilient and stable alternative options pricing models, including exploring and suggesting new parameterizations for the volatility surface and designing improved filtering rules for market data quotes during calibration.\nDevelop options specific research infrastructure and libraries in Python.\nAnalyze market data and microstructure to identify patterns, facilitating the exploration of trading ideas.\nActively participate in the idea generation process for options research, contributing insights and innovations.\nCollaborate closely with traders, engaging in the analysis of data and jointly developing new tools and ideas to identify patterns in the market.\nRequired Skills \nMust have a Masters or Ph.D. in a quantitative discipline, encompassing fields such as computer science, engineering, physics, mathematics, statistics, or other hard sciences.\nProficient in derivatives and volatility modeling, including the construction and calibration of forward curves and volatility surfaces. Possess extensive knowledge of equity and index derivative products, including variance derivatives, VIX, and other related instruments. Experience with dividend swaps and futures is considered advantageous.\nMust have programming skills in Python and C++ are a prerequisite.\nDemonstrated exceptional written and verbal communication skills, with the ability to manage multiple tasks in a time-sensitive, collaborative, and fast-paced environment.\nA team-oriented problem solver with the capacity to thrive under pressure, exhibiting a genuine passion for the financial markets.\nHighly organized, detail-oriented, and adept at managing multiple work streams concurrently.\nProven track record of trustworthiness and performance, consistently adhering to the highest ethical standards.\nBenefits and Perks\nFully paid Medical, Dental, Vision, Disability, and Life Insurance\nFully stocked kitchen; free breakfast and lunch every day on-site\nTuition Reimbursement Program\n401(k) with employer match\nPaid Vacation, Sick, and Parental leaves\nCommuter and Flexible Spending Programs\nBase Salary Range \n$175,000 - $250,000 - Salaries are based on numerous factors such as skills, experience, and education. Our compensation package also includes a discretionary bonus and a comprehensive benefits program for full-time employees. For more information, reach out to your recruiter. \nOld Mission is not accepting unsolicited resumes from any staffing/search firms. All resumes submitted by staffing/search firms to any employee at Old Mission via-email, the Internet or directly without a valid signed search agreement will be deemed the sole property of Old Mission, and no fee will be paid in the event the candidate is hired by Old Mission.","description_format":"text","description_chars":4197,"description_truncated":false,"requirements":{"experience_years_min":null,"management_years_min":null,"team_size_min":null,"manages_managers":false,"education":{"level":"master","optional":false},"security_clearance":false,"languages":[]},"benefits":["Equity","Life insurance","Parental leave"],"hiring_locations":[],"hiring_excludes":[],"relocation_offered":false,"industries":["Hedge Funds & Alternative Investments"],"lifecycle":[{"event":"open","at":"2026-09-15T19:46:41Z"},{"event":"close","at":"2026-10-21T21:07:19Z"}],"visa":[{"country":"US","licensed_sponsor":true,"evidence":"H-1B filings in 12 months: 3 · green card filings: 3","filings_12m":3,"filings_prev_12m":6,"green_card_filings_12m":3,"median_offered_wage_usd":177500,"route":null,"cap_exempt":false,"checked_at":"2026-10-29T16:27:21+00:00","sources":["US Department of Labor: LCA disclosure data (H-1B, H-1B1, E-3)","US Department of Labor: PERM disclosure data (green cards)"],"filings_for_role_12m":0}],"liveness":null,"pay":null,"html_url":"https://alion.io/job/old-mission-quantitative-researcher-experienced-ph-d-","json_url":"https://alion.io/job/old-mission-quantitative-researcher-experienced-ph-d-.json","meta":{"generated_at":"2026-11-05T11:24:56Z","cache_seconds":300,"methodology":"https://alion.io/methodology","terms":"https://alion.io/terms","contact":"https://alion.io/contact","api":"https://alion.io/developers","about":"Alion is a live layer of people, companies and AI agents: who they are, whether they are real and active right now, what they do and how to work with them, readable by people and by agents and paid per call.","catalog":"https://alion.io/catalog.json","usage":{"tier":"crawler_verified","counted_by":"address","units_charged":1,"used_today":14722,"day_limit":null,"remaining_today":null,"minute_limit":300,"resets_at":"2026-11-06T00:00:00Z"}},"offers":[{"id":"company.slices","title":"One company in depth, by slice","status":"live","price":{"credits":0.02,"usd":0.002,"plus_per_slice":{"credits":0.05,"usd":0.005}},"unit":"per company, plus each slice with data","note":"the employer in depth","call":{"mcp_tool":"get_company","arguments":{"id":678384},"rest":"https://alion.io/mcp/rest/get_company?id=678384"},"human":"https://alion.io/catalog?offer=company.slices&for=job%2Fold-mission-quantitative-researcher-experienced-ph-d-"},{"id":"market.stats","title":"A market slice: pay, demand and time to fill","status":"live","price":{"credits":1,"usd":0.1},"unit":"per slice","note":"pay, demand and time to fill for this role and place","call":{"mcp_tool":"market_stats"},"human":"https://alion.io/catalog?offer=market.stats&for=job%2Fold-mission-quantitative-researcher-experienced-ph-d-"},{"id":"job.search","title":"Open jobs by role, technology, place, pay and visa","status":"live","price":{"credits":0.02,"usd":0.002},"unit":"per posting in a list","note":"similar open postings","call":{"mcp_tool":"search_jobs"},"human":"https://alion.io/catalog?offer=job.search&for=job%2Fold-mission-quantitative-researcher-experienced-ph-d-"},{"id":"company.verify","title":"Is this company real and active right now","status":"pilot","price":null,"unit":"per company","request":{"url":"https://alion.io/catalog/request","method":"POST","body":"{\"offer\": \"company.verify\", \"for\": \"job/old-mission-quantitative-researcher-experienced-ph-d-\", \"note\": \"what you need it for\"}"},"human":"https://alion.io/catalog?offer=company.verify&for=job%2Fold-mission-quantitative-researcher-experienced-ph-d-"}],"agent":{"mcp":"https://alion.io/mcp/jobs","mcp_open":"https://alion.io/mcp/open","next":[{"tool":"get_job","arguments":{"id":944045}},{"tool":"search_jobs","arguments":{"company":"oldmissioncapital.com","detail":"compact"}},{"tool":"match_people","arguments":{"job_id":944045},"note":"people open to offers who fit this vacancy"}],"note":"The same data through MCP tools: https://alion.io/mcp/open needs no sign-in (compact searches, postings, people); https://alion.io/mcp with an Alion account has everything. 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