Product Control Quantitative Lead
- Pay
- $200,000 – $250,000 per year
- Location
- Chicago, IL · On-site
- Job type
- Full-time
- Level
- Director
- Experience
- 7+ years
- Listed
- 19 days ago
Skills & highlights for this role
- Options valuation
- Volatility surface construction
- Option skew analysis
- Python
- Sensitivity analysis
- Valuation control
Also useful
- Model validation
- Model governance frameworks
Responsibilities
- Independently verify pricing models and the inputs used for options valuation and present results to the valuation/model validation committee.
- Assist Middle office and commercial groups by analyzing skew data to determine appropriate sources for valuation.
- Work with trading desk analysts, quantitative developers and risk to validate new instruments, and bespoke structures.
- Identify unobservable inputs and assumptions, and test sensitivities to those assumptions inputs are not directly observable.
- Work closely with software engineers to provide pricing verification system specifications.
- Develop and maintain auditable valuation documentation and model governance artifacts (methodologies, calibration procedures, data provenance).
Skills & Experience
- Minimum 7 years of relevant experience, ideally at a Proprietary Trading Firm, Hedge Fund, Investment Bank or Trading Venue.
- Experience constructing and analyzing volatility surfaces and option skews, including interpolation/extrapolation and smoothing techniques.
- Experience managing data and building tools in Python.
- A strong understanding of control functions - Comfortable interrogating assumptions, performing sensitivity analysis, and translating model behaviors into business impact.
- Prior experience in model validation or model governance frameworks preferred.
Pay and benefits
The annual base salary range for this position is $200,000 to $250,000 depending on the candidate's experience, qualifications, and relevant skill set. The position is also eligible for an annual discretionary bonus. In addition, DRW offers a comprehensive suite of employee benefits including group medical, pharmacy, dental and vision insurance, 401k (with discretionary employer match), short and long-term disability, life and AD&D insurance, health savings accounts, and flexible spending accounts.
About DRW
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.
We are seeking a Product Control Quantitative Lead to focus on the valuation and independent validation of options, structured products and related derivatives. The role will review pricing models, validate volatility surfaces/skews, verify model inputs, and present findings to the Valuation committee. This role will work closely with trading desks, risk, quants, and software engineers to ensure robust, auditable valuation processes and build scalable verification tools. This role will require you to be in office 4 days per week.
From DRW's careers page, first listed on Rolev.ai on October 21, 2026. Rolev.ai is not the employer.
How Rolev.ai helps with this application
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Common questions
What is the salary for the Product Control Quantitative Lead role at DRW?
The Product Control Quantitative Lead posting at DRW states compensation of $200,000 – $250,000 per year. It is listed as a full-time position. Final pay may depend on location, experience, and interview evaluation on DRW's official career site.
Where is the Product Control Quantitative Lead job at DRW located?
This Product Control Quantitative Lead position at DRW is located in Chicago, IL (On-site). Always check DRW's application page for specific state eligibility or relocation policies.
What qualifications are required for Product Control Quantitative Lead at DRW?
For the Product Control Quantitative Lead role, DRW highlights 7+ years of relevant experience; experience with Options valuation, Volatility surface construction, Option skew analysis, Python, Sensitivity analysis, Valuation control. Rolev.ai can score your existing resume against these requirements and show any skill gaps before you apply.
How do I apply for the Product Control Quantitative Lead position at DRW?
This listing links directly to DRW's Greenhouse application page. You can apply directly on DRW's site, or use Rolev.ai to check your resume fit, generate a zero-hallucination tailored resume and cover letter for this posting, and autofill the Greenhouse application form in 1 click with the Rolev.ai Chrome extension. You always review the form and press Submit yourself.