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Chicago Trading Company

Head of Institutional Derivatives Sales

Reposted 3 Days Ago
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In-Office
New York, NY, USA
200K-300K Annually
Senior level
In-Office
New York, NY, USA
200K-300K Annually
Senior level
Lead the establishment of a new agency options business, manage institutional relationships, drive revenue growth, and oversee the agency options platform.
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CTC is a cutting-edge proprietary trading firm with a long-term vision and a clear focus on helping the world price and manage risk. Our fun and trusting culture inspires us to solve the industry’s most challenging problems and take calculated risks in a collaborative environment.

We strive to be the most innovative firm in the industry today, tomorrow, and long into the future while upholding ethical excellence. We believe that CTC makes a positive impact on the markets, the lives of our employees, and all the communities to which we belong. Started in 1995 by a team of forward-thinking Traders, we are proud to call ourselves an industry leader that keeps making markets and each other better.

Join the CTC Execution Services team as Head of Institutional Derivatives Sales and lead the establishment of our new agency options business from the ground up. You will build and manage our institutional client base, drive revenue growth, and oversee all aspects of our agency options platform. As the founding leader of this desk, you'll combine hands-on execution expertise with business development and team leadership responsibilities to establish CTC as a premier destination for institutional options trading. 

What You’ll Do
  • Lead business development efforts to acquire and grow institutional client relationships, driving revenue growth through client acquisition 
  • Oversee the management of complex, multi-leg, and high-volume listed equity and index options orders, ensuring best-in-class routing, execution, and reporting 
  • Build out and manage the sales trading team 
  • Advise clients on market conditions, execution strategies, and order types, leveraging deep market expertise to drive client satisfaction and trading volume 
  • Direct trade operations, monitor open orders, and resolve discrepancies in coordination with middle office and clearing 
  • Stay current on US options market structure and regulatory rules, partnering with Compliance to ensure all activity meets FINRA/SEC requirements 
  • Manage client onboarding, trade reporting, and periodic business reviews to strengthen relationships 
What We’re Looking For
  • 10+ years of senior-level experience on sales desk or agency options desk with proven institutional client track record 
  • Demonstrated success in business development and client acquisition within institutional options markets 
  • Advanced proficiency with trading platforms/OMS/EMS and deep understanding of options market structure and execution protocols 
  • Leadership experience developing and managing trading desk personnel 
  • Strong existing relationships within the institutional options community 
  • Works well under pressure in a fast-paced, high-volume agency environment 
  • Ability to collaborate effectively across Trading, Risk, Compliance, and Operations 
  • Active FINRA Series 7, 57 and 63 licenses required; Series 4 or 24 preferred 

COMPENSATION

  • Salary Range: $200-300k, plus a discretionary bonus with upside potential based on the individual’s experience and skills, business development success, and firm performance.

Most teams at CTC, with the exception of Trading, follow a hybrid workplace model, subject to change based on business need.

Our Benefits 

We strongly believe in the well-being of our employees and their families so we offer outstanding benefits to support you both professionally and personally. These benefits include generous time off, insurance coverage, paid parental leave, free breakfast and lunch (plus healthy snacks, of course), wellness reimbursement, and a variety of other benefits focused on providing the best employee experience. 

(Disclaimer: interns and contractors are not eligible for benefits at CTC) 

Our Commitment to Diversity, Equity and Inclusion

At CTC, we aim to cultivate a workplace that celebrates diversity and each person feels included, engaged and empowered. Where each of us feels we belong. We are committed to having a diverse workforce and are proud to be an equal opportunity employer. CTC does not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment. 

If you have a disability and believe you need a reasonable accommodation in order to search for a job opening or to apply for a position, please contact us at [email protected]. Note that emails sent to this email account for non-disability related issues, such as following up on an application, will not receive a response.

Use of Artificial Intelligence (AI)

Information submitted by job applicants may be subject to review and analysis by automated systems, including Artificial Intelligence (AI), as part of the recruitment process. Such systems are utilized to enhance the efficiency and effectiveness of our hiring procedures. Applicants are advised that any information provided may be evaluated by AI tools to ensure an equitable and thorough assessment.

Top Skills

Ems
Oms
Trading Platforms

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