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Business Manager - Systematic

CTC LateralChicago, Illinois

$175,000 - $225,000 / year

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Overview

Schedule
Full-time
Career level
Director
Remote
Hybrid remote
Compensation
$175,000-$225,000/year
Benefits
Paid Vacation
Parental and Family Leave
Health & Wellness Programs

Job Description

Chicago Trading Company (CTC) is a premier proprietary trading firm specializing in options market making.  Our collaborative culture fuels innovation in quantitative research, systematic trading strategies, and cutting-edge trading technology.  For over three decades CTC has provided critical liquidity across derivatives exchanges worldwide - making them fairer, more transparent, and more efficient.

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.

This high visibility role directly supports senior leadership and is pivotal in scaling and driving operational excellence for CTC’s systematic trading business. You will collaborate closely with quantitative researchers, traders, technologists, and cross functional enterprise teams to accelerate strategic initiatives - expanding product offerings, optimizing execution costs, and strengthening risk management frameworks

WHAT YOU'LL DO

  • Assist in building roadmaps, reviewing interdependencies, and help with sequencing.
  • Help team members break projects down into smaller, incremental commercial steps. Track progress and drive accountability. 
  • Anticipate breaks in project plans, escalate and adjust plans as projects pivot. 
  • Improve team communication by getting right stakeholders in the room, re-centering focus by summarizing current state, shepherding projects to sensible next steps and defining what good follow-ups looks like. 
  • Develop solid understanding of data processes and infrastructure. Understand current and future downstream data use cases. Drive data requirements as they relate to model research use cases. 
  • Help business leads drive high degree of consistency between research and production. 
  • Drive cross team collaboration with other businesses and departments. 
  • Assist in supporting technical upgrades to management tooling. 
  • Optimize workflows: map end-to-end processes, identify bottlenecks, and recommend enhancements or new tools to enable continuous improvement. 
  • Foster a high-performance culture: create a collaborative culture committed to problem solving, high quality delivery, and ongoing refinement of processes. 

WHAT WE'RE LOOKING FOR

  • Bachelor or Master’s degree in Business, Computer Science, Engineering, or related field (preferred). 
  • Experience in systematic trading, quantitative / technical program management, or consulting in options/volatility strategies - or similarly complex environments.
  • Understanding of options risk (Greeks, volatility surfaces), internalization/externalization trade flows, and delta hedging fundamentals.
  • Proven track record in program and process management across engineering and trading, with expertise in OKRs, dependency mapping, and post incident analysis. 
  • Exceptional communication skills - capable of producing clear, concise reporting, making decisive recommendations, and driving swift execution. 
  • Adaptive problem solver with a growth mindset - able to learn from setbacks, pivot quickly, and champion continuous improvement. 
  • Genuine commitment to CTC’s values of diversity, ethical excellence, and equal opportunity - thriving in a fast-moving, collaborative environment.

Compensation

The salary range for this role is listed below. This role is also eligible for an annual discretionary bonus. The discretionary bonus will be dependent upon the individual’s skills, experience, qualifications, and firm performance. 

Salary Range

$175,000 - $225,000USD

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 info@chicagotrading.com. 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.

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FAQs About Business Manager - Systematic Jobs at CTC Lateral

What is the work location for this position at CTC Lateral?
This job at CTC Lateral is located in Chicago, Illinois, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.
What pay range can candidates expect for this role at CTC Lateral?
Candidates can expect a pay range of $175,000 and $225,000 per year.
What employment applies to this position at CTC Lateral?
CTC Lateral lists this role as a Full-time position.
What experience level is required for this role at CTC Lateral?
CTC Lateral is looking for a candidate with "Director" experience level.
What benefits are offered by CTC Lateral for this role?
CTC Lateral offers following benefits: Paid Vacation, Parental and Family Leave, and Health & Wellness Programs for this position. Actual benefits may vary depending on the employer's policies and employment terms.
What is the process to apply for this position at CTC Lateral?
You can apply for this role at CTC Lateral either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.