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 robust 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

📌 Quantitative Volatility Researcher (Mumbai)
🏢 Alpha Alternatives
📍 Mumbai