Job Title: Quant Dealer – Commodities (Prop Desk) Location: Darya Ganj, New Delhi Work Mode: On-site (Candidates must reside within reasonable commuting distance) About the Desk This is a proprietary trading desk focused exclusively on MCX commodities, specifically Gold, Silver, and Copper. The desk does not trade crude or agri commodities and does not follow hedging mandates. The role is purely for proprietary positioning. Trading Window: 9:00 AM to 11:30 PM (MCX cycle) Role Overview The Quant Dealer – Commodities will have a hybrid responsibility across live trading execution and quantitative strategy development. The role requires strong practical derivatives trading expertise, disciplined risk management, and the ability to develop and deploy strategies within a governed prop desk environment. Key Responsibilities 1. Hot Path Trading (Execution Role) Active intraday monitoring of Gold, Silver, and Copper futures and options Rapid execution and order management Spread management Gamma scalping and volatility positioning Monitoring liquidity and order flow behavior Tracking slippage and execution cost 2. Strategy Development (Quant Modelling) Develop, test, and optimize: Options spreads Calendar spreads Ratio spreads Straddles and Strangles Synthetic futures Inter-metal relative value strategies Perform Greeks analysis including Delta, Gamma, Vega, and Theta Build and backtest Excel and spreadsheet-based models Conduct volatility modelling and risk simulations Submit trading models to RMS for approval Deploy approved strategies into live trading Required Qualifications Education B.Tech / B.E. / M.Sc. in Mathematics, Statistics, or Physics OR CA / CFA / FRM (preferred but not mandatory) OR Strong market practitioner with 5+ years of verified relevant experience Required Technical Skills Candidates must have hands-on experience in: MCX Gold, Silver, and Copper derivatives Practical understanding of options Greeks Advanced Excel Pivot Tables Solver Scenario Analysis Basic VBA (preferred)



Spreadsheet modelling Position sizing models Risk and margin management Trading Platforms / Systems Exposure Experience with any of the following is preferred: Greek Symphony U-Trade ODIN Similar OMS / RMS platforms Algo trading exposure (API-based or automated execution) is preferred. Experience Required 4 to 7 years of relevant derivatives trading experience Proven and verifiable trading track record P&L; history must be verifiable Past employer reference is mandatory Clean compliance history Desired Traits Strong analytical and high-IQ mindset Quick and disciplined decision-making ability Emotional stability during volatility and drawdowns Strong adherence to Risk & Policy No impulsive trading behavior Strong documentation habit Daily trade log maintenance discipline Health & Work Stamina Physically fit and mentally resilient Able to sustain long market hours (up to 14 hours) High alertness during evening US overlap sessions, especially for Gold and Silver volatility Work Culture Expectations Punctual and regular attendance No casual absenteeism Available during high-volatility sessions Respect for hierarchy and approval-based deployment process RMS approval mandatory before live deployment of any strategy Compensation Structure Base Salary + Incentive Illustrative structure: Fixed: X LPA Variable: Percentage of net profits after cost Tiered incentive slabs Drawdown control bonus Risk-adjusted performance bonus Clawback provision (recommended) Risk & Governance Framework The role will operate under strict prop desk controls, including: Pre-defined maximum daily loss Position limits Margin utilisation cap No overnight exposure without approval Strategy deployment approval process Weekly P&L; review Complete trade audit trail Additional Compliance & Desk Conditions Non-compete clause (minimum 1 year) Confidentiality agreement IP ownership of strategies by employer No personal trading account allowed No outside advisory or tip-giving Digital security compliance mandatory Acceptance of surveillance monitoring Availability during holiday trading sessions if required due to US volatility Backup dealer cross-training Emergency volatility protocol

📌 Quant Dealer – Commodities (New Delhi)
🏢 r3 Consultant
📍 New Delhi