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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 DeskThis 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 OverviewThe 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 Responsibilities1. Hot Path Trading (Execution Role)Active intraday monitoring of Gold, Silver, and Copper futures and optionsRapid execution and order managementSpread managementGamma scalping and volatility positioningMonitoring liquidity and order flow behaviorTracking slippage and execution cost2. Strategy Development (Quant Modelling)Develop, test, and optimize:Options spreadsCalendar spreadsRatio spreadsStraddles and StranglesSynthetic futuresInter-metal relative value strategiesPerform Greeks analysis including Delta, Gamma, Vega, and ThetaBuild and backtest Excel and spreadsheet-based modelsConduct volatility modelling and risk simulationsSubmit trading models to RMS for approvalDeploy approved strategies into live tradingRequired QualificationsEducationB.Tech / B.E. / M.Sc. in Mathematics, Statistics, or PhysicsORCA / CFA / FRM (preferred but not mandatory)ORStrong market practitioner with 5+ years of verified relevant experienceRequired Technical SkillsCandidates must have hands-on experience in:MCX Gold, Silver, and Copper derivativesPractical understanding of options GreeksAdvanced ExcelPivot TablesSolverScenario AnalysisBasic VBA (preferred)Spreadsheet modellingPosition sizing modelsRisk and margin managementTrading Platforms / Systems ExposureExperience with any of the following is preferred:Greek SymphonyU-TradeODINSimilar OMS / RMS platformsAlgo trading exposure (API-based or automated execution) is preferred.Experience Required4 to 7 years of relevant derivatives trading experienceProven and verifiable trading track recordP&L history must be verifiablePast employer reference is mandatoryClean compliance historyDesired TraitsStrong analytical and high-IQ mindsetFast and disciplined decision-making abilityEmotional stability during volatility and drawdownsStrong adherence to Risk & PolicyNo impulsive trading behaviorStrong documentation habitDaily trade log maintenance disciplineHealth & Work StaminaPhysically fit and mentally resilientAble to sustain long market hours (up to 14 hours)High alertness during evening US overlap sessions, especially for Gold and Silver volatilityWork Culture ExpectationsPunctual and regular attendanceNo casual absenteeismAvailable during high-volatility sessionsRespect for hierarchy and approval-based deployment processRMS approval mandatory before live deployment of any strategyCompensation StructureBase Salary + IncentiveIllustrative structure:Fixed: ₹X LPAVariable: Percentage of net profits after costTiered incentive slabsDrawdown control bonusRisk-adjusted performance bonusClawback provision (recommended)Risk & Governance FrameworkThe role will operate under strict prop desk controls, including:Pre-defined maximum daily lossPosition limitsMargin utilisation capNo overnight exposure without approvalStrategy deployment approval processWeekly P&L reviewComplete trade audit trailAdditional Compliance & Desk ConditionsNon-compete clause (minimum 1 year)Confidentiality agreementIP ownership of strategies by employerNo personal trading account allowedNo outside advisory or tip-givingDigital security compliance mandatoryAcceptance of surveillance monitoringAvailability during holiday trading sessions if required due to US volatilityBackup dealer cross-trainingEmergency volatility protocol