Junior Fixed Income Relative Value Trader

About the Role

DV Trading is seeking a full-time Junior Fixed Income Relative Value Trader to support the head of a highly profitable trading desk. This role offers direct exposure to portfolio construction, trade execution, quantitative research, technology development, and risk management. The team operates as an entrepreneurial trading business with a focus on rapid decision-making, aggressive testing of ideas, and ownership.

Job Responsibilities

• Work directly with the head of the trading desk on live positions, research, execution, and risk management.
• Monitor fixed-income markets, relative-value relationships, portfolio exposures, and trading opportunities.
• Build and improve analytical tools, trading systems, data pipelines, dashboards, and automated workflows.
• Research new strategies and test ideas using market data and quantitative methods.
• Investigate pricing discrepancies and explain market and portfolio performance drivers.
• Execute accurately under pressure and follow through relentlessly.
• Take responsibility for critical operational details.
• Learn the desk’s investment process and gradually assume greater trading and risk-taking responsibility.

Requirements & Tech Stack

• A bachelor’s degree in economics, mathematics, statistics, physics, computer science, engineering, or another rigorous quantitative discipline.
• Strong quantitative reasoning.
• Ability to think clearly under pressure.
• Genuine interest in markets, trading, technology, and risk.
• Ability to learn unfamiliar concepts rapidly and apply them effectively.
• Exceptional attention to detail.
• Strong ownership instincts; proactive problem-solving.
• Resilience to handle direct feedback and demanding standards.
• Willingness and ability to work full-time from the Northfield, Illinois office for at least the first 18 months.
• Direct fixed-income experience or experience on a trading desk is valuable but not required if you can demonstrate unusual ability, intellectual curiosity, and drive.

Career Trajectory

• The initial role is to become indispensable to the head of the desk.
• As skills and judgment develop, increasing autonomy will be granted for strategy research, trade proposals, system building, and risk management.
• The long-term opportunity is to develop independent ideas, establish a track record, and earn the opportunity to become a portfolio manager.

Compensation

• Competitive base salary plus discretionary performance bonus.

Benefits

• Discretionary bonus eligibility.
• Medical, dental, and vision insurance.
• HSA, FSA, and Dependent Care Options.
• Employer Paid Group Term Life and AD&D insurance.
• Voluntary LTD, Life & AD&D insurance.
• Flexible Vacation policy.
• Retirement plan with employer match.