Brazilian Rates Trading Desk Manager

We are Gelber Group -- Passion for Trading. Powered by Technology.

Headquartered in Chicago with offices across the United States and Europe, for more than 40 years we have set the bar as one of the industry’s most innovative and enduring proprietary trading firms. Our success stems from a relentless pursuit of new trading ideas and careful attention to technology. We believe in a culture of entrepreneurship, innovation, and collaboration and we empower every member of our team to have a meaningful impact from the very start of their career with Gelber. We invest in our future through our technology and talent, strategically committing resources to move our firm forward and help our people succeed. We trade many different asset classes and are always looking to seize new opportunities. Our flat organizational structure and meritocratic values attract individuals with edge and that contributes to our consistent success.

As a Brazilian Rates Trading Desk Manager, you will have a real opportunity to impact the firm. In a new market for Gelber, you will have the ability to build out a new strategy for the firm and grow your own desk over time. You may closely collaborate with our US Fixed Income Desk as well. This role is for someone who flourishes in a fast-paced environment, has a strong work ethic, a competitive attitude, and a proven record of profitability in a trading position for at least 3 years.

The role can be worked hybrid/in-person in Chicago, New York or Boston. Remote work may be considered for top candidates.

What you’ll do:

• Bring expertise in trading DI futures and related rates products to a highly profitable trading firm
• Own and manage a Brazilian rates trading book, focused on DI futures, either via curve trades or cross-market relative value strategies
• Be a player/coach, that can both be a senior risk taker and people leader
• Generate consistent, risk-adjusted P&Lacross varying macro and volatility regimes
• Manage your own portfolio of active strategies and drive trading decisions
• Oversee desk-level P&L, and have a meaningful influence over strategy, risk allocation, and talent development for the desk
• Establish and enforce disciplined risk management, drawdown controls, and trading standards for your desk.
• Collaborate across your trading desk to execute teams’ goals while ensuring core risk and compliance standards are met
• Grow your own business – recruit, develop, and mentor discretionary traders focused on Brazil DI Rates and B3 Futures

What we’d like to see:

• Proven track record of 3-5 years of profitable trading in Brazilian fixed-income markets
• Directional and curve-based strategies
• Understanding of Brazil’s debt auction process and how it impacts the DI Products
• Past experience building, managing, and scaling a discretionary trading desk
• Excellent communication and interpersonal skills with the ability to work autonomously and as a team player
• Proven self-starter with exceptional product knowledge, trading methodology, and market insight

The approximate annual base compensation range for this position is $72,000 to $120,000. The actual offer, reflecting the total compensation package plus benefits, will be determined by a number of factors which include but are not limited to the applicant’s experience, knowledge, skills, and abilities; geographic location; and internal equity. In addition to your salary, our total rewards package includes health benefits, a 401(k) plan, PTO, parental leave, professional development, tuition reimbursement and discretionary bonus, enhancing your overall total rewards package.

Benefits Highlights

Gelber offers a wide range of benefits to full-time employees in order to meet you and your covered dependents needs.  Our comprehensive benefits offering includes:

• Traditional and Roth 401(k) retirement program
• Comprehensive health benefits including medical coverage provided by Blue Cross and Blue Shield (PPO and HDHP/HSA) and dental coverage
• Tuition reimbursement for Graduate courses (taken after employment begins)
• Flexible Spending Accounts for health care and dependent care; pre-tax commuter benefits for parking and transit expenses
• Life insurance and long-term disability coverage
• Health club membership with on-site facilities (and reciprocal memberships)
• Generous vacation time, paid holidays, and paid parental leave
• Social events including sponsored 5k races and annual company party in Chicago
• Enjoyable collaborative and open work environment
• Employee referral bonus program
• Charitable giving and company matching opportunities
• Casual, relaxed dress code

Chicago Benefits Also Include: 

• Brand new office in the heart of Chicago’s River North neighborhood, attached to the Merchandise Mart and “EL” stop and a short walk from both Ogilvie and Union Train Stations
• Enjoyable collaborative and open work environment including a golf simulator and pool table
• Catered lunch provided Tuesday, Wednesday, & Thursdays and stocked pantry daily and monthly continental breakfasts