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Delta One Trading Jobs (NOW HIRING)

DRW

Data Engineer, Cumberland/FICCO

Chicago, IL · On-site

$150K - $200K/yr

You will collaborate closely with traders, researchers, and quantitative developers to support options and delta-one trading strategies. In this role you will: * Build, maintain, and manage core ...

Jane Street

Commodities Trader

New York, NY · On-site

About the Position We are looking for a commodity trader based in New York to work closely with our local and global commodities teams and help manage our commodity delta one and options book with an ...

Synechron

Senior Developer - Equities Swap OMS

New York, NY · On-site

$120K - $130K/yr

Our challenge We are looking for Lead development and optimization of the Delta One OMS platform to enhance trading efficiency, streamline workflows, and ensure low-latency order management in a high ...

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How much do delta one trading jobs pay per year?

As of Jun 8, 2026, the average yearly pay for delta one trading in the United States is $73,416.00, according to ZipRecruiter salary data. Most workers in this role earn between $48,500.00 and $88,000.00 per year, depending on experience, location, and employer.

What are some common challenges faced by Delta One Traders and how can they be effectively managed?

Delta One Traders often deal with high-volume, low-margin products such as equity swaps, ETFs, and index futures, requiring strong risk management and attention to detail. A key challenge is keeping up with rapid market movements and ensuring that hedges are maintained accurately in real time. Effective management involves leveraging advanced trading systems, maintaining clear communication with sales, research, and risk teams, and staying updated on regulatory changes. Building strong analytical skills and adaptability is crucial for long-term success in this fast-paced environment.

What are the key skills and qualifications needed to thrive as a Delta One Trader, and why are they important?

To thrive as a Delta One Trader, you need strong quantitative analysis skills, financial market knowledge, and typically a degree in finance, mathematics, or a related field. Proficiency with programming languages (such as Python or VBA), trading platforms, and risk management systems is crucial. Excellent communication, attention to detail, and the ability to work under pressure are standout soft skills for this fast-paced role. These competencies enable effective risk management, accurate pricing, and timely execution, which are vital for profitability and maintaining client trust in Delta One trading.

What is Delta One trading?

Delta One trading refers to trading financial instruments whose price movements closely track, or have a 'delta' of one relative to, the underlying asset. These instruments typically include equity swaps, exchange-traded funds (ETFs), futures, and some types of structured products. Delta One desks in investment banks manage portfolios of these products, aiming to profit from small price differences, arbitrage opportunities, and by providing liquidity to clients. The strategies are generally considered low-risk in terms of directional market exposure, but they require sophisticated quantitative analysis and risk management.
Infographic showing various Delta One Trading job openings in the United States as of May 2026, with employment types broken down into 100% Full Time. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $73,416 per year, or $35.3 per hour.
GBM, Public, ETF One Delta Strat - Quantitative Engineering (NYC)

GBM, Public, ETF One Delta Strat - Quantitative Engineering (NYC)

Goldman Sachs, Inc.

New York, NY

Other

Posted 22 days ago

Goldman Sachs rating

8.3

Company rating: 8.3 out of 10

Based on 25 frontline employees who took The Breakroom Quiz

29th of 141 rated banks

Job description

ETF One Delta Strats sit within the ETF Trading Desk in the One Delta Equity group in NYC. The team oversees the ETF desks' systematic trading, data, and technology for the US ETF Trading Desk, managing pricing frameworks, daily fund reconciliation, and systematic hedging efforts across equity ETFs.

Within this group, this specific seat is designed for a Developer/Engineer-heavy Strat. You will be responsible for handling the operational aspects of the algo and ensuring the stack is robust, scalable, and high-performing. This is an opportunity to sit in a revenue-generating, market-facing seat where your primary impact is delivered through sophisticated code development and systems optimization.

Responsibilities

  • Operational Engineering: Proactively identify and resolve technical bottlenecks in the trading lifecycle; build automated solutions to enhance desk efficiency and system reliability.
  • Real-time Support: Provide expert-level technical troubleshooting for production trading systems, ensuring 24/7 high availability and performance in volatile market conditions.
  • System Architecture & Optimization: Design, build, and maintain the high-performance tech and data stack powering our systematic block market-making business.
  • Algorithmic Implementation: Translate complex quantitative pricing models and business logic into robust, production-grade code for real-time pricing and risk management.
  • Java-Slang Integration (JSI): Develop and optimize the JSI layer to ensure seamless, low-latency communication between our Java-based trading infrastructure and our proprietary Slang environment.

Who We Look For

We are seeking a Software Engineer with a passion for systems programming and a "builder" mindset. You should thrive in environments where code quality directly impacts P&L and where technical excellence is the primary driver of business success.

Basic Qualifications

  • Education: Bachelor's or Master's degree in Computer Science, Computer Engineering, or a related technical field. A strong foundation in CS fundamentals (data structures, algorithms, and systems design) is essential.
  • Core Languages: Expert-level proficiency in Java and Python. You should be comfortable writing clean, scalable, and testable code.
  • Systems Integration: Experience or strong interest in working with proprietary languages and cross-language integration (specifically JSI).
  • Engineering Best Practices: Deep understanding of software engineering lifecycles, including CI/CD, version control (Git), and performance profiling.
  • Problem Solving: Exceptional debugging skills and the ability to navigate complex, distributed systems under time-sensitive conditions.

Preferred Qualifications

  • Industry Experience: Prior experience in a systematic trading group, HFT firm, "Strat" or Engineer team at a major investment bank.
  • Data Engineering: Experience building and maintaining large-scale ETL processes and time-series data pipelines.
  • Domain Knowledge: Familiarity with ETF market microstructure, delta-one products, or systematic hedging strategies is a significant plus but not a substitute for strong engineering skills.
  • Proprietary Tech: Previous experience with Slang or similar proprietary financial languages (e.g., Athena, Quartz).

Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.

Salary Range 
The expected base salary for this New York, New York, United States-based position is $150000-$225000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

Benefits 
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.

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About Goldman Sachs

Sourced by ZipRecruiter

At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

New York, NY, US

Year founded

1869

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