European Bonds Trader / German Bunds Trader

In this role you lead trading and risk management of German government bond volatility (Bunds, Bobls, Schatz). You operate at the intersection of liquidity provision, market structure expertise, and client interaction to strengthen Optiver’s position as a top European rates liquidity provider. You trade, quote, and hedge volatility across Bunds and related derivatives while collaborating with researchers and developers to refine pricing and risk models. You monitor macro and micro market drivers to spot real-time opportunities, contributing to strategic expansion of volatility capabilities.

• performance-based bonus
• global profit pool
• paid vacation days (25–30)
• training opportunities
• commuting expenses covered
• office perks (meals, coffee, wellness)

• Trade and manage volatility risk across German Bunds and related fixed-income derivatives
• Quote, price, and execute options and volatility trades for institutional counterparties
• Collaborate with quants, developers, and traders to refine surfaces, pricing models, and execution algorithms
• Analyze macroeconomic and market microstructure developments to identify trading opportunities in real time
• Build and maintain relationships with counterparties, brokers, and market participants
• Contribute to strategic expansion of volatility trading capabilities including new products and cross-market strategies

• Experience in European government bonds volatility trading
• Experience specifically in German Bunds (options) a strong advantage
• Proven ability to manage risk and interpret macro drivers in rates markets
• Excellent communication and ability to build relationships with institutional counterparties
• Proficiency in Python is a plus; familiarity with electronic trading systems (e.g., MTS, Eurex, Bloomberg, Tradeweb)
• Bachelor’s degree or higher in a quantitative discipline

• strong communication
• relationship-building with institutional counterparties
• cross-functional collaboration
• Python
• electronic trading systems (MTS, Eurex, Bloomberg, Tradeweb)
• pricing models