Quant jobs / Optiver

European Bonds Trader – German Bunds Volatility

A volatility trader for German government bond futures and options at a market maker. It combines screen trading with quoting prices to institutional counterparties.

What you’d work on

Our reading of the posting: what a new hire in this role would most likely spend their first months on.

Trade and hedge volatility risk across Bund, Bobl and Schatz options
Quote and execute option trades for institutional clients
Work with researchers to refine volatility surfaces and pricing models
Follow macro and central bank news that moves European rates volatility
Look for new products and cross-market trades

What they ask for

Required

Bachelor's degree or higher in a quantitative subject
European government bond volatility trading experience
Risk management and macro judgement in rates markets
Relationships with institutional counterparties
Strong communication

Preferred

German Bund options experience
Python
Electronic platforms such as MTS, Eurex, Bloomberg and Tradeweb

Education: Bachelor's degree or higher in a quantitative discipline.
Experience: Experience in European government bond volatility trading
Languages and tools: Python
Markets: fixed-income, options

How to prepare

Learn how Bund futures and options are structured and quoted on Eurex
Study interest rate option pricing and volatility surfaces
Follow ECB decisions and see how they move rates volatility
Practise delta and vega hedging in a simple Python simulation

What to study

The Rates Quant roadmap sets out the stages for this kind of role, with free resources for each.

Open the roadmap

Apply

Read the full posting on Optiver’s site before applying: requirements, location and pay can change after we check them.

View the posting on Optiver’s site ↗

SelfMadeQuant wrote this summary from the employer’s public posting, last checked 6 November 2026. SelfMadeQuant isn’t affiliated with Optiver and doesn’t handle applications.