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JUNIOR DISCRETIONARY TRADER
Squarepoint New York, NY
$60k-60k (estimate)
Full Time 0 Months Ago
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Squarepoint is Hiring a JUNIOR DISCRETIONARY TRADER Near New York, NY

Role: Junior Discretionary Trader
Location: New York, London
Squarepoint is a global investment management firm that utilizes a diversified portfolio of systematic and quantitative strategies across financial markets that seeks to achieve high quality, uncorrelated returns for our clients. We have deep expertise in trading, technology and operations and attribute our success to rigorous scientific research. As a technology and data-driven firm, we design and build our own cutting-edge systems, from high performance trading platforms to large scale data analysis and compute farms. With offices around the globe, we emphasize true, global collaboration by aligning our investment, technology and operations teams functionally around the world. Building on our quantitative research platform and process-driven approach, Squarepoint also runs discretionary strategies to take advantage of opportunities which are not suitable to be traded in a systematic strategy.
As a Junior Discretionary Trader at Squarepoint you will work as a part of a team of analysts, traders and portfolio managers who are responsible for discretionary and semi-systematic strategies. As a collaborative organization, our discretionary traders work closely with Quantitative Researchers to leverage our world-class research platform to improve both discretionary and systematic strategies. This role provides an opportunity to leverage and develop a broad range of skills including fundamental and macro analysis, quantitative research, portfolio construction, risk management and execution. We currently run discretionary strategies in Equities, Commodities, Rates/FX, and Credit including Volatility trading across all asset classes.
Overview of Junior Discretionary Trader Position:
  • Bookrunning a discretionary portfolio. This includes daily monitoring, maintenance, and hedging a portfolio to maintain target position.
  • Working with Senior traders and quantitative researchers to structure and evaluate new trading opportunities
  • Leveraging internal data and research tools as well as external research and relationships to identify trading opportunities
Typical Day of Junior Discretionary Trader:
  • Monitoring news, events, or market changes which can impact the portfolio; advising Senior Portfolio Manager on adjustments to the portfolio
  • Monitoring and analyzing portfolio performance and risk
  • Monitoring various trading venues and markets to identify trading opportunities
  • Executing large or complex trades which cannot be automated due to complexity or liquidity constraints
Skillset Required For Position:
  • 0-3 years of relevant experience or knowledge
  • Quantitative or Finance background - includes degrees in Mathematics, Statistics, Econometrics, Engineering, Operations Research, Computer Science, Physics, Economics, Finance
  • Strong communication skills and ability to work well with colleagues across multiple regions.
  • Ability to work well under pressure.
  • Programming skills (Python) are a plus but are not strictly required
The minimum base salary for this role is $60,000 if located in New York. This expectation is based on available information at the time of posting. This role may be eligible for discretionary bonuses, which could constitute a significant portion of total compensation. This role may also be eligible for benefits, such as health, dental, and other wellness plans, as well as 401(k) contributions. Successful candidates’ compensation and benefits will be determined in consideration of various factors.

Job Summary

JOB TYPE

Full Time

SALARY

$60k-60k (estimate)

POST DATE

05/22/2023

EXPIRATION DATE

01/26/2024

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Squarepoint
Full Time
$60k-60k (estimate)
0 Months Ago