Fundamental Equity Analyst - Options Team (Market Making Firm)

Fundamental Equity Analyst - Options Team (Market Making Firm)

Overview

• Fundamental Equity Analyst position within the Options / Market Making division of a leading firm
• Team focused on event-driven and special situations investing to inform single-stock options trading
• Role available in Chicago (preferred) or New York

Team Structure

• Equity research function is relatively new and growing
• Currently 5-10 analysts in the US
• Led by global head of eq research.

The Opportunity

• Firm is seeking a senior hire (5-10 years experience) to act as a de facto #2 in the US
• Role will involve:
• Mentoring and training junior analysts
• Helping to shape the research platform as the function scales
• Acting as a leader/point person in global head's absence
• Opportunity to grow into a more formal leadership role over time

Responsibilities

• Conduct fundamental equity research across a generalist, sector-agnostic universe
• Focus on event-driven and special situations opportunities
• Generate actionable investment ideas to inform discretionary options traders
• Partner closely with traders by:
• Sharing research across a group of discretionary single-stock options traders
• Supporting trade idea generation and risk-taking decisions
• Coverage and idea generation are expected to remain flexible rather than from a fixed coverage list

Strategy & Platform

• Research supports single-stock options trading within a market making framework
• Analysts sit within the market making business, but operate with a fundamental, discretionary mindset
• Traders have the ability to deploy capital dynamically based on conviction
• Analysts are compensated similarly to traders, aligning incentives with trading performance

Candidate Profile

• 5 years minimum, ideally 10 years of experience in equity research or investing
• Prior exposure to market making is required (does not need to be current)
• Strong understanding of options theory and derivatives
• Ability to operate in a fast-paced, trading-oriented environment
• Demonstrated experience:
• Working on event-driven / catalyst-driven ideas
• Producing actionable, time-sensitive research
• Sector background is flexible (generalist); Healthcare is a plus, but not required
• Strong preference for candidates able to lead, mentor, and develop junior talent