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Associate, Exotic Equity Derivatives Trader

Associate, Exotic Equity Derivatives Trader
New York, US
145,000 - 175,000
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Job Description

In this role as an Associate Options Trader within Global Equity Derivatives, you will contribute to the overall success of Global Equity Derivatives & Investor Solutions teams by ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Executes all activities in compliance with governing regulations, internal policies and procedures.

Is this role right for you?

  • Contributes to a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge

  • Helps senior traders manage all market risk on US books by capturing all trades in a timely manner

  • Provides accurate pricings for all products within area of responsibility as well as backup across the GED trading team as required

  • Supplies feedback to the financial engineering team to expand and improve the EQD model suite and risk management capabilitie

  • Ensures all risks are correctly reflected in RiskMonitor & compares topline risks to the approved limits outlined in the Desk’s LCS

  • Adheres to the Desk’s approved Volcker operating plan

  • Assists the EDT team in testing new model enhancements to help reduce model risk post implementation

  • Analyzes & summarizes equity vol market activity as requested by Sales & by Senior Management

  • Updates vols, divs & repos for all US underlyers; maintains correlation marks using approved tools

  • Liaises with internal support groups on all operational matters related to the GED trading books

  • Adheres to day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct

  • Asks insightful questions to continually learn about market dynamics, pricing procedures & client relationships; continually seeks to improve desk’s systems, procedures

Do you have the skills you need to succeed? We'd love to work with you, if you have:

  • Minimum 3 years work experience in options trading
  • Knowledge of global capital markets and structured financial products
  • Knowledge of the U.S./Canada Retail Structured Products market including the ability to price and risk manage autocallables, worst-ofs, barriers, correlation and other exotic structures
  • Knowledge of derivatives markets, including exotic equity and hybrid products
  • University degree in Business/Finance/Mathematics/Science
  • Ability to thrive in a challenging and collaborative working environment
  • Fully licensed and registered for trading stocks, options and futures in the US; minimum Series 3, 7, 63 and 57 qualified
  • Advanced computer skills required, especially in MS Excel and Visual Basic
  • Familiarity with Python or other programming languages strongly encouraged
  • Strong team player, excellent communication skills within the context of group collaboration
  • Curiosity & tireless work ethic required for rapid personal growth
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