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Job Details

Squarepoint Capital logo
Hedge Funds

Junior Discretionary Trader

at Squarepoint Capital

GraduateNo visa sponsorship

Posted 17 days ago

No clicks

Join the Discretionary Trading team as a recent graduate to assist senior traders with portfolio monitoring, maintenance, hedging, and execution. You will collaborate with quantitative researchers to evaluate trading opportunities, generate PnL and risk reports, and help structure hedges and complex trades. The role emphasizes developing skills in fundamental and macro analysis, portfolio construction, risk management, and programming (strong preference for Python). Training and mentorship are provided on desk with exposure to equities, commodities, rates/FX, credit, and volatility strategies.

Compensation
$150,000+ USD

Currency: $ (USD)

City
New York City
Country
United States

Full Job Description

Please only apply to the one job you feel best fits your skillset and experience. If our team feels you are better suited for another role, we will reach out about the alternate opportunity.

Position Overview:

We are looking to hire recent graduates to join our Discretionary Trading team. As a Junior Discretionary Trader, you will have the opportunity to work alongside our senior discretionary traders, who will provide on the desk training and mentorship. Your goal will be to help maintain target portfolio positions by assisting the senior traders with daily portfolio monitoring, maintenance, and hedging. 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. You will leverage and develop a broad range of skills including fundamental and macro analysis, 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. If you have an interest in trading and would like to learn how to manage your own risk over time, we encourage you to apply.

  • Collaborate with senior traders and quantitative researchers to structure and evaluate new trading opportunities
  • Generate PnL tracking and attribution reports based on trade ideas
  • Monitor and analyze portfolio performance to generate risk reports
  • Hedge books and allocate hedges appropriately
  • Execute large or complex trades which cannot be automated due to complexity or liquidity constraints

Required Qualifications:

  • Recent, or soon to be graduate, with relevant course work, internship, or other applicable experience or knowledge
  • Bachelor’s degree in a quantitative or related field such as Mathematics, Statistics, Econometrics, Engineering, Operations Research, Computer Science, Physics, Economics, Finance
  • Strong communication skills with the ability to collaborate with teammates globally
  • Strong sense of urgency with the ability to work well in a fast-paced environment
  • Programming skills essential, with at least one major programming or scripting language, strong preference for Python.

The minimum base salary for this role is $150,000 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.

#LI-DN

Job Details

Squarepoint Capital logo
Hedge Funds

17 days ago

clicks

Junior Discretionary Trader

at Squarepoint Capital

GraduateNo visa sponsorship

$150,000+

USD

City: New York City

Country: United States

Join the Discretionary Trading team as a recent graduate to assist senior traders with portfolio monitoring, maintenance, hedging, and execution. You will collaborate with quantitative researchers to evaluate trading opportunities, generate PnL and risk reports, and help structure hedges and complex trades. The role emphasizes developing skills in fundamental and macro analysis, portfolio construction, risk management, and programming (strong preference for Python). Training and mentorship are provided on desk with exposure to equities, commodities, rates/FX, credit, and volatility strategies.

Full Job Description

Please only apply to the one job you feel best fits your skillset and experience. If our team feels you are better suited for another role, we will reach out about the alternate opportunity.

Position Overview:

We are looking to hire recent graduates to join our Discretionary Trading team. As a Junior Discretionary Trader, you will have the opportunity to work alongside our senior discretionary traders, who will provide on the desk training and mentorship. Your goal will be to help maintain target portfolio positions by assisting the senior traders with daily portfolio monitoring, maintenance, and hedging. 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. You will leverage and develop a broad range of skills including fundamental and macro analysis, 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. If you have an interest in trading and would like to learn how to manage your own risk over time, we encourage you to apply.

  • Collaborate with senior traders and quantitative researchers to structure and evaluate new trading opportunities
  • Generate PnL tracking and attribution reports based on trade ideas
  • Monitor and analyze portfolio performance to generate risk reports
  • Hedge books and allocate hedges appropriately
  • Execute large or complex trades which cannot be automated due to complexity or liquidity constraints

Required Qualifications:

  • Recent, or soon to be graduate, with relevant course work, internship, or other applicable experience or knowledge
  • Bachelor’s degree in a quantitative or related field such as Mathematics, Statistics, Econometrics, Engineering, Operations Research, Computer Science, Physics, Economics, Finance
  • Strong communication skills with the ability to collaborate with teammates globally
  • Strong sense of urgency with the ability to work well in a fast-paced environment
  • Programming skills essential, with at least one major programming or scripting language, strong preference for Python.

The minimum base salary for this role is $150,000 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.

#LI-DN