Associate, Equity Derivatives Trading

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Associate, Equity Derivatives Trading

Role Overview:

The Associate will support the trading, pricing, and risk management of equity and volatility derivatives, with a focus on complex and non‑vanilla products. This role is designed for a technically strong individual who can operate in a fast‑paced trading environment, contribute to pricing and hedging activities, and progressively take on greater ownership of risk and client facilitation under the supervision of senior traders.

Key Responsibilities:

• Assist in the pricing and risk management of equity and volatility derivatives, including autocallables, issuer callables, basket options, correlation products, and volatility/variance swaps.
• Support bespoke pricing requests for structured derivatives with customized payoff profiles, and help implement hedging strategies using vanilla options and related instruments.
• Monitor market risk, sensitivities, and exposures, escalating material changes to senior traders as appropriate.
• Execute hedging trades and assist with inventory management, including selective interaction with inter‑dealer counterparties.
• Support calibration and maintenance of exotic pricing models, including parameters capturing spot‑volatility correlation and skew dynamics.
• Contribute to ongoing enhancement of pricing, risk, and scenario analytics as market conditions or product features evolve.
• Apply Python‑based tools and analytics to support pricing, risk analysis, and trade evaluation for non‑vanilla products.
• Partner with equity derivatives sales teams across regions to support timely and accurate pricing, ensuring alignment with client objectives and desk risk constraints.
• Help prepare trade ideas, payoff analysis, and market color for institutional clients, particularly in equities and volatility‑linked products.
• Assist in identifying client demand trends and potential opportunities for structured or relative‑value trades.
• Support the full front‑to‑back trade lifecycle, including quoting support, execution follow‑up, booking validation, lifecycle events, and coordination with operations.
• Assist with daily P&L reporting, risk reconciliation, and investigation of discrepancies.
• Ensure adherence to desk controls, operational procedures, and risk governance standards.

Product Exposure & Skills Development:

• Gain hands‑on exposure to a broad equity derivatives product suite, including:
  • OTC and listed single‑stock, ETF, and index options
  • Structured notes and structured indices
  • Equity, volatility, variance, dispersion, and correlation swaps
  • Listed futures and ETFs
• Develop a working knowledge of dispersion, correlation, relative‑value volatility strategies, and hedge replication techniques.

Qualifications & Experience:

• Bachelor’s or Master’s degree in Finance, Mathematics, Engineering, Physics, a related quantitative discipline, or equivalent work experience.
• 2–5 years of experience in equity derivatives trading, structuring, or quantitative risk/pricing.
• Strong quantitative aptitude with familiarity in option pricing, Greeks, and risk concepts.
• Proficiency in Python or similar analytical programming languages; experience with pricing or risk models is a plus.
• High attention to detail, strong work ethic, and ability to operate effectively in a high‑pressure trading environment.

Shift:

1st shift (United States of America)

Hours Per Week:

40