Equity Derivatives Trader
About The Position
Daiwa Capital Markets America Inc. is seeking an analytical, curious, and technically strong Equity Derivatives Trader to join its Equities team supporting the Delta One business. The role reports to the Executive Director for the Delta One desk and works closely with senior traders across securities lending, reverse conversions, and other Delta One strategies. The ideal candidate brings hands-on trading experience, strong analytical skills, and a collaborative, entrepreneurial approach to problem-solving. The position supports trading in hard-to-borrow reverse conversions, securities lending, and other Delta One strategies; assists with trade staging, booking, middle-office coordination, reconciliation, and daily P&L; and analyzes borrow availability, rates, utilization, and market inefficiencies. It also involves monitoring tenders, spinoffs, bankruptcies, and corporate actions, and contributing to strategy development and idea generation. The trader builds and improves automated tools for trading workflows and pricing analysis using Python, SQL, and VBA; works with large datasets; shares pricing information with stock loan and treasury liquidity teams; and coordinates with Treasury, Risk, Finance, Legal, and firmwide liquidity teams on financing resources, margin, and liquidity requirements. The role also manages onboarding for new trading counterparties and supports operational efficiency initiatives. The position is hybrid, with employees expected to work in the office at least three days per week. Remote work opportunities depend on the role and departmental needs.
Requirements
- Bachelor’s degree.
- 5–15 years of experience, preferably in Delta One strategies, equity finance, securities lending, or equity derivatives.
- Experience working with Bloomberg Terminal.
- Advanced understanding of equity options and derivatives mechanics.
- Strong analytical and problem-solving skills, with comfort handling large datasets.
- Ability to work collaboratively across Treasury, Risk, Finance, and Legal teams.
- Excellent communication skills and ability to thrive in a fast-paced, dynamic, entrepreneurial environment.
- Required licenses: Series 7 and 63.
Nice To Haves
- Strong programming skills in Python, SQL, and VBA, with experience building tools used by trading desks.
- Familiarity with Bloomberg APIs via Python or SQL.
- Familiarity with special situations, corporate actions, and regulatory frameworks.
Responsibilities
- Support trading activity in hard-to-borrow reverse conversions, securities lending, and other Delta One strategies.
- Assist senior traders with pre- and post-trade processes, including staging, booking, middle-office interaction, reconciliation, and daily P&L.
- Analyze borrow availability, rates, utilization, and market inefficiencies across equities to identify trading opportunities.
- Monitor tenders, spinoffs, bankruptcies, and corporate actions, and evaluate their impact on securities lending and equity financing markets.
- Stay current on market developments and contribute to strategy development and idea generation.
- Build, maintain, and improve automated tools to optimize trading workflows and pricing analysis using Python, SQL, and VBA.
- Extract, clean, and manipulate large datasets to support pricing, inventory optimization, and trade decision-making.
- Work with stock loan and treasury liquidity teams to share pricing information and organize data for senior traders.
- Coordinate with Treasury, Risk, Finance, Legal, and firmwide liquidity teams to optimize equity financing resources and monitor margin and liquidity requirements.
- Manage onboarding processes for new trading counterparties and support operational efficiency initiatives across the desk.
Benefits
- Competitive benefits package including medical, dental, and vision.
- Basic life insurance, AD&D insurance, and short- and long-term disability insurance.
- Flexible Spending Accounts and Health Savings Accounts.
- Employee Assistance Program.
- Comprehensive health and wellness benefits.
- Parental leave.
- Family building benefits.
- 401(k) with company match.
- Paid time off and holidays.
- Professional development, educational assistance, and training programs.
- Community engagement programs.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
