Index Exotics Trader

UBS • New York, NY

11d • $225,000 - $242,500

About The Position

UBS is hiring an Index Exotics Trader to join its growing equity structured products franchise in the New York trading team. The team trades a range of exotic equity products across US markets through global distribution channels and manages risk across non-vanilla equity options, serving institutional, retail, and wealth management clients. The trader will help clients access products and liquidity to meet their investment objectives.

The role involves pricing and making markets in equity exotic option payouts, including structured notes and institutional exotic structures, and facilitating client order flow through liquidity provision and hedging. The trader will work with sales and distribution, structuring, and quantitative teams to generate revenue and grow the franchise, while monitoring markets and opportunities and managing trading, execution, operational, compliance, and other risks. The role requires adherence to regulations and internal policies covering execution quality, pricing, hedging, trading limits, and compliance.

UBS welcomes applications from career returners and offers flexible working options when possible. The indicative full-time-equivalent gross base salary range for New York is USD 225,000–242,500 per year. Additional variable compensation or awards may be provided at UBS’s discretion. UBS describes its culture as collaborative and inclusive and states that it is committed to disability inclusion and can provide reasonable accommodations during recruitment.

Requirements

• Ideally, at least 2 years of trading desk or quantitative desk experience.
• Familiarity with pricing and trading a spectrum of exotic payouts.
• Understanding of the higher-order risk factors that characterize exotics books and related risk-mitigation techniques.
• Programming skills and an analytical background.
• An undergraduate or master’s degree in computational finance, mathematics, engineering, or computer science is required.
• Good communication skills and a collaborative, team-oriented approach.
• Curiosity about using AI to improve workflows, with sound judgment in validating outputs and following policies, risk standards, and ethical-use expectations.

Responsibilities

• Price and make markets in equity exotic option payouts, including structured notes and institutional exotic structures.
• Facilitate client order flow by providing liquidity through various hedging strategies.
• Work with sales and distribution, structuring, and quantitative teams to generate revenue and grow the franchise.
• Monitor market developments and trading opportunities.
• Manage trading, execution, operational, compliance, and other risks.
• Follow regulations and internal policies, including those concerning execution quality, pricing, hedging, trading limits, and compliance.

Benefits

• Competitive benefits are available; details are provided on UBS’s employee benefits website.
• Flexible working options when possible.
• Additional variable compensation or awards may be provided at UBS’s discretion.
• Reasonable accommodations or adjustments are available during recruitment.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level