Junior Equity Derivatives Trader

DAIWA CAPITAL MARKET•New York, NY

21h•Hybrid

About The Position

We are seeking an analytical, curious, and technically strong Junior Equity Derivatives Trader to join our Equities team supporting our Delta One business. Reporting to the Executive Director for our Delta One desk, you will work closely with senior traders across securities lending, reverse conversions, and other Delta One strategies. The ideal candidate combines hands‑on trading experience with strong programming ability, an analytical mindset, and a collaborative, entrepreneurial approach to problem‑solving.

Requirements

Bachelor’s degree and 2–5 years’ experience, preferably in Delta One strategies, equity finance, securities lending, or equity derivatives.
Strong programming skills in Python, SQL, and VBA, with experience building tools used by trading desks.
Experience working with Bloomberg Terminal; familiarity with Bloomberg APIs via Python/SQL preferred.
Intermediate 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 the ability to thrive in a fast‑paced, dynamic, entrepreneurial environment.
Required licenses: Series 7 & 63

Nice To Haves

Familiarity with special situations, corporate actions, and regulatory frameworks is a plus.

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 the 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 decisioning.
Work jointly 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 (Medical, Dental and Vision)
Ancillary Insurance (Basic Life Insurance, AD&D Insurance, and Short & Long-term Disability)
Flexible Spending and Health Savings Accounts (FSA and HSA)
Employee Assistance Program (EAP)
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