Prime Finance – Delta One Flow Swaps Trader – Associate
About The Position
As an Associate or Vice President on the North America Delta 1 Flow Swaps Trading desk, you will take ownership of pricing, execution, and day-to-day risk management across vanilla delta-one derivatives — including Total Return and Price Return Swaps — covering single names, indices/ETFs, and custom baskets for Institutional, Sovereign, and Hedge Fund clients. You will manage a dynamic risk book, partner closely with Sales, Structuring, and control functions, and contribute to improving analytics, tooling, and processes that enhance execution quality, scalability, and risk discipline across the franchise.
Requirements
- Relevant experience in delta-one products (equity swaps / single stock swaps / prime delta-one) with demonstrated execution and risk management capability
- Strong understanding of vanilla derivative pricing, hedging, and the practical drivers of swap economics (financing, borrow, dividends, corporate actions, and basis)
- Advanced proficiency in Excel (including VBA) and/or Python, with a track record of delivering desk analytics, automation, or risk tooling
- Excellent communication and stakeholder management skills across Trading, Sales, Structuring, Technology, and control partners
- Active SIE, Series 7, Series 57, and Series 63 licenses required
Responsibilities
- Price and execute client flow in delta-one swaps across single-name, index/ETF, and custom basket exposures; manage hedging and unwind strategy
- Own delta hedging and oversee key risk drivers (borrow, dividends, financing, basis/correlation, and concentration) tied to client activity and market moves
- Execute order flow in full accordance with swaps governance, policies, limits, and supervisory controls; ensure high standards of booking accuracy and lifecycle management
- Lead pre- and post-trade analytics for institutional flow (execution quality, slippage drivers, hedge effectiveness, P&L attribution) and communicate insights to senior stakeholders
- Coordinate closely with Product Control, Middle Office, Operations, and Risk on P&L explain, breaks resolution, corporate actions, rebalances/substitutions, and control enhancements
- Build and enhance tools and workflows (automation, monitoring, risk dashboards, analytics) to improve desk efficiency, scalability, and control environment, mentor junior team members as appropriate
Benefits
- comprehensive health care coverage
- on-site health and wellness centers
- a retirement savings plan
- backup childcare
- tuition reimbursement
- mental health support
- financial coaching
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
