Trading Assistant, Risk Retention

Nearwater Capital•New York, NY

5d•Onsite

About The Position

Nearwater's Risk Retention team is hiring a Trading Assistant / Jr. Trader to support trade execution, booking, and settlement across the team's ABS, CLO, CMBS, and RMBS financing positions. You will work closely with senior traders and the broader Capital Markets and Liquid Markets desks to ensure trades are executed, confirmed, and settled accurately and on time.

Requirements

1–2 years of hands-on experience as a trading assistant or in a junior trading role, specifically in fixed income cross-product trading
Strong attention to detail and comfort working with numbers under time pressure
Proficiency in Excel
Clear communicator who can flag issues early and follow through to resolution

Nice To Haves

CLO or CMBS trading experience in particular
Exposure to ABS, RMBS, or other structured credit products
Familiarity with trade settlement processes and market conventions
Experience with Enfusion or a similar trading/order management system

Responsibilities

Support trade execution and booking across Risk Retention financing and securities positions
Confirm trade details with counterparties and internal stakeholders, resolving discrepancies quickly
Track positions, settlements, and cash movements, escalating breaks to senior traders
Coordinate with Operations and Settlements on trade lifecycle events
Maintain accurate trade and position records across internal systems
Support ad hoc market and portfolio analysis for the trading desk

Benefits

A front-row seat to trade execution on a specialty finance desk
Direct mentorship from senior traders with a path toward increased trading responsibility
Exposure across Risk Retention, Capital Markets, and Liquid Markets desks
A small team environment where contributions are visible and valued
An attractive market compensation and benefits package

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