Vice President, Portfolio Risk Trading
About The Position
The AUM passively benched to indexes has grown rapidly over the last few decades. As passive assets have grown, index composition changes have had increasingly large trading impacts. Index related trades can be triggered by corporate actions such as M&A transactions, equity offerings and stock splits or by quarterly rebalances which have become outsized liquidity event dates with the potential for price dislocations in thousands of securities. Our team follows and trades these index events by predicting index composition changes prior to announcements, trading throughout the entire cycle of the rebalance, following and trading ongoing corporate actions, providing liquidity to Portfolio Trading clients and offering expertise on over 600 indexes globally to internal and external clients. This role touches all aspects of Sales & Trading and is an opportunity to develop an expertise in a growing industry. The team is looking for a Vice President, Trader to be based in New York, NY.
Requirements
- Minimum 6 years of relevant work experience
- The desire to work with the index landscape and interest in markets and trading strategy
- Comfortable with Excel
- Python experience is a plus; willingness to learn Python is required
- Analytical skills; Not afraid of data sets and digging into numbers
- Communication skills; Ability to speak with various audiences
- Series Exams are required but can be taken upon joining the team
Responsibilities
- Work primarily with Global Portfolio Risk and Agency Trading teams and their clients
- Maintain knowledge of methodologies and monitor ongoing index events for major AMRS indexes including CRSP, Nasdaq, Russell, S&P, FTSE, MSCI, TSX, etc.
- Run predictions using Excel and Python for index rebalances and monitor the rebalance trade from start to finish (prediction phase through reversion)
- Follow corporate actions and conduct forward looking analysis to estimate index impact and resulting trade sizes
- Trade index rebalances after receiving necessary licenses
- Follow markets and contribute ideas for trading and hedging strategies
- Despite primary affiliation with Portfolio Trading desk, interact with every desk on the Equity trading floor and their clients
Benefits
- Access to paid time off
- Resources and support to our employees
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What This Job Offers
Job Type
Full-time
Career Level
Manager
Education Level
No Education Listed
