Junior Portfolio Finance Trader

Precision Labs; City of London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading trading firm in the City of London seeks a Junior Portfolio Finance Trader to join their PostTrade team. The role involves managing securities lending operations and offers mentorship to develop your skills in automated trading. Candidates should have 2-4 years of relevant experience and a strong understanding of equity financing markets. This position provides a chance to work in a collaborative and innovative environment.

Qualifications

• 2-4 years of experience in market roles related to equity finance.
• Strong knowledge of EMEA equity financing markets and funding models.
• Ability to maintain composure in stressful situations.

Responsibilities

• Manage operational matters such as securities borrowing and lending.
• Communicate daily with internal and external stakeholders.
• Optimize efficiencies across prime brokers.

Skills

Analytical mindset

Cross-functional communication

Proficiency in Python

Proficiency in SQL

Attention to detail

Job description

Overview

Hudson River Trading (HRT) is seeking a Junior Portfolio Finance Trader to join our PostTrade team with a focus on European markets. In this role, you’ll have the opportunity to learn the inner workings of our highly successful automated trading strategies, tackle complex problems, and make an immediate, tangible impact with outstanding room for growth. As part of a technical and highly experienced team, you will receive direct mentorship and develop your industry experience as well as your quantitative and coding skillsets.

The ideal candidate for this role will be an avid learner with a background in finance and an interest in securities financing and automated trading.

Responsibilities

• Effectively manage operational matters (securities borrowing and lending, locates, dividends, fails, buy-ins, as well as prime and synthetic financing).
• Communicate daily with counterparties, prime brokers, internal traders, and various internal operations support teams in multiple regions.
• Manage the distribution and integrity of all financing costs charged by prime brokers and other liquidity providers to internal trading desks.
• Optimize efficiencies across prime brokers and HRT entities to reduce costs and capital usage.
• Drive European dividend management across a variety of custodians and products.
• Enable trading across new markets and products.
• Document processes and procedures.

Qualifications

• 2-4 years of market experience within equity finance, portfolio finance, or buy-side treasury function.
• Strong knowledge of EMEA equity financing markets, prime brokerage funding models, FX, and equity synthetics.
• Analytical mindset, curiosity, and strong cross-functional communication skills.
• Proficiency in Python, SQL, and other technical skills, as well as a keen interest to further develop these skillsets.
• Proven ability to maintain composure in stressful situations.
• Meticulous attention to detail and a desire to maintain accuracy while processing large amounts of information within finite timelines.

Culture

Hudson River Trading (HRT) brings a scientific approach to trading financial products. We have built one of the world's most sophisticated computing environments for research and development. Our researchers are at the forefront of innovation in the world of algorithmic trading.

At HRT we welcome a variety of expertise: mathematics and computer science, physics and engineering, media and tech. We’re a community of self-starters who are motivated by the excitement of being at the cutting edge of automation in every part of our organization—from trading, to business operations, to recruiting and beyond. We value openness and transparency, and celebrate great ideas from HRT veterans and new hires alike. At HRT we’re friends and colleagues – whether we are sharing a meal, playing the latest board game, or writing elegant code. We embrace a culture of togetherness that extends far beyond the walls of our office.

Feel like you belong at HRT? Our goal is to find the best people and bring them together to do great work in a place where everyone is valued. HRT is proud of our diverse staff; we have offices all over the globe and benefit from our varied and unique perspectives. HRT is an equal opportunity employer; so whoever you are we’d love to get to know you.

At Hudson River Trading (HRT) we are mathematicians, computer scientists, statisticians, physicists and engineers. We research and develop automated trading algorithms using advanced mathematical techniques. We have built one of the world's most sophisticated computing environments, and our researchers are at the forefront of innovation in the world of algorithmic trading. HRT’s founding partners graduated from Harvard and MIT with degrees in computer science and mathematics, and founded HRT in 2002. Armed with programming skills and sharp quantitative minds, the founders hypothesized that by applying a fresh take to trading stocks, one that truly leverages the power of technology, they could meaningfully impact a world still dominated by manual operators. Very quickly, their algorithms saw success in the markets and HRT grew from their origins in US equities to a global, multi-asset class trading firm. Today HRT employs over 800 brilliant minds from a variety of disciplines—from highly technical to deeply mathematical to the liberal arts. We are critical thinkers and eager automators, chasing new solutions to any problem we encounter. We trade on nearly all of the world’s electronic markets, and are a leading voice for fair and open markets. Our internal code of ethics far exceeds the expectations of the regulatory environment in which we operate. We are conscientious market participants advocating for fair and transparent markets for everyone. This philosophy influences every aspect of our research.