Senior Equity Trader - ETFs

JR United Kingdom; London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading company in the ETF sector is seeking a skilled trader to manage and execute trades for their UCITS ETF range. This role involves trading operations, collaboration with various teams, and a focus on compliance and risk management. Ideal candidates will have extensive trading experience and strong analytical skills, contributing to a fast-paced and performance-oriented environment.

Benefits

Annual discretionary bonus

Competitive benefits package

Qualifications

• 5+ years of experience in equity trading on behalf of ETFs or passive funds.
• Strong knowledge of compliance and risk considerations.

Responsibilities

• Manage trading operations across UCITS Global X ETFs.
• Collaborate with internal functions to support investment activities.
• Lead development and maintenance of trading systems.

Skills

Quantitative Skills

Analytical Skills

Communication

Teamwork

Self-Organization

Education

Degree

CFA Charterholder

Tools

Python

SQL

VBA

Job description

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Reporting into: Head of Portfolio Management

Closing date for applications: 7th June 2025

About Global X

Global X ETFs was founded in 2008. For more than 15 years, our mission has been empowering investors with unexplored and intelligent solutions. Our product lineup features more than 100 ETFs spanning disruptive technology, equity income, commodities, hard-to-access emerging markets, and more. Or simply put, we strive to offer investors something beyond ordinary. Global X is a member of Mirae Asset Global Investments, a Seoul-based global enterprise which offers asset management expertise worldwide. Explore our ETFs, research and insights, and more at globalxetfs.eu.

The role

Global X ETFs Europe is seeking an experienced and highly motivated professional to join our London based team. The role will primarily be focused on managing and executing trades for our UCITS ETF range. The trader will work closely with the Head of Portfolio Management, COO and wider teams to manage the trading for 35+ UCITS ETF portfolios, representing approximately $2+ billion AUM and predominantly invested in global equity emerging and developed markets. While the primary focus of the position is on trading and the related infrastructure, the role also includes portfolio management responsibilities. As such, prior experience in portfolio management is preferred, but not essential; a strong willingness to learn and adapt in this area is key. Additionally, the role will involve collaboration with the Product Development team on fund launches and supporting the Capital Markets team in primary and secondary market activities.

Primary Responsibilities

Trading

Manage trading operations across UCITS Global X ETFs by developing trade execution strategies to achieve individual fund’s investment objectives:

• Manage complex equity trading, including building up and disposing of large or illiquid equity positions in global emerging and developed markets
• Manage the trading and settlement of other OTC derivatives used across Global X UCITS funds
• Manage the trading of fixed income securities, mainly treasuries and TIPS with possible expansions to other fixed income assets classes

Manage onboarding of and relationships with brokers and other market participants to ensure best execution, source liquidity, and support additional initiatives

Transaction Costs Analysis – Best Execution:

• Provide close monitoring of TCA including trading commissions and fees, slippage against benchmark index, implementation shortfall, etc. on a daily basis to determine performance impact to the fund, fulfill reporting obligations, and develop optimal trading strategies for subsequent trade activities

Lead the development and maintenance of key infrastructure, including trading systems and reporting packages

Collaborate across internal functions to ensure proper operational support for investment activities:

• Work closely with broader Trading and Portfolio Management teams to provide trading feedback and develop optimal trading strategies for each of the portfolio
• Work closely with Capital Markets team to maintain rapport and working relationships with market participants: broker, authorised participants, market maker, other market participants

Work closely with Head of Portfolio Management, compliance and risk functions to identify areas of risk and develop robust controls to mitigate such risks

Maintain broad knowledge and awareness of key industry developments and trends, including with respect to emerging investment themes

• Ensuring funds track their underlying indices while adhering to regulatory restrictions and constraints
• Adding value through pragmatic and risk-controlled investment decisions
• Managing fund tracking errors and overseeing the daily operations of UCITS ETFs
• Implementing corporate actions and executing scheduled and ad hoc fund rebalances
• Calculating and attributing tracking differences on a daily and periodic basis
• Performing data analyses to support internal reporting and sales efforts

Desired Skills and Experience

• Degree required, with a preference for CFA Charterholders or candidates
• 5+ years of experience in equity trading on behalf of ETFs or passive funds
• Strong knowledge of compliance and risk considerations of operating trading function within a MIFID investment manager
• Background in portfolio management and knowledge of index methodologies a plus
• In-depth knowledge of a broad range of investment vehicles and delta-one products
• Excellent quantitative and analytical skills
• Proficiency in programming tools such as Python, SQL, and VBA is a plus
• Ability to lead projects with strong attention to detail, communication, and teamwork skills
• Ability to self organise and manage multiple tasks under high-pressure conditions
• Strict adherence to processes and protocols
• Expert knowledge of UCITS ETF microstructure, PCF basket construction, creation/redemption processes, global custody, and fund accounting
• A positive contributor to a culture of professionalism and collaboration

Global X offers a competitive salary and benefits package. Global X is a fast-paced environment geared towards performance and attractive career opportunities, with an open corporate culture that values and rewards the contributions of every individual. In addition, employees are eligible for an annual discretionary bonus and competitive benefits package. Our commitment is to make any reasonable accommodation for you in the recruitment process to give you the best opportunity to perform to your optimum in the application and interview process.