Delta-One Index Arbitrage Trader — Asia Focus

Bohan; Hong Kong; On-site; HKD 1,800,000 - 3,200,000; Full time

Benefits offered by this job

Performance-based pay

Upside linked to strategy P&L

Job summary

Bohan seeks an experienced Delta-One Index Trader for its Asia-focused hedge fund's Hong Kong office, handling a profitable trading book across cash equities, index futures, ETFs, swaps and related instruments.

The role emphasizes market-making, relative-value and catalyst-driven strategies, with collaboration across research, quant and trading teams to optimize models and execution across Asia.

Qualifications

• Minimum 5 years of delta-one/index trading experience in Asia.
• Proven P&L track record in index arbitrage or index‑linked event strategies.
• Strong risk management, drawdown control, and capacity planning.
• Deep familiarity with Asia equity and derivatives markets (HK, CN, JP, KR, TW, IN, ASEAN).
• Understanding of futures, ETFs, swaps, basis, tracking error, funding and capital usage.
• Ability to operate in a fast-paced, disciplined trading environment.
• Excellent communication and teamwork with PMs, risk, ops and tech.

Responsibilities

• Run a risk-managed delta-one book across Asia equity indices, ETFs and index futures.
• Risk trade and optimise index arbitrage strategies (cash–futures basis, ETF vs basket).
• Develop and trade event-driven opportunities around index rebalances and corporate actions.
• Collaborate with research and quant teams to refine fair-value, liquidity, slippage and execution cost models.
• Manage intraday risk, inventory, and funding; monitor exposures across markets and sectors.
• Coordinate with sales/trading and prime brokers to source liquidity and improve execution quality.
• Contribute to tools, signals and infrastructure for delta-one and index arbitrage.

Skills

Delta-one trading

P&L track record

Risk management

Asia markets knowledge

Futures/ETFs/Baskets pricing & risk

Decision making under pressure

Communication & teamwork

Education

Finance/Economics/Mathematics/Engineering/CS degree

Job description

Bohan seeks an experienced Delta-One Index Trader for its Asia-focused hedge fund's Hong Kong office, handling a profitable trading book across cash equities, index futures, ETFs, swaps and related instruments.

The role emphasizes market-making, relative-value and catalyst-driven strategies, with collaboration across research, quant and trading teams to optimize models and execution across Asia.