Junior SBL Trader – Prime Brokerage

Tiger Brokers Hong Kong; Hong Kong; On-site; HKD 420,000 - 780,000; Full time

Job summary

Tiger Brokers Hong Kong is seeking a Junior SBL Trader to join our Prime Brokerage team, focusing on stock borrowing and lending and securities financing activities.

The role collaborates with counterparties, clients, operations and internal teams to support trading execution, inventory management, financing and revenue generation. A fast-paced environment awaits, with emphasis on risk controls and efficient settlement.

Qualifications

• 2-3 years direct experience in SBL, Repo, securities lending or related trading role.
• Experience with broker-dealers, prime brokerage platforms, or institutional clients is preferred.
• Strong understanding of securities lending and financing markets, borrow availability and lending rates.
• Excellent analytical and numerical skills with market awareness.

Responsibilities

• Execute and manage stock borrowing and lending transactions, focusing on borrow availability, utilization and P&L.
• Monitor market conditions, borrow availability, lending rates, liquidity and supply/demand dynamics.
• Support day-to-day management of SBL and securities financing positions and optimize financing costs and returns.
• Monitor hard-to-borrow stocks, recalls, buy-ins, rate movements and market events relevant to the SBL book.
• Monitor SBL/financing positions and assess market, counterparty and liquidity risks.
• Conduct analysis on borrow availability, exposure, utilization and financing costs.
• Escalate risks and market irregularities within risk/compliance parameters.

Skills

SBL trading

Repo experience

Securities financing

Market liquidity

Excel

Python

SQL

Communication skills

English

Mandarin & Cantonese

Tools

Excel

Python

SQL

Trading platforms

Job description

We are looking for a Junior SBL Trader to join our Prime Brokerage business, focusing on stock borrowing and lending (SBL) and securities financing activities. The role will work closely with counterparties, clients, operations, and internal teams to support trading execution, inventory management, financing and revenue generation.

The ideal candidate should have direct hands-on experience in SBL, Repo, or Securities Financing, with a solid understanding of market liquidity, borrow availability, pricing and trading dynamics.

Key Responsibilities

• Execute and manage stock borrowing and lending transactions, with a focus on improving borrow availability, utilization and trading P&L.
• Monitor market conditions, stock borrow availability, lending rates, liquidity and supply/demand dynamics to identify trading and financing opportunities.
• Support day-to-day management of SBL and securities financing positions and optimize financing costs and returns.
• Monitor hard-to-borrow stocks, recalls, buy-ins, rate movements and other market events relevant to the SBL book.
• Monitor SBL / financing positions and assess associated market, counterparty and liquidity risks.
• Conduct analysis on borrow availability, exposure, utilization and financing costs.
• Escalate potential risks and market irregularities in a timely manner and ensure activities are conducted within internal risk and compliance parameters.

Counterparty & Client Management

• Maintain day-to-day communication with lenders, borrowers, brokers and other market counterparties.
• Negotiate borrowing/lending rates, terms and availability where appropriate.
• Develop and maintain strong relationships with key counterparties to improve access to inventory and financing opportunities.
• Support client and counterparty enquiries relating to borrow availability, rates, recalls and settlement.

Trade Settlement & Operational Coordination

• Work closely with Operations and relevant internal teams to ensure accurate and timely settlement of SBL / Repo transactions.
• Reconcile trade details, monitor stock movements and resolve settlement discrepancies or fails.
• Follow up on recalls, buy-ins, corporate actions and other post-trade matters related to financing transactions.

Business & System Development

• Work with technology and product teams to improve SBL / financing workflows, trading tools, pricing and automation.
• Provide market and user feedback for system enhancements and participate in UAT and implementation.
• Support the development of trading strategies, monitoring tools and reporting capabilities for the SBL business.

Requirements

• 2-3 years of direct experience in SBL, Repo, securities lending, securities financing, or a closely related trading role.
• Candidates without direct hands-on SBL / Repo / securities financing experience will not be considered.
• Strong understanding of securities lending and financing markets, including borrow availability, lending rates, recalls, buy-ins, utilization and liquidity.
• Experience working with broker-dealers, prime brokerage platforms, institutional clients or market counterparties is highly preferred.
• Strong analytical and problem-solving skills, with good numerical and market awareness.
• Able to work in a fast-paced trading environment and respond effectively to time-sensitive market situations.
• Good communication skills and ability to work closely with Trading, Operations, Risk, Compliance and Technology teams.
• Fluency in English, Mandarin and Cantonese.
• Strong Excel skills; experience with Python, SQL or other data/trading tools is a plus.

Preferred Background

Candidates from the following backgrounds are particularly relevant: