Proprietary Risk Trader

DRW; Singapore; On-site; SGD 100,000 - 150,000; Full time

Job summary

A diversified trading firm in Singapore is seeking a Proprietary Risk Trader focusing on ETFs and index futures. The role involves managing trading strategies, analyzing market flows, and improving trading models. Candidates should have over 5 years of trading experience and strong Python skills. The ideal applicant will also have insights into Asia markets and a profitable trading track record.

Qualifications

• 5+ years as a trader in ETFs or index futures.
• Experience in Asia markets (HK/SG/JP/KR/TW).
• Strong Python skills for data analysis.

Responsibilities

• Build and manage discretionary & semi-systematic trading strategies.
• Run ETF market-making and index arbitrage.
• Analyze market flows to generate tradeable insights.

Skills

ETF trading

Index futures

Python

Market analysis

Risk management

Corporate actions understanding

Mandarin/Cantonese

Job description

DRW is a technology-driven, diversified principal trading firm. We trade our own capital at our own risk, across a broad range of asset classes, instruments and strategies, in financial markets around the world. As the markets have evolved over the past 25 years, so has DRW – maximizing opportunities to include real estate, cryptoassets and venture capital. With over 1,000 employees around the world, we work together to solve complex problems, challenge consensus and deliver meaningful results. It’s a place of high expectations, deep curiosity and thoughtful collaboration.

We are seeking a Proprietary Risk Trader who is focused on ETFs, Single Stocks or Futures to join one of our Global Trading teams.

What you’ll do in this role

• Build, execute, and risk-manage discretionary & semi-systematic strategies end-to-end across ETFs and index futures.
• Run ETF market-making and index arbitrage (cash–futures/TRS basis, baskets), and contribute to central risk book decisions to internalize flow and optimize inventory/hedging.
• Analyse flows & themes (macro, microstructure, corporate actions) to generate tradeable hypotheses and P&L.
• Partner with developers/quants to improve models, data pipelines, and execution tooling (Python-first culture).
• Drive execution quality: route selection, algo parameters, participation, and post-trade attribution.
• Contribute to desk risk positioning and runbooks; uphold controls (price bands, notional caps, borrow/recall awareness).

Requirements

• 5+ years as a trader in ETFs or index futures (prop/MM/sell-side delta-one).
• Asia markets experience (HK/SG/JP/KR/TW at minimum). Onshore China (QFI/Stock Connect, futures) is a strong plus.
• Hands-on exposure to ETF MM, index arbitrage, and/or central risk book workflows.
• Strong Python (pandas/numpy; quick prototyping/backtests; comfort with data hygiene & attribution).
• Ability to translate macro/news into positioning; understanding of microstructure (auctions, halts/LULD, tick/lot, fee tiers) and SBL/borrow dynamics.
• Profitable track record in equities/futures (high-level P&L drivers and risk used to achieve it).
• Nice to have: experience within internalization/crossing frameworks; broker algo tuning (VWAP/TWAP/POV).
• Corporate-actions & index events playbooks; AP/issuer interactions for Cr/Rd.
• Mandarin/Cantonese language skills (for brokers/issuers/reg materials) are a plus.

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