Associate/Associate Director

National Bank of Canada; New York (NY); On-site; USD 150,000 - 225,000; Full time

Benefits offered by this job

Medical, dental, vision insurance

401(k) plan with matching

Flexible PTO

Tuition reimbursement

Paid parental leave

Job summary

A leading financial institution in New York seeks an Associate/Associate Director for its Global Securities Finance team. This role involves supporting trading in hard-to-borrow strategies and requires strong programming skills in Python, SQL, and VBA alongside analytical abilities. Candidates should possess a Bachelor’s degree and 2-7 years of relevant trading experience. The organization offers competitive compensation between $150,000 and $225,000, with numerous benefits, fostering a culture of entrepreneurship and empowerment.

Qualifications

• 2–7 years of trading experience, preferably in delta one, equity finance, or related areas.
• Comfortable manipulating large datasets to identify trading opportunities.

Responsibilities

• Support trading activity in hard-to-borrow reverse conversions.
• Monitor and analyze special situations affecting the securities lending market.
• Build and maintain tools to automate trading workflows.

Skills

Strong programming skills in Python

Strong programming skills in SQL

Strong programming skills in VBA

Analytical and problem-solving skills

Intermediate understanding of Equity Options

Experience with Bloomberg Terminal

Education

Bachelor’s degree

Job description

Overview

A career as an Associate/Associate Director on the Global Securities Finance team at National Bank means contributing to a fast-paced, entrepreneurial trading desk focused on hard-to-borrow reverse conversions and other delta one strategies. In this role, you can leverage your technical skills, trading experience, and process-building mindset to make a meaningful impact on the organization.

You will be part of a team of traders in the Global Securities Finance team, and you will report to the head of Delta One Trading. Our team stands out for its entrepreneurial spirit, technical innovation, and collaborative culture.

Responsibilities

• Support trading activity in hard-to-borrow reverse conversions and other Delta one strategies
• Monitor and analyze special situations—including tenders, spinoffs, bankruptcies, and corporate actions—and assess their impact on the securities lending market
• Analyze borrow availability, rates, and utilization across equities to identify trading opportunities and inefficiencies in the securities lending market
• Build and maintain tools to automate and optimize trading workflows using Python, SQL, and VBA
• Collaborate with senior traders to identify inefficiencies and develop trading strategies
• Assist in trade booking, reconciliation, and risk monitoring
• Stay current on market developments and contribute to idea generation

Qualifications

• Bachelor’s degree and 2–7 years of trading experience, preferably in delta one, equity finance, or related areas
• Intermediate understanding of Equity Options and trading
• Strong programming skills in Python, SQL, and VBA
• Experience working with Bloomberg Terminal and Bloomberg APIs via Python and SQL preferred
• Comfortable manipulating large datasets to identify trading opportunities and inefficiencies
• Familiarity with special situations and corporate actions is preferred
• Excellent analytical and problem-solving skills
• Ability to thrive in a fast-paced, dynamic environment
• Entrepreneurial mindset with a bias toward action and continuous improvement

Compensation

In compliance with all states and cities that require transparency of pay, annual base salary range for this position is: $150,000 – $225,000. This position is eligible for variable compensation also. The amounts indicated in this job offer are in U.S. dollars.

Benefits

• Medical, dental, vision insurance
• 401(k) retirement plan participation with employer matching contribution
• Flexible spending accounts for healthcare and dependent care
• Employee and Family Assistance Program
• Flexible PTO and company paid holidays
• Tuition reimbursement
• Paid parental leave
• Wellness fund
• Short and Long Term Disability
• Basic and Buy-Up Life Insurance
• And more

We’re putting people first. We’re a bank on a human scale with a culture of courage, entrepreneurship, partnership, agility, and empowerment. We offer a barrier-free workplace that is accessible to all employees. If you require accommodation, please let us know during your first conversations with us. We welcome all candidates.