Delta One Swaps Trader

Macquarie Bank Limited; New York (NY); On-site; USD 200,000 - 300,000; Full time

Benefits offered by this job

Wellbeing leave day per year

Parental leave (20 weeks) for primary/

Paid transition leave and secondary

Volunteer leave and matching donations

Comprehensive health/dental/vision and

Job summary

Macquarie Bank Limited in New York is seeking a Delta One Swaps Trader to price, execute and optimize Delta One equity total return swaps across global markets. You will build relationships with market participants to secure access to securities and enhance market intelligence, while driving revenue opportunities.

The role requires at least 5+ years in Delta One trading, strong knowledge of equity finance and market structure, and a quantitative/tech-driven mindset.

Qualifications

• At least 5+ years of relevant experience trading Delta 1 products within a US sell-side environment.
• Strong expertise in equity swaps, equity finance, and Delta 1 market structure with a proven revenue track record.
• Some familiarity with Python and a strong quantitative/tech-driven mindset.
• Demonstrated ability to identify and develop new trading strategies and commercial opportunities.
• Strong understanding of risk management, balance sheet optimization, and regulatory considerations.

Responsibilities

• Price, execute and manage risk for Delta One equity total return swaps.
• Build and manage relationships with key market participants to access securities and enhance market intelligence.
• Identify and capitalize on new trading and revenue opportunities.
• Collaborate with trading, sales, technology, and risk functions to strengthen the platform and client solutions.

Skills

Delta One trading

Equity swaps

Equity finance

Python

Quantitative mindset

Trading strategies

Risk management

Relationship management

Decision making under pressure

Education

Quantitative degree (Engineering, CS, Math, Physics)

Tools

Python

Job description

Join Macquarie’s Equity Finance team in New York as a Delta One Swaps Trader. This is an exciting opportunity to collaborate with a high-performing team to execute and optimize delta-one trading strategies across a diverse range of global markets.

We are a global financial services group operating in 30 markets with 57 years of unbroken profitability. At Macquarie, you’re empowered to shape a career that is fulfilling and creates value. You will bring your insights and expertise to the task at hand and feel supported as you make your own kind of impact for a better future.

What role will you play?

As part of our collaborative team, you'll play a key role in driving business growth and contributing to the success of the franchise. In this role, you'll build and manage relationships with key market participants to secure access to important securities, enhance market intelligence, and optimize trading book performance. You'll be responsible for the pricing, execution, and risk management of Delta One equity total return swaps, while identifying and capitalizing on new trading and revenue opportunities. Additionally, you will expand and develop strategic counterparty relationships, partnering closely with colleagues across trading, sales, technology, and risk functions to strengthen the platform and deliver client solutions.

What you offer

• At least 5+ years of relevant experience trading Delta 1 products within a US sell-side environment
• Strong expertise in equity swaps, equity finance, and Delta 1 market structure, with a proven track record of revenue generation
• Some familiarity with Python is a plus, along with a strong quantitative and technology-driven mindset
• Demonstrated ability to identify and develop new trading strategies and commercial opportunities
• Strong understanding of risk management, balance sheet optimization, and regulatory considerations within the equity finance and Delta 1 business
• Proven relationship management skills with counterparties, clients, and internal stakeholders
• Ability to work effectively in a fast-paced environment and exercise sound judgment under pressure
• A quantitative degree (such as Engineering, Computer Science, Mathematics, Physics, or a related discipline) is preferred, but not required

Salary range: $200,000–$300,000 per year. Actual salary may vary based on your experience, performance, and location. You may also be eligible for an annual incentive award. Macquarie offers a comprehensive benefits package, including medical, dental, vision, paid time off, holidays, 401(k), and other perks.

What we offer

• 1 wellbeing leave day per year and a minimum of 25 days of annual leave
• 20 weeks’ paid parental leave for primary caregivers along with 12 days of paid transition leave upon return to work and 6 weeks’ paid leave for secondary caregivers
• 2 days of paid volunteer leave and donation matching
• Benefits and initiatives to support your physical, mental and financial wellbeing such as medical, prescription drug, dental, and vision insurance; health savings account and dependent day care savings account; life insurance, disability, and other insurance plans; 401(k) and short/long term disability
• Access to our Employee Assistance Program, a robust behavioural health network with counselling and coaching services
• Access to a wide range of learning and development opportunities, including reimbursement for professional membership or subscription
• Recognition and service awards
• Hybrid and flexible working arrangements, dependent on role
• Reimbursement for work from home equipment

About Commodities and Global Markets

Commodities and Global Markets is a global business offering capital and financing, risk management, market access, physical execution and logistics solutions to its diverse client base across Commodities, Financial Markets and Asset Finance.

Inclusion at Macquarie

We are committed to providing an inclusive environment for all, where different experiences, skills and perspectives are valued and respected. Macquarie provides access to opportunities for all individuals regardless of race, colour, religion, sex, sexual orientation, national origin, age, disability, protected veteran status, genetic information, marital status, gender identity or any other characteristic or circumstance.
We provide reasonable accommodation to individuals who may need support during the recruitment process and employment. If you require an accommodation, please let us know during the application process.