Junior Equities Trader

Schonfeld; Carpinteria (CA); On-site; USD 120,000 - 140,000; Full time

Job summary

A leading investment firm is seeking a Junior Trader for its New York office. The role involves executing equity orders, collaborating with traders, and managing relationships. Candidates should have a passion for trading and a foundational understanding of equities markets.

Qualifications

• Some knowledge of equities markets is required.
• Fluency with trading technology and execution management systems.

Responsibilities

• Execute equity order flow using high and low touch execution channels.
• Collaborate with Traders and Portfolio Managers on positions and market dynamics.
• Manage counterparty relationships and commission schedules.

Skills

Attention to Detail

Analytical Skills

Communication

Education

Academic credentials in finance

Economics

Tools

Bloomberg

Job description

We are seeking a Junior Trader to join the fundamental equities trading team at Schonfeld in our New York office. You will have a passion for trading and an understanding of the equities trading market, proactively collaborating with other Traders, Portfolio Managers, and other teams cross-functionally to support the trading execution activities. You will create strong relationships across internal / external stakeholder groups and be able to communicate effectively and work well with others.

What you'll do

• Execute equity order flow using high and low touch execution channels and using our execution management system
• Contribute to best practice execution on trades and ensure the desk is always providing best execution service to Portfolio Managers
• Proactively collaborate with our Traders / Portfolio Managers to discuss positions, flows, and market dynamics
• Extract useful market color and flow information from our trading counterparties and other sources
• Liaise with our Front Office Technology group on various process and workflow improvements
• Contribute to and help manage our counterparty relationships and commission schedules

What you'll bring

What you need :

• Academic credentials in finance, economics or related field
• Some knowledge of equities markets is required
• Demonstrable understanding of general market protocol and etiquette, equity pricing and positioning
• Knowledge around broker-sponsored algorithms, broker cash desks, dark pools and DMA facilities (not required, but a plus)
• Fluency with trading technology, execution management systems and order management systems
• Commitment to the highest ethical and professional standards
• Strong attention to detail
• Deep curiosity and strong analytical skills
• Experience / Familiarity with Bloomberg

We'd love it if you had :

• Institutional equity trading experience

Our Culture

The firm's ethos is embedded in our people. 'Talent is our strategy' is our mantra and drives how we approach all initiatives at the firm. We believe our success is because of our people, so putting our talent above all else is our top priority.

Schonfeld strives to create an environment where our people can thrive. We foster a teamwork-oriented, collaborative environment where ideas at any level are encouraged and shared. The development and advancement of our talent is honed through interactions with each other, learning & educational offerings, and through opportunities to make impactful contributions.

At Schonfeld, we strive to cultivate a sense of belonging throughout all of our employees with Diversity, Equity and Inclusion at the forefront of this mission. As a firm we are committed to creating a hiring process which is not only fair, but also welcoming and supportive. On a daily basis, our employees welcome diversity across identity, thought, people and views which serves as the foundation of our culture and success. You can learn more about our DEI initiatives here - Belonging @ Schonfeld.

Who we are

Schonfeld Strategic Advisors is a multi-manager platform that invests its capital with Internal and Partner portfolio managers, primarily on an exclusive or semi-exclusive basis, across four trading strategies; quantitative, fundamental equity, tactical trading and discretionary macro & fixed income. We have created a unique structure to provide global portfolio managers with autonomy, flexibility and support to best enable them to maximize the value of their businesses.

Over the last 30 years, Schonfeld has successfully capitalized on inefficiencies and opportunities within the markets. We have developed and invested heavily in proprietary technology, infrastructure and risk analytics and continue to capitalize on new opportunities. In 2021 we launched our newest strategy, discretionary macro & fixed income as part of the continual growth of Schonfeld's investible universe. Our portfolio exposure has expanded across the Americas, Europe and Asia as well as multiple asset classes and products.

The base pay for this role is expected to be between $120,000 and $140,000. The expected base pay range is based on information at the time this post was generated. This role may also be eligible for other forms of compensation such as a performance bonus and a competitive benefits package. Actual compensation for the successful candidate will be determined based on a variety of factors such as skills, qualifications, and experience.