Junior Trader - Proprietary Trading

Saragossa; Chicago (IL); On-site; USD 75,000 - 125,000; Full time

Job summary

Saragossa is hiring a Junior Trader for its fixed income team. You will identify relative value opportunities, support execution and monitor risk while learning how a proprietary desk operates.

Daily tasks include tracking market moves, liquidity, and macro developments, analysing positions and building tools to aid trading decisions. You will collaborate with senior traders, research, risk and operations, with a strong emphasis on learning and staying engaged during busy markets.

Qualifications

• Minimum six months of experience on a relative value trading desk.
• Exposure to fixed income is preferred.
• Disciplined approach and ability to take feedback and apply it.

Responsibilities

• Track market moves, liquidity and macroeconomic developments.
• Analyse positions and build tools that support trading decisions.
• Work closely with senior traders, research, risk and operations.

Skills

Relative value trading

Fixed income

Market tracking

Attention to detail

Job description

Looking to build your career in fixed income trading, working directly alongside a head trader.

A proprietary trading firm is hiring a Junior Trader to join its fixed income team. You’ll help identify relative value opportunities, support execution and monitor risk, developing your understanding of how a proprietary trading desk operates.

Your day will involve tracking market moves, liquidity and macroeconomic developments, analysing positions and building tools that support trading decisions. You’ll work closely with senior traders, research, risk and operations, with plenty to learn and a requirement to stay engaged when markets get busy.

You’ll need at least six months of experience on a relative value trading desk, ideally with exposure to fixed income. A disciplined approach, attention to detail and the ability to take feedback and apply it will be key.

This suits someone who enjoys following markets, wants to understand the reasoning behind each trade and is prepared to put in the work to develop.

Up to 125k base + bonus.

The position is based on-site in the Chicago area.