Proprietary Trader / Portfolio Manager

talisman; United States; On-site; USD 250,000 - 700,000; Full time

Benefits offered by this job

Profit sharing

Performance-based bonus

Job summary

Talisman in partnership with an established proprietary trading firm seeks a Portfolio Manager to run risk on their own capital with full autonomy over the book. This is a risk-taking seat with attributable P&L in dollars, not asset-management-style performance.

You will run your own book, take directional and relative value positions, and manage risk in real time with sizing and hedging. A competitive base comes with a meaningful profit split on what you generate.

Qualifications

• 4+ years of profitable P&L in dollars.
• Experience running your own risk rather than executing for others.
• Depth in one or more listed products or strategies.
• Comfort with data and execution tooling.
• Track record of performing in a high pressure, results driven environment.

Responsibilities

• Run your own book and risk with full discretion over strategy and sizing.
• Take directional and relative value positions across chosen products.
• Manage risk in real time, including sizing, hedging and adjusting exposure through changing conditions.
• Develop and scale your own strategies without a fixed house model.

Skills

Profit & Loss ownership

Own-risk management

Data-driven decisions

Execution tooling familiarity

Tools

Execution tooling

Data analysis tools

Job description

We're partnering with an established proprietary trading firm on a search for a Portfolio Manager to run risk on their own capital. This is a risk-taking seat with full autonomy over your book.

This is not portfolio management in the asset management sense, and it is not execution. You need attributable P&L in dollars from a book you ran yourself, not benchmark-relative returns.

Responsibilities

• Run your own book and your own risk with full discretion over strategy and sizing
• Take directional and relative value positions across your chosen products
• Manage risk in real time, including sizing, hedging and adjusting exposure through changing conditions
• Develop and scale your own strategies without a fixed house model

Requirements

• 4+ years of profitable P&L in dollars
• Experience running your own risk rather than executing for others
• Depth in one or more of: equity options and volatility, capital structure arbitrage, listed derivatives, ETFs and index arbitrage, FX, macro or EM FX. Other products considered where the track record is strong
• Comfort with data and execution tooling
• Track record of performing in a high pressure, results driven environment

What's on offer

New York or Chicago. Competitive base plus a meaningful profit split on what you generate. Flat structure, short decision chain, no client business and no franchise flow.