Trading Assistant, Risk Retention

Nearwater Capital, LLC; New York (NY); On-site; USD 70,000 - 120,000; Full time

Benefits offered by this job

Mentorship program

On-site work in NYC

Competitive compensation

Job summary

Nearwater Capital is seeking a Trading Assistant/Jr. Trader in New York to support trade execution, booking, and settlement across ABS, CLO, CMBS, and RMBS financing positions.

You will collaborate with senior traders and desks across Capital Markets and Liquid Markets to ensure timely and accurate trade processing. The role emphasizes attention to detail, proficiency in Excel, and clear communication to flag issues early and drive timely resolutions, with a pathway toward increased trading

Qualifications

• 2-4 years of hands-on experience as a trading assistant or in a junior trading role, specifically in fixed income cross-product trading.
• Strong attention to detail and comfort working with numbers under time pressure.
• Proficiency in Excel.
• Clear communicator who can flag issues early and follow through to resolution.

Responsibilities

• Support trade execution and booking across Risk Retention financing and securities positions.
• Confirm trade details with counterparties and internal stakeholders, resolving discrepancies quickly.
• Track positions, settlements, and cash movements, escalating breaks to senior traders.
• Coordinate with Operations and Settlements on trade lifecycle events.
• Maintain accurate trade and position records across internal systems.
• Support ad hoc market and portfolio analysis for the trading desk.

Skills

Fixed income trading

Excel

Attention to detail

Clear communication

Tools

Enfusion

Job description

Nearwater's Risk Retention team is hiring a Trading Assistant / Jr. Trader to support trade execution, booking, and settlement across the team's ABS, CLO, CMBS, and RMBS financing positions. You will work closely with senior traders and the broader Capital Markets and Liquid Markets desks to ensure trades are executed, confirmed, and settled accurately and on time.

WHAT YOU'LL DO

• Support trade execution and booking across Risk Retention financing and securities positions
• Confirm trade details with counterparties and internal stakeholders, resolving discrepancies quickly
• Track positions, settlements, and cash movements, escalating breaks to senior traders
• Coordinate with Operations and Settlements on trade lifecycle events
• Maintain accurate trade and position records across internal systems
• Support ad hoc market and portfolio analysis for the trading desk

WHAT WE'RE LOOKING FOR

Required

• 2-4 years of hands-on experience as a trading assistant or in a junior trading role, specifically in fixed income cross-product trading
• Strong attention to detail and comfort working with numbers under time pressure
• Proficiency in Excel
• Clear communicator who can flag issues early and follow through to resolution

Preferred

• CLO or CMBS trading experience in particular
• Exposure to ABS, RMBS, or other structured credit products
• Familiarity with trade settlement processes and market conventions
• Experience with Enfusion or a similar trading/order management system

HOW YOU WORK

• Enjoys small teams where everyone wears a few hats
• Comfortable with a fast pace and a full plate
• Catches small issues before they become big ones
• Adaptable when the day doesn't go as planned
• Wants to work alongside people who know more than they do
• Looks for ways to be useful without being asked

WHAT YOU'LL GET

• A front-row seat to trade execution on a specialty finance desk
• Direct mentorship from senior traders with a path toward increased trading responsibility
• Exposure across Risk Retention, Capital Markets, and Liquid Markets desks
• A small team environment where contributions are visible and valued

WHO WE ARE

Nearwater Capital is a rapidly growing and innovative specialty finance company headquartered in New York City with a global presence and client base. Established in 2017, Nearwater has distinguished itself as a leader in delivering thoughtful, solutions-based financing to some of the largest financial institutions and financial services firms in the world.

Nearwater offers an attractive market compensation and benefits package. As a creative, intellectual capital firm, Nearwater is proud to be 100% work from office.

Nearwater Capital considers all applicants without regard to race, color, religion, national origin, age, sex, civil status, family status, ancestry, physical or mental disability, veteran status, gender identity, sexual orientation, membership of the Traveller community, or any other characteristic protected by applicable law in the jurisdiction of employment. By applying, candidates acknowledge that their personal data will be processed in accordance with applicable data protection and privacy laws, including but not limited to the EU/UK General Data Protection Regulation and applicable US state privacy laws.