Trading Associate-Options

open-roles; Town of Florida (NY); On-site; USD 78,000 - 120,000; Full time

Job summary

The Tidal Financial Group seeks a Trading Associate to support ETF portfolios, execute trades in equities and options, and manage daily trading operations using Bloomberg or similar platforms.

The role requires a strong market understanding, 2+ years of experience, and a track record in institutional trading. Proximity to key US markets is preferred, with a focus on accuracy and efficiency.

Qualifications

• Bachelor’s degree in business or quantitative field.
• 2+ years of experience trading equities and options, with emphasis on options.
• Institutional/RIA trading experience.
• Proficiency with Bloomberg or similar institutional platforms.
• Strong understanding of financial markets and trading strategies.
• Excellent communication and customer service skills.
• Ability to work in a fast-paced environment.
• Proficient with MS Office, especially Excel.
• Very high level of competency in Excel.

Responsibilities

• Execute and manage trades across equities and options.
• Handle day-to-day trading operations: trade allocation, settlement, and reconciliation.
• Utilize Bloomberg or equivalent platforms for trade execution.
• Assist with rebalances, new fund launches, and custom in-kind baskets.
• Collaborate with Prime Brokers and Market Makers for best execution.
• Stay updated on market trends and trading strategies.
• Ensure performance aligns with fund objectives and value delivery.
• Collaborate with Operations to streamline trading processes.
• Provide accurate information with minimal QA support.
• Continuously improve trading operations and services.

Skills

ETF trading

Bloomberg proficiency

Strong market understanding

Excellent communication

MS Excel proficiency

Education

Bachelor's degree in business or quantitative field

Tools

Bloomberg

Job description

The Tidal Financial Group is a leading ETF investment technology platform dedicated to creating, operating, and growing ETFs. We combine expertise and innovative partnership approaches to offer comprehensive, value-generating ETF solutions.

Our platform offers best-in-class strategic guidance, product planning, trust and fund services, legal support, operations support, marketing and research, and sales and distribution services.

About the role

Tidal is seeking a highly skilled Trading Associate responsible for supporting the implementation and management of various Exchange-Traded Fund (ETF) portfolios. This role requires a deep understanding of financial markets, strong analytical skills, and a proven track record in managing portfolios within relevant risk -reward frameworks. The ETF Portfolio Management team provides portfolio management and execution services for ETF issuers.

The firm manages both active and index-based portfolios and covers most major global asset classes. This position will be closely involved in the day-to-day portfolio management functions of ETF products. The ideal candidate will have a strong background in trading equities and options. This role requires experience in using Bloomberg or other institutional trading platforms, as well as a background in financial services and back/middle office operations.

What you'll do

• Execute and manage trades across equities and options.
• Execute day-to-day duties in the Trading Operations Team, including but not limited to trade allocation, position settlement, and reconciliation of all trading.
• Utilize Bloomberg or other institutional trading platforms for efficient trade execution.
• Assist the team with rebalances, new fund launches, and custom in-kind baskets prior to taking on these tasks independently.
• Working closely with Prime Brokers and Market Makers to ensure trading best execution and fund efficiencies.
• Stay updated with market trends, economic developments, and trading strategies.
• Accountable for performance and adherence to fund objectives and delivering superior returns against direct competitors.
• Strong familiarity with Microsoft Excel and other Office applications.
• Partner with Investment/Portfolio Management team to continually improve and enhance the trading process and procedures.
• Work closely with our Operations Team to understand their needs and to build solutions that enable them to execute transactions and other operational processes effectively.
• A relentless focus on quality and ability to produce accurate information independently without extensive support/QA from others.
• Continually analyzing, reviewing and improving our operations and service as the trading business evolves.
• The individual will be expected to interact and build strong relationships with stakeholders.

Qualifications

• Bachelor’s degree, preferably in business or quantitative related, or relevant experience
• 2 or more years of experience in trading equities and options with a strong emphasis on option trading
• Institutional/RIA trading experience
• Proficiency with Bloomberg or similar institutional trading platforms
• Strong understanding of financial markets and trading strategies
• Excellent communication and customer service skills
• Ability to work in a fast-paced and dynamic environment
• Demonstrated history of solving complex problems
• Proficient with MS Office Suite
• Very high level of competency in Excel

Preferred Qualifications

• Experience with trading platforms, order management systems (OMS), and post-trade processing
• Experience working for a firm that manages 40 Act products
• Familiarity with regulatory requirements related to trading activities
• Proximity to Palm Beach Gardens or Chicago preferred