Junior Discretionary Trader

Squarepoint is hiring recent graduates to join its Discretionary Trading team. The Junior Discretionary Trader will support senior traders through portfolio monitoring, maintenance, hedging, risk analysis, trade execution, and collaboration with quantitative researchers to evaluate and improve trading strategies.

What you'll do:

• Collaborate with senior traders and quantitative researchers to structure and evaluate new trading opportunities
• Generate PnL tracking and attribution reports based on trade ideas
• Monitor and analyze portfolio performance to generate risk reports
• Hedge books and allocate hedges appropriately
• Execute large or complex trades which cannot be automated due to complexity or liquidity constraints

What they're looking for:

• Recent, or soon to be graduate, with relevant course work, internship, or other applicable experience or knowledge
• Bachelor's degree in a quantitative or related field such as Mathematics, Statistics, Econometrics, Engineering, Operations Research, Computer Science, Physics, Economics, Finance
• Strong communication skills with the ability to collaborate with teammates globally
• Strong sense of urgency with the ability to work well in a fast-paced environment
• Programming skills essential, with at least one major programming or scripting language
• Strong preference for Python

Benefits:

• On the desk training and mentorship from senior discretionary traders
• This role may be eligible for discretionary bonuses, which could constitute a significant portion of total compensation.
• This role may also be eligible for benefits, such as health, dental, and other wellness plans, as well as 401(k) contributions.