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Junior Portfolio Finance Trader

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Hudson River Trading

Dec 21

  • Job
    Full-time
    Junior & Mid Level
  • Data
    Banking & Finance
  • London

AI generated summary

  • You need 2-4 years in equity/portfolio finance, strong EMEA market knowledge, proficiency in Python and SQL, great communication skills, and a detail-oriented, composed approach under pressure.
  • You will manage securities operations, communicate with counterparties, oversee financing costs, optimize broker efficiencies, handle dividends, enable trading, and document processes.

Requirements

  • 2-4 years of market experience within equity finance, portfolio finance, or buy-side treasury function.
  • Strong knowledge of EMEA equity financing markets, prime brokerage funding models, FX, and equity synthetics.
  • Analytical mindset, curiosity, and strong cross-functional communication skills.
  • Proficiency in Python, SQL, and other technical skills, as well as a keen interest to further develop these skillsets.
  • Proven ability to maintain composure in stressful situations.
  • Meticulous attention to detail and a desire to maintain accuracy while processing large amounts of information within finite timelines.

Responsibilities

  • Effectively manage operational matters (securities borrowing and lending, locates, dividends, fails, buy-ins, as well as prime and synthetic financing).
  • Communicate daily with counterparties, prime brokers, internal traders, and various internal operations support teams in multiple regions.
  • Manage the distribution and integrity of all financing costs charged by prime brokers and other liquidity providers to internal trading desks.
  • Optimize efficiencies across prime brokers and HRT entities to reduce costs and capital usage.
  • Drive European dividend management across a variety of custodians and products.
  • Enable trading across new markets and products.
  • Document processes and procedures.

FAQs

What is the primary focus of the Junior Portfolio Finance Trader position?

The primary focus of the Junior Portfolio Finance Trader position is on European markets, managing operational matters related to securities financing, and supporting automated trading strategies.

What qualifications are required for this role?

Candidates should have 2-4 years of market experience in equity finance, portfolio finance, or a buy-side treasury function. Strong knowledge of the EMEA equity financing markets and proficiency in Python and SQL are also required.

What responsibilities will I have as a Junior Portfolio Finance Trader?

Responsibilities include managing securities borrowing and lending, communicating with counterparties and internal teams, optimizing efficiencies across prime brokers, driving European dividend management, and documenting processes and procedures.

Is there an opportunity for mentorship in this role?

Yes, the role provides direct mentorship from a technical and highly experienced team, allowing for the development of industry experience as well as quantitative and coding skills.

Are there specific technical skills required for this position?

Yes, candidates should have proficiency in Python and SQL, as well as a keen interest in further developing these technical skills.

What kind of work environment does Hudson River Trading promote?

Hudson River Trading promotes a culture of openness and transparency, valuing diverse expertise and encouraging collaboration and innovation among colleagues.

How does HRT support employee growth and development?

HRT offers opportunities for growth through mentorship, a collaborative working environment, and the chance to tackle complex problems in a cutting-edge automation setting.

What type of candidates does HRT seek for this position?

HRT seeks candidates who are avid learners with a background in finance who have an interest in securities financing and automated trading.

Are there any specific tools or methods used to evaluate candidates during the hiring process?

Yes, HRT employs various methods to evaluate the authenticity of candidate responses and prohibits the use of AI tools during interviews or assessments unless specifically instructed.

Does HRT embrace diversity in its workforce?

Yes, HRT is proud of its diverse staff and values the unique perspectives brought by employees from various backgrounds across its global offices.

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Hudson River Trading

Finance
Industry
501-1000
Employees
2002
Founded Year

Mission & Purpose

Hudson Trading is a company engaged in proprietary trading and market-making across a wide range of financial instruments. Their ultimate mission is to generate consistent profits by leveraging their expertise in quantitative trading, advanced technology, and deep market knowledge. Hudson Trading's purpose is to provide liquidity to the financial markets, improve market efficiency, and contribute to the overall stability of the financial ecosystem. Through their trading strategies and sophisticated algorithms, they aim to identify and capitalise on opportunities in the markets while managing risk effectively. Hudson Trading plays a vital role in facilitating market transactions, ensuring smooth price discovery, and enhancing market liquidity for the benefit of market participants.

Culture & Values

  • Automation & Efficiency

    We are disciples of automation and efficiency, trading millions of times a day in markets around the globe. At its core, HRT is a small tech company with a big footprint.

  • Code of Ethics

    Our internal code of ethics far exceeds the expectations of the regulatory environment in which we operate. We are conscientious market participants advocating for fair and transparent markets for everyone. This philosophy influences every aspect of our research.

  • Make it Better

    Both as individuals and as a company we are tenacious. We are insatiable innovators looking to improve every aspect of our business. We don’t settle until we make it better.

  • Collaboration

    Collaboration sets HRT apart within our industry. We count among us many brilliant minds, but we’ve learned that the best ideas are born in a shared research and development environment.

  • Diversity, Equity and Inclusion

    At HRT, we celebrate Diversity, Equity, and Inclusion. Our culture is a reflection of the individuals – across race, gender identity and expression, age, religion and worship practices, education status, nationality, and identity – who bring their varied perspectives to work.

  • Togetherness

    HRT is a community of friends and colleagues. Whether we are sharing a meal or competing over a game of ping pong, HRT embraces a culture of togetherness that extends far beyond the walls of our office.

Benefits

  • Merit

    Our people are motivated by a culture that promotes hard work and intellect over corporate politics.

  • Comfort

    If you come to work dressed up, expect to explain what you’re doing that night for the rest of the day.

  • Meals & Snacks

    HRTers enjoy breakfast and lunch together (chef-prepared in NYC, reimbursement or catered options for other offices), healthy snacks, a coffee bar, and a well-stocked beer and wine fridge.

  • Social at HRT

    Our social calendar includes regular happy hours, outings, team dinners, and sports.

  • Play Tank

    Unwind at the end of a long day with video games, board games, foosball, or table tennis.

  • Fitness

    On-site cardio and weight room in NYC (fitness reimbursement for other offices), regular yoga classes, and a 7-Minute Workout club.

  • Vacation

    Generous paid vacation plus personal days and market holidays (or days in lieu).

  • Health

    Generously subsidized healthcare coverage, vision and company paid dental insurance, paid time off for sick days, paid medical/disability leave, and fully covered access to a mental health counselor, as well as access to the Modern Health platform.

  • Family Time

    12-week paid parental leave policy and family friendly events.

  • Education

    Tuition assistance, professional development, and on-the-job training.