Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Join our Discretionary Trading team to assist with portfolio monitoring and trading strategies.
- Company: A collaborative organisation focused on innovative trading strategies across various asset classes.
- Benefits: Enjoy competitive salary, potential bonuses, health benefits, and 401(k) contributions.
- Why this job: Gain hands-on experience in trading while working closely with senior traders and researchers.
- Qualifications: Recent graduates with a quantitative degree and programming skills, preferably in Python.
- Other info: This role offers mentorship and the chance to develop essential trading skills.
The predicted salary is between 36000 - 60000 £ per year.
We are looking to hire recent graduates to join our Discretionary Trading team. As a Junior Discretionary Trader, you will have the opportunity to work alongside our senior discretionary traders, who will provide on the desk training and mentorship. Your goal will be to help maintain target portfolio positions by assisting the senior traders with daily portfolio monitoring, maintenance, and hedging.
As a collaborative organization, our discretionary traders work closely with quantitative researchers to leverage our world-class research platform to improve both discretionary and systematic strategies. You will leverage and develop a broad range of skills including fundamental and macro analysis, research, portfolio construction, risk management and execution. We currently run discretionary strategies in Equities, Commodities, Rates/FX, and Credit including Volatility trading across all asset classes. If you have an interest in trading and would like to learn how to manage your own risk over time, we encourage you to apply.
- 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
Required Qualifications:
- 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.
The minimum base salary for this role is $60,000 if located in New York. This expectation is based on available information at the time of posting. 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. Successful candidates’ compensation and benefits will be determined in consideration of various factors.
Junior Discretionary Trader employer: Squarepoint Capital
Contact Detail:
Squarepoint Capital Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Junior Discretionary Trader
✨Tip Number 1
Familiarise yourself with the latest trends in discretionary trading and the specific asset classes mentioned in the job description. This will not only help you understand the role better but also allow you to engage in informed discussions during interviews.
✨Tip Number 2
Network with professionals in the trading industry, especially those who work in discretionary trading. Attend relevant webinars or local meetups to build connections that could lead to valuable insights or referrals.
✨Tip Number 3
Brush up on your programming skills, particularly in Python, as it's a strong preference for this role. Consider working on small projects or contributing to open-source trading algorithms to showcase your abilities.
✨Tip Number 4
Prepare to discuss your understanding of risk management and portfolio construction. Think of examples from your studies or internships where you applied these concepts, as they will be crucial in demonstrating your fit for the role.
We think you need these skills to ace Junior Discretionary Trader
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant coursework, internships, or experiences that align with the role of a Junior Discretionary Trader. Emphasise any quantitative skills and programming languages, especially Python.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for trading and your eagerness to learn from senior traders. Mention specific skills you possess that would benefit the team, such as your analytical abilities or teamwork experience.
Highlight Relevant Skills: In your application, clearly outline your programming skills and any experience with risk management or portfolio analysis. This will demonstrate your readiness for the responsibilities of the role.
Show Enthusiasm for Collaboration: Since the role involves working closely with senior traders and quantitative researchers, express your enthusiasm for collaboration and learning from others in your application. This can set you apart as a candidate who values teamwork.
How to prepare for a job interview at Squarepoint Capital
✨Showcase Your Analytical Skills
As a Junior Discretionary Trader, you'll need strong analytical abilities. Be prepared to discuss any relevant coursework or projects that demonstrate your skills in fundamental and macro analysis, as well as portfolio construction.
✨Demonstrate Your Programming Knowledge
Since programming skills are essential for this role, make sure to highlight your experience with Python or any other major programming languages. Be ready to discuss specific projects where you applied these skills.
✨Emphasise Team Collaboration
This position requires working closely with senior traders and quantitative researchers. Share examples of how you've successfully collaborated in team settings, showcasing your communication skills and ability to work under pressure.
✨Prepare for Fast-Paced Scenarios
The trading environment is dynamic and fast-paced. Think of instances where you've thrived in similar situations, and be ready to explain how you manage urgency and maintain focus while executing complex tasks.
