At a Glance
- Tasks: Join our Discretionary Trading team and assist with portfolio monitoring and risk management.
- Company: Dynamic trading firm focused on innovation and mentorship.
- Benefits: Competitive salary, potential bonuses, health benefits, and 401(k) contributions.
- Other info: Exciting opportunity for career growth in the trading industry.
- Why this job: Learn from experienced traders while developing your skills in a fast-paced environment.
- Qualifications: Recent graduate with a quantitative degree and programming skills, preferably in Python.
The predicted salary is between 54000 - 66000 £ 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. 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.
Responsibilities:
- 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.
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 Trader in London employer: Squarepoint Capital
Squarepoint is an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation among elite professionals in the trading industry. Located in New York, employees benefit from competitive compensation packages, including discretionary bonuses and comprehensive health and wellness plans, while also having ample opportunities for professional growth and development through mentorship and training programs. Join us to be part of a forward-thinking team that values your contributions and supports your career aspirations.
StudySmarter Expert Advice🤫
We think this is how you could land Junior Trader in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Squarepoint Capital. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Junior Trader in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Squarepoint Capital.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Squarepoint Capital's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Squarepoint Capital
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Squarepoint Capital.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Squarepoint Capital will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Squarepoint Capital employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
