Associate, Equity Derivatives Trading (Corporate)

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What You’ll Be Doing

As a junior trader, you will help run and grow our Corporate/Issuer Equity Derivatives franchise. You will assist in pricing, hedging, booking, and risk-managing the full corporate product suite, including Forward Sales, Convertible-linked Call Spreads and Capped Calls, Prepaid Variable Forwards and Collars, and Accelerated Share Repurchases. Additionally, you will support institutional notes business lines such as Buy-Writes and Synthetic Convertibles.

How You’ll Succeed

- Run the book day-to-day, supporting pricing and marks, and executing and managing delta and other hedges.

- Own the trade lifecycle end-to-end, from execution through settlement, including physical-share/144A mechanics and the segregated physical-shares account.

- Partner with the structurer and quant teams to implement new instruments and validate their pricing, booking, and lifecycle.

- Work alongside Trade and Product Control to reconcile bookings and P&L across the client, hedge, and funding legs.

- Coordinate with Financial Resources and Treasury to ensure borrow and funding costs don’t quietly erode deal P&L.

- Build the desk’s operational infrastructure—deal database, hedging and payout tools, and automated daily reporting—replacing manual workarounds with reliable, repeatable tooling.

Who You Are

- This is a genuine trading track: the desk lead currently holds the risk book, and the right hire will grow from managing its mechanics into taking risk as they develop. While a strong risk-taking instinct is a genuine plus, it is a secondary concern rather than the primary requirement. The ideal candidate is a resourceful junior based in New York, with exposure to corporate and equity derivatives and real trade-lifecycle fluency, who wants to sit on a desk, learn the book thoroughly, and help build the business.