VP/Director, Delta One Trading

About Clear Street: 

Clear Street is building modern infrastructure for capital markets. Founded in 2018 by industry veterans, Clear Street is an independent, non-bank prime broker designed to solve the industry’s most neglected problem: legacy technology. 

We have built a proprietary, cloud-native, clearing and custody system to replace the legacy infrastructure used across capital markets, improving speed, access, and service for our clients. Today, we offer emerging managers and institutions everything they need to trade U.S. equities and options. In the future, our single-source platform will serve multiple investor types, across multiple asset-classes, on a global scale. 

By combining highly-skilled product and engineering talent with seasoned finance professionals, we’re building the essentials to compete in today’s fast-paced markets.

The Role: 

As a VP/Director level Trader based in New York on our Delta One desk, you will have an opportunity to combine the disciplines of risk management, research and technology to create optimal trading and investment strategies within our regulatory framework. The team is looking for an experienced trader who will actively contribute and help grow the business. 

What you will do:

• Trade multiple Delta One products, including but not limited to ETFs, equities (both GC & HTB), Total Return Swaps, and Create-to-Lend
• Advancing existing strategies and developing new strategies using automated, statistical and machine learning techniques
• Identifying new markets in which to deploy trading strategies and introduce new research directions
• Research and analyze trends across major financial markets and cultivate a thorough understanding of current world events and their impact across financial markets
• Investigate the potential application of existing strategies to new asset classes
• Perform post-trade analysis of strategies while utilizing custom technology systems
• Communicate relevant news, market events, and system behaviors to team members
• Collaborating with software engineers to implement trading strategies and system features
• Contributing to the development of analytical tools

The Team:

The Delta One team focuses on providing financing liquidity to our clients as well as the broader equity derivatives market. Our team has a culture that values hard work, drive, integrity, and a desire to learn and improve.

Requirements: 

• A bachelor’s, master’s, or PhD in mathematics, statistics, engineering, computer science, or related quantitative analytical field
• 4-8+ years of experience on a Delta One desk in a bank, proprietary trading, or market making environment
• Broad experience trading in Asia and knowledge of market regulations
• Demonstrable experience in successfully building and managing trades
• Advanced quantitative, analytical and problem solving skills and the ability to deploy those skills during time-sensitive situations
• A deep curiosity of analyzing large data sets using your knowledge of probability and statistics
• Experience programming in Python, R, C++ or similar languages
• Proficient in Microsoft Excel, VBA
• Are adaptive, self-motivated, enjoy challenges and significant responsibility, and thrive in fast-paced, competitive environments
• The ability to communicate effectively and work well in teams

We Offer: 

The Base Salary Range for this role is $200,000- $250,000. This range is representative of the starting base salaries for this role at Clear Street. Where a candidate falls in this range will be based on job related factors such as relevant experience, skills, and location. This range represents Base Salary only, which is just one element of Clear Street's total compensation. The range stated does not include other factors of total compensation such as bonuses or equity.

At Clear Street, we offer competitive compensation packages, company equity, 401k matching, gender neutral parental leave, and full medical, dental and vision insurance. Our belief has always been that we are better as a business when we are all together in person. As such, beginning on January 2, 2023, we are requiring employees to be in the office 4 days per week. In-office benefits include lunch stipends, fully stocked kitchens, happy hours, a great location, and amazing views.

Our top priority is our people. We’re continuously investing in a culture that promotes collaboration. We help each other through challenges and celebrate each other's successes. We believe that modern workplaces succeed by virtue of having high-performance workforces that are diverse — in ideas, in cultures, and in experiences. We put in the effort to make such a workplace a daily reality and are proud to be an equal opportunity employer.