Equity Forward Trader

• Price and execute equity forward trades and other delta one instruments, ensuring optimal execution and minimizing market impact while focusing on achieving a delta of one to replicate the performance of underlying equity indices or baskets
• manage the portfolio's delta risk using dynamic hedging strategies with underlying index futures, ETFs, or single stock components, continuously monitoring and adjusting hedges to maintain a delta-neutral position
• manage financing costs for long and short positions and accurately incorporate dividend payments from underlying index constituents into pricing and hedging strategies
• handle complex corporate actions impacting underlying indices or baskets, ensuring proper adjustments to forward contracts and hedging positions
• collaborate with sales and structuring teams to understand client needs and tailor delta one solutions for their hedging or investment objectives
• implement and monitor risk management strategies, including gamma and vega management, and conduct stress tests to assess portfolio resilience
• analyze market conditions, news flow, and macroeconomic factors to identify trading opportunities and inform pricing decisions
• contribute to developing and enhancing trading systems and quantitative models for pricing, hedging, and risk management.

• Demonstrate a history of successful trading book management or close collaboration with a trading team (this is not an entry-level position)
• possess a deep understanding of equity derivatives, particularly forwards and swaps, focusing on delta one strategies
• have strong analytical and quantitative abilities to price complex instruments, manage risk, and develop trading strategies
• exhibit excellent written and verbal communication skills to build and maintain stakeholder relationships
• maintain a strong understanding of Bloomberg, booking systems, trading protocol, and closing procedures
• proficiency in Python, VBA, Bloomberg, and Excel is highly desirable.

Proficiency in Python, VBA, Bloomberg, and Excel.

• 27 days annual leave (plus bank holidays)
• a discretional annual performance related bonus
• private medical care & life insurance
• employee assistance program
• pension plan
• paid parental leave
• special discounts for employees, family, and friends
• access to an array of learning and development resources.