Saturday, March 24, 2012

Index Arbitrage / Delta One Trader - London


Headquartered in Atlanta, GA with 15 regional offices, Lucas Group is North America's premier executive search firm. Since 1970, Lucas Group's culture and methodologies have driven superior results. We utilize a unique combination of sophisticated technology, rigorous research, deep industry knowledge, ongoing associate training, and a broad national reach. We are trusted consultants who deliver real business value for our clients and candidates, and we are home to the finest executive recruiters. Our industry-leading Capital Markets division is based in New York.

A leading global investment banking, securities, and investment management firm seeks an Index Arbitrage or other Delta One Trader for London.


The role is in Prime Brokerage; a Trader within the financing function. The role reports up to the Global Head of Prime Brokerage Risk and Trading.

The Trading role has the following core functions:
  • Owns the global financing book for Prime Brokerage
  • Manages FX /Basis risk of the PB business
  • Owns the liquidity risk (policy and absolute risk) of the PB business
  • Own balance sheet for PB
  • The primary focus of the role will be:
    • Trading financing structures with the use of listed dervis, OTC derivs and SL relationships (all delta 1 products)
    • Trading reinvestment opportunities for excess liquidity in the PB business (using all Delta 1 products as above)
    • Trading opportunities arising from arbs across the various delta 1 products/desk – JV with SL, financing, Delta 1/SPG
The ideal candidate will be:
  • a creative trader with approximately 5 years experience;
  • experienced in the above primary focus areas of trading;
  • experienced in the Delta 1 (Index Arb, repo arb) space, but the role will likely be more origination than actual execution; and
  • self starting and opportunistic, generating Alpha from significant cash, inventory, currency and balance sheet at the traders disposal.

 Requirements(See Job Description) 

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