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(more about Point72)
Securities Lending Trader
A Career with Point72’s Securities Lending Team
Point72’s Securities Lending Team operates within the firm’s broader Treasury division, responsible for financing the firm’s multiple asset classes by interacting directly with our prime brokers to source liquidity and negotiate financing rates. The team also utilizes data analysis to identify market trends and maximize financing efficiencies. Internally, the group works closely with the execution traders, portfolio managers, Compliance, Tax, Technology, and Operations.
Point72 is a global asset manager, trading in a multitude of financial markets around the globe. As a Securities Lending Team member, you’ll gain first-hand exposure to these markets while learning about a broad range of asset classes and how they’re financed. In the financial markets, no day is the same: you’ll encounter new challenges and new situations which will require your assistance in finding solutions.
What you’ll do
- Source stock borrow liquidity for our investment teams
- Manage stock loan allocations and costs on cash and swap positions in the Americas
- Curate borrow analytics for the business
- Work to generate additional yield on the firm’s long equity and swap positions
- Create custom swap baskets to help effectively hedge risk
- Build and maintain relationships with prime brokers and securities lenders
- Work with Point72’s Compliance group to ensure compliance with regulatory and policy requirements
- Work with the Capital Markets team to source swap capacity and negotiate financing rates on LATAM IPOs/secondary offerings
- Become a trusted, go-to person for Americas equity financing for portfolio managers, execution traders and other internal stakeholders
- Partner with Point72’s Tax group to understand firm’s tax risk and exposure
- Collaborate with Point72’s Treasury Technology group to source data, develop analytics, create reporting, and automate workflows
- Work with Point72’s Operations group to allocate positions and manage financing costs
- Provide backup securities lending coverage for global markets
- Explore new opportunities to optimize financing costs and generating new revenue in partnership with Compliance, Tax, and Operations
What’s required
- Bachelor’s degree in finance, economics, or a related field preferred
- Recent university graduate or up to two years of sell-side or buy-side experience
- A keen interest in financial markets
- Attention to detail and strong organization skills
- Ability to work under pressure in a fast-paced environment
- A team player with strong interpersonal skills while possessing the ability to work independently
- Strong math and analytical skills
- Enjoys problem solving
- Superior communication skills to effectively communicate market color to traders and portfolio managers
- Strong knowledge of Microsoft Office (Excel, Word, PowerPoint, Outlook)
- Basic proficiency or willingness to learn programming skills (VBA, Python)
- Commitment to the highest ethical standards
We take care of our people
We invest in our people, their careers, their health, and their well-being. When you work here, we provide:
- Fully-paid health care benefits
- Generous parental and family leave policies
- Volunteer opportunities
- Support for employee-led affinity groups representing women, people of color and the LGBTQ+ community
- Mental and physical wellness programs
- Tuition assistance
- A 401(k) savings program with an employer match and more
About Point72
Point72 Asset Management is a global firm led by Steven Cohen that invests in multiple asset classes and strategies worldwide. Resting on more than a quarter-century of investing experience, we seek to be the industry’s premier asset manager through delivering superior risk-adjusted returns, adhering to the highest ethical standards, and offering the greatest opportunities to the industry’s brightest talent. For more information, visit www.Point72.com/working-here.