SECURITIES LENDING TRADER

Position

• Securities Lending Trader
• Zurich
• Finance
• 100%

Tasks

• Negotiate securities lending and borrowing transactions and fees, as well as transaction rules—including settlement details and terms such as position size, collateral, and tenor—with banks, prime brokers, and institutional investors
• Source borrowing to cover short positions, trading strategies, and settlement risk exposures
• Allocate available securities efficiently to optimize inventory utilization and borrowing costs
• Monitor daily profit and loss, positions, fees and charges, and counterparties
• Manage loan recalls, returns, and renewals; anticipate changes in a counterparty’s business practices and needs (calls, deliveries, putbacks, extensions) and act proactively
• Assess collateral eligibility, haircuts, margin requirements, and other securities lending requirements—including those for scarce or “hard-to-borrow” securities—and identify opportunities to generate lending revenue or reduce borrowing costs
• Monitor corporate actions, assess the impact of dividends, coupons, or recapitalizations on lending agreements, and ensure that payments are made on schedule
• Develop relationships with counterparties, maintain strong access to secure scarce, innovative investment opportunities, and make Leonteq’s offering more attractive
• Coordinate across teams and work with Treasury, Trading, Structuring, Legal, Risk, Operations, Technology, and Developers to implement practical solutions
• Build effective working relationships with Operations and other departments to ensure smooth execution and reduce operational risk
• Maintain compliance and operate within trading mandates, credit limits, and position limits

Requirements

• A university degree in finance, economics, mathematics, or a related field
• At least 3–5 years of relevant professional experience, including experience in securities lending, securities finance, repo, derivatives, or a related field
• Demonstrated ability to actively trade and identify revenue opportunities while maintaining a disciplined approach to risk
• A thorough understanding of the mechanics of equity and fixed-income settlement, including settlement cycles, market conventions, settlement risk management, and late deliveries
• Strong analytical skills and the ability to interpret market trends, conduct quantitative analysis and automation, and work closely with Technology and Developers to implement practical solutions
• Experience working with counterparties and internal stakeholders, with strong communication, relationship management, and negotiation skills
• Intellectual curiosity and a strong interest in financial markets, along with a desire to keep learning
• Ability to manage multiple priorities, work independently, and meet deadlines in a fast-paced trading environment
• Familiarity with legal documentation: CMSLA, GMRA, ISDA
• Strong attention to detail and a structured, logical approach to work
• Advanced Excel skills and proficiency in one or more of SQL, Python, and other programming languages
• A strong work ethic, a positive attitude, and a high level of energy, drive, and self-motivation
• A collaborative team player who is also comfortable taking ownership of processes and working independently in a dynamic and constantly changing environment

Benefits

• Experience the dynamic environment of a leading fintech company
• Opportunities to gain insights across all departments to understand and develop cross-functional expertise
• Modern offices in an exceptional location