SECURITIES LENDING TRADER

Position

• Securities Lending Trader
• Zürich
• Finance
• 100%

Tasks

• Trade and price securities loan and borrow, negotiate fees, transactions rules including settlement details and transaction terms such as security 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 utilisation 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, put backs, extension) and act proactively
• Assess collateral eligibility, haircut, margin requirements and the further securities lending requirements, including scarce or “hard-to-borrow” securities and identify opportunities to earn lending revenue or reduce borrow costs
• Monitor corporate actions, evaluate the impact of dividends, coupons or recapitalisations on lending agreements and to ensure payments are made on schedule
• Develop counterparties relationships, maintain strong access to secure scarce, innovative investment opportunities and make Leonteq’s offering more attractive
• Coordinate across teams, work with Treasury, Trading, Structuring, Legal, Risk, Operations, Technology and Developers to implement practical solutions
• Build effective working relationships with Operations and other functions to ensure smooth execution and reduce operational risk
• Maintain compliance, operate within trading mandates, credit limits, and position limits

Requirements

• University degree in Finance, Economics, Mathematics or a related discipline
• Minimum 3 - 5 years of relevant professional experience, with experience in Securities Lending, Securities Finance, Repo or Derivatives or a related subject
• Demonstrated ability to actively trade and identify revenue opportunities while maintaining a disciplined approach to risk
• Thorough understanding of equity and fixed-income settlement mechanics, 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, working closely with data, quantitative analysis and automation, working 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, with an appetite for continuous 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 with a structured and logical approach to work
• Advanced Excel skills and proficiency in one or more of SQL, Python and other programming languages
• A strong work ethic, positive attitude and high level of energy, drive and a commitment to your own self-motivation
• A collaborative team player who is also comfortable taking ownership of processes and working autonomously in a dynamic and constantly changing environment

Benefits

• Experience the dynamics of a leading fintech company
• Insight opportunities across all departments to understand and build cross-functional expertise
• Modern offices in exceptional location