Shift Trader at Squarepoint Capital

Working Hours: This role requires working on shifts to support 24/7 coverage across regions

Team: Central Trading & Monitoring

Role Overview

Squarepoint is building a Central Trading & Monitoring team to ensure around-the-clock supervision of trading activities and operational processes. As a Shift Trader, you will play a critical role in risk management, trade oversight, operational lifecycle management, and incident response. You will also actively contribute to the automation and efficiency of the team’s workflow by developing tools and scripts to streamline monitoring and trading operations.

Responsibilities

Day-to-day remit:

• Active Risk Monitoring:
  • • Monitor real-time exposures across Squarepoint’s trading activities
    • Proactively raise alerts and escalate incidents as required
    • Execute hedging actions following established procedures
    • Monitor profit and loss, and risk metrics, ensuring continuity during market holidays

• Production Monitoring:
  • • Oversee systematic trading strategies, including restarting as needed
    • Respond to alerts and ensure the smooth operation of trading processes
    • Support internal teams with issue escalation and resolution

• Ad-hoc Trading & Operations Tasks:
  • • Perform ad-hoc hedging and booking tasks as they arise
    • Support pilots and special initiatives
    • Respond to diverse requests from internal and external stakeholders

Additional oversight areas (as activity scales):

• Monitor market-making activities and exposures, taking action in case of issues
• Use and improve tools to run post-execution analysis and achieve best execution
• Support trading of new products as they are launched (e.g., power and gas markets)
• Oversee lifecycle management tasks, including monitoring of position rolls, option expirations, and corporate actions
• Respond rapidly to risk limit breaches and serve as a contact point for market counterparties
• Support near round-the-clock trading, including special coverage for weekend or holiday markets

Process Improvement:

• Dedicate time to streamlining monitoring and booking workflows using scripting or automation
• Engage with stakeholders to identify new requirements and extend team responsibilities

Qualifications:

• Bachelor’s degree in a quantitative or related field
• Programming proficiency in Python. KDB is a plus.
• Strong verbal and written communication skills with the ability to collaborate with teammates globally
• Strong sense of urgency with the ability to work well in a fast-paced environment