Securities Finance Trader

About the role

Alpaca is seeking a Securities Finance Trader to identify and execute opportunities in borrowing and lending financial instruments. This role involves developing and implementing trading strategies, collaborating with internal teams, and managing risk within the securities finance market.

Key facts

What you'll do

• Find and execute borrow and loan opportunities across equities, fixed income, and ETFs using manual and automated methods.
• Employ Python and SQL to automate daily tasks, build analytical tools, and support data-driven decisions.
• Work with Product, Engineering, and Operations to improve data processes, trading systems, operational efficiency, and risk controls.
• Oversee active loans, recalls, and rates to enhance profitability and manage risk.
• Cultivate relationships with borrowers, lenders, custodians, and clients.
• Develop and execute operational tasks, contribute to product enhancements, and create automation tools to optimize costs, revenue, and workflows.
• Evaluate and manage counterparty, credit, and market risk, staying current with market trends and regulations.
• Partner with securities lending vendors on product development initiatives.
• Contribute to building automated workflows for securities lending trading and operations.

Requirements

• Bachelor's degree in Computer Science, Data Science, Mathematics, Finance, Economics, or a related quantitative field.
• 1-5 years of experience in a technical or trading capacity, with some background in securities lending or short selling.
• Proficiency in Python and SQL.
• Strong analytical, quantitative, and problem-solving capabilities.
• Understanding of core financial instruments like equities, fixed income, and ETFs, along with general market mechanics.
• Effective collaboration and communication skills for cross-team interaction.
• High degree of initiative and a willingness to learn about securities lending, product development, and advanced trading concepts.

Nice to have

• Experience assessing and managing counterparty, credit, and market risk, while staying informed of market developments and regulatory changes.
• Experience working with existing and new securities lending vendors on product development solutions.
• Experience contributing to the creation of automated workflow solutions for securities lending trading and operations.

Skills & tools

• Python
• SQL

Practical notes

• New hire home-office setup: USD $500 one-time.
• Monthly stipend: USD $150 per month via Brex Card.
• Competitive salary and stock options.
• Health benefits.