Principal Trader

This is a fully remote position, open to applicants in Poland.

📋 Description

• Develop, manage, and oversee EXANTE’s main trading book across various asset classes.

• Provide liquidity in response to client transactions, manage the resulting inventory, and hedge residual exposure to generate P&L within the firm’s regulatory framework, ensuring best execution and conflict-of-interest management, with complete P&L accountability for the principal trading book.

• Implement trading strategies including market making, flow trading, relative-value, and other legitimate strategies identified by the candidate, all within Board-approved risk limits.

• Identify, negotiate, and onboard necessary exchanges, prime brokers, and OTC counterparties for effective hedging and inventory management.

• Collaborate with the Risk function to design, implement, and manage the risk limits, monitoring, and escalation framework for the trading book.

• Coordinate with the existing Stock Lending team to manage securities inventory, financing, and revenue, ensuring no disruption to that revenue stream.

• Collaborate with the Options Trading and Fixed Income & Structured Products desks to maintain complementary principal books and shared risk visibility.

• Work closely with Operations, Treasury, and Technology to streamline workflow, financing, settlement, and platform tools.

• Oversee management of conflicts of interest, best-execution arrangements, and product-governance compliance across relevant booking entities (MiFID II, FCA, SFC, and equivalent regimes).

• Build and manage the team in terms of size, structure, and timing at the hire’s discretion, aligned with the approved business plan.

⛳️ Requirements

• 10–20 years of experience in principal trading, flow trading, market making, or managing a multi-asset trading book within a sell-side firm, broker-dealer, prime broker, or proprietary trading house, with documented P&L across varying market conditions.

• Strong multi-asset risk management background, including delta, gamma, vega, correlation, liquidity, and counterparty risk.

• Hands-on regulatory knowledge of the MiFID II Systematic Internaliser regime, best-execution obligations, and conflict-of-interest management in a regulated broker-dealer environment is essential.

• Familiarity with securities financing and stock lending operations is a significant advantage.

• A cooperative profile is essential; success in this role requires close collaboration with the existing Stock Lending team and new trading desks, along with a proven track record of effective cross-desk and cross-functional operations.

• Fluent English is required.

• A commercial mindset with a disciplined approach; must be technically proficient and comfortable with full accountability for P&L.

🏝️ Benefits

• Competitive salary that reflects your experience and the value you contribute.

• Flexible working arrangements that suit your lifestyle — choose to work from home, from our office, or a combination of both.

• A customizable benefits package — select the options that best fit your life rather than a generic bundle.

• A genuinely positive work environment — enjoy an informal, collaborative culture where your ideas are valued and bureaucracy is minimal.

• Opportunities for continuous learning — access to ongoing training, educational programs, and support to enhance your expertise in a dynamic industry.

• Engagement beyond your desk — participate in events that foster networking and celebration within our teams.

• Global exposure — work alongside talented colleagues from around the world in a business that serves clients in over 100 countries.