Principal Trader

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

📋 Description

• Develop, manage, and operate EXANTE’s primary trading book across various asset classes.

• Provide liquidity in response to client flow, oversee the resultant inventory, and hedge any remaining exposure to generate P&L within the firm’s regulatory, best-execution, and conflict-of-interest framework, assuming full P&L responsibility for the principal trading book.

• For the principal trading book, offer liquidity against client flow, internalize and consolidate exposures where it is commercially beneficial, manage inventory, and hedge against residual market risks.

• 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.

• In collaboration with the Risk function, design, implement, and manage a risk limits, monitoring, and escalation framework for the trading book.

• Coordinate with the Stock Lending team on securities inventory, financing, and revenue to ensure minimal disruption to that revenue stream.

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

• Work together with Operations, Treasury, and Technology teams on workflow, financing, settlement, and platform tools.

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

• Oversee team development regarding size, composition, and sequencing at the hire’s discretion as the trading book expands, aligning 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 at a sell-side firm, broker-dealer, prime broker, or proprietary trading house, with a proven P&L record through various market conditions.

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

• Essential regulatory expertise, including hands-on familiarity with the MiFID II Systematic Internaliser regime, best-execution obligations, and conflict-of-interest management in a regulated broker-dealer context.

• 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 ability to operate effectively across teams and functions.

• Fluent English is a requirement.

• A commercial and disciplined approach is necessary; the candidate should be technically adept and comfortable with total accountability for P&L.

🏝️ Benefits

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

• Flexibility to suit your lifestyle — choose to work from home, our office, or a combination of both. You decide what works best for you.

• A flexible benefits package — select the options that cater to your life, rather than a one-size-fits-all solution.

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

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

• Opportunities for connection beyond your desk — participate in events that foster networking and team celebration.

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