Delta One Trader

We are seeking a Delta One Trader to join our Japan Equities business in Tokyo.

The role will support the trading and risk management of the Japan Delta One business, with responsibility for daily risk and P&L management, stock borrow and financing considerations, and portfolio optimisation.

Key Responsibilities:

• Support the day-to-day trading and risk management of Japan Delta One positions.
• Monitor and explain daily P&L, market risk and key portfolio exposures, escalating material risks where appropriate.
• Develop a strong understanding of stock borrow availability, securities lending and financing costs, incorporating these into trading and risk decisions.
• Monitor corporate actions, dividend events, market developments and other factors affecting Delta One positions.
• Assist in the management and optimisation of funding, collateral and balance-sheet usage.
• Work closely with regional Delta One, SBL, Prime, Structuring, Risk and Product Control teams.

Skills & Experience:

• Experience in Delta One, equities trading, securities lending, equity derivatives or a related markets role.
• Understanding of stock borrow and lending / equity financing.
• Strong quantitative and analytical skills with the ability to understand P&L and portfolio risk.
• Strong Excel skills; Python or other programming/data-analysis experience would be advantageous.
• Strong attention to detail and a disciplined approach to risk management and an ability to work in a fast-paced environment.

Preferred Skills:

• Experience or strong knowledge of Japanese equities and market structure.
• Experience analyzing dividends, corporate actions, borrow or financing.
• Japanese language capability would be advantageous.