Macquarie Bank

Delta One Swaps Trader

Macquarie Bank$200K — $300K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 2-3 years of relevant experience in US sell-side Delta 1 markets swap trading
  • Highly proficient in Python with an engineering mindset
  • Motivated and energetic team player eager to learn
  • Strong creative thinker willing to explore new revenue opportunities
  • Understanding of risk within the equity finance delta 1 business
  • Preferred quantitative degree in Engineering, Computer Science, or Mathematics.

Responsibilities

  • Collaborate on executing delta-one trading strategies across diverse markets
  • Build and maintain relationships with market participants to enhance trading positions
  • Facilitate trading activity in delta 1 equity total return swaps
  • Connect with new counterparties and share insights with the team
  • Support overall business growth through proactive contributions
  • Engage in continual learning and development to enhance trading performance.

Benefits

  • Wellness leave day and at least 25 days of annual leave
  • 20 weeks paid parental leave and extra leave for secondary caregivers
  • 2 days paid volunteer leave and donation matching
  • Comprehensive health insurance and wellbeing initiatives
  • Access to Employee Assistance Program for counselling services
  • Learning and development opportunities with professional membership reimbursement
  • Recognition and service awards
  • Flexible hybrid working arrangements
  • Reimbursement for work-from-home equipment
Full Job Description
  • Email


Join Macquarie's Equity Finance team in New York as a Delta One Swaps Trader. This is an exciting opportunity to collaborate with a high-performing team to execute and optimize delta-one trading strategies across a diverse range of global markets.

What role will you play?

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As part of our collaborative team, you'll play a key role in driving business growth and contributing to the success of the franchise. In this role, you'll build and manage relationships with key market participants to secure access to important securities, enhance market intelligence, and optimize trading book performance. You'll be responsible for the pricing, execution, and risk management of Delta One equity total return swaps, while identifying and capitalizing on new trading and revenue opportunities. Additionally, you will expand and develop strategic counterparty relationships, partnering closely with colleagues across trading, sales, technology, and risk functions to strengthen the platform and deliver client solutions.

What you offer

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• At least 5+ years of relevant experience trading Delta 1 products within a US sell-side environment
• Strong expertise in equity swaps, equity finance, and Delta 1 market structure, with a proven track record of revenue generation
• Some familiarity with Python is a plus, along with a strong quantitative and technology-driven mindset
• Demonstrated ability to identify and develop new trading strategies and commercial opportunities
• Strong understanding of risk management, balance sheet optimization, and regulatory considerations within the equity finance and Delta 1 business
• Proven relationship management skills with counterparties, clients, and internal stakeholders
• Ability to work effectively in a fast-paced environment and exercise sound judgment under pressure
• A quantitative degree (such as Engineering, Computer Science, Mathematics, Physics, or a related discipline) is preferred, but not required

Salary range: $200,000-$300,000 per year. Actual salary may vary based on your experience, performance, and location. You may also be eligible for an annual incentive award. Macquarie offers a comprehensive benefits package, including medical, dental, vision, paid time off, holidays, 401(k), and other perks.

We love hearing from anyone inspired to build a better future with us, if you're excited about the role or working at Macquarie we encourage you to apply.

What we offer

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At Macquarie, you're empowered to shape a career that's rewarding in all the ways that matter most to you. Macquarie employees can access a wide range of benefits which, depending on eligibility criteria, include:

  • 1 wellbeing leave day per year and a minimum of 25 days of annual leave
  • 20 weeks' paid parental leave for primary caregivers along with 12 days of paid transition leave upon return to work and 6 weeks' paid leave for secondary caregivers
  • 2 days of paid volunteer leave and donation matching
  • Benefits and initiatives to support your physical, mental and financial wellbeing such as medical, prescription drug, dental, and vision insurance; health savings account and dependent day care savings account; life insurance, disability, and other insurance plans; 401(k) and short/long term disability
  • Access to our Employee Assistance Program, a robust behavioural health network with counselling and coaching services
  • Access to a wide range of learning and development opportunities, including reimbursement for professional membership or subscription
  • Recognition and service awards
  • Hybrid and flexible working arrangements, dependent on role
  • Reimbursement for work from home equipment


About Commodities and Global Markets

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Commodities and Global Markets is a global business offering capital and financing, risk management, market access, physical execution and logistics solutions to its diverse client base across Commodities, Financial Markets and Asset Finance.

About Macquarie Bank

Macquarie Bank is a global financial services provider that offers banking, financial advisory, investment and funds management services. The company was founded in 1969 and is headquartered in Sydney, Australia. Macquarie Bank operates in 31 countries and has a strong presence in Australia, Asia, Europe, and the Americas. The company has a diversified business model, with operations in areas such as infrastructure, real estate, and commodities. Macquarie Bank is committed to sustainability and has implemented several initiatives to reduce its environmental impact, such as reducing its carbon footprint and investing in renewable energy.
Learn more about Macquarie Bank
Size
18,133 employees
Industry
Founded
1969
NASDAQ

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