Associate Director, Equity Finance Trading

About Clear Street: 

Clear Street is modernising the brokerage ecosystem. Founded in 2018, Clear Street is a diversified financial services firm replacing the legacy infrastructure used across capital markets.

We started from scratch by building a completely cloud-native clearing and custody system designed for today’s complex, global market. Clear Street’s proprietary prime brokerage platform adds significant efficiency to the market, while focusing on minimising risk, redundancy, and cost for clients. Our goal is to create a single source-of-truth platform for every asset class, in every country, and in any currency.

By combining highly skilled product and engineering talent with seasoned finance professionals, we are building the essentials to compete in today’s fast-paced markets.

The Role: 

Clear Street UK is in growth mode and looking to attract top talent to work alongside a small team to build the Equity Finance business. The candidate should possess a start-up mentality alongside a deep level of expertise and experience in either the stock-lending or financing markets. They will be required to act in an SME capacity to drive forward respective areas of growth and be capable of creating new relationships, negotiating new contracts and credit lines, as well as executing on them when open. The candidate will need to be a self-starter who can operate with limited guidance in driving the development of the equity finance trading ecosystem.  They will need to be an expert in their field and should ideally have a minimum of five years trading experience, possess deep market connectivity and a strong understanding of the synthetic and cash prime brokerage client offerings.  

The Team: 

Clear Street’s mission is to become a single-source platform that serves a variety of investor types across multiple asset classes on a global scale. The Clear Street U.K. team is bringing Clear Street’s established equities, options, and prime brokerage business to a new market.

Responsibilities: 

The responsibilities of this role are as follows:

• Work with the desk head to build the equity financing platform/ cross-asset client financing ecosystem
• Help build the process flow, front to back for and supporting documentation
• Trade a matched book on specials/ financing trades
• Establish and maintain deep market relationships across agent lenders, banks, broker dealers and vendors
• Manage trading risk/ P&L
• Manage balance sheet and associated financial resources, closely

Skills required: 

• At least five (5) years of professional experience in equity finance across multiple asset classes; stock loan / securities lending experience
• FCA certified (currently or within the last nine months)/Material Risk Taker certified
• Liability side hedging of the trading book
• Inter-bank TRS trading
• Cross-asset repo funding
• Trading with agent lenders in a short-side liquidity or a non-cash upgrade scenario
• FX Swap and Forward trading
• Strong and demonstrable experience of partnering closely with Treasury, Treasury Policy and Middle Office/ Operations teams
• Familiarity working with market vendors (Wematch, Equilend, Pirum, S&P Markit, Trading Apps, Triparty Agents etc)
• Strong understanding of financial resource concepts and daily resource management
• Strong verbal and written communication skills
• Analytical and closely following geo-political/ market events

We Offer: 

At Clear Street, we offer competitive compensation packages, company equity, pension, gender neutral parental leave, and full medical and dental insurance. Our belief has always been that we are better as a business when we are all together in person. As such, we are requiring employees to be in the office a minimum of three days per week.

Our top priority is our people. We’re continuously investing in a culture that promotes collaboration. We help each other through challenges and celebrate each other's successes. We believe that modern workplaces succeed by virtue of having high-performance workforces that are diverse — in ideas, in cultures, and in experiences. We put in the effort to make such a workplace a daily reality and are proud to be an equal opportunity employer.