Securities Lending Trader, US

A Career with Point72’s Securities Lending Team

Point72’s Securities Lending Team operates within the firm’s broader Treasury division, responsible for financing the firm’s multiple asset classes by interacting directly with our prime brokers to source liquidity and negotiate financing rates. The team also utilizes data analysis to identify market trends and maximize financing efficiencies. Internally, the group works closely with the execution traders, portfolio managers, Compliance, Tax, Technology, and Operations.

Point72 is a global asset manager, trading in a multitude of financial markets around the globe. As a Securities Lending Team member, you’ll gain first-hand exposure to these markets while learning about a broad range of asset classes and how they’re financed. In the financial markets, no day is the same: you’ll encounter new challenges and new situations which will require your assistance in finding solutions.

What you’ll do

Source stock borrow liquidity for our investment teams

Manage stock loan allocations and costs on cash and swap positions in the Americas

Curate borrow color and analytics for execution traders and portfolio managers, assisting with their investment processes

Generate additional yield on the firm’s long equity and swap positions

Create custom swap baskets to help portfolio managers effectively hedge risk

Build, maintain, and leverage relationships with prime brokers and securities lenders

Work with the Capital Markets team to source swap capacity and negotiate financing rates on LATAM IPOs/secondary offerings

Become a trusted, go-to person for Americas equity financing for portfolio managers, execution traders, and other internal stakeholders

Work with Point72’s Treasury Technology group to develop analytics, source data, create reporting, and automate workflows

Work with Point72’s Tax group to understand firm’s tax risk and exposure

Work with Point72’s Compliance group to implement regulatory requirements in conducting the firm’s short selling activity at all times

Work with Point72’s Operations group to effectively allocate positions in order to minimize financing costs

Provide backup securities lending coverage for global markets

Explore new ways of optimizing financing costs and generating new revenue

What’s required

Bachelor’s degree in finance, economics, or a related field preferred

Three-plus years of sell-side/ buy-side experience

A keen interest in financial markets

Attention to detail and strong organization skills

Ability to work under pressure in a fast-paced environment

A team player with strong interpersonal skills while possessing the ability to work independently

Strong math and analytical skills

Enjoys problem solving

Superior communication skills in order to effectively communicate market color to traders and portfolio managers

Basic proficiency in programming (VBA, Python)

Strong knowledge of Microsoft Office (Excel, Word, PowerPoint, Outlook)

Commitment to the highest ethical standards

We take care of our people

We invest in our people, their careers, their health, and their well-being. When you work here, we provide:

Fully-paid health care benefits

Generous parental and family leave policies

Volunteer opportunities

Support for employee-led affinity groups representing women, people of color and the LGBT+ community

Mental and physical wellness programs

Tuition assistance

A 401(k) savings program with an employer match and more

About Point72

Point72 is a leading global alternative investment firm led by Steven A. Cohen. Building on more than 30 years of investing experience, Point72 seeks to deliver superior returns for its investors through fundamental and systematic investing strategies across asset classes and geographies. We aim to attract and retain the industry’s brightest talent by cultivating an investor-led culture and committing to our people’s long-term growth. For more information, visit