Trading Assistant - Private Placements

Overview

Heights Capital Management (Heights) manages investments in publicly traded companies. These investments are typically made through negotiated transactions: PIPEs, registered directs, confidentially marketed offerings, convertibles and warrant-linked structures.

We are looking for a Trading Assistant to support and manage our portfolio’s risk. You will help hedge portfolio exposures, monitor carry costs, and work alongside our programmers and traders to maintain the risk systems and rules the desk relies on every day.

This is an excellent opportunity for an early-career professional with a foundation in trading, derivatives, and programming who wants to grow in these areas. A strong interest in programming is ideal, though it is not an initial requirement.

Key Responsibilities

• Aid in managing portfolio risk.
• Execute stock trades, a variety of methods, with an understanding of potential market impact and applicable regulations.
• Trade options on a limited basis and apply an understanding of option Greeks when evaluating hedges.
• Monitor all types of carry costs across the portfolio and flag meaningful changes.
• Help maintain the risk systems and the trading rules by working with programmers to identify and fix problems.
• Write queries in SQL Server Management Studio to investigate positions, data, and system outputs.
• Build and maintain VBA and C# tools that support trading and risk monitoring.
• Support monitoring SPAC positions

What we’re looking for

• 1-2 years of prior trading experience, including stock execution (mostly through internal full-day algorithms) and limited option trading.
• Basic understanding of trading philosophy and regulations.
• Working knowledge of options and option Greeks.
• Experience with SQL Server programming, including writing queries in SQL Server Management Studio.
• Experience with VBA programming.
• Clear communicator who works well with both traders and programmers.
• C# programming experience is a plus.
• Prior experience with SPACs, including when to redeem or extend and an understanding of the risks around them, is a plus.

About Susquehanna

Susquehanna is a global quantitative trading firm powered by scientific rigor, curiosity, and innovation. Our culture is intellectually driven and highly collaborative, bringing together researchers, engineers, and traders to design and deploy impactful strategies in our systematic trading environment. To meet the unique challenges of global markets, Susquehanna applies machine learning and advanced quantitative research to vast datasets in order to uncover actionable insights and build effective strategies. By uniting deep market expertise with cutting-edge technology, we excel in solving complex problems and pushing boundaries together.

If you’re a recruiting agency and want to partner with us, please reach out to [email protected]. Any resume or referral submitted in the absence of a signed agreement will not be eligible for an agency fee.