Senior Trader – ETF Desk

Prop Trading firm is seeking a senior trader to take ownership of an established ETF trading desk. The infrastructure — pricing models, fair value engines, trading tools, risk systems, and create/redeem operations — is already built out. This role is about running, refining, and scaling an existing book.

• Sector/thematic ETFs (e.g., GDX. URA, COPX, etc.) with significant foreign-component exposure (Asia, Europe)
• Related ADRs and futures used for pricing, hedging, and arbitrage
• Eventual expansion into Emerging Markets (FXI, BABA, China A50 futures) and Developed Markets (Europe, Japan, Australia, factor ETFs)

Pricing “closed country” components that don’t trade live during US hours, layered with discretionary judgment on customer flow, news, and market structure. Success requires being comfortable holding both a systematic pricing framework and a discretionary execution overlay at the same time.

• Take over and run the existing book/tools immediately — minimal ramp-up tolerance
• Validate, tune, and extend the current pricing/fair-value models rather than treat them as static
• Own daily risk and inventory management, including cross-product hedging (ETF/ADR/futures)
• Manage create/redeem operations and vendor/AP relationships with minimal ops hand-holding
• Identify where the current setup breaks down (stale data, model drift, flow shifts) and course-correct without escalation
• Set the desk up to scale into Emerging/Developed Markets once sector trading is stable
• Report clean PnL attribution and risk metrics to leadership

• 5+ years trading experience, with direct experience in international ETFs, ADRs, or futures — ideally at a market maker, prop shop, or bank ETF desk
• Demonstrated experience managing pricing models for instruments with stale/closed-market components
• Track record of running a book with real risk limits and being accountable for PnL, not just executing someone else’s signals
• Comfortable operating with lean support (no dedicated sales desk currently, limited flow intel) — self-sufficient, doesn’t need heavy infrastructure support
• Strong quantitative/technical grounding — able to read, question, and modify existing pricing/risk code rather than treat it as a black box
• Prior experience with ETF create/redeem mechanics and AP relationships is a strong plus