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RQD* Clearing · 3 months ago

Securities Lending Trader

New York, NY

Full-time

Onsite

Mid, Senior Level

$125K/yr - $175K/yr

5+ years exp

RQD Clearing LLC is seeking a Securities Lending Trader who will be responsible for expanding the client network and managing matched-book activity. The ideal candidate will leverage their established counterparty relationships to optimize profitability and balance sheet efficiency within the securities lending space.

FinanceFinancial ServicesMarketing

Responsibilities

Develop and manage new client relationships to expand RQD's stock loan counterparty network and revenue base

Implement and manage matched-book framework, pairing loans and borrows to optimize profitability and balance sheet efficiency

Manage locate requests for hard-to-borrow securities, determining availability and pricing for clients and internal desks

Set and negotiate lending and borrowing rates with counterparties, managing spreads, collateral, and financing costs

Monitor firm and street inventory to maximize utilization, identify trading opportunities, and optimize revenue from intrinsic value and reinvestment spreads

Coordinate with operations, risk management, and compliance to ensure timely settlements, accurate mark-to-market processes, and adherence to regulatory requirements (SEC, FINRA, Reg SHO 203, Reg SHO 204)

Support recall management and corporate action processing to minimize risk and maintain operational efficiency

Qualification

Securities lending experienceClient relationship managementCollateral managementSeries 7 licenseLoanetBloombergAnalytical skillsCommunication skillsNegotiation skillsThrive in fast-paced environment

Required

Bachelor's degree in Finance, Economics, or related field; MBA or CFA a plus

Series 7 license required

5–10 years of experience in securities lending, equity finance, or prime brokerage with proven client-facing and business development success

Established network of counterparty relationships within the securities lending marketplace

Strong understanding of securities finance markets, collateral management, FPL programs, and short selling mechanics

Knowledge of Loanet, LendingPit, and Bloomberg required; Anetics and other trading platforms a plus

Excellent analytical, communication, and negotiation skills

Ability to thrive in a fast-paced, high-volume environment

Company

RQD* Clearing

RQD* Clearing is a next-generation correspondent clearing provider, providing advanced clearing, custody and execution solutions built for the modern markets.

Founded in 2021

New York, New York, USA

11-50 employees