Equity Trader

New York, USA
Apr 23, 2023
May 18, 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Lazard is one of the world's leading financial advisory and asset management firms. Our people make the difference. With just over 3,000 employees, our tight-knit community allows for professionals eager to learn and willing to teach to connect and grow together. We believe that diversity, equity, inclusion, and allyship are not just business imperatives - they are central pillars of our employee experience. Our entrepreneurial culture and flat structure allow creative ideas and original concepts to drive our business forward - and for careers to take flight.

Many of the world's leading investors - from individuals to institutions across the globe - have entrusted Lazard Asset Management. We pride ourselves in uncovering the best investment opportunities for our clients. The purpose of our asset management business is to help our clients invest for the future - whether it's for retirement, to grow and preserve inter-generational wealth, or to benefit the organizations that make our world smarter, healthier and more sustainable.

Our equity trading desk works to ensure best execution of the firm's trades for Mutual Funds and Separately Managed accounts. We maintain relationships with several stakeholders at Lazard including Portfolio Managers, Compliance, Risk, Operations and Marketing. We are looking for a dynamic and experienced trader to join our team.

We'll trust you to:
  • Execute equity/future/option/SWAP trades for various Portfolio Management Teams in various styles (Cash, program, algorithmic) and ensure Lazard Trading is in compliance with best execution policies at all times.
  • Run and analyze monthly/quarter/ad hoc requests for various teams at Lazard including marketing, compliance, various committees.
  • Research, document and rectify system and settlements issues through collaboration with IT and settlements department.
  • Maintain external relationships with brokers, vendors, third party providers as well as internal relationships with Portfolio Managers/Analysts, Portfolio Implementation, IT, Compliance, Marketing, Risk and Operations.
  • Work to help streamline trading process and work on automation solutions to help trading mitigate risk and achieve scalability.
  • Proactively provide color from equity capital markets to Portfolio Managers. This includes dissecting relevant company/sector news, opportunistic levels to trade, review earnings, and analyzing technical levels.
  • You'll need to have:
  • 3-5 years of trading experience on either the buyside or sellside, but buyside is preferred." If coming from sell side, previous role in trading, not sales trading. "
  • Past use of EMS/OMS system and Bloomberg." "Charles River experience preferred but not necessary. ""
  • Proficient in SQL, Python and/or VBA, as well as working closely on projects with technology team.
  • Trading Analytics/Alpha modeling experience preferred.
  • Market Structure knowledge, especially in the US markets as they are some of most complex markets when it comes to this area of expertise.
  • Excellent communication, organization skills- with a well-developed sense of urgency
  • Ability to move quickly, thoughtfully.
  • What we offer

    We strive to enhance the total health and well-being of our employees through comprehensive, competitive benefits. Our goal is to offer a highly individualized employee experience that enables you to balance your commitments to career, family, and community. When you work for Lazard, you are working for an organization that cares about your unique talents and passions, and will continue to invest in the development of your career.

    We expect the base salary range for this role to be approximately 150,000-175,000 USD. Various factors contribute to determining the actual base compensation offered, including but not limited to the applicant's years of relevant experience, career tenure, qualifications, level of education attained, certifications or other professional licenses held, relevant skills for the role. Base salary is one component of Lazard Asset Management's compensation package, which also includes comprehensive benefits and may include incentive compensation.

    Does this sound like you?

    Apply! We'll get in touch on the next steps.

    Diversity and Inclusion at Lazard

    Lazard is an intellectual capital business focused on delivering the best advice and solutions to clients. Achieving these objectives requires us to identify, develop and retain the best talent. A workforce comprised of people with varied backgrounds and experiences creates a rich diversity of thought that empowers us to challenge conventional wisdom, as diverse perspectives lead to better decisions.

    Our appreciation of diversity's strength is ingrained in our multi-cultural heritage. As a global firm that has grown organically from local roots in different countries, we have a deep tradition of respect for individual differences, which has been core to our success for several decades.

    The ongoing cultivation of diversity and an inclusive, equitable culture are essential to our continued growth. We are committed to sustaining an environment in which all employees - regardless of socioeconomic status, race, color, nationality, religion, gender, sexual orientation, physical abilities, veteran or military status - can bring their whole selves to work to maximize their individual potential and our collective success.

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