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Position Summary
Two Sigma is a financial sciences company, combining data analysis, invention, and rigorous inquiry to help solve the toughest challenges in investment management, insurance technology, securities, private equity, and venture capital.

Our team of scientists, technologists, and academics looks beyond the traditional to develop creative solutions to some of the world’s most complex economic problems.
We are looking for a trader to join the Convertible Arbitrage team within Derivatives and Relative Value (DRV), a modeling team which aims to expand the spectrum of asset classes and types of strategies used for systematic investment management at Two Sigma. Our convertible arbitrage strategy’s objective is to identify mispriced convertible securities and capture the difference between the convertible’s market price and fair value by trading the convertible and hedging its various exposures with a number of other instruments: equities, equity options, Treasury futures, corporate bonds, and credit default swaps. Our goal is to apply Two Sigma’s data science and systematic trading expertise to convertible arbitrage.
You will take on the following responsibilities:

  • Help us manage the convertible arbitrage portfolio.  This entails identifying new trade ideas, monitoring portfolio exposures, rebalancing hedges, manually executing trades and maintaining business relationships with counterparties.
  • Help us analyze convertible, volatility and credit data to improve our convertible trading strategies
  • Help us develop technological tools and processes to improve our strategies and operations
You should possess the following qualifications:

  • 2-4 years of experience trading or valuing equity derivatives on the buy-side or sell-side.  Convertible-specific experience is ideal.
  • Comfort working with and analyzing data programmatically
  • Intermediate skills in Python or another programming language
  • Strong analytical and communication skills
You will enjoy the following benefits:
  • Core Benefits: Fully paid medical and dental insurance premiums for employees and dependents, competitive 401k match, employer-paid life & disability insurance
  • Perks: Onsite gyms with laundry service, wellness activities, casual dress, snacks, game rooms
  • Learning: Tuition reimbursement, conference and training sponsorship
  • Time Off: Generous vacation and unlimited sick days, competitive paid caregiver leaves
  • Hybrid Work Policy: Flexible in-office days with budget for home office setup
The base pay for this role will be between $165,000 and $325,000. This role may also be eligible for other forms of compensation and benefits, such as a discretionary bonus, health, dental and other wellness plans and 401(k) contributions. Discretionary bonus can be a significant portion of total compensation. Actual compensation for successful candidates will be carefully determined based on a number of factors, including their skills, qualifications and experience.
We are proud to be an equal opportunity workplace. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity/expression, age, status as a protected veteran, status as an individual with a disability, or any other applicable legally protected characteristics.

Two Sigma is committed to providing reasonable accommodations to qualified individuals in accordance with applicable federal, state, and local laws.

If you believe you need an accommodation, please visit our website for additional information.