Role Overview

The Systematic ETF Trader will own and enhance a fully operational, high-performance trading system focused on ETF market making, arbitrage, and cross-asset hedging, with scope to develop and scale trading strategies across equity ETFs, futures, and fixed income instruments. This role is impactful in driving daily P&L, refining trading algorithms, and collaborating on infrastructure improvements, with a clear pathway toward leadership within a growing platform.

Key Responsibilities

Actively trade equity ETFs, futures, and related derivatives within a systematic market making framework, managing execution and risk on a daily basis
Design, own, and optimize market making, arbitrage, and hedging strategies, including spread setting, order placement, inventory management, and intraday risk controls
Develop and refine automated trading models, signal generation, and risk algorithms from research through to production implementation
Manage ETF creation/redemption processes, incorporating primary and secondary market dynamics into pricing and risk models
Analyze NAV dislocations, basket composition changes, and ETF/NAV basis relationships to inform trading decisions
Collaborate with ETF issuers and authorized participants on operational and structural matters affecting trading strategies
Improve trade execution quality by leveraging microstructure insights, latency management, and venue-specific rules
Partner with engineering teams to enhance low-latency infrastructure, integrate new indicators and risk controls, and maintain high system performance
Model cross-asset relationships including interest rates, sector exposures, and index mechanics to expand platform capabilities
Implement real-time risk management tools such as position limits, P&L monitoring, and regulatory compliance checks
Take full ownership of existing systematic trading systems, including integration of new signals, backtesting frameworks, and production workflows

Core Qualifications & Requirements

3-7+ years of hands-on experience in systematic market making or ETF arbitrage trading, with proven record of managing live strategies
Deep understanding of ETF creation/redemption processes, authorized participant workflows, NAV calculations, and premium/discount dynamics
Practical experience optimizing trading algorithms, spread models, inventory strategies, and risk management frameworks
Strong programming skills in Python for strategy development, analysis, and backtesting; C++ experience preferred
Series 7 and Series 57 licenses required or obtainable promptly
Knowledge of equity and futures market microstructure, execution venues, latency considerations, and maker-taker economics
Familiarity with primary/secondary market liquidity, exchange rules, and fee structures

Nice-to-Have Qualifications

Background at a proprietary trading firm or market-making organization specializing in systematic strategies
Experience with fixed income ETFs, interest rate products, and related derivatives such as Treasuries, SOFR futures, or swaps
Proven end-to-end strategy development from research, testing, deployment, and live monitoring
Engagement with market regulators, exchanges, or ETF issuers in operational or compliance matters
Leadership experience in hiring, mentoring, or managing junior trading staff

The Phoenix Group

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