Junior Trader

FirstWave Capital Logo
FirstWave Capital
Miami, FL, United States
100000 - 150000 USD / Year
  • Finance
  • FullTime
  • Applications have closed

**Please do not apply for this position unless you have spent the last 2 years as an equity trader on the buyside, preferably at a long/short fund.

Please do not apply if you do not already live in the Miami area or willing/able to relocate in the next 4-6 weeks.

About Us:**

FirstWave is a long/short hedge fund launching October 2025 with approximately $300 million AUM. FirstWave’s investment strategy is built around deep research to find the most undervalued and misunderstood growth companies with the strongest fundamentals and most compelling valuations including identifiable and underpriced catalysts to position the portfolio into the best asymmetric risk/reward opportunities. We value high conviction, disciplined risk management and an entrepreneurial mindset.

Position Overview:

FirstWave is hiring a Junior Trader / Trading Associate to partner with our Head of Trading. You will split time between live execution support and building the tooling that improves our speed, precision, and risk control (TCA, analytics, routing logic, dashboards, catalyst calendar, etc). This is a hands-on seat for a detail-obsessed, Python-capable teammate who wants to grow into a senior trader.

Location:

  • This is a full-time, onsite position in Miami, FL with no hybrid and no remote.

Job Responsibilities:

  • Execution & Desk Ops
  • Stage and execute equity orders with best-ex discipline; manage allocations and confirms.
  • Monitor liquidity, halts, borrow/locates, earnings and event risk; maintain process checklists.
  • Assist with pair/hedge legs (index ETFs, single-stock shorts, options frameworks).

Analytics & Automation:

  • Build pre-/post-trade TCA (slippage, venue/algos, impact); publish daily/weekly reports.
  • Develop factor exposure/beta trackers, stress and scenario views, and P&L dashboards.
  • Create pipelines for earnings/8-Ks/calendar, symbol watchlists, alerts, and compliance logs.

Process & Quality:

  • Own data cleanliness and reconciliation across OMS/EMS/Bloomberg/Excel.
  • Codify playbooks (opens/closes, events, broken trades) and strengthen control checks.

Growth:

  • Progress to independent execution; contribute to routing and hedging playbooks.

Required Experience:

  • 2–5 years in trading, execution support, market operations, or data/analytics at a hedge fund, prop firm, or broker.
  • Python (pandas/NumPy), SQL, and advanced Excel; able to ship clean, tested tools for the desk.
  • Strong understanding of equity market microstructure; comfort with broker algos/venues.
  • Familiarity with Bloomberg and common EMS/OMS workflows.
  • Clear communicator under time pressure; meticulous attention to detail.

Preferred Experience

  • Options basics (delta, gamma, spreads), corporate actions knowledge, or VBA.
  • Experience with lightweight APIs and dash-boarding.

Why FirstWave:

  • Build from the ground up with direct mentorship from the Head of Trading and CIO.
  • Immediate impact on execution quality, risk transparency, and firm tooling.

Compensation:

  • Base salary ($100-150k) with team bonus and individual bonus which could bring total comp up to $200-300k

To Apply:

  • You can apply through LinkedIn or you can send a resume and cover letter to jonah@firstwavefund.com and ryan@firstwavefund.com
  • Please put “Junior Trader” in the subject line.
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