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Senior Trader – ETF Desk NEW
Prop Trading firm is seeking a senior trader to take ownership of an established ETF trading desk. The infrastructure — pricing models, fair value engines, trading tools, risk systems, and create/redeem operations — is already built out. This role is about running, refining, and scaling an existing book.
What the Desk Trades
- Sector/thematic ETFs (e.g., GDX. URA, COPX, etc.) with significant foreign-component exposure (Asia, Europe)
- Related ADRs and futures used for pricing, hedging, and arbitrage
- Eventual expansion into Emerging Markets (FXI, BABA, China A50 futures) and Developed Markets (Europe, Japan, Australia, factor ETFs)
Core edge of the strategy
Pricing “closed country” components that don’t trade live during US hours, layered with discretionary judgment on customer flow, news, and market structure. Success requires being comfortable holding both a systematic pricing framework and a discretionary execution overlay at the same time.
Responsibilities
- Take over and run the existing book/tools immediately — minimal ramp-up tolerance
- Validate, tune, and extend the current pricing/fair-value models rather than treat them as static
- Own daily risk and inventory management, including cross-product hedging (ETF/ADR/futures)
- Manage create/redeem operations and vendor/AP relationships with minimal ops hand-holding
- Identify where the current setup breaks down (stale data, model drift, flow shifts) and course-correct without escalation
- Set the desk up to scale into Emerging/Developed Markets once sector trading is stable
- Report clean PnL attribution and risk metrics to leadership
Qualifications
- 5+ years trading experience, with direct experience in international ETFs, ADRs, or futures — ideally at a market maker, prop shop, or bank ETF desk
- Demonstrated experience managing pricing models for instruments with stale/closed-market components
- Track record of running a book with real risk limits and being accountable for PnL, not just executing someone else’s signals
- Comfortable operating with lean support (no dedicated sales desk currently, limited flow intel) — self-sufficient, doesn’t need heavy infrastructure support
- Strong quantitative/technical grounding — able to read, question, and modify existing pricing/risk code rather than treat it as a black box
- Prior experience with ETF create/redeem mechanics and AP relationships is a strong plus
Post ID: 00128
Oban Cooper
Director of Prop Trading & Technology Recruitment
Oban is the Director of Prop Trading & Technology Recruitment, joining Banyak Group in 2022. He is responsible for leading retained search practices for Prop Trading Firms, Crypto Trading Firms, and Market Makers, while cross-functionally working with Hedge Funds, Asset Managers, and Family Offices. Additionally, he operates as a software developer building proprietary tools and infrastructure to optimize our recruitment efficiency.
Prior to joining Banyak Group, Oban was a licensed Private Investigator in the State of Florida with one of the world’s largest full-service investigation firms, CoventBridge Group. He has also held positions in sales, web design, and customer service, and spent most of his early career as an entrepreneur in Ecommerce.
Oban holds a Masters in Public Administration, a Masters in Criminal Justice, and a Bachelors in Criminal Justice, all from the University of Central Florida. He prides himself on being a versatile talent and a curious mind. Oban currently resides in Orlando, FL, with dreams of owning a farm.
D. Alexander Gannes
Founder & Managing Principal
Alex is a Senior Retained Search Consultant and Advisor within the Investment Management Industry. He founded Banyak Group, a Retained Search, Consultancy, and Advisory firm to provide human capital management leadership to Hedge Funds, Asset Managers, Family Offices, Private Equity Funds, Venture Capital Funds, FinTech firms, Investment Banks, Market Makers, and Blockchain Technology companies. An expert in his field, Alex also serves as an advisor, coach, and mentor to those launching and scaling investment firms as well as those navigating their professional careers.
Prior to founding Banyak Group, Alex was a Senior Search Consultant and Head of the Quantitative Strategies and Risk Management Practice as well as the Director of Research with retained search firm, Bay Street Advisors. He began his career in executive search and recruitment with Strategic Workforce Solutions as a specialist to the investment management and investment banking industries.
Alex is a proud Michigan State University Eli Broad College of Business alumni, has an adventurous spirit, and is an avid world traveler. He is bi-coastal and resides in Laguna Beach, California with his family.
Lindsay Daher
Executive Assistant and Recruitment Coordinator
Lindsay is an Executive Assistant and Recruitment Coordinator, joining Banyak Group in 2022. As Recruitment Coordinator, she supports research and sourcing efforts and serves as the key point of contact across Banyak Group’s book of business. As Executive Assistant to the Managing Principal, Lindsay identifies, implements, manages, and enhances the firm’s operational processes and systems.
Prior to joining Banyak Group, Lindsay was an admin for a private medical practice and a researcher performing pre-employment background checks. With administrative experience exclusively supporting small businesses, she possesses a deep understanding in establishing trust and applying exceptional standards of service.
Lindsay discovered her aptitude for office management while completing her dual Bachelor degrees in International Security & Diplomacy and History at the University of North Texas. She is an outdoors enthusiast and avid astrophile. She is a South Florida native currently residing in Fort Lauderdale, FL.