Equity Fundamental Research Analyst (PnL Responsibilities)
Selby Jennings, New York, NY, United States
The Fundamental Research Analyst will sit within the Options business , specifically in the semi-systematic options group . The role is embedded directly on the trading desk and focuses on applying fundamental research to support and enhance single-stock options strategies. Analysts are expected to progress toward direct risk ownership and contribute to both existing and new trade ideas.
Team Context
Part of the Options platform , which is organized across multiple groups including fixed income, options, and systematic strategies
This role sits within the semi-systematic options team , distinct from a separate fully systematic desk
The semi-systematic group is the larger and more established options team
Team is primarily based in New York , with potential presence in Miami
The team has grown materially since 2020 and currently consists of ~15 analysts
Team composition spans a wide range of seniority, from campus hires to senior professionals with 10-15+ years of experience
The organizational structure is intentionally flat ; all team members hold the title Fundamental Research Analyst
Key Responsibilities
Perform fundamental equity research to support single-name options trading
Generate actionable investment views to:
Refine existing semi-systematic strategies
Develop and validate new trading ideas
Work fully embedded on the trading desk , collaborating closely with traders and other researchers
Assume risk-taking responsibility , initially at a smaller scale with the ability to grow position size and impact over time based on performance
Maintain primary coverage responsibility for an assigned list of individual equities
Operate within short-duration, high-turnover investment timeframes
Contribute to a research-driven, collaborative environment with continuous feedback from trading
Short-term, event-driven and tactical opportunities rather than long-duration investments
Index options are handled by a separate, dedicated desk
The platform has increased its ability to deploy risk and continues to do so selectively
Required Skills and Experience
Strong grounding in fundamental equity analysis
Demonstrated judgment, analytical rigor, and investment intuition
Ability to operate effectively in a fast-paced trading environment
Willingness and aptitude to take risk , not purely advisory research
Options knowledge and theory are beneficial but not required
Training is provided on options mechanics and strategy implementation
Coverage background is flexible (e.g., healthcare, financials, consumer, industrials, etc.)
Role Characteristics
Direct exposure to trading decisions and P&L
Opportunity to scale personal risk capital based on performance
High level of interaction across research and trading
Performance-driven environment with clear accountability
Stable, profitable options franchise with consistent performance across market cycles
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Team Context
Part of the Options platform , which is organized across multiple groups including fixed income, options, and systematic strategies
This role sits within the semi-systematic options team , distinct from a separate fully systematic desk
The semi-systematic group is the larger and more established options team
Team is primarily based in New York , with potential presence in Miami
The team has grown materially since 2020 and currently consists of ~15 analysts
Team composition spans a wide range of seniority, from campus hires to senior professionals with 10-15+ years of experience
The organizational structure is intentionally flat ; all team members hold the title Fundamental Research Analyst
Key Responsibilities
Perform fundamental equity research to support single-name options trading
Generate actionable investment views to:
Refine existing semi-systematic strategies
Develop and validate new trading ideas
Work fully embedded on the trading desk , collaborating closely with traders and other researchers
Assume risk-taking responsibility , initially at a smaller scale with the ability to grow position size and impact over time based on performance
Maintain primary coverage responsibility for an assigned list of individual equities
Operate within short-duration, high-turnover investment timeframes
Contribute to a research-driven, collaborative environment with continuous feedback from trading
Short-term, event-driven and tactical opportunities rather than long-duration investments
Index options are handled by a separate, dedicated desk
The platform has increased its ability to deploy risk and continues to do so selectively
Required Skills and Experience
Strong grounding in fundamental equity analysis
Demonstrated judgment, analytical rigor, and investment intuition
Ability to operate effectively in a fast-paced trading environment
Willingness and aptitude to take risk , not purely advisory research
Options knowledge and theory are beneficial but not required
Training is provided on options mechanics and strategy implementation
Coverage background is flexible (e.g., healthcare, financials, consumer, industrials, etc.)
Role Characteristics
Direct exposure to trading decisions and P&L
Opportunity to scale personal risk capital based on performance
High level of interaction across research and trading
Performance-driven environment with clear accountability
Stable, profitable options franchise with consistent performance across market cycles
#J-18808-Ljbffr