Associate, Trader - #293

We see the world differently at Capstone Investment Advisors. You will, too.

Capstone Investment Advisors, LLC (“Capstone”) is a global asset manager, dedicated to exploring alpha opportunities in derivatives and complementary strategies that persist across market cycles. With approximately $12.5 billion of AUM (as of May 1, 2026) and 306 employees, Capstone is headquartered in New York with offices in London, Amsterdam, Stamford, Los Angeles, Boston, Tokyo, Milan, Texas, and Maryland. Since 2004, through strategic insight, market-leading expertise, and advanced technology, we have sought to anticipate and harness the complexities of world markets, creating unique opportunities for our clients, team, and industry.

With our sophisticated, global client base, we recognize that our success is deeply connected to real people. For that reason, we take a human approach to everything we do, focusing largely on collaborative performance. Our workflow and process are built around the belief that by sharing ideas, we achieve greater outcomes. This gives you greater access to resources, direct exposure to senior leadership, and new opportunities to experiment and innovate.

Responsibilities and Impact:

Capstone Investment Advisors, LLC seeks an Associate, Trader in New York, NY to implement systematic strategies including machine learning algorithms. Requires a Master’s degree in Financial Engineering or related field or equivalent and two (2) years of experience designing and building statistical models, including PCA-based factor risk decomposition, regression, and time-series models; developing structural models to quantify the reaction functions of major equity and fixed income index fund participants under funding, liquidity, regulatory, and balance sheet constraints; creating foundational risk analytics frameworks, including duration, convexity-gap, convexity-hedging feedback-loop, and OAS/extension-risk frameworks, to predict and anticipate rebalancing flows in Treasuries and Swaps; pricing IRS and Swaptions including performing discounting and forward curve construction and volatility surface calibration to quantify PV01, KRD, Vega, and convexity of long dated rate and volatility exposures to directly inform relative value strategies; performing Monte Carlo based scenario generation to design and evaluate customized stress scenarios for mortgage backed securities (MBS) basis risk (OAS), rates, and volume exposures against Treasury benchmarks; utilizing regression-based style analysis to create synthetic tracking portfolios; building and deploying hybrid LLM-based execution algorithms using Python and C++ to monitor and execute trades across multi-currency, cross asset portfolios; and developing data pipelines and SQL architecture to run VaR and Tail Risk simulations on multi-asset portfolios. Telecommuting and/or working from home may be permissible pursuant to company policies. 

Benefits & Compensation Information:

Our team is our most important asset and investment. We value and respect our colleagues and their well-being inside and outside the workplace and our culture reflects this. We offer a robust and competitive benefits program to ensure the well-being of our colleagues.

Some benefits included in this role are:

• Training and development opportunities
• Robust Wellness Resources: Physical, Mental and Financial
• Time-Off, Retirement and Commuter Benefits
• Gym Reimbursement and other Discounts

The applicable base annual salary range for this role is $150,000-$160,000. The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.

In addition to base compensation, this role is eligible for an annual incentive plan. To learn even more about being part of the team, visit us online: Careers - Capstone (capstoneco.com)

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Capstone’s Commitment

At Capstone, we value a diverse, equitable, and inclusive workplace where all employees feel appreciated and respected. Our commitment to a nondiscriminatory approach extends equal opportunities for employment and advancement across our programs, departments, and locations. We actively seek and appreciate a variety of life experiences and heritages and advocate for the amplification of all voices. At Capstone, we're all about creating a workplace where you can thrive and make a real impact. We value innovation, teamwork, trust, and discipline, and we know you do too.

Experimentation: We love fresh ideas and encourage you to try new things. Here, you’ll have the freedom to innovate and help shape our strategies.

Collaboration: We’re big on teamwork. You'll join a supportive community where everyone’s input matters, and we learn from each other every day.

Trust: We believe in building strong, honest relationships. You'll be part of an environment where your contributions are respected and integrity is key.

Discipline: In our fast-paced world, staying focused is crucial. We commit to high standards and a disciplined approach, helping you grow both personally and professionally.

Be part of a team that values your creativity and dedication. Together, let's push boundaries and achieve great things.

Equal Opportunity Employer
Capstone is committed to creating an inclusive environment where we welcome people of different backgrounds. Capstone considers applications for employment without regard to all applicable protected characteristics, including race, color, religion, ethnicity, national origin, gender, sexual orientation, gender identity or expression, age, parental status, veteran status, or disability status.