YOUR CAREER AT MANIFOLD CAPITAL PARTNERS
We are always looking for exceptional traders to join our growing team. Get in touch with us to see if Manifold Capital Partners is a good fit.
We look forward to hearing from you!
CURRENT POSITIONS AVAILABLE
PROPRIETARY REMOTE TRADER
Manifold is looking for experienced proprietary traders to join our firm as remote traders. Ideal candidates will have at least 2 years’ experience in equities markets, and at least 3 months experience executing and managing intraday trades. Ideal candidates should be comfortable working independently, self-disciplined, bring their own trading strategies, and be willing to post their own risk capital.
Bonus qualifications include experience using Sterling Trader Pro, or Fusion Trader. Knowledge of routes and order types is also a plus, but can be learned through our onboarding program.
For candidates looking to get more trading experience, we recommend opening a retail account with one of the following brokerages
For candidates looking to get more experience intraday trading, and with day trading platforms, please get in touch – here, or call us at 888-476-7295 - and we’ll set you up with a demo account and help get you up to speed on the types of setups our traders like to use.
Our remote traders receive:
BECOME A PROPRIETARY TRADER
If you answered “yes” to either of these questions, then a career as a propriety trader can be a life-changing experience that provides you with the opportunity and tools to crush your lifetime financial goals.
If you have a passion for trading along with grit and determination, you might have what it takes to become a proprietary trader. Here’s what to do next:
Join us at Manifold Capital Partners. We are currently recruiting traders of all levels. Start by applying above and our professional team of traders will reach out.
Onboarding & Education
Complete our onboarding program. We can provide you with tested and tried trading styles and strategies to ensure your success.
Trade Our Money
Trade our money. With more initial capital and more freedom to trade any style, any time, and in many markets, you have a solid foundation for success. The better you perform, the more earnings are gained.
A GENERAL GUIDE TO PROPRIETARY TRADING JOBS
In this guide, we’ll outline what a prop trading job entails and give you some inside tips on how to land the job.
Day traders who work for a proprietary trading firm are contractors. They also have the potential to work with a variety of investment vehicles, including stocks and currencies based on the firm’s strategies.
Instead of serving clients and working in a formal office, as is the case in a bank or brokerage firm, these trader jobs involve making trades on behalf of the company the are contracted to. Traders are compensated based on the profits of their trades.
Prop trading firms have specific methodologies and tools that their traders use, which ensures that everyone trading on behalf of the firm is on the same page and follows consistent practices. There are allowances and depending on the trading firm, the rules can be quite flexible.
Sometimes day trader jobs take place in the office itself, and other times, the prop firm allows their traders to work remotely.
Traditional and remote prop trading jobs has become incredibly attractive in recent years, and prop traders enjoy the following benefits:
- Hands-on training, simulations, and ongoing coaching and support
- Access to a large pool of trading capital
- Commission fees that are a fraction of retail day trading fees
- Lower trading costs
Propriety traders also learn risk management, which helps them manage stress and gives them the confidence to make sound investment decisions.
The first step is to find a firm that piques your interest and apply. Before going down that path, it helps to assess your personality and goals to ensure you’re a good fit. Prop trading firms are looking for people who fit the following:
- Bachelor’s degree
- Some experience (but not always required)
- Aptitude for math and quantitative analysis skills
- Entrepreneurial mindset
- Passionate about the markets and trading
- Problem-solving capabilities
- Disciplined (especially if you’re working remotely)
- Consistency (the ability to follow a plan and stick to it)
If you meet the basic requirements, you’ll be invited to a suitability interview. The interview process is often quite unlike the questions you’ll be asked in a traditional finance or trading role. Prop trader job interviews are known for creative questioning tactics. Remember, this job requires an incredible level of skill, discipline, and focus. Prop firms want to make sure their money is in good hands.
The key to acing the interview is to prepare your mind to think quickly and logically. Your interviewer isn’t necessarily expecting you to know the answer to a brain teaser. Instead, you’ll be evaluated on how your mind works and your problem-solving ability.
Resist the temptation to say the first thing that comes to mind in a rush to answer the question. Instead, take a deep breath and think about what you want to say. You might even want to take a sip of water to buy some time and gather your thoughts.
Prop trading firms are also looking for a demonstrable passion for trading. Ideally, if you’re entering this industry, it’s because you want to do it long-term and it’s something you’ll enjoy on a day-to-day basis. You don’t necessarily need to immerse yourself in the world of finance 24 hours a day, but it helps if it interests you enough that you’ll want to spend your off hours continuing to learn, study, and get better.
For traders that already have experience trading, make sure you have a journal or trading log where you’ve tracked your results, and you can identify your strengths as well as your best trades. If you do have this data, it signals that you have a real passion for trading, and it puts you a step ahead of other applicants.
If the idea of trading at home and not having to commute to an office appeals to you, that could be an option for you as well. With advancements in home Internet speeds and personal computing power, remote trading jobs are now possible.
Because of the Independent Contractor status, they do not get paid salary and do not get Employment status forms from the trading company. This is typically considered a major benefit because traders get to trade as corporations and take advantage of a vast array of tax write-offs and other financial benefits.
Your earnings potential is virtually uncapped, and the better you are at what you do, the more money you’ll get to trade with. And, the larger your trading account, the more you can make. It’s also normal for some traders to enter a lull or slow period that cuts into their bottom line. The key is to stay consistent and work with the firm’s coaches and mentors to continue to develop the skills required for success.
There are, however, key differences in the job and compensation structure for stock trading jobs vs. proprietary trading jobs. One of the most notable differences is the client relationship. A stock trader working for a bank or brokerage firm is trading with clients’ money on their behalf, and the profits earned come from transaction fees and commissions. A remote prop trader’s only client is the company they’ve contracted to work with. They don’t have to do any selling, customer relationship management or provide financial advice. They are solely tasked with making profitable trades.
From the day you start to the day you make your first trade, proprietary trading jobs are a little different. Here’s what to expect:
- More flexible start dates.
- No “shadowing” of traders, which is customary in traditional stock trading jobs. Instead, you get to hit the ground running after a brief training period.
- Depending on the firm, you may need to sign a non-compete agreement.
- Prop trading recruiters tend to look for someone who’s inherently interested in and passionate about trading, not just finance.
- Prop traders are expected to continue studying, learning, and improving after hours.
- The compensation has a larger upside, but the tradeoff is the lack of security in having a steady salary.
- Prop trading requires a more specific skill set since many firms focus on one or a select group of strategies.
- Your job is not driven by clients or serving their financial needs. Instead, you are 100% focused on creating profits for yourself and the proprietary trading firm.
- You can ditch the formal environment of a bank environment. There’s no office politics to worry about; only results.
- Stock trading jobs tend to have a set salary and bonus structure, but prop trading jobs have a variable pay structure.
- Prop trading jobs tend to have a trial period where you have a chance to prove yourself.
- Prop traders get to trade with the firm’s money instead of their personal funds or the client’s money.