Trader

Duties

Develop the risk and trading infrastructure, including portfolio risk, and ensure risks are correctly represented.

Respond to client price inquiries for interest rate swaps.

Manage market risk from client activity at a portfolio level.

Couple with control functions to ensure compliance with regulations, and partner with Finance to ensure that the trading desk performance is accurately captured.

Guide the technological development of trading desk operations.

Develop Markets products with particular focus on Interest Rate Derivatives across the curve.

Pricing and hedging transactions with large Interest Rate Delta and experience at managing higher level PCA risks in the trading desk’s Interest Rate Derivative portfolio.

Working with regulations which affect Interest Rate Swaps trading.

Oversee a USD interest rate swaps trading book and generate revenues and manage risk for USD interest rate swaps business.

Couple with Sales, Research, Capital Markets, and other organizations across Markets and Securities Services, and the broader business.

Trade a book and deliver on budgeted revenues and manage book risk.

Establish and maintain key relationships to deliver trades to the desk, and anticipate client demand in each respective product/market.

Couple with desk analysts as needed, and with sales to develop the franchise.

Generate trade ideas and take market risks to create an additional source of alpha to the desk’s performance.

Requirements

Requires a Master’s degree, or foreign equivalent, in Physics, Economics, Mathematics or related field and 4 years of experience as a Trader, Sales and Trading Program Analyst or related position supporting USD interest rate Swaps Trading within a global financial firm.

Alternatively, employer will accept a Bachelor’s degree in the stated fields and 6 years of progressively responsible, post-baccalaureate experience.

Full span of experience must include:

• Pricing interest rate swaps;
• Pricing and hedging transactions;
• Couple with control functions to ensure compliance with regulations and accurate records of the trading desk performance;
• Developing technological platforms, pricing tools, booking and risk management systems;
• Risk Management at a portfolio level;
• Maintaining a USD interest rate swaps curve;
• Client relationship management;
• Generating trade ideas;
• Taking market risks to generate an additional source of alpha to the desk’s performance.

Benefits

Available offerings may vary by jurisdiction, job level, and date of hire.

Wage Range: $250,000 to $250,000

Additional benefits include:

• Medical, dental & vision coverage;
• 401(k);
• life, accident, and disability insurance;
• wellness programs.

Paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays.