Job

Trader Assistant - Macro/Rates 7-10 years

Location: New York
Base Salary: $120-170k base
Total Compensation: $225-250k
Industry: Hedge Funds
  • Senior TA Role
    • Around 7 years of experience, ideally no more than 10
    • PnL focused, and analytical - Incredibly important that this individual can work independently with the ability to think critically, identify issues and propose solutions
    • Well versed in macro asset classes (fx rates, credit, macro equity), Ideally we want them to have experience with rates and equities
    • Analytically driven with project experience/process enhancement experience. Understanding of operational process.
    • Experience with tool building and pnl reconciliation.
    • Someone with some understanding of Financing/repo/margin/trading costs would be good. Treasury/collateral management experience is very helpful. Well versed in market standards for fair market value processing
    • Needs to be technical, ideally with Python and C++ proficiency.

Role: Market Analysis Trading Assistant

Location: New York

 

Key Responsibilities

Duties and responsibilities include, but are not limited to, providing trading support and control and executing projects relating to the building of the fixed income businesses, as is outlined below:

  • Ensure accurate trade capture and position management in our trading systems
  • Act as liaison between trading and BUC(Business Unit Control) to confirm and resolve P&L issues and ensure accuracy
  • Be able to continually identify and deliver process improvements through automation, tool building, and partnering with other stakeholders within the firm. 
  • Work closely with Tech teams to enhance, build and validate enhancements to systems and tooling
  • Be responsible for the P&L Predict / Explain process and the reconciliation with actual P&L
  • Monitor intraday risk and reconcile with EOD Risk
  • Analyze trade flows to help identify opportunities for and trade cost savings
  • Work with the Trading Desk, Quantitative Research, Finance, Operations, and Technology on ad hoc projects related to the growth and build-out of our business capabilities (expansion of the product slate, business process enhancements / automation,  trading docs, new business initiatives)
  • Understand and help provide cost saving opportunities related to Margin optimization. 
  • Assist in understanding the impact of regulation (EMIR, MiFID II) on Market Structure and the execution and control functions within our business

 

Qualifications:

  • Minimum of a Bachelor’s degree (or foreign equivalent)
  • Preference for finance, economics, applied mathematics, physics, engineering, or computer science, or related quantitative field
  • Minimum of 7 years experience in fixed income or equities securities or derivatives middle office, operations or financial control environment
  • Knowledge of / familiar with financial markets, fixed income derivatives, and /or cash instruments (Swaps, Swaptions, Sovereign Debt, equity, commodity)
  • Knowledge of/ familiar with Trade Financing: Repo, Margin, Working capital.  
  • Basic knowledge / understanding of 1st order interest rate risk (Duration, Curve) and familiarity with the Swap Yield curve
  • Advanced knowledge of Excel and Microsoft Word (or related software), and experience with working in a database
  • Proficiency in python and C++ is preferable
  • CFA preferable
  • Excellent English, grammar, written and oral communication skills
  • Strong organizational skill and attention to detail

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