Associate, Macro Rates Repo & STIR Trader

Associate, Macro Rates Repo & STIR Trader

BNP Paribas Securities Corp.

Location: 787 Seventh Avenue, New York, NY 10019

Responsibilities

• Provide liquidity to clients in the repo market, responding to their needs and developing the franchise through consistent pricing, sales-friendly interactions, and professional outreach.
• Maintain familiarity with accounting, regulatory, capital treatment of products, liquidity, trade life cycle, and downstream systems.
• Collaborate with Sales, Origination, Strategy/Research teams.
• Identify trades with favorable profitability and risk/reward balance.
• Price and risk-manage repo, synthetic repo (TRS, bond forward, T-Lock, XCCY, bond basis), collateral swaps, bonds, and other derivatives.
• Work with underlying repo securities including DM, EM, MBS, and Credit.
• Assist in building the Global Markets Franchise by developing key client relationships, both internally and externally.
• Maintain open communication with team and direct line management to resolve risk and P&L discrepancies and fulfill notification requirements.
• Prepare and present daily commentary to sales force and clients.
• Monitor market news and events, evaluating risk and opportunities for clients and the firm’s positions and strategy.
• Contribute to BNPP operational permanent control framework.
• Book trades in the trade capture system, managing risk and P&L.
• Liaise with BNPP middle-office and back-office to facilitate and monitor settlements.
• Work with operational support functions to identify and value all business and transaction-related risks (market, credit, operational, compliance, legal, regulatory, reputational).
• Confirm daily P&L.

Salary

$179,088.00 USD to $200,000.00 USD / year

Work Schedule

9:00am to 5:00pm, 40 hours a week. Monday – Friday.

Qualifications & Requirements

• Master’s degree (US or Foreign Equivalent) in Mathematics, Computer Engineering, Computer Science, Software Systems Development, or a related field.
• One (1) year of experience in a related occupation performing product trading or comprehensive structuring within Credit, Foreign Exchange, and Emerging markets.
• Experience with:
  • Bond trading – Bond Future Basis;
  • Programming skills – Python and VBA;
  • Capital Market knowledge;
  • FX experience – FX swap and XCCY;
  • Bank regulatory knowledge.
• FINRA registrations required: Series 7 and 63. Must take and pass the exam within 60 days of hire.

Company Policy

BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.

Security Notice

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