Associate, Macro Rates Repo & STIR Trader

Associate, Macro Rates Repo & STIR Trader

Company: BNP Paribas Securities Corp.

Location: 787 Seventh Avenue, New York, NY 10019

Responsibilities

• Provide liquidity to clients in the repo market by responding to client needs and developing the franchise through consistent pricing and professional outreach.
• Develop and maintain deep knowledge of accounting, regulatory requirements, capital treatment, product liquidity, the trade life cycle, and downstream systems.
• Work collaboratively with Sales, Origination, and Strategy/Research teams.
• Identify trades with appropriate profitability and risk/reward balance.
• Price and manage risk for repo and related products, including synthetic repo (TRS, bond forward, T-Lock, XCCY, bond basis), collateral swaps, bonds, and other derivatives.
• Trade underlying repo securities including DM, EM, MBS, and Credit.
• Assist in building the Global Markets Franchise by developing key internal and external client relationships.
• Maintain open communication with the team and direct line management to resolve risk and P&L discrepancies and fulfill notification requirements.
• Write and present daily commentary to the sales force and clients.
• Monitor market news and events and evaluate risks and opportunities for both clients and the firm’s positions and strategy.
• Make direct contributions to the firm’s operational permanent control framework.
• Book trades in the trade capture system, managing risk and profit and loss (P&L).
• Liaise with middle-office and back-office teams to facilitate and monitor settlements.
• Support operational functions by identifying and valuing business and transaction-related risks, including market, credit, operational, compliance, legal, regulatory, and reputational risks.
• Confirm daily P&L.

Compensation

Salary: $179,088.00 to $200,000.00 USD per year

Work Schedule

9:00 a.m. to 5:00 p.m., 40 hours per week (Monday–Friday)

Qualifications

• Master’s degree (U.S. 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.
• One (1) year of experience with:
  • Bond trading experience, including Bond Future Basis
  • Programming skills in Python and VBA
  • Capital Markets knowledge
  • FX experience, including FX swaps and XCCY
  • Bank regulatory knowledge

FINRA Registration

• Series 7 and Series 63
• Must take and pass the required exam within 60 days of hire.