# Associate, Macro Rates Repo & STIR Trader [BNP Paribas](https://www.jorb.ai/firms/bnp-paribas.md) · New York · United States · [Sales & Trading](https://www.jorb.ai/jobs/sales-trading.md) BNP Paribas is hiring a Associate, Macro Rates Repo & STIR Trader in New York. Posted 2026-07-11; applications close 2026-09-09. **Apply**: https://group.bnpparibas/en/careers/job-offer/associate-macro-rates-repo-stir-trader Posted 10d ago. ## Role details ## 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. ## Applying to this role This Associate, Macro Rates Repo & STIR Trader role at BNP Paribas runs through the firm's own careers portal and expects a CV and cover letter written specifically for the posting, not a portable submission carried across firms. Jorb AI's application agent tailors a CV and cover letter from your background to this posting and tracks the role alongside the rest of your applications. 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