Fixed Income Derivatives Trader - 5 years experience

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Fixed-Income Derivatives Trader - 5 years experience in Fixed-Income / Sell Side
Location: Manhattan - Park Avenue Location
Salary: 160-200K + 12% bonus
This position sits on the Sales and Trading team.
Working within the trading & Strategy team, responsible for the pricing of advances, issuance of debt, and executing derivative hedging transactions.
This position is for a candidate to be an integral part of the Trading & Strategy team. The primary role is to Price and Execute Structured and Non-Structured Advances and Execute derivative hedges, with autonomy in accordance with Bank procedures and procedures. The candidate will contribute to do Balance Sheet optimization through use of analyzing and valuing Funding and Derivatives activity.
Skills:

• Skilled fixed-Income Derivatives Trader, preferably with sell-side experience.
• The ability to model, structure, and execute fixed-income derivative transactions.
• An in-depth understanding of fixed-income mathematics and derivatives pricing models is required
• Knowledge and understanding of Yield Curve construction and Options Pricing is required
• Knowledge of GSE debt issuance.
• A familiarity with MBS is a plus
• Understanding of accounting rules, specifically SFAS 133 and the requirements for hedge designation, is a plus
• Expertise in Bloomberg and Trading Analytics software such as PolyPaths
• Knowledge of Python, including visualization packages such as Plotly. Proficiency in SQL and VBA.
• Proficient in addressing the optimization of processes and workflow of a financial operation
• Must demonstrate solid communication skills, with the ability to write and speak persuasively.
• Ability to discuss and present financial concepts at a highly technical level and in terms understood by persons less familiar with markets.
• Ability to work independently and in a team environment to support the Bank's general funding, hedging, and liquidity management activities.
• Detailed oriented.

Essential Duties-

• Price member advances range from vanilla bullets to complex structured transactions.
• Build and execute rate hedges to maintain a planned risk profile
• Provide complex and sophisticated analysis and recommendations concerning managing the Bank's assets and liabilities.
• Support analysis, and reporting of financial activities and risk positions, as necessary.
• Determine and provide prepayment/unwind fee calculations for advance and derivative transactions
• Monitor, analyze, recommend, report, and execute the efficient option exercise on existing advances Monitor markets for trade opportunities and develop value-added funding strategies from member banks
• Ensure all activities comply with all risk limits, standards, processes, procedures, and regulations.
• Contribute to the ALM/Risk group initiatives, preparing for discussions and providing analysis as a Capital Markets representative
• Provide support in initiatives like Strategic Planning, Member Failure Planning, Business

Experience Required:

• Minimum of 5 years of modeling, valuing, hedging, and managing complex Fixed Income.
• In-depth knowledge of accrual portfolios and ability to present relevant ideas and market research.

Education:

• Bachelor's degree in business administration, Finance, Economics, or related discipline
• MBA in Finance, CFA preferred.

INDH
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