Vice President, Derivatives Flow Trader

Job Summary
Job Description
Vice President, Derivatives Flow Trader, RBC Capital Markets, LLC, New York, NY:
Identify relationships and trends in financial data recognizing risk management opportunities, generate Profit & Loss, and minimize portfolio variance. Collect, organize and interpret complex numerical data related to ongoing derivatives trading activity and to distill this data into cutting-edge and accurate information. Determine and research mean-reverting properties in the relative value of financial assets. Report and quantify results using hypothesis tests, summary statistics and graphs. Present statistical data on the volume and profitability of client trades using summary statistics and graphs. Research and develop risk management tools. Back-test the parameters and validity of these models statistically to fine-tune risk management methods.
Full time employment, Monday - Friday, 40 hours per week.
MINIMUM REQUIREMENTS:
Must have a Master's degree in Finance, Economics, Mathematics, or a related field, and 5 years of related work experience.
Of the required experience, must have at least 5 years of experience in each of the following:

• Capital markets trading;
• Financial Market investment groupings, laws and regulations of asset classes in Equities, Derivatives, Foreign Exchange, or Commodities for the following geographies: US, Canada, Brazil, Europe, and Asia Pacific;
• Trading in both vanilla and non-vanilla packages (exotic/complex) products, managing the overall risk profile of the trade, and understanding the various components and sub-components of the risk;
• Experience in the dynamics of large, complex trading books (consisting of hundreds of trades), and higher order, and cross risks including Delta, Gamma, Vega, Theta, Rho, Vanna, FX, Correlation, and Dividend Risk that span the overall markets, sectors and individual securities.
• Developing hedging strategies using listed/OTC securities to mitigate exposures originating from client trade;
• Embedding risks in option structures and sensitives to various market parameters;
• Inputting market data parameters such as Volatility, Correlation, and Dividends to fairly value the positions in trading book to generate accurate PnL and Risk metrics;
• Using analytics and understanding the dynamics between the observable and hidden parameters to accurately derive the hidden parameter values;
• Supply-demand factors and liquidity nature of such market parameters to appropriately determine hedging cost;
• Managing option pricing and risk management parameters including the volatility surface, dividends/forwards, correlation;
• Building and using statistical tools to perform pricing and risk analysis;
• Developing advanced analytics using probability theory, econometric modeling and knowledge of derivatives or FX markets to quantify and display correlation risk; and,
• Greek based PnL-attribution.

Travel: Domestic travel up to 5% and international travel up to 5%
The base salary for this job is $225,000 per year. This salary does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.
RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:
• Drives RBC's high performance culture
• Enables collective achievement of our strategic goals
• Generates sustainable shareholder returns and above market shareholder value
TO APPLY: Please click the "Apply" Button.
Job Skills
Additional Job Details
Address:
BROOKFIELD PLACE FKA 3 WORLD FINANCIAL CENTER, 200 VESEY STREET:NEW YORK
City:
New York
Country:
United States of America
Work hours/week:
40
Employment Type:
Full time
Platform:
Capital Markets
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2024-01-19
Application Deadline:
Inclusion and Equal Opportunity Employment
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