Saturday, September 18, 2010

Quantitative Assistant Trader/Derivatives Trading; $60-75K

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Major International prestigious bank has an opening for a Quantitative Assistant Trader with 1-3yrs experience in a quantitative financial function with understanding of the relevant valuation and risk models for the Fixed income/Derivatives Products.

Overall Purpose of the Job:

Generate Revenue by trading and pricing fixed income and derivative products for trading and customer flow business. Analyze market, identify market trends and propose opportunities to management. Analyze trader positions and P/L estimates and resolve differences with Market Risk Management. Provide expertise in Quantitative Analysis and develop pricing and risk management tools. Coordinate with IT Staff and Participate in the implementation of system enhancements.

Essential Functions:

• Analyzing trader’s P/L estimate and resolving differences with Market Risk Management Department. Analyze market, identify market trends and propose opportunities to trading or marketing staff. Support trading and pricing for all Fixed income/Derivatives products and hedges for the customer book in compliance with branch policy.
• Confirm and reconcile transaction of Trader’s transaction, booking operation and communicate with middle and back office to process transaction data appropriately.
• Development of pricing and risk management tool, participating in the creation and maintenance of analytical libraries.
• Participate in the building the new models, prototypes and liaising with IT staff during the implementation of any necessary enhancements.

Requirements

• 1-3 years of relevant experience in a quantitative financial function.
• Understanding of the relevant valuation and risk models for the Fixed income/Derivatives Products.
• Quantitative and programming abilities (VBA, Matlab, SQL, Java, etc.)
• Excellent communication skills.

Bachelor’s/Master’s degree in quantitative/technical discipline, such as Computational/Quantitative Finance, Computer Science, Statistics, Engineering or Mathematics.

Contact: Denise 212-840-8666

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