Saturday, March 19, 2011

Senior Derivatives Trader-Fixed Income

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Vanguard, one of the world's largest investment management companies and a recognized employer of choice, seeks a senior derivatives trader to use existing quantitative models, both proprietary and third party, and to analyze financial instruments for the purpose of evaluating, recommending, and implementing trades.

Your primary duties and responsibilities:

- Executes trades for assigned portfolios and measures the impact of the trades on the relevant portfolios. Viewed as price setter for trading, handles a high percentage of negotiated trades and high-risk situations such as high beta and distressed.
- Analyzes cash and derivative instruments and cash and derivative related investment strategies for the purpose of increasing portfolio returns and/or reducing portfolio risk.
- Develops, evaluates and acquires models for analyzing financial instruments and financial instrument strategies. Identifies and effectively overcomes problems so that the required analysis is generated timely and accurately. Analyzes and makes decisions based on data collected by less tenured traders.
- Acts in a critical function as a back up when the portfolio manager is off the desk. Has the authority to invest cash flows across domestic bond and currency markets. Manages traders relative to trading activities.
- Works independently and partners with the Risk Management and Strategic Analysis group to generate a variety of risk management reports for senior management. Expert knowledge of compliance, regulatory rules and investment guidelines. Able to effectively communicate to others.
- Executes strategy, with discretion within a specified risk budget using expert knowledge of relative value across sectors and asset classes.
- Keeps abreast of current conditions in the fixed income markets, i.e., yield spread relationships, relative value, etc., through reading dealer and other literature, phone conversations with dealers, and independent analysis. Interacts extensively with senior portfolio managers, credit analysts, traders, and dealers. Presents market updates as needed at the weekly strategy meetings.
- Presents market data updates as needed at the weekly strategy meetings. Interprets risk of news events across broad sector class. Acts as an analyst peer and is recognized as a sector expert providing actionable trade ideas and detailed commentary.
- Generates complex trading strategies involving derivative products or cash bond alternatives to add value. Independently generates ideas and research.
Participates in ad-hoc projects, leads FIG (Fixed Income Group) projects including reporting responsibilities, and performs other activities as assigned
Requirements

Qualifications

Only U.S. citizens, lawful permanent residents, or others with the permanent right to work in the United States will be considered for this position. Employment is also contingent on a successful drug-screening result.

The ideal candidate should possess:

- An undergraduate degree (in accounting, finance, mathematics, computer science preferred), or equivalent combination of training and education. An advanced degree and Chartered Financial Analysts certificate (CFA) preferred.
- A minimum of six years’ trading related work experience or equivalent. Strong, well developed trading negotiation skills.
- Above average knowledge of financial and investment theory, economics, and statistics.
- Above average knowledge of financial instruments and markets from both theoretical and practical, i.e. modeling and trading perspectives.
- Strong verbal and written communication skills. Effective presentation skills.
- Ability to explain technical material in a nontechnical manner for the benefit of others.
- Ability to work in a fast paced environment.
- Strong analytical and problem solving skills.
- Strong interpersonal skills needed to oversee other desk traders.

Apply for Job Here

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