Capital Markets Trading Desk Team Leader
Capital Markets Trading Desk Team Leader
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Job Description
At Associated Bank we strive to create an inclusive culture where different perspectives are valued and recognized as strengths critical to our success. If you thrive in an environment where your growth and development are encouraged and supported then Associated Bank may be the right place for you.
Associated Bank requires you to directly represent yourself and your own experiences during the recruiting and hiring process.
Under limited supervision oversee pricing and position management to market risk for foreign exchange (FX) interest rate swaps and commodity derivatives taking full responsibility for the actions and outcomes of the Trading/pricing Desk. Manage mentor and develop a team of 15 colleagues regarding how to price/quote and cover foreign exchange rate swaps and commodity transactions/hedges within a clientled strategy and ensure adequate and knowledgeable staffing on the pricing desk at all times in order to meet the needs of the Capital Markets sales force and client needs. Ensure the team provides indicative and live pricing support to the FX Swap and Commodity Sales force throughout the day. In addition provide price risk/position management markedtomarket verification and source and establish relationships with upstream market maker/price providers ensuring the best the possible interbank dealing prices will be key to spread and liquidity optimization. Ensure continuous adherence to the Banks intra day and overnight position limits will be a key responsibility. Be a key contributor to the continued positioning and success of the Capital Markets line of business and be instrumental in ensuring the of growth strategies is fulfilled by the Trading Desk colleagues.Pricing/Trading
1 Provide accurate and timely indicative and realtime pricing to Foreign Exchange Interest Rate Swaps and Commodity sales force.
2 Ensure proper risk controls for existing and growing $swap book 100 trade per day FX business and Commodity Derivatives oil and natural gas etc.
3 Identify and fully develop upstream counterparty market makers for FX Rate Swaps and Commodity Derivatives.
4 Ensure the team has thorough knowledge of all spot forward NDF option and structured option (collars floors caps par options basis pricing etc) for FX Rate Swaps and Commodities.
5 Provide pricing support to a team of sales people meeting their needs on a timely accurate basis sourcing the best wholesale market price through developed upstream relationships to maximize revenue spread potential.
Teaching and mentoring
1 Develop Trade Desk (team of 15 colleagues as fully functional traders/pricers of FX Rate Swaps and Commodities (Spot Forwards Options NDFs) including structures such as Blend and Extends Collars Par Options and Forward Extras.
2 Create and maintain as directed by the OCC in house Commodity training module within Associated University.
Administration
1 Ensure all bank policies within Capital Markets are being met such as intraday risk limits overnight risk limits.
2 Review trade confirmations 3eye check) to ensure accuracy.
3 Ensure all BSA/compliance and regulatory requirements within FX Interest Rate Swaps and Commodity Derivatives are met.
4 Verify all markedtomarket revaluation rates used at each days end.
5 Help develop system architecture for trade entry and front office booking looking for centralization and efficiency enhancements.
6 Participate in community and business functions/groups to ensure a positive image for the bank in the marketplace.
Education
Bachelors Degree or equivalent combination of education and experience Business Finance or Accounting Required
Experience
10 years Corporate banking and capital markets experience. Technical knowledge of interest rate hedging products. Experience in and understanding of capital markets and economic cycles. Prior experience dealing with transactions from $to $. Required
In addition to core traditional benefits we take pride in offering benefits for every stage of life.
Retirement savings including both 401(k) and Pension plans.
Paid time off to volunteer in your community.
Opportunities to connect with others through our diversityfocusedColleague Resource Groups.
Competitive salaries with professional development and advancement opportunities.
Bonus benefits including wellbeing programs and incentives parental leaveanemployee stock purchase plan military benefits and much more.
Personal banking loan investmentand insurance benefits.
Associated Bank serves more than 120 communities throughout Wisconsin Illinois and Minnesota and we consider our colleagues critical to our continued success. See why our colleagues continually vote us a best place to work in the Midwest.Join our community onFacebookLinkedInandX.
Compliance Statement
Associated Bank is an equal opportunity employer committed to creating a diverse workforce. We support a work environment where colleagues are respected and given the opportunity to perform to their fullest potential. We consider all qualified applicants without regard to race religion color sex national origin age sexual orientation gender identity disability or veteran status among other factors.
Fully complies with all applicable enterprise policies and procedures. Acts in compliance with all applicable laws and regulations as outlined in training materials including but not limited to Bank Secrecy Act. Responsible for reporting suspicious activity to Financial Intelligence. Responsible to report all customer complaints as prescribed and procedure violations to management or HR.
Responsible to report ethical concerns as needed to Associated Banks anonymous Ethics Hotline.
Associated Bank provides additional assistance throughout the application interview and hiring process. Please contactif you need an accommodation at any time during the process.
Associated BancCorp is an Affirmative Action andEqual Opportunity Employer. Associated BancCorp participates in the EVerify Program. EVerify NoticeEnglish or Spanish. Know Your Right to WorkEnglishorSpanish.
Associated Bank isPay Transparencycompliant.
The pay range represents anticipated base pay for this role. Actual pay may vary based on factors including but not limited to work location skills experience education and qualifications for the role.
$139930.00 $239880.00 per yearEmployment Type
Full-Time
