Associate/Associate Director, UST Repo Trader (215756)
Associate/Associate Director, UST Repo Trader (215756)
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
Requisition ID: 215756
Salary Range:145000.00-225000.00
Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors including but not limited to the successful candidates relevant knowledge skills and experience.
Join a purpose driven winning team committed to results in an inclusive and high-performing culture.
Title: Associate/Associate Director Repo Trader
Global Banking and Markets
Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America operating globally for over 100 years. Scotiabanks strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.
Global Banking & Markets provides a full range of investment banking credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing mergers & acquisitions corporate banking institutional equity sales trading and research fixed income products derivatives energy foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.
Be part of an innovative Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!
Purpose
Based in New York and reporting to Desk Head of Repo desk the candidate will be responsible for trading the UST repo book across Specials and GC. The candidate will be expected to manage interest rate risk pricing client activity providing commentary and managing internal collateral. To succeed in this role the candidate requires an in-depth knowledge of UST repo markets short end US bond markets and global central bank policies.
What Youll Do:
Pricing client UST repo activity across GC and specials
Pricing client MBS Agency trades
Hedging interest rate risks
Generating trade ideas within financing bills bond-basis and rates markets
Managing market risk and PnL communicating to management teams
Working closely with sales teams to grow the client business and understanding holistic client relationships
Proficient knowledge of bills short coupons and bond basis markets
Knowledge of global FX swaps markets is a benefit.
Understand how the Banks risk appetite and risk culture should be considered in day-to-day trading.
Continue to grow the business with an understanding of the changing regulatory environment.
Work closely with all trading desks within Global Banking and Markets
Continuously improve methods and processes to enhance profitability and/or mitigate trading risks
Effectively communicate with the various trading groups and divisions within the bank.
What Youll Bring
- Ideal candidate will possess a relevant bachelors degree (Commerce Economics Mathematics or related discipline) or equivalent qualification.
- Min 3years of experience of working in a relevant role
- Strong understanding of USD short term rates environment
- Ability to work well under pressure and tight deadlines have the aptitude to synthesize large amounts of information and develop innovative solutions.
- Strong quantitative and analytical skills.
- Strong financial and computer literacy skills.
- Strong oral and written communication skills. Ability to communicate effectively to various groups including back-office mid-office and sales.
- Series 7 & 63 required Series 24 an asset.
Interested
At Scotiabank every employee is empowered to reach their fullest potential respected for who they are and embraced for their differences. Thats why we work to grow and diversify talent and engage employees in a performance-oriented culture.
Whats in it for you
Scotiabank wants you to be able to bring your best self to work and life every day. With a focus on holistic well-being our many flexible benefit programs are designed to help support your unique family financial physical mental and social health needs.
Location(s): United States : New York : New York City
Scotiabank is a leading bank in the Americas. Guided by our purpose: for every future we help our customers their families and their communities achieve success through a broad range of advice products and services including personal and commercial banking wealth management and private banking corporate and investment banking and capital markets.
At Scotiabank we value the unique skills and experiences each individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including but not limited to an accessible interview site alternate format documents ASL Interpreter or Assistive Technology) during the recruitment and selection process please let our Recruitment team know. If you require technical assistance please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however only those candidates who are selected for an interview will be contacted.
Required Experience:
Director
Employment Type
Full Time
