Hedging Trader Senior Associate
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Job Location:
Charlotte, VT - USA
Monthly Salary:
Not Disclosed
Posted on:
Yesterday
Vacancies:
1 Vacancy
Job Summary
The position is described below. If you want to apply click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application youll be invited to create a profile which will let you see your application status and any communications. If you already have a profile with us you can log in to check status.
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Regular or Temporary:
RegularLanguage Fluency: English (Required)
Work Shift:
1st shift (United States of America)Please review the following job description:
Position is responsible for strategy analysis and execution of corporate treasury hedging activity. Monitor changes in the economy markets and balance sheet. Recommend methods to manage or limit risk. Ensure the alignment of hedging strategy with overall treasury goals with respect to Net Interest Income and risk exposure management. Work with Middle Office Operations and IT to ensure executed trades are confirmed cleared and valued effectively and accurately.ESSENTIAL DUTIES AND RESPONSIBILITIES
Following is a summary of the essential functions for this job. Other duties may be performed both major and minor which are not mentioned below. Specific activities may change from time to time.
1. Bring and develop an understanding of fixed income markets and the global macro drivers that related to bank interest risk management with interest rate derivative trading as well as structuring and modeling of derivative structures and knowledge of hedge accounting standards for various derivative hedging strategies.
2. Execute implementation of trading/hedging strategies within Corporate Treasury. Work closely with accounting group to ensure hedge accounting compliance where applicable. Generate both pre and post-trade analysis and characterization
3. Ensure trading group is apprised of important trends in economic data monetary policy and market events. Prepare summaries and presentations as needed. Participate and provide input in the daily/weekly/monthly calls and meetings designated to provide trade ideas market updates and strategy discussions.
4. Develop a comprehensive understanding of internal and vendor models in production and aid in the development/management of new models
5. Develop and execute strategies to minimize clearing expenses.
6. Ensure accurate and efficient trade execution. Ensure accurate confirmation process both electronic confirming via MarkitWire and bilateral paper confirms. Track positions within Calypso (derivatives system) to ensure that all traded positions are appropriately entered and modeled.
QUALIFICATIONS
Required Qualifications:
The requirements listed below are representative of the knowledge skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. Bachelors degree in finance or equivalent education and related training
2. Three-Five years of experience in a bank or related financial services organization with involvement in hedging/analyzing the balance sheet or MSR asset understanding of mechanics and dynamic of interest rate and related options market as well as mortgage assets and related derivatives.
3. Strong verbal and written communication skills; business acumen and business and social maturity ability to think strategically
4. Background in coding: python C etc.
Preferred Qualifications:
1. Advanced degree
2. SQL experience
3. Excel Experience
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits though eligibility for specific benefits may be determined by the division of Truist offering the offers medical dental vision life insurance disability accidental death and dismemberment tax-preferred savings accounts and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment along with 10 sick days (also prorated) and paid holidays. For more details on Truists generous benefit plans please visit our Benefits site. Depending on the position and division this job may also be eligible for Truists defined benefit pension plan restricted stock units and/or a deferred compensation plan. As you advance through the hiring process you will also learn more about the specific benefits available for any non-temporary position for which you apply based on full-time or part-time status position and division of work.
Truist is an Equal Opportunity Employer that does not discriminate on the basis of race gender color religion citizenship or national origin age sexual orientation gender identity disability veteran status or other classification protected by law. Truist is a Drug Free Workplace.
Required Experience:
Senior IC
Key Skills
- Business Development
- Organizational Management
- GAAP
- Accounting
- Analysis Skills
- Meeting Facilitation
- Microsoft Powerpoint
- Investment Banking
- Microsoft Excel
- Private equity
- Financial Modeling
- Writing Skills
About Company
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