Institutional Interest Rate Sales [Multiple Positions Available]
$175,000–$200,000 year
On-siteNew York City, New York, United States or New York, United States
Job Summary
Conduct trade modelling, execution, and post-trade operations management while covering institutional asset managers and hedge funds. Market a full suite of interest rate products including US treasuries, swaps, swaptions, rates exotics, and cross-currency to clients. Generate trade ideas and collaborate with global peers across time zones. Analyze sales and trading relationships, develop tracking tools, and model interest rate derivatives using Black-Scholes and other exotic structures. Price instruments, anticipate market moves based on macroeconomic and micro-relative value associations, and recommend trade ideas with rich versus cheap analysis. Build spot and forward swap curves in Excel to identify market dislocations. Full-time role at 270 Park Ave, New York, NY 10017, with a salary range of $175,000 to $200,000.
Required Qualifications
- Bachelor's degree in Business Administration, Economics, Finance, or related field of study
- 2 years of experience in the job offered or as Institutional NA Interest Rates Sales, Research and Assessment Data Analyst, or related occupation
- Identifying gaps in business and analyzing sales & trading relationships
- Developing tools to track progress and ensure businesses meet thresholds for trade stats, hit rates, and SOW
- Modeling interest rate derivatives and exotic structures including dual digitals and contingent curve options
- Pricing instruments and exotic structures using models including Black-Scholes, normal vs. lognormal vol, skew, and vol smile, and the risks associated with the Greeks including Delta, Gamma, Vega, and Theta
- Anticipating market moves in rates relative to other asset classes using macroeconomic relationships along with micro-relative value associations such as cash futures basis
- Recommending trade ideas to clients including rich vs. cheap analysis of specific securities and forward points on the swaps curve
- Conducting data modeling and analysis in excel building spot and forward swap curves to identify market dislocations
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