Associate, Macro Rates Repo & STIR Trader

BNP Paribas Securities Corp. Job Title: Associate, Macro Rates Repo & STIR Trader Location: 787 Seventh Avenue, New York, NY 10019 Duties: Provide liquidity to clients in the repo market, responding to their needs and developing the franchise through consistent pricing, sales-friendly interactions, and professional outreach. Roll require ultimate familiarity with accounting, regulatory, capital treatment of products as well as liquidity, trade life cycle and downstream systems. Work collaboratively with Sales, Origination, Strategy/Research teams. Identify trades with the right profitability and risk/reward balance. Price and risk manage repo, synthetic repo (TRS, bond forward, T-Lock, XCCY, bond basis), collateral swaps, bonds, and other derivatives. Underlying repo securities will include DM, EM, MBS and Credit. Assist in building the Global Markets Franchise by developing key client relationships, both internally and externally. Maintain open communication with team and direct line management to resolve risk and P&L discrepancies and fulfil notification requirement. Write/present daily commentary to sales force and clients. Monitor market news and events and evaluate the risk and opportunities for clients and the firm's positions and strategy. Direct contribution to BNPP operational permanent control framework. Book trades in trade capture system, managing risk and p/l. Liaise with BNPP middle-office and back-office to facilitate and monitor settlements. Work with operational support functions by identifying and valuing all business and transaction-related risks, including market, credit, operational, compliance, legal, regulatory, and reputational risks. Confirm daily P&L. SALARY: $179,088.00 USD to $200,000.00 USD / year Work Schedule: 9am to 5pm, 40 hours a week. (Monday - Friday) Job Requirements: Master's degree (US or Foreign Equivalent) in Mathematics, Computer Engineering, Computer Science, Software Systems Development, or a related field and one (1) year of experience in related occupation performing product trading or comprehensive structuring within Credit, Foreign Exchange, and Emerging markets. Must have one (1) year of experience with: Bond trading experience - Bond Future Basis; Programming skills - Python and VBA; Capital Market knowledge; FX experience - FX swap and xccy; and Bank regulatory knowledge. FINRA Registrations Required: Series 7, 63. Must take and pass the exam within 60 days of hire. BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status. Protect yourself from fraudulent job postings. Emails about jobs at BNP Paribas will always come from addresses ending @bnpparibas.com, @us.bnpparibas.com, @ca.bnpparibas.com, or @br.bnpparibas.com. You should be suspicious of emails regarding employment with BNP Paribas coming from any other domains and should not respond. BNP Paribas will never send payments to or request payments from candidates for positions posted by BNP Paribas.