Bachelor's degree in Business, Economics, Finance, Econometrics or equivalent experience
2-5 years of derivatives sales support experience
Solid grasp of derivatives market complexities
Thorough understanding of fixed income and derivative pricing applications
Strong analytical and problem-solving skills
Experience with drafting ISDA documentation
Proficient in managing multiple projects and deadlines simultaneously
Responsibilities
Collaborate with Macro Rates Sales team to design derivative pricing and valuation solutions
Support senior sales team members by resolving issues related to credit lines and trades
Prepare marketing presentations on market commentary and hedging products
Contribute to the RFP process for client opportunities
Coordinate with credit and legal teams for documentation approval and trade confirmations
Assist in client execution and idea generation of new interest rate derivative products
Benefits
Healthcare including medical, dental, vision
Basic and optional life insurance
Short-term and long-term disability coverage
Pregnancy disability and parental leave
401(k) and employer-funded retirement plan
Paid vacation time increasing with tenure
Up to 11 paid holidays
Adoption assistance
Sick and Safe Leave accruals
Full Job Description
Job Description
The Derivatives Associate works as a member of the Macro Rates Sales team to demonstrate and design derivative pricing, valuation, and risk management solutions for clients. Serves as a back-up and support to assigned senior sales team members. Makes sure that issues are resolved and takes initiative in all areas relating to credit lines, ISDA documentation and trades. Prepares marketing presentations, including current market commentary, discussion of hedging products and applications, and indicative pricing. Participates and contributes to the RFP response process for customer opportunities. Coordinates with credit and legal teams to ensure timely approval and execution of credit lines, ISDA documentation, and trade confirmations. Assists in client execution and idea generation of new interest rate derivative products.
Job location will focus on New York, Chicago, and Charlotte
Basic Qualifications
Bachelor's degree in Business, Economics, Finance, Econometrics or related field, or equivalent work experience
Two to five years of derivatives sales support or related experience
Preferred Skills/Experience
Solid understanding of complexities of the derivatives markets
Thorough knowledge of fixed income and pricing of derivative applications, including swaps, swaptions, caps, floors, cross currency, and treasury locks.
Strong analytical and problem-solving skills
Experience with ISDA documentation drafting
Understanding and knowledge of ISDA terms
Ability to work equally well in a team environment and independently, exhibiting initiative, ownership, and flexibility
Strong oral and written communication skills, including the ability to translate complex financial concepts into simple terms and actionable steps
Strong attention to detail
Ability to manage multiple tasks/projects and deadlines simultaneously
Compensation:
Compensation will consist of salary and annual discretionary incentive
Estimated salary $135,000-$160,000
Benefits:
Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:
Healthcare (medical, dental, vision)
Basic term and optional term life insurance
Short-term and long-term disability
Pregnancy disability and parental leave
401(k) and employer-funded retirement plan
Paid vacation (from two to five weeks depending on salary grade and tenure)
Up to 11 paid holiday opportunities
Adoption assistance
Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
Review our full benefits available by employment status here.
Posting may be closed earlier due to high volume of applicants.
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U.S. Department of the Treasury is a government agency responsible for promoting economic prosperity and ensuring financial security. The department is responsible for a wide range of activities such as advising on economic and financial issues, encouraging sustainable economic growth, and fostering improved governance in financial institutions.
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