Robert Half Financial Services is recruiting for a Money Market/Repo Associate Trader role for a global boutique Bank firm located in midtown Manhattan. Our client requires 2+ years Money Market or Repo Trade Operations experience at a Bank, with knowledge of MM, Repo, FX products. Experience using Opics system is advantageous. This role is hybrid remote requiring 2 days per week in the midtown Manhattan office.
Responsibilities
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• Price fix/floating rate notes based on swap, credit risk and yield curve considerations
• Price Repo collateral based on specific issue and technical factors in the treasury market
• Price USD/FX Depo Swap based on exchange rates
• Other financial instruments that the Branch considers strategically appropriate
• Forecast running cash position and calculate how each transaction influences current and future cash flows
• Maintain Repo I/O ratio in conjunction with internal limits
• Maintain DTC clearing fund requirements and prevent any limit breaches
• Develop relationship with counterparties (inter-Bank, Dealers, FICC, MMF, and FRB)
• Participate in meetings/events where the market participants participate and make/keep relationships with them
• Inputting transactions into the Opics System
• Perform daily settlement of the Bank’s balances with Branch’s primary bank, assuring positive balances and no over drawn accounts
• Execute all short-term funding needs and trading activities within authorized limits
• Make FICC margin call RINGI
• Make transaction RINGI reports
• Monitor credit lines for potential problems and devise solutions to minimize the Branch’s risk exposure
• Acquire and analyze market information and share with the TR group and management when needed
• Control, reconcile and adjust the Opics system, ensuring accuracy of all cash trader’s details
• Quote rates to our Loan Group and accommodate their funding/repayment needs and adjustments
• Make internal tickets of loan transactions for the Operation Group
• Prepare and secure all necessary documents in accordance with internal compliance guidelines
• Prepare “Know Your Customer Questionnaire” for new counterparties
• Participate in various projects at the beginning stage and make suggestions
Qualifications
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• 2+ years Money Market or Repo Trade Operations experience at a Bank
• Knowledge of MM, Repo, FX products
• Knowledge of the regulations which apply to the financial products being traded
• Experience using Opics system is advantageous
• Bachelor or Master Degree
The Money Market/Repo Associate Trader role requires 2 days per week working in the midtown Manhattan office, so please only apply if you are able to travel to this location, have relevant experience for the role and are eligible to work in the United States. The salary is flexible dependent on experience, the range is $90-100k base plus bonus and great benefits. If your profile matches the above criteria, please add me on LinkedIn and email me directly. Trishan.Khareghat@roberthalf.com
