eFinancialCareers

• Location

  New York City, NY

• Compensation

  Highly Competitive Base Salary and Bonus

• Position Type

  Employee

• Employment type

  Full time

• Updated

  09 May 2008

• eFC Ref no

  413988

Leading Hedge Fund seek Corporate Bond Repo Trader. Please only apply if you have experience as a Bond Repo Trader.

Opportunity for an expert in Credit Repo Trading who assists in establishing guidelines and providing input into strategic business plans and policies. The incumbent may be responsible for the management and utilization of significant resources in a discrete part of the business and accountable for the overall performance of their accounts, in particular revenue generation and management of risk profile.

Key Responsibilities

Ensures all appropriate credit, legal and regulatory requirements are met and understands and interprets legal and regulatory requirements to ensure compliance. Responsible and accountable for managing own trading books with regards to positions, mark-to-market, P&L and risk. Work with a large degree of independence and are responsible for making markets in credit repos within authorized commitment limits. Execute trades in accordance with established trading strategies and risk parameters. While the primary focus of trading activities is making markets in credit repos to clients and internal users, traders may use derivative products to hedge positions. Incumbents must have thorough knowledge of their product area including market liquidity and volatility, pricing and trading strategies.

Qualifications: 2+ year exp . A BA / BS Degree Expertise in trading emerging market repos and in managing related credit, collateral, market and funding risks. Thorough knowledge of credit repos including market liquidity and volatility, pricing and trading strategies.