Fixed Income STRIPS Trader

DAIWA CAPITAL MARKETS AMERICA INC • New York, NY

14d • Hybrid

About The Position

The Treasury Strips Trader will be responsible for market making, risk management and client facilitation in the US Treasury STRIPS markets.
The role requires deep knowledge of US Treasuries, STRIPS structuring, curve dynamics and relative value opportunities across the rates complex.
The trader will contribute directly to the desk’s P&L, client relationships and overall strategy in government bond business.

Requirements

• Bachelors degree in Finance, Economics or related field.
• Minimum 5 years of trading experience in US Treasuries, STRIPS, or related products.
• Strong knowledge of fixed income analytics, duration/convexity and yield curve dynamics.
• Proven ability to generate P&L while managing risk.
• Excellent quantitative, analytical and problem solving skills.
• Strong communication skills and ability to work closely with sales, research and risk management.
• Proficiency with Bloomberg, Tradeweb and relevant trading systems.

Responsibilities

• Actively trade STRIPS, managing risk book in both principal and interest only securities.
• Provide liquidity and pricing to institutional clients.
• Identify and execute relative value opportunities across the Treasury curve, futures and swaps.
• Manage risk exposures within approval limits
• Collaborate with sales team to provide market color, trade ideas and execution services.
• Maintain strong relationships with clients, primary dealers and internal stakeholders.
• Ensure compliance with regulatory requirements and internal risk controls
• Contribute to the desk’s strategic initiatives.

Benefits

• Competitive Benefits Package (Medical, Dental and Vision)
• Ancillary Insurance (Basic Life Insurance, AD&D Insurance, and Short & Long-term Disability)
• Flexible Spending and Health Savings Accounts (FSA and HSA)
• Employee Assistance Program (EAP)
• Comprehensive health and wellness benefits
• Parental Leave
• Family building benefits
• 401(k) with company match
• Paid Time Off and holidays
• Professional development, educational assistance and training programs
• Community Engagement Programs

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level