Hedging Trader - Senior Associate

Truist • Charlotte, NC

23h

About The Position

Position is responsible for strategy, analysis, and execution of corporate treasury hedging activity. Monitor changes in the economy, markets, and balance sheet. Recommend methods to manage or limit risk. Ensure the alignment of hedging strategy with overall treasury goals, with respect to Net Interest Income and risk exposure management. Work with Middle Office, Operations, and IT to ensure executed trades are confirmed, cleared, and valued effectively and accurately.

Requirements

• Bachelor’s degree in finance or equivalent education and related training
• Three-Five years of experience in a bank or related financial services organization with involvement in hedging/analyzing the balance sheet or MSR asset, understanding of mechanics and dynamic of interest rate and related options market, as well as mortgage assets and related derivatives.
• Strong verbal and written communication skills; business acumen and business and social maturity, ability to think strategically
• Background in coding: python, C++, etc.

Nice To Haves

• Advanced degree
• SQL experience
• Excel Experience

Responsibilities

• Bring and develop an understanding of fixed income markets and the global macro drivers that related to bank interest risk management, with interest rate derivative trading as well as structuring and modeling of derivative structures and knowledge of hedge accounting standards for various derivative hedging strategies.
• Execute implementation of trading/hedging strategies within Corporate Treasury. Work closely with accounting group to ensure hedge accounting compliance where applicable. Generate both pre and post-trade analysis and characterization
• Ensure trading group is apprised of important trends in economic data, monetary policy, and market events. Prepare summaries and presentations as needed. Participate and provide input in the daily/weekly/monthly calls and meetings designated to provide trade ideas, market updates, and strategy discussions.
• Develop a comprehensive understanding of internal and vendor models in production and aid in the development/management of new models
• Develop and execute strategies to minimize clearing expenses.
• Ensure accurate and efficient trade execution. Ensure accurate confirmation process, both electronic confirming via MarkitWire and bilateral paper confirms. Track positions within Calypso (derivatives system) to ensure that all traded positions are appropriately entered and modeled.

Benefits

• All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position.
• Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates.
• Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays.
• Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan.

What This Job Offers

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