Quant Trader- E- Trading Municipal Bonds - Director
About The Position
The Municipals e-Trading team, part of the Rates Trading division, is seeking a senior quant researcher to focus on automated electronic trading of Municipal bonds. This role involves automated pricing, trading, and hedging for Municipal bonds in both customer (dealer to client) and interdealer (dealer to dealer) markets. It is a highly technical and quantitative position requiring strong coding skills, a solid analytical background including statistics, and a focus on idea generation and data analysis. Experience in automated market making in flow products is essential, and specific knowledge of Municipal bonds is advantageous.
Requirements
- Experience in automated market making in flow products is essential.
- Coding skills and a strong analytical background including statistics.
- Positive and pragmatic can-do attitude, able to take initiative as a proactive self-starter and work well with others in a highly collaborative team.
- Ability to articulate ideas confidently and concisely for effective communication across multiple teams and functions.
- Experience of quantitative analysis, trading, or research, including subjects such as pricing and risk management for liquid financial markets, balancing the trade-off between improving research results and translating them into business outcomes.
- A good understanding of cross-asset cash and derivative products, across markets, and the skills to solve complex business problems.
Nice To Haves
- Domain specific knowledge in Municipal bonds is an advantage.
- Experience in UST bonds and government bond futures and understanding of the institutional bond market is an advantage.
- Relevant analytical and numerate education such as a Bachelor of Science (BSc)/Master of Science (MSc)/Doctor of Philosophy Degree (PhD) or the equivalent work experience or qualifications.
- Experience in municipal bonds and municipal derivatives and understanding of the institutional bond market is an advantage.
- Excellent presentational skills.
- Strong computing and programming (coding) skills and experience, utilizing programming languages such as KDB/q and Python/R, with algo coding skills desirable (Java or C++).
Responsibilities
- Working as part of the Muni electronic trading team on all aspects of electronic and automatic trading strategy, including customer, competitor, and market analysis, algorithm design and implementation, and voice trader partnership.
- Ensuring that the reasoning, thought process, and investigation behind all work are well understood and agreed upon.
- Performing quantitative data analysis, model building, and subsequent optimization of pricing and risk management for the client franchise.
- Supervision of algorithm bookrunners, continuous optimization of algo hyperparameters and trading models.
- Ensuring compliance with all relevant regulatory aspects of the e-trading business.
Benefits
- A hybrid working model, allowing for in-office / work from home flexibility
- Generous vacation, personal and volunteer days
- Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
- Competitive compensation packages
- Health and wellbeing benefits
- Retirement savings plans
- Parental leave
- Family building benefits
- Educational resources
- Matching gift programs
- Volunteer programs
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What This Job Offers
Job Type
Full-time
Career Level
Director
Education Level
No Education Listed
