Remote | Rates trader — $80–$100/hour
About The Position
24-MAG LLC is offering a fully remote freelance/contract consulting opportunity for experienced Rates Traders and Fixed Income Trading Professionals. The role applies professional rates-market expertise to advanced AI training and evaluation initiatives. Professionals evaluate AI-generated trading strategies and simulated market scenarios, assessing technical accuracy, market realism, execution considerations, and risk characteristics. They also develop representative trading tasks and provide structured written feedback to improve AI systems’ reasoning about fixed income markets and trading operations. Prior experience with AI training projects is not required. The work focuses on interest rate swaps, swaptions, Treasury futures, repo transactions, and SOFR/Eurodollar instruments. Assignments may include trading evaluations, market scenarios, analytical commentary, and technical feedback. Professionals collaborate remotely with project coordinators and technical contributors. Compensation is $80–$100 per hour, and 20 openings are available.
Requirements
- Current or previous professional experience as a Rates Trader, Fixed Income Trader, or Interest Rate Derivatives Trader.
- Practical knowledge of interest rate swaps, swaptions, Treasury futures, repo markets, and SOFR/Eurodollar trading.
- Strong understanding of interest rate markets, relevant trading conventions, professional trading desk operations, and fixed income market structure.
- Experience evaluating trading strategies and assessing their practical market implications.
- Understanding of market risk management and position-level trading considerations.
- Ability to analyse trading scenarios involving different market conditions and interest rate movements.
- Knowledge of quantitative trading strategies and their application to rates markets.
- Ability to identify unrealistic execution assumptions and weaknesses in proposed trading strategies.
- Familiarity with liquidity considerations and transaction characteristics in rates markets.
- Strong analytical reasoning, practical financial-market judgment, and attention to detail.
- Ability to review trading decisions or strategies under simulated market conditions and distinguish professional trading practices from theoretical approaches.
- Excellent written communication and strong verbal communication skills.
- Ability to collaborate with multidisciplinary project teams and work independently while maintaining consistent quality in a remote consulting environment.
Nice To Haves
- Experience at an investment bank, hedge fund, or comparable financial institution.
- Hands-on experience with algorithmic or systematic rates trading.
- Experience working with technology professionals on trading systems or analytical tools.
Responsibilities
- Evaluate AI-generated trading strategies involving interest rate products and fixed income markets for realism, technical accuracy, and practical execution considerations.
- Review strategies involving interest rate swaps, swaptions, Treasury futures, repo transactions, and SOFR/Eurodollar instruments.
- Assess AI-generated outputs against rates market structure, trading desk practices, liquidity, execution, and relevant market dynamics.
- Identify differences between theoretical approaches and real-world desk operations, and explain practical rates-trading considerations.
- Review trading strategies for market risk, trading exposures, scenario suitability, quantitative assumptions, and weaknesses in trading logic.
- Recommend improvements reflecting established trading risk-management practices.
- Develop realistic sample tasks based on rates-trading scenarios and define technical instructions and evaluation criteria.
- Assess AI performance in simulated trading environments, document strengths and weaknesses, and refine scenarios to reflect market conditions and professional decision-making.
- Prepare structured written assessments explaining trading assumptions, market-structure considerations, and recommended corrections.
- Collaborate with project leads and technical teams to translate trading expertise into actionable evaluation guidance.
- Communicate complex rates-trading concepts to technical and non-technical stakeholders and maintain accurate, high-quality documentation.
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What This Job Offers
Career Level
Mid Level
Education Level
No Education Listed
