Trading Risk and Control Associate

Sumitomo Mitsui Banking • New York, NY

359d • $95,000 - $132,000 • Hybrid

About The Position

The Trading Risk & Control group in Capital Markets is established under Sales and Trading to ensure proper trading support and smooth operations. It is seeking a highly motivated candidate who wants to build their career in an interest rate derivative trading floor. This position is part of the trading group and coverage includes products in all major currencies which will provide unique opportunities to get exposure to all aspects of trading interest rate derivatives. Given the small size of the trading group, you will be working on a wide range of derivatives simultaneously, such as swaps, options, FX and credit products.

Requirements

• Undergraduate or Master's Degree in Financial Engineering, Finance, Computer Science or related quantitative/analytical field with a minimum 4-5 years of work experience in Fixed Income.
• Deep understanding of greeks, mark to markets, and pnl attribution.
• Meticulous attention to detail and constant accountability.
• Excellent communication skills with good teamwork and a strong work ethic.
• Proficiency in Python, Excel VBA programming language.

Responsibilities

• Understand global financial markets, follow market movements and comprehend the impact on the portfolios.
• Deep understanding of interest rates derivatives valuation and market risk, understanding of key valuation approaches and models.
• Mark the curves which will be used in calculating daily MTM and ensure that all the market input parameters are accurate.
• Daily valuation of the CM derivatives portfolio, including production of greeks, mark to markets, and pnl attribution.
• Undertake monthly valuation analysis using external data sources and internal models.
• Enhance and streamline existing working processes.

Benefits

• Competitive salary range between $95,000.00 and $132,000.00.
• Annual discretionary incentive award.
• Competitive portfolio of benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees