Rabobank's Interest Rate Derivatives business in North America needs to manage revenue and risk, create Alpha for clients, and serve as a Center of Competence for derivative products.
Requirements
- Requires SIE, Series 7 and Series 63 licenses/certifications.
- Demonstrable mathematical skills to understand cross-sensitivities across various risk metrics, able to rank and prioritize revenue-maximizing trade executions and to analyze and interpret macro-economic events/development in a fast-paced environment.
- Demonstrable market and trading expertise in linear interest rate products, including IR swaps, XCCY swaps, futures and cash bonds (UST).
- Demonstrable proficiency in at least one of the major coding languages such as Python, Java, or C++.
- Demonstrable analytical and quantitative skills to understand the theoretical and practical applications of interest rate derivatives.
- Demonstrable experience engaging in complex analysis of (market) data from multiple sources to solve problems and analyze relationships creatively and effectively.
- Demonstrable understanding of financial market and macro-economic events and developments, how these affect interest rate markets, central bank monetary policies and broader financial markets.
Responsibilities
- Market-making of interest-rate swaps and cross-currency swaps for clients of Rabobank for (primarily) the North-American region;
- Conduct pricing and execution of interest rate products for clients in over 10 different currencies;
- Hedging of resulting interest rate risks and spot FX risk;
- Monitoring, managing and positioning of the aggregated residual interest-rate and FX risk of the trading book;
- Market-making and trade execution on the electronic trading screen, -(quantitative) analysis on market data, client activity and market developments;
- Development and maintenance of in-house proprietary pricing and risk-management tools;
- Discussing with and briefing of sales teams on market developments, intelligence and directional views.
Other
- Accountable for revenue and risk associated with Rabobank’s Interest Rate Derivatives business in North America;
- Risk oversight of the Bank’s Linear portfolio and working with sales teams to create “Alpha” for the clients of Rabobank’s Wholesale Bank and Rural and Retail entities within North America;
- Serve as the Center of Competence in Derivative Products that are sold to other Corporations in the United States, Europe and Asia;
- Assist the Fixed Income and Corporate Risk Treasury Management sales teams by providing product training and joining them on client visits;
- Demonstrable experience collaborating within a global team and able to explain interest rate derivative concepts and trade ideas to the sales team and other internal or external parties.
