Trader-(Hybrid)

Responsibilities

• Execute and clear institutional trades across the interest rate derivatives and FX portfolios, maintaining high accuracy in fast-paced market conditions
• Monitor and mitigate post-trade risk through active portfolio consolidation and rigorous limit monitoring
• Ensure that deals are structured and managed within the parameters outlined in the Market Risk Policy and Investment Standard
• Ensure all account documentation and actions taken meet with Central 1 and external regulatory compliance requirements
• Participate in various department initiatives and special projects
• Develop and maintain close working relationships with other departments
• Prepare, monitor and enhance front office PnL and risk reporting
• Work collectively with other departments to ensure accurate data flow and reporting
• Design and implement tools used for position and business management
• Maintain, enhance and develop business models and business analytics
• Provide accurate and competitive product pricing to credit union and institutional clients
• Maintain and manage active coverage with Canadian bank dealers to ensure competitive pricing and liquidity access
• Actively monitor global and domestic macroeconomic trends to anticipate shifts in the Canadian yield curve and FX markets
• What you'll have:
• University degree in economics/finance and/or quantitative discipline
• Chartered Financial Analyst (CFA) designation is an asset
• 5+ years financial management experience with excellent understanding of fixed income and derivative markets
• Self starter. Ability to work with minimal supervision
• Strong quantitative techniques, analytical skills and significant trading experience relating to fixed income securities and financial derivatives
• Strong competency in MS Office, with particular attention to Excel
• Strong competency in programming and data management. Experience in VBA, R and Python programming languages is an asset
• Demonstrated analytical and quantitative abilities, as well as the ability to research and organize information into coherent recommendations and actions
• Solid understanding of capital markets and interest in learning to trade and manage capital markets products
• Experience in design and development of front office pricing, analytics and risk tools relating to the trading book is an asset
• Excellent communication and interpersonal skills are required to support cross-department and divisional interaction and working relationships
• Ability to work both independently and as a team member; while concurrently managing a variety of tasks
• Accuracy is critical in this function and will have a material impact on Central 1's performance
• Salary range: $90,000-$110,000
• The salary represents the job rate determined for the successful candidate who is fully competent in the role. The actual salary will vary depending on market conditions and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training.
• #LI-Hybrid
• Central 1 does not use Artificial Intelligence (AI) technology to screen, assess, or select applicants during our recruitment process. T

Benefits

Additional Information

Central 1 cooperatively empowers credit unions and other financial institutions to deliver banking choice to Canadians. Central 1 provides critical services at scale to enable a thriving credit union system. We do this by collaborating with our clients, developing strategies, products and services to support the financial well-being of their more than 5 million diverse customers in communities across Canada. For more information, visit www.central1.com .

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