About this role
Job title: Junior Trader - Interest Rate Derivatives
About the Role
Join DV Trading as a Junior Trader focused on interest rate derivatives. You will work alongside senior interest rate derivative traders with a specific focus on STIR options, and help build trading models and manage risk across rate markets using proprietary methodologies and market-making strategies.
What You'll Do
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Work alongside senior interest rate derivative traders with a specific focus on STIR options
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Learn proprietary methodologies as well as grey-box market making strategies
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Build and maintain trading models
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Set a Vol surface that is fundamentally sound, appropriately rigid where trades represent capturable noise around the surface
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Use instantaneous flow/trade/market information to make decisions on reducing or adding specific portfolio risks as holdtimes change
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Regularly conduct scenario analysis for idiosyncratic risks and ahead of events
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Build in-depth product knowledge across rates with particular focus on CB policy as well as current ECB liquidity implications for money market rates
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Gain experience managing expiration risk, pin risk and handling zero-vol delta decay
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Liaise with brokers and maintain existing relationships
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What We're Looking For
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Strong work ethic and ability to learn quickly in a fast paced, high-pressure environment
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Detail oriented, organized and diligent
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Strong interest in trading and interest rate derivatives in particular
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Strong understanding of math, probability and statistics
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Proficient with Excel and VBA, Python and statistical modeling
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Advanced aptitude for problem solving and multitasking