Job Description
Associate, Trading - Interest Rate Derivatives at Performance Trust Capital Partners, LLC summary:
The Associate, Trading - Interest Rate Derivatives at Performance Trust Capital Partners supports fixed income trading and derivatives operations by managing portfolio strategies, maintaining trade records, and developing client relationships. This role requires strong quantitative and analytical skills to optimize trading processes and support risk analytics using tools like Bloomberg. It offers operational exposure and a potential path to a sales and trading position within a financial institution servicing banks and insurance companies.
About Us: Headquartered in Chicago, Performance Trust Capital Partners, LLC is an institutional fixed income broker/dealer, specializing in highly analytical, performance driven strategies. Our core clients include community and middle-market banks, credit unions, and insurance companies. Our unique and customized approach to strategic advisory, mergers and acquisitions, and balance sheet solutions provides financial institutions the confidence to manage the full lifecycle of their institution, earn their independence, and expand strategic alternatives through enhanced financial performance and good regulatory standing.
About the Position: Performance Trust Capital Partners is seeking an Associate to join our growing derivatives team, preferably with 3-5 years of derivatives-related and/or commercial lending experience. We are pursuing candidates with strong analytical and problem-solving skills to be an integral member of our team. Our clients include community and middle-market banks, insurance companies and credit unions, money managers and hedge funds. Our professionals use proprietary portfolio management tools based on the application of bond mathematics to help clients acquire securities that will meet their investment portfolio's strategic objectives and maximize returns. This role will get operational exposure and is a path to a sales and trading position. This will be based in the Chicago office, and you will be expected to work fully onsite (5 days a week).
Specifically, this individual will be responsible for the following: - Acquire a working, technical knowledge of fixed income products, investment portfolio strategy and commercial lending products
- Help manage, develop and distribute rate sheets, marketing materials, and pre and post trade documents
- Maintain and optimize intraday line-item specific P&L and reporting
- Keep diligent records of internal transactions and market data
- Develop and maintain relationships with street participants, customers, and salespersons
- Develop expertise in third party analytics software including Bloomberg to support risk analytics, marketing materials, and esoteric projects
- Communicate effectively and promptly with customers, salespeople and traders
- Manage one-off projects based on customer requests and to improve customer experience
- Input trades into ticketing system in a timely manner per strict industry rules and regulations without sacrificing accuracy of the ticket information
Requirements
We are seeking candidates with the following qualifications: - Bachelor's degree preferably in a quantitative discipline, e.g., mathematics, finance, economics, engineering, computer science and/or statistics
- Advanced training in Applied Math, Engineering, Statistical Modeling, Calculus, Computer Science, Physics or related disciplines a plus
- Highly proficient in Excel, PowerPoint, and Bloomberg
- Knowledge of hedge accounting rules, derivatives products, bank balance sheet and asset/liability behaviors, usually acquired through experience and formal education
- Strong attention to detail and process, particularly when under the pressure of deadlines
- Excellent verbal and written communication skills
- Ability to work without direction and follow through on given tasks
- Ability to manipulate, interpret and communicate large datasets
- Ability to think systematically and quantitatively
- Ability to apply technology and/or quantitative skills to solve complex trading problems
- License Requirement(s): FINRA SIE and Series 7 within 120 days of hire date
Featured Benefits Medical
Dental
Vision
Health and Wellbeing Prescription Drug Plans
Voluntary Life Insurance + Long term disability insurance
PT Retirement
Mission Driven Employee Stock Ownership Plan
Stability Pre-Tax Commuter benefits - Transit & Parking
Lifestyle Discounted Fitness memberships
Lifestyle Management - Tobacco Cessation & Weight Management
Vacation/Personal Days + Holidays
Pre-tax Flex Spending Account (FSA) and Health Savings Account (HSA)
Compensation: The all-in compensation range (On-Target Earnings) for this position is $125,000 - 200,000 annually. This is an estimated range based on the circumstances at the time of posting, however, may change based on a combination of factors, including but not limited to skills, experience, education, market factors, geographical location, budget, and demand. All compensation determinations are based on the skills and experience required for the position and commensurate with experience of selected individuals, which may vary above and below the stated amounts.
Salary Description
$125,000 - 200,000 / per year (OTE)
Keywords:
interest rate derivatives, fixed income trading, portfolio management, risk analytics, financial services, commercial lending, Bloomberg, trade execution, quantitative analysis, financial regulation
Job Tags
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