Quantitative Interest Rates Algo Trader

Permanent contract|New York|Corporate & Investment banking

Quantitative Interest Rates Algo Trader

New York, United States Permanent contract Corporate & Investment banking

Responsibilities

Main responsibilities

  • Within the rates market making team, identify market opportunities with a time horizon of milliseconds to weeks
  • Analyze large data sets to build statistically based and process-driven trading algorithms
  • Development of trading algorithms that provide liquidity to our clients and take positions according to both short- and long-term trading strategies to optimize trading revenue
  • Increase of the product perimeter managed by the algorithms (maturity, markets,...)
  • Collaboration with the FIC voice trading desks to identify and define new trading strategies & optimize franchise offering; includes evaluation of market conditions, economic data & market information
  • Define and implement solutions to automate further market making capabilities
  • Make decisions for optimal adaptation of algorithms to market conditions including volatility settings, risk aversion and bid-offer spreads
  • Perform portfolio analysis (incl PnL attribution, Sharpe ratio monitoring, balance sheet consumption) and franchise behavior analysis, and system integrity analysis
  • Weekly meeting with Head of Business regarding ongoing research, performance, client analysis and projects
  • Back-up on the others activities (IRS Euro, UST London hour,...)
  • Help with training of juniors, onboarding, providing guidance
  • Remain compliant at all times within the SG trader mandate and local regulatory guidelines

Profile required

COMPETENCIES

Required:

- Finance advanced knowledge: Strong knowledge of derivatives pricing, interest rates models and risk management

- Mathematical advanced knowledge: Strong knowledge of stochastic calculus, statistics and probabilities

- Highly collaborative: An open individual who can work successfully with multi-disciplinary, multi-national teams

- High achiever driven to exceed expectations, with the highest personal standards regarding integrity and confidentiality

- Must be able to quickly analyze client needs, risks for the bank, available liquidity and idiosyncratic risks to the franchise

- High level of autonomy with leadership potential

- Demonstrated ability to build relationships within a large organization and partner with other business heads

TECHNICAL SKILLS

Strong programming (C#, Python…) and algo design/implementation

PRIOR WORK EXPERIENCE

5-10 years of experience trading in a global bank or a quant position

Desired: Financial markets

EDUCATION

Desired: Highly quantitative subject such as Financial Engineering, Mathematics, Compouter Science, Physics or related fields or equivalent

LANGUAGE

Required: English

  • This mission needs a high level of Autonomy;
  • A strong cooperation spirit to build beyond the silos;
  • Strong cooperation needed with the team developers
  • Interactions required with the team voice market makers
     

Business insight

Environment

Within Société Générale Corporate & Investment Banking, the Global Markets Division brings together the Research, Investment and Risk Management Solutions, Execution, Prime Services, Equities, Fixed Income, Futures and Currencies & Commodities structuring capabilities with the objective of providing investors with one integrated multi-asset market solutions team.  The Global Markets platform committed to long-term client relationships through value added services and smart solutions. The business uses an advisory and innovation mindset, focused on client needs, with the world leading financial markets engineering team.  Global Markets is a leading player in derivatives, unrivaled equity derivatives expertise and #1 in listed derivatives, cross-asset and economic research.  Our prime services' offering is a unique combination of execution, clearing, custody and financing services.

We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Reference: 22000MJL
Entity: SG Americas Securities
Starting date: 2022/10/24
Publication date: 2022/08/03
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