Credit Repo Trader recruitment
The role owner will be learning to trade credit repo products from the London based credit repo desk on the trading floor.
Working in a team of 3, this role will entail interacting with our sales force in London, Singapore and Stamford and also our partner trading desk in Stamford. We run a large matched book built from client flow where we make a substantial contribution to IB PnL. We also play a key role in servicing Fixed Income on our bank long and short positions.
It is envisaged that the successful candidate will be running their own repo matchbook within the business and making a substantial contribution to our PnL.
Key tasks and responsibilities include:
• Funding the firm for Credit Fixed Income products
• Covering shorts lending out long positions
• Coordinate external secured funding for UBS with Group Treasury
• Learning to trade the GBP / USD / EUR credit repo matchbooks with our clients, voice and electronic brokers
• Working closely with our Government repo traders and the STIR team
• Helping to facilitate the structured repo trades on the books
• Taking an active roll in the firms cash reinvest optimization in conjunction with the Short Term Interest Rates and ALM desks
• Working on collateral optimization within UBS with the ALM desk
• Collaborate closely with middle and back office on settlement and operational issues
• Work with IT to develop and improve trading tools
This is an opportunity to join a highly successful and motivated team in an area that is a significant contributor to the firms’ bottom line.
Requirements:
• 2 years experience on a sales or trading desk
• Excellent knowledge and experience of the repo product
• Good background knowledge of Fixed Income and Money Market Products
• Be able to work under pressure and quickly assess the risk vs. reward of a trade
• Excellent communication skills
• Highly numerate with logical analytical thought process.
• Proficient in English