Associate Trader - Money Markets & Short-Term Funding

A global financial institution is seeking an Associate Trader to support its money market and short‑term funding activities. This role involves pricing fixed and floating rate instruments, managing daily liquidity, executing short‑term funding transactions, and maintaining strong operational controls. The Associate Trader will interact with market counterparties, support internal stakeholders, and ensure accurate trade capture and settlement.

Client Details

Global financial institution.

Description

Key Responsibilities

Pricing & Trading Activities

• Price fixed and floating rate notes using swap levels, credit considerations, and yield curve dynamics.
• Price repo collateral based on issue‑specific and technical factors in the Treasury market.
• Price USD/JPY FX deposit swaps using current exchange rates.
• Support pricing of other short‑term instruments as needed.
• Execute short‑term funding transactions within authorized limits.
• Forecast cash positions and assess the impact of transactions on current and future liquidity.

Liquidity, Funding & Controls

• Maintain repo in/out ratios in line with internal limits.
• Monitor and maintain DTC clearing fund requirements to avoid breaches.
• Perform daily settlement of balances with the institution's primary bank, ensuring no overdrafts.
• Monitor credit lines for potential issues and recommend solutions to mitigate risk.
• Ensure accurate trade capture, reconciliation, and adjustments within internal systems.

Counterparty & Market Engagement

• Build and maintain relationships with interbank counterparties, dealers, FICC members, MMFs, and the Federal Reserve.
• Participate in market events and meetings to strengthen external relationships.
• Gather and analyze market information and share insights with the trading team and management.
• Prepare KYC questionnaires for new counterparties in coordination with internal teams.

Operational & Reporting Responsibilities

• Input and reconcile transactions in the trading system (e.g., Opics).
• Prepare internal tickets for loan‑related transactions and coordinate with Operations.
• Support documentation and compliance requirements for all trading activities.
• Prepare margin call documentation and internal transaction reports.
• Assist with early‑stage project work and contribute recommendations.

Profile

Qualifications

• Bachelor's degree in Finance, Business, Economics, or related field.
• Minimum 2 years of experience in money markets, short‑term funding, or related trading functions.
• Knowledge of regulations applicable to traded financial products.
• Strong PC skills, including proficiency with Microsoft Office.
• Strong analytical skills, attention to detail, and ability to work in a fast‑paced environment.
• Effective communication skills and the ability to build relationships with internal and external stakeholders.

Job Offer

• Competitive salary ranging from $90000 to $110000 USD annually.
• Comprehensive benefits package to support your well-being.
• Opportunities for career growth and professional development.
• Engaging work environment within the Financial Services industry.
• Collaborative and supportive team culture.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.