Fixed Income STRIPS Trader Job at DAIWA CAPITAL MARKET, New York, NY

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  • DAIWA CAPITAL MARKET
  • New York, NY

Job Description

Job Description

Job Description

Fixed Income Treasury STRIPS Trader

About Daiwa Capital Markets America Inc.:

Incorporated in 1964, Daiwa Capital Markets America Inc. (“DCMA”) is a New York-based registered securities broker-dealer, a futures commission merchant, a primary dealer of U.S. Treasury securities, and a member of the New York Stock Exchange and other major U.S. exchanges. Our main focus is on the sales and trading of Japanese, Asian, and U.S. equities, fixed income instruments, financial futures, and investment banking for institutional customers. DCMA’s ultimate parent company is Daiwa Securities Group Inc., one of the largest brokerage and financial services groups in Japan.

Position Overview:

The Treasury Strips Trader will be responsible for market making, risk management and client facilitation in the US Treasury STRIPS markets. The role requires deep knowledge of US Treasuries, STRIPS structuring, curve dynamics and relative value opportunities across the rates complex. The trader will contribute directly to the desk’s P&L, client relationships and overall strategy in government bond business.

Core Responsibilities:

  • Actively trade STRIPS, managing risk book in both principal and interest only securities.
  • Provide liquidity and pricing to institutional clients.
  • Identify and execute relative value opportunities across the Treasury curve, futures and swaps.
  • Manage risk exposures within approval limits
  • Collaborate with sales team to provide market color, trade ideas and execution services.
  • Maintain strong relationships with clients, primary dealers and internal stakeholders.
  • Ensure compliance with regulatory requirements and internal risk controls
  • Contribute to the desk’s strategic initiatives.

Qualifications:

  • Bachelors degree in Finance, Economics or related field.
  • Minimum 5 years of trading experience in US Treasuries, STRIPS, or related products.
  • Strong knowledge of fixed income analytics, duration/convexity and yield curve dynamics.
  • Proven ability to generate P&L while managing risk.
  • Excellent quantitative, analytical and problem solving skills.
  • Strong communication skills and ability to work closely with sales, research and risk management.
  • Proficiency with Bloomberg, Tradeweb and relevant trading systems.

Company Culture and Benefits:

Daiwa Capital Markets America Inc. has a vibrant company culture made up of a diverse team of professionals. We seek to foster an atmosphere in which our employees understand, respect, and inspire each other. We will continue to build a culture that encourages everyone at DCMA to take pride in their work. How we work — individually, with each other, and with our communities — is just as important as what we do and shapes who we are as an organization.

Our people are our most important asset, and as a result, we offer a competitive and robust total rewards package which includes, but is not limited to:

  • Competitive Benefits Package (Medical, Dental and Vision)
  • Ancillary Insurance (Basic Life Insurance, AD&D Insurance, and Short & Long-term Disability)
  • Flexible Spending and Health Savings Accounts (FSA and HSA)
  • Employee Assistance Program (EAP)
  • Comprehensive health and wellness benefits
  • Parental Leave
  • Family building benefits
  • 401(k) with company match
  • Paid Time Off and holidays
  • Professional development, educational assistance and training programs
  • Community Engagement Programs

DCMA has a hybrid work program in place, with opportunities for remote work depending on the nature of the role and needs of your department. This was implemented to provide operational efficiency while simultaneously giving employees flexibility. At a minimum, employees are expected to work in the office three days per week.

DCMA provides equal employment opportunities for all applicants and employees. We are committed to providing a work environment that is free of discrimination and harassment. DCMA prohibits discrimination based on race, color, religion, gender identity, national origin, sexual orientation, age, disability, military or veteran status, or other attributes protected under applicable federal, state, or local laws.

Job Tags

Temporary work, Work at office, Local area, Remote work, Flexible hours, 3 days per week,

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