Preparing for your next Quant Interview?
Practice Here!

Options Trader

NatWest Group
Options Trader
Connecticut, US
125,000 - 135,000
Apply Now
Job Description

Our people work differently depending on their jobs and needs. From hybrid working to flexible hours, we have plenty of options that help our people to thrive.

This role is based in the United States and as such all normal working days must be carried out in the United States.

This job description is intended to describe the general requirements for the position. It is not a complete statement of duties, responsibilities or requirements of the role. Other duties not listed here may be
assigned as necessary to ensure the proper operations of the department and the business.

Natwest Markets Stamford is looking for candidate for a position in US Rates and Credit Trading - Options & Exotics:

The Options desk makes markets in a range of Interest Rate Derivatives principally in USD, and risk manages the resulting interest rate delta, gamma and vega exposure. The Exotics desk engages in complex Bermudan and other interest rate derivatives denominated in USD. The desk manages risk across interest rate delta, vega and correlation.

As a part of the desk, the individual would be responsible for:

  • Carry out trading activities including, but not limited to: timely, accurate, and consistent pricing and execution of the desk’s product range in line with NatWest Markets policy; daily risk management of the desk’s books using appropriate hedging instruments; accurate, complete, and timely booking and recording of the desk’s transactions; and daily review of the activities of the desk and reconciliation of its P&L (flash and actual) and risk
  • Take all reasonable steps to ensure own trading activities are in line with NatWest Markets policies covering market, conduct, operational, credit, and regulatory risks
  • Understand the risk run by the desk; manage own risk positions within authorized limits and execute hedging strategies to ensure own risk limits are not breached
  • Meet financial objectives (revenue and costs) as defined in performance objectives, targeting a sustainable and robust business P&L stream and risk profile
  • Work with Sales and Structuring to widen client footprint and deepen client penetration, and support marketing activities through client visits and trade ideas (complying with regulatory requirements where applicable)
  • Contribute towards the overall product area trading strategy and creation of innovative trade ideas
  • Engage with Quantitative Analytics, Technology and Support teams to drive through improvements and development of desk infrastructure, valuation and risk management frameworks

Education requirements: Masters or Ph.D. degree in technical field (Math, Physics, Financial Engineering, etc.)

The expected base annual salary range for this position is $125,000 - $135,000 at the start of employment. This is not a guarantee of compensation. The exact compensation is determined on an individualized basis and may vary based on skills, experience, training licensure, certifications and location. In addition to base salary, our total rewards package also includes eligibility for an annual discretionary bonus; medical, dental, and vision plans; life and disability insurance; employee wellness programs; retirement and savings plans with potential employer contributions; generous paid time off policy, parental leave and tuition reimbursement.

Share this job
Share On
Apply Now