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About the Role

As a Trader reporting to the Senior Trader, you will support the interest rate derivatives and FX trading desk, providing liquidity and market-making services to credit unions across Canada. You will trade various products, build models, improve processes, and deliver analytics, while supporting trading operations, technology projects, and product development in a fast-paced environment.

Responsibilities

• Execute and clear institutional trades across the interest rate derivatives and FX portfolios, maintaining high accuracy in fast-paced market conditions.
• Monitor and mitigate post-trade risk through active portfolio consolidation and rigorous limit monitoring.
• Ensure that deals are structured and managed within the parameters outlined in the Market Risk Policy and Investment Standard.
• Ensure all account documentation and actions taken meet with Central 1 and external regulatory compliance requirements.
• Participate in various department initiatives and special projects.
• Develop and maintain close working relationships with other departments.
• Prepare, monitor and enhance front office PnL and risk reporting.
• Work collectively with other departments to ensure accurate data flow and reporting.
• Design and implement tools used for position and business management.
• Maintain, enhance and develop business models and business analytics.
• Provide accurate and competitive product pricing to credit union and institutional clients.
• Maintain and manage active coverage with Canadian bank dealers to ensure competitive pricing and liquidity access.
• Actively monitor global and domestic macroeconomic trends to anticipate shifts in the Canadian yield curve and FX markets.

Requirements

• University degree in economics/finance and/or quantitative discipline.
• 5+ years financial management experience with excellent understanding of fixed income and derivative markets.
• Self-starter with the ability to work with minimal supervision.
• Strong quantitative techniques, analytical skills and significant trading experience relating to fixed income securities and financial derivatives.
• Strong competency in MS Office, with particular attention to Excel.
• Strong competency in programming and data management.
• Demonstrated analytical and quantitative abilities, as well as the ability to research and organize information into coherent recommendations and actions.
• Solid understanding of capital markets and interest in learning to trade and manage capital markets products.
• Excellent communication and interpersonal skills are required to support cross-department and divisional interaction and working relationships.
• Ability to work both independently and as a team member; while concurrently managing a variety of tasks.
• Accuracy is critical in this function and will have a material impact on Central 1’s performance.

Skills

• Interest rate swaps
• Bonds
• FX (spot and forwards)
• Bond forwards
• Equity derivatives
• Interest rate futures
• MS Office
• Excel
• VBA
• R
• Python

Location

• Hybrid

Work Type

• Hybrid
• Full-time

Experience Level

• 5+ years

Education Level

• University degree
• Chartered Financial Analyst (CFA) designation is an asset

Salary/Compensations

• $90,000-$110,000

Benefits

• Work-life flexibility
• Hybrid work environment
• Variable annual incentive plan
• Generous annual vacation allotment
• Top-notch flexible benefits plan including family building and gender affirmation
• Retirement Plan, matched contributions at 6%
• Access to a learning platform and educational assistance support
• Access to a virtual wellness platform
• Career development opportunities
• Wellness Flex Fund to support personal interest and activities
• Day off to volunteer in your community and other paid time off options
• Corporate discounts

About the Company

• Central 1 cooperatively empowers credit unions and other financial institutions to deliver banking choice to Canadians.
• Central 1 provides critical services at scale to enable a thriving credit union system.
• We do this by collaborating with our clients, developing strategies, products and services to support the financial well-being of their more than 5 million diverse customers in communities across Canada.
• For more information, visit www.central1.com.
• Our total rewards package goes beyond what goes into your credit union account.
• For eligible employees, we offer a comprehensive compensation structure consisting of a competitive base salary and individual and company-wide annual incentive, matched contributions for your retirement plan and a top-notch benefits plan.
• Beyond the numbers, we think about you as a person, offering work-life flexibility, career development opportunities and a day off to volunteer in your community.

Equal Opportunity

• Central 1 is an equal opportunity employer and committed to building an inclusive workforce by creating an environment where everyone feels like they belong and has the opportunity to be successful.
• We welcome all applicants to join our diverse workforce and we will provide an accessible candidate experience including, but not limited to accommodations to interview sites and alternate formats upon request to our Recruitment team.
• Central 1 is committed to building a diverse and inclusive workforce by creating an environment where everyone feels like they belong and has the opportunity to be successful.
• We are welcoming of all applicants and we will provide an accessible candidate experience