Prime trader
Is it FO?
What about the pay?
Title:
Prime trader
Job Description:
The individual will be part of the EMEA Optimisation group whose mandate is to increase revenues and balances across the Prime Finance and DeltaOne businesses by optimising the client book, pricing portfolios and driving client relationships with hedge fund clients in EMEA and globally.
Responsibilities:
Leverage quantitative and analytical skills to generate optimisation ideas for improving the spreads across client books. These would include innovative funding solutions, dynamic market driven pricing, currency or collateral driven needs based inventory etc
Collaborate with Sales towards balance and revenue growth across cash and synthetic prime finance clients by continuously monitoring existing portfolios as well as helping pitch for pipeline clients
Drive new product offerings for clients including axes, billing and financing solutions
Work closely with the various Trading, Funding and Stockloan desks to generate efficiencies across financing the client book
Price new portfolios across cash and synthetic prime finance
Generate high value client content (analytics / return reviews)
Assist in the strategic build out of the prime finance quantitative toolkit with quantitative analysts/IT
Automate / industrialise existing analytics & reporting processes
MIS – generate client/book/platform reports and updates for senior management
Citi? Not too familiar with their structure but it should be front office but you don’t really trade. The way prime is organized across banks varies hugely but the trading desks are usually stock loan, synthetic, and funding. Then there are non trading but trading-related functions like margin pricing, risk, product, strat etc. The strat will run ad-hoc analysis for the trading desk to determine how well a trade/portfolio internalizes. Pricing will set the l/s financing spreads for clients given the costs the business incurs. The functions are closely related as higher internalization = lower costs so this looks to be a hybrid strat/pricing role.
All these roles directly face off to clients so are front office. I would be surprised if the bonus is >50% for this role.
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