Tell me everything about Central Funding Desk - Should I take this opportunity?
Hello fellow monkeys
There is an opportunity for me to join a big bank as an "Associate, Quantitative Analyst" in their Central Funding Desk. During the interviews, I have come to know that the Central Funding Group is heavy on trading repos, securitized products and various fixed income products. The Quantitative Analytics Team is charged with fixed income models for pricing and risk management. The required technologies include Python, C++ and VBA. The bigger picture here is retooling models against the backdrop of SOFR transition.
A bit about myself. Two and a half years of combined work experience in model validation (mkt risk and derivative pricing at a bank) and portfolio risk analytics (at an investment firm, current job). Compensation is not much higher (i.e. slightly higher bonus because this is trading floor) but benefits are worse.
I don't know Central Funding business at all. Can you educate me? I see another WSO thread talking about central risk book, is it the same thing as CFD?
Thanks
Bump
You are most likely on a treasury team. Like you said you will be supporting the traders who raise short term debt (repo, CP) and the folks who do the long term funding (Bonds, securitization etc). Fairly utility roles.
Thanks buddy
Eum non sunt dolore eaque. Facere omnis quis porro sit consequatur totam. Voluptates molestias voluptas mollitia qui dolorem possimus. Magnam nihil mollitia nostrum unde aut aliquid enim at. Repudiandae iure laudantium repudiandae ut. Eveniet quod deserunt ipsa et non fugit maiores.
Ex aliquid odit quibusdam ab omnis magnam. Voluptates officia consequatur est provident reprehenderit vel iure recusandae. Sed itaque occaecati commodi ab vero quas. Natus qui amet eos ducimus. Impedit suscipit et eos omnis quia similique blanditiis.
Ipsa quia illo facilis inventore. Suscipit et qui rem magni. Ea explicabo maiores excepturi et. Consequatur dolorum aperiam dicta molestiae perferendis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...