Bond Trader Resume Examples

Fx/global Bond Trader

Traded sovereign debt and foreign currencies (forex averaging $10 million daily) for 18 global fixed income, core-plus, high yield, and international equity accounts with net worth of over $8 billion.

• Recommended sector allocation and re-balanced portfolios by maintaining and refining target duration, yield curve positions, country weights, and FX exposure.
• Advised and consulted with portfolio managers on global interest rate, hedging and FX positioning strategies.
• Analyzed G10 and emerging market economies, interest rates, yield curves, and currencies.
• Monitored various trading levels and spread relationships to make recommendations for tactical opportunities.

Government Bond Trader/manager of Swap Desk

Responsible for the day-to-day management of a high-volume Swap Desk for a leading market maker.

• Provided leadership, guidance, and direction to 12 Traders; optimized performance through training and coaching.
• Instrumental in increasing market share and positioning company as the #1 market maker in the U.S. and London.
• Executed yield curve swaps and provided the most competitive pricing on the street.
• Achieved a substantial increase in revenue and a reduction in expenses by personally managing out-trade risk.
• Calculated and minimized risk through extensive market analysis and effective execution.
• Contributed to the profitable growth of the firm through the acquisition of new broker-dealer and retail accounts.

Municipal Bond Trader

Responsible for maintaining an adequate supply of tax-free securities through trading, underwriting, pricing and marketing of individual municipal bond securities for various geographic regions as assigned.

• Selected to train advisors on benefits of bonds for client portfolios. Taught concepts such as bond laddering, tax equivalent yields, ascending yield curves, etc.
• Provided bid-side market for clients wishing to liquidate municipal bonds.
• Developed annual business plan using responsibility-based management guidelines.
• Cultivated strong relationships with advisors by delivering a high level of service, prompt bid execution, and obtaining bonds to meet client needs. Spoke regularly at client meetings throughout the Midwest.
• Managed inventory for Midwest region ranging from $2-$10 million daily for salesforce that grew from 700 to 2,750+ in 10 years. Developed competitive bidding strategy that increased product availability in states where supply was low. Made market in high quality bonds throughout yield curve.

Bond Trader

Opened a new department, trained and supervised employees to meet objectives.

• Initiated additional training, improved customer services and minimized workloads.
• Spearheaded project to transfer accounts from one clearing firm to another.
• Consolidated report process with a reduction of 75% utilizing only necessary material.
• Researched and reported information resulting in savings of 10% to the firm.
• Employee of the year in calendar year 1999 and 2001.

Bond Trader

• Traded $400M in government bonds on a monthly basis, consistently obtaining top 20% in profitability for entire firm
• Researched domestic fixed-income market to evaluate risk and return between different instruments and different markets
• Analyzed US indices- e.g., unemployment rate, Michigan Consumer Sentiment Index, and ISM Index- to determine what interest rate for government bonds firm should bid at in order to generate profits
• Presided over daily economic data updates to inform CEO and President
• Assisted company to sign ISDA Master Agreement with Citibank Taiwan

Municipal Bond Trader

Hired to open up and manage the Pacific Northwest trading desk. Personally handled key relationships involving trades worth up to $1 million in municipal bonds.

• Succeeded in prospecting for and acquiring 30 new accounts, representing over $2 million in new revenue.
• Designed and instituted a comprehensive database platform to track territory client base.
• Established and grew the "junk" bid-wanted segment for the West Coast trading office.

Government Bond Trader

Progressed from role of assistant trader to securities lending collateral manager in less than three years

• Managed overnight and short-date funding of firm's $15B of US Treasuries by negotiating best possible interest rates
• Took an active client liaison role with regard to execution of client asset management mandates, providing responsive customer service and promoting company brand
• Adhered to all federal and state regulations and firm policies related to business activities in order to protect firm and maintain compliance
• Serviced and deepened relationships while adhering to highly professional and ethical standards as set forth by management and regulatory entities
• Provided guidance to junior staff in order to improve efficiency and productivity of the firm and to pass on institutional knowledge which in turn helped to grow the business
• Received authorization to direct discretionary deployment of $4B of US Treasury duration in less than 6 years

Convertible Bond Trader

• Co-managed a convertible book of $25-50MM in leveraged outright and hedged risk.
• Traded listed and OTC convertible bonds and mandatory convertibles.
• Acted as principal, provided market color and price transparency to clients in 300+ names, from busted convertibles to deep in the money securities.
• Conducted horizon and relative value analysis on securities from an outright perspective for clients
• Modeled out relative richness / cheapness to theoretical for the desk's positioning.

Municipal Bond Trader

Bought and sold municipal securities to maintain daily trading inventory for distribution through a broad institutional and retail sales force.

• Underwrote negotiated and competitive bond sales.
• Prepared credit analysis and marketing sheet on upcoming bond issues for sales force.
• Developed and maintained an extensive dealer account base.
• Created and implemented a risk management system for all fixed income products.
• Marketed and distributed fixed income products through sales force.
• Traded Repo for general collateral needs and covering of short positions.

Equity/bond Trader

• Integral member of a team that started a high frequency equity desk that grossed $4 million in its first nine months of existence
• Performed detailed valuation analysis to improve market-making algorithms
• Traded U.S. equities, bond ETF's, and U.S. Treasury Futures
• Developed, tested, ran, and optimized market-making algorithms in U.S. equity markets
• Enhanced trading platform to maximize the speed and efficiency of order entry and program execution
• Analyzed bond market data for arbitrage opportunities between bond ETF's and U.S. Treasury Futures