Capital Markets Trading Associate Senior

At Associated Bank we strive to create an inclusive culture where different perspectives are valued and recognized as strengths critical to our success. If you thrive in an environment where your growth and development are encouraged and supported, then Associated Bank may be the right place for you.

Associated Bank requires you to directly represent yourself and your own experiences during the recruiting and hiring process.

Under limited supervision, responsible for working with level I, II, and Team Lead colleagues to provide expert understanding of fundamental and technical aspects of Currency, Interest Rate and Energy Markets activities and practices, timely, relevant and in-depth market commentary to Capital Market Sales Team members and other Bank colleagues, expertise with pricing models and venues used in the Currency, Interest Rate and Energy Markets for internal use in particular:
1) Single Bank and Multi-Bank FX (Foreign Exchange) execution platforms for spot, forward, swaps and FX options transactions
2) pricing Energy Options and Swaps using Bloomberg and other financial modeling providers, pricing Interest Rate Swaps and Swaptions using Bloomberg, Chatham, and other financial modeling providers.
3) in depth understanding of process flows surrounding post-trade systems deal entry, deal tracking, nostro balance management, and other day to day tasks.
Additionally, provides tradable pricing to sales teams for all Asset classes, is responsible to profitably liquidate transaction with upstream counterparties in all asset classes, develops new sources of liquidity relationships with agreement of Trading Team lead and other stakeholders, provide mentoring to level I and II colleagues.
This position is also responsible to liaise (when required) with Middle Office, Back Office, and Risk Management to ensure proper trade and documentary flow, answering trade inquiries (when required) emanating from internal Capital Markets sales teams, Middle Office, Back Office, and Risk Management and external liquidity providers, providing strategic input for improvements in Capital Markets trading team activities, partnering with Capital Markets Team Leader in providing a blue-print for strategic growth, and providing a leadership example to other trading colleagues. Demonstrated ability to explain process flows to other internal stakeholders is required to be successful in this role.

Job Accountabilities
Pricing/Trading

1) provide accurate and timely indicative and real-time pricing to FX, Swap and Commodity sales force

2) ensure proper risk controls for existing and growing $2,000,000,000 swap book, 100+ trade per day FX business, and Commodity Derivatives desk

3) identify and fully develop upstream counterparty market makers for FX, Rate Swaps, and Commodity Derivatives

4) ensure the team has thorough knowledge of all spot, forward, NDF, option and structured option (collars, floors, caps, par options, basis pricing, etc) for FX, Rate Swaps, and Commodities

5) provide pricing support to a team of sales people meeting their needs on a timely, accurate basis, sourcing the best wholesale market price through developed upstream relationships, to maximize revenue spread potential.

Administration

1) ensure all bank policies within Capital Markets are being met, such as intraday risk limits, overnight risk limits

2) review trade confirmations (3-eye check) to ensure accuracy

3) ensure all BSA/compliance and regulatory requirements within FX, Interest Rate Swaps and Commodity Derivatives are met

4) verify all marked-to-market revaluation rates used at each day's end.

Participate in community and business functions/groups to ensure a positive image for the bank in the marketplace.
Education
Bachelor's Degree in Business, Finance or Accounting Required
Experience
12-15 years Corporate banking and capital markets. Technical knowledge of interest rate hedging products. Experience in and understanding of capital markets and economic cycles. Prior experience dealing with transactions from $2,000,000 to $100,000,000. Required

In addition to core traditional benefits, we take pride in offering benefits for every stage of life. 

• Retirement savings including both 401(k) and Pension plans. 

• Paid time off to volunteer in your community. 

• Opportunities to connect with others through our diversity-focused Colleague Resource Groups. 

• Competitive salaries with professional development and advancement opportunities. 

• Bonus benefits including well-being programs and incentives, parental leave, an employee stock purchase plan, military benefits and much more.  

• Personal banking, loan, investment and insurance benefits. 

Associated Bank serves more than 120 communities throughout Wisconsin, Illinois and Minnesota and we consider our colleagues critical to our continued success. See why our colleagues continually vote us a best place to work in the Midwest. Join our community on Facebook, LinkedIn and X. 

Compliance Statement

Associated Bank is an equal opportunity employer committed to creating a diverse workforce. We support a work environment where colleagues are respected and given the opportunity to perform to their fullest potential. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.

Fully complies with all applicable enterprise policies and procedures. Acts in compliance with all applicable laws and regulations as outlined in training materials, including but not limited to Bank Secrecy Act. Responsible for reporting suspicious activity to Financial Intelligence. Responsible to report all customer complaints as prescribed and procedure violations to management or HR.

Responsible to report ethical concerns as needed to Associated Bank’s anonymous Ethics Hotline.

Associated Bank provides additional assistance throughout the application, interview and hiring process. Please contact [email protected] if you need an accommodation at any time during the process.

Associated Banc-Corp is an Affirmative Action and Equal Opportunity Employer. Associated Banc-Corp participates in the E-Verify Program. E-Verify Notice English or Spanish. Know Your Right to Work English or Spanish.

Associated Bank is Pay Transparency compliant.

The pay range represents anticipated base pay for this role. Actual pay may vary based on factors including, but not limited to, work location, skills, experience, education, and qualifications for the role.

$97,020.00 - $166,320.00 per year