Quantitative Trading & Research - EM Rates - Associate

Team Overview The EM Rates Quantitative Trading team in New York is a dynamic team responsible for coordinating with the larger team to determine the desk's profitability. This team covers a wide range of responsibilities, including designing, trading, and execution strategies across EM Rates products — Bonds, Interest Rate Swaps (IRS), FX Swaps, and Repo on Government Bonds. Job Summary As an Analyst or Associate within Quantitative Trading & Research (QTR) EM Rates Quantitative Trading team, you will work as part of the QTR front-office team on the trading floor in Sao Paulo or New York. Given the dynamic nature of the environment, this role is tailored for an individual who is responsible, independent, and able to work in smooth coordination with the larger team to determine the desk's profitability. You will get a chance to cover a wide range of responsibilities, including designing trading and execution strategies for EM Rates products (Bonds, IRS, FX Swaps, and Repo Government Bonds); researching micro-patterns and trends; building, maintaining, and upgrading applications and tools; and supporting day-to-day operations. Job Responsibilities Create, modify, and implement algorithmic orders to execute EM Rates products—Bonds, IRS, FX Swaps, and Repo Government Bonds—for clients and internal manual traders. Work closely with Technology to develop scalable, low-latency infrastructure that meets business needs. Leverage internal and non-public sources of liquidity to optimize electronic price discovery and hedging across EM Rates instruments. Review, monitor, and track daily P&L from electronic market-making activity. Contribute to the design and enhancement of electronic market-making trading systems across Bonds, IRS, FX Swaps, and Repo Government Bonds. Perform statistical analysis of algorithmic order execution for internal use and to drive iterative improvements. Understand and consistently follow the firm’s approach and policies for managing risk in the EM Rates business, as well as applicable legal and regulatory requirements. Required Qualifications, Capabilities, and Skills Demonstrate a strong interest in market microstructure and quantitative trading, with particular relevance to EM Rates products (Bonds, IRS, FX Swaps, and Repo Government Bonds). Strong design and programming skills are essential, with a primary focus on object-oriented programming languages ( C++ , Java , C# , etc.) and Python . Apply agile development practices within a front-office trading environment and exhibit excellent verbal and written communication skills, as the position involves frequent interaction with different teams across the firm, including many non-technical users. Think strategically and creatively when faced with problems and opportunities, eagerly seeking new ways of doing things and understanding the benefits of leveraging the firm's scale. Understanding of different types of risk and the ability to discuss in detail ways of managing those risks within EM Rates markets is required. Ability to communicate concepts and ideas, both verbally and via documentation, and defend their validity while tailoring messages to different audiences. Preferred Qualifications, Capabilities, and Skills A degree in Engineering, Mathematics, Physics, Computer Science, or an equivalent discipline Direct experience with agile software methodologies. Experience in macro markets, particularly EM Rates products such as Bonds, IRS, FX Swaps, and Repo on Government Bonds. General trading concepts and terminology, is strongly preferred, as is experience working with electronic venues relevant to these products. Demonstrated proficiency with AI-assisted coding tools (e.g., Copilot-style code generation and completion assistants)