Senior Associate - Fixed Income Calculations

Company Description

MarketAxess is a FinTech company and component of the S&P 500.  We are a leading provider of global fixed income trading platforms, data, and post-trade solutions. 

The fixed-income markets represent an enormous global marketplace, where only a fraction of average daily trade volume occurs electronically. Believe it or not, most fixed-income trades are still executed via phone or blotter, providing us with a significant opportunity for disruption and future growth. 

We believe this market is ripe for disruption and have created a proprietary electronic platform that connects the world’s most influential financial institutions to the world’s largest capital market.  Since 2015, MarketAxess has grown from roughly 300 employees to approximately 700 with offices across seven countries and annual revenue has more than doubled.  We’re excited about the growth opportunities ahead and have built a fast-paced, collaborative, environment where all employees are empowered to make a material impact.  We hope you’ll come join us!

Job Description

The senior calculations associate will work within our Data group and partner with our Calculation and Research teams to analyze industry-leading fixed income calculations.  This will include leveraging our extensive global proprietary data assets and working closely with leading developers, architects, and product management within the fixed income fintech space.

What You’ll Do

• Perform analysis of bond calculation metrics
• Reconcile and fixing errors in bond calculation metrics
• Recommend and implement processes and documentation
• Design, analyze, and review highly complex fixed income calculations across all aspects of our electronic trading and related systems
• Support business and development teams through the creative analysis of cutting-edge calculation processes, procedures, and methods
• Reconcile and remediate existing fixed income calculation issues
• Partner closely with the Technology team to ensure appropriate standards and integration

What You Bring to the Table

• 5+ years of relevant work experience in fixed income, e-trading, or similar
• Degree in Finance, Math, Fields of science and technology
• Experience in development of trading platform for Fixed Income
• Deep understanding of system architecture and implementation
• Advanced financial math for yield calculation and spread to price conversion, accrued interest, duration, and other financial instrument characteristics
• Basic programming knowledge
• Proficiency in understanding various fixed income calculations
• Experience with calculation providers such as FinCAD, Refinitiv, Bloomberg.
• Strong analytical and problem-solving skills
• Proven work experience as a team leader
• Ability to establish priorities, work independently, and proceed with objectives
• Experience performing benchmarking, backtesting, and validation for fixed income calculations
• Experience providing internal and external support for fixed income calculations
• Experience creating, maintaining, and editing SQL queries
• Strong written, verbal, and team communications skills

What’s In It for You?

In addition to working on cutting edge technology and in our culture of innovation, collaboration, and openness, we offer:

• Hybrid Environment: Flexibility matters! Our employees enjoy a mix of working in the office and from home
• Employer Provided Food: Free lunch is delivered for all employees when in the office. Offices are always stocked with free snacks and drinks.
• Paid time off: Competitive PTO package including vacation days, sick leave, charity leave and parental leave
• 401(k): Dollar-for-dollar employer match up to $10K
• Employee Stock Purchase Plan: Participate in our tax advantaged ESPP and purchase MarketAxess common stock
• Health Insurance: Highly competitive medical, dental, and vision programs
• Wellness Stipend: Up to $1K annually towards gym memberships, home office equipment and more
• Onsite Healthcare: Convenient access to world-class care through Mount Sinai at our Hudson Yards location
• Tuition Assistance and Professional Training: We want to empower your continued growth and development. On-demand learning, boot camps, and opportunities to attend conferences are available to all employees.

For job positions in NYC, NY, and other locations where required, the estimated salary range for a new hire into this position is $110,000 USD to $165,000 USD. Actual salary may vary depending on job-related factors, which may include knowledge, skills, experience, and location. You may also be eligible for annual cash incentives, equity and other benefit programs.

MarketAxess Corporation and its affiliates provide equal employment opportunities to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, veteran status or any other legally protected characteristic in the location in which the candidate is applying.

All of your information will be kept confidential according to EEO guidelines.

#LIremote