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FI B&F Sr. Associate
Cleveland, OH
Job Description
DescriptionQualifications
Education
Stifel is committed to providing equal employment opportunities (EEO) to all associates,
applicants for employment, and individuals providing services in the workplace without regard to
actual or perceived race, color, religion, creed, gender, pregnancy (including childbirth, lactation,
child-bearing capacity, sterilization, fertility, past pregnancy condition and the potential or intention
to become pregnant and related medical condition), sexual and reproductive health decisions, sexual
orientation, gender identity and gender expression (including transgender individuals who are
transitioning, have transitions, or are perceived to be transitioning to the gender with which they
identify), national origin, ancestry, age, disability, weight, genetic information, marital status,
citizenship status, familial status, homelessness (i.e., lack of a permanent mailing address or a
mailing address that is a shelter or social services provider), status as a covered veteran or any
other protected criteria in accordance with applicable federal, state and local laws. Stifel complies
with applicable state and local laws governing non-discrimination in employment applicable to
each location in which the Firm operates. Stifel strictly prohibits any form of unlawful
discrimination.
Equal opportunity extends to all aspects of the employment relationship, including hiring,
transfers, promotions, training, termination, working conditions, compensation, benefits, and other
terms and conditions of employment. All Stifel associates are responsible for implementing this
EEO policy in their daily actions, conduct and decisions. All associates are expected to treat each
other with respect and professionalism.
Stifel is an Equal Opportunity Employer.
The Fixed Income B&F Senior Associate will require a clear understanding of the department functions and procedures. They will communicate with personnel to initiate instructions submitted by bank clients. They will also provide analytical and sales support for interest rate derivatives.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Provide analytical and sales support for interest rate derivative, including preparing client presentations, custom modeling and pricing include swaptions, caps, collars floors, embedded optionality, and percent or LIBOR.
- Lead loan documentation review and work with bank and client counsels to ensure proper language, structure and cross-collateralization.
- Provide bankers and clients with an economic/market basis for swap rate changes.
- Follow-up with bankers when the derivative marketers are traveling.
- Involved in syndicated transactions and conduct appropriate back-testing to ensure proper revenue payout to our client banks.
- Provide live over-the-phone rate quotes to bankers as well as maximum exposure and revenue estimates while maintaining appropriate Dodd-Frank compliance.
- Execute swaps with end-user bank clients and swap dealers, ensuring identical structuring and accurate and fair pricing.
- Work directly with end-user clients to determine the most appropriate and advantageous loan and swap structures unique to multiple lines of business (owner-occupied RE, investment RE, C&I).
- Work directly with and educate end-user clients about interest rate swaps and answer questions about swap mechanics, billing, and ECP qualifications.
QUALIFICATIONS
- Ability to learn a general understanding of rules/regulations and policies that pertain to the department.
- Initiative and self-direction when performing tasks with the ability to organize and prioritize effectively to meet deadlines.
- Able to handle large workload that varies based on projects and heavy volume periods.
- Analytical thinking skills.
- Strategic thinking skills.
- Oral and written communication skills.
- Ability to problem-solve issues that arise with little to no guidance from management.
- Proficient in regulatory areas related to the interest rate swap product (ISDA Protocols, Portfolio Reconciliations, Swap Data Repository Reporting, GMEI registration, Clearing House registration, etc.) and any new regulations that arise.
EDUCATION AND EXPERIENCE
- Minimum required: Bachelor's degree in economics or finance.
- Minimum required: 2+ years of related work experience.
LICENSES AND CREDENTIALS
- Minimum required: none.
SYSTEMS AND TECHNOLOGY
- Proficient in Microsoft Excel, Work, and PowerPoint.
Education
Bachelors of FINANCE (preferred)
Stifel is committed to providing equal employment opportunities (EEO) to all associates,
applicants for employment, and individuals providing services in the workplace without regard to
actual or perceived race, color, religion, creed, gender, pregnancy (including childbirth, lactation,
child-bearing capacity, sterilization, fertility, past pregnancy condition and the potential or intention
to become pregnant and related medical condition), sexual and reproductive health decisions, sexual
orientation, gender identity and gender expression (including transgender individuals who are
transitioning, have transitions, or are perceived to be transitioning to the gender with which they
identify), national origin, ancestry, age, disability, weight, genetic information, marital status,
citizenship status, familial status, homelessness (i.e., lack of a permanent mailing address or a
mailing address that is a shelter or social services provider), status as a covered veteran or any
other protected criteria in accordance with applicable federal, state and local laws. Stifel complies
with applicable state and local laws governing non-discrimination in employment applicable to
each location in which the Firm operates. Stifel strictly prohibits any form of unlawful
discrimination.
Equal opportunity extends to all aspects of the employment relationship, including hiring,
transfers, promotions, training, termination, working conditions, compensation, benefits, and other
terms and conditions of employment. All Stifel associates are responsible for implementing this
EEO policy in their daily actions, conduct and decisions. All associates are expected to treat each
other with respect and professionalism.
Stifel is an Equal Opportunity Employer.
Job Summary
Company
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
2+ years
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