Quantitative Trading & Research - EM Rates Quantitative Trading

The EM Rates Quantitative Trading team in Sao Paulo 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. 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

The role requires creating, modifying, and implementing algorithmic orders to execute EM Rates products — Bonds, IRS, FX Swaps, and Repo Government Bonds — on behalf of clients as well as internal manual traders. The candidate will work closely with technology to develop cutting-edge, low-latency infrastructure that meets business needs in a scalable manner, and will intelligently leverage internal and non-public sources of liquidity to optimize electronic price discovery and hedging across these EM Rates instruments.

Additional responsibilities include the daily review, monitoring, and tracking of P&L derived from electronic market making activity, as well as contributing to the design and enhancement of electronic market making trading systems across Bonds, IRS, FX Swaps, and Repo Government Bonds. The candidate will perform statistical analysis of algorithmic order execution for internal use and to drive iterative improvements, and must understand the firm's approach and policies for managing risk in the EM Rates business, along with applicable legal and regulatory rules, and follow those policies consistently.

Required Qualifications, Capabilities, and Skills

• Strong interest in market microstructure and quantitative trading, particularly related to EM Rates products, including: bonds, interest Rate Swaps (IRS), FX Swaps, repo on Government Bonds
• Strong software design and programming skills, such as C++, Java, or C#, Python
• Interest in applying agile development practices within a front-office trading environment.
• Excellent verbal and written communication skills, with the ability to interact effectively with different teams across the firm, including non-technical stakeholders.
• Ability to think strategically and creatively when addressing problems and identifying opportunities.
• Proactive mindset, with an interest in finding new ways of working and leveraging the firm's scale and capabilities.
• Clear understanding of different types of financial and trading risk, including the ability to discuss approaches to managing risk within EM Rates markets.
• Strong ability to communicate complex concepts and ideas, both verbally and through documentation.
• Ability to articulate and defend ideas while adapting communication to different audiences.

Preferred Qualifications, Capabilities, and Skills

• Degree in Engineering, Mathematics, Physics, Computer Science, or an equivalent discipline.
• Direct experience working with agile software development methodologies.
• Experience in macro markets, particularly EM Rates products, including:
• Strong understanding of trading concepts and terminology.
• Experience working with electronic trading venues relevant to EM Rates products.
• Proficiency with AI-assisted coding tools, such as Copilot-style code generation and completion assistants.
• Experience using AI coding tools to:
  • Improve developer productivity
  • Accelerate prototyping
  • Enhance code quality
  • Support development within a front-office trading technology environment