Google Is Hiring Bond Traders

[Dave Farber <dave () farber net>]

Begin forwarded message:

> From: Richard Forno <rforno () infowarrior org>
> Date: March 22, 2010 1:32:41 PM EDT
> To: Infowarrior List <infowarrior () attrition org>
> Cc: Dave Farber <dave () farber net>
> Subject: Google Is Hiring Bond Traders

> Google Is Hiring Bond Traders
>
> http://www.businessinsider.com/google-builds-bond-trading-desk-in-bid-to-make-money-off-of-cash-reserves-2010-3
>
> Google is hiring traders for its new bond trading platform,  
> according to published advertisements on its job site.
> Currently, roles include trader of foreign government bonds,  
> portfolio analyst for Google's U.S. government bond portfolio, and a  
> portfolio analyst for agency mortgage-backed securities.
>
> All of the roles are at Google's Mountain View facility.
>
> A source who interviewed for one of the positions said that this was  
> a means for Google (GOOG) to make use of its large cash reserves.
>
> Google has long discussed using its access to massive amounts of  
> data to build a hedge fund.
>
> Here's the full listing:
>
> Trader, Foreign Government Bonds - Mountain View
> This position is based in Mountain View, CA
>
> The area: Finance
> Google's Tax and Treasury teams consist of strong, creative  
> performers with deep expertise in their respective fields. We  
> contribute to our company's growing global success by dealing with  
> challenging issues and concepts and then applying them to rapidly  
> evolving business models. In Treasury, we provide funding, risk  
> management and mitigation support as well as investment oversight.  
> The Tax group is responsible for global tax planning and compliance,  
> defending the company in tax audits, and ensuring that the company  
> accurately reports its tax matters in public filings.
>
> The role: Trader, Foreign Government Bonds
> This position involves executing trades for foreign government bond  
> portfolios and maintaining those portfolios. This role also involves  
> financial model building and the construction of tools to enhance  
> performance and portfolio construction, as well as interaction with  
> the sell-side team, portfolio managers, portfolio management team,  
> trading operations team, other traders, and senior management.
>
> Responsibilites:
>    • Execute trades for foreign government bond portfolio and constr 
> uct/maintain multi-country portfolios that are within risk tolerance 
> s and constraints
>    • Interact with sell-side to stay current on market trends and in 
> teract with portfolio managers to enhance quantitative models
>    • Develop performance tools to ensure performance attribution, de 
> velop portfolio construction and trading tools, and develop tools to 
>  assist in the valuation of the rates products
>    • Deal with day to day administrative issues in support of tradin 
> g activities and report monthly to senior management
>    • Drive valuation-related initiatives and identify investment opp 
> ortunities, as well as enhance price-testing, reporting, and valuati 
> on risk control processes
> Requirements:
>    • BS/BA or equivalent experience in Finance, economics, mathemati 
> cs, statistics, or engineering; CFA (or on CFA track) preferred
>    • At least 5 years of relevant experience trading government bond 
>  portfolios, willingness to work market trading hours while in Pacif 
> ic time zone
>    • Strong analytical, quantitative, and financial modeling skills, 
>  strong verbal and written communication skills
>    • Excellent with Excel and Power Point, as well as skilled at Blo 
> omberg & trading/portfolio systems (e.g. yield book)
>    • Familiarity with corporate investment accounting a plus
>    • Has a good sense of humor



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