Re: Google Is Hiring Bond Traders

[David Farber <dave () farber net>]

Me roo.

Begin forwarded message:

From: "Bob Frankston" <bob2-39 () bobf frankston com>
Date: March 22, 2010 4:50:08 PM EDT
To: <dave () farber net>, "'ip'" <ip () v2 listbox com>
Subject: RE: [IP] Google Is Hiring Bond Traders

So what’s what they are doing with all the stuff they know about me?

I’d feel far better if this were arms-length.
 
From: Dave Farber [mailto:dave () farber net] 
Sent: Monday, March 22, 2010 16:11
To: ip
Subject: [IP] Google Is Hiring Bond Traders
 




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 construct/maintain multi-country portfolios that are 
within risk tolerances and constraints
   • Interact with sell-side to stay current on market trends and interact with portfolio managers to enhance 
quantitative models
   • Develop performance tools to ensure performance attribution, develop 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 trading activities and report monthly to senior management
   • Drive valuation-related initiatives and identify investment opportunities, as well as enhance price-testing, 
reporting, and valuation risk control processes
Requirements:
   • BS/BA or equivalent experience in Finance, economics, mathematics, 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 Pacific 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 Bloomberg & trading/portfolio systems (e.g. yield book)
   • Familiarity with corporate investment accounting a plus
   • Has a good sense of humor
Archives 

 




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