Cardno Emerging Markets USA, Ltd. (Cardno) is currently seeking candidates for TWO (2) Repurchase Agreement Trader positions in Kiev, Ukraine for a USAID – funded Financial Rehabilitation (FinREP) project. This is a short-term position, based in Kiev, Ukraine.
FINREP’s goal is to help Ukraine rebuild from its current economic and financial crisis and establish a sound, transparent, and resilient financial system. FINREP activities support legislators and regulators with the banking recapitalization and resolution process, help financial sector regulators implement risk-based supervision and regulate the private pension system, help build a domestic securities market as a source of stable long-term capital, and support vulnerable populations with debt restructuring and financial literacy campaigns.
The Repurchase Agreement Trader will facilitate the use of Repurchase and Reverse Repurchase agreements (collectively, and colloquially: “Repo’s”) which are commonly used by major banks and treasury securities dealers as a key method of managing their liquidity. Ukrainian banks’ use of Repo agreements is limited by current tax laws, which view these transactions as “Sale and Buyback” agreements. Proposed amendments to the national tax code, combined with an accepted system of uniform transaction and settlement procedures would eliminate this barrier. The enhanced ability to utilize Repo agreements would provide Ukrainian banks with an important additional tool in liquidity management.
Specifically, the Repurchase Agreement Trader will meet with senior personnel of Ukrainian banks and securities dealers to outline various trading strategies commonly utilized in day-to-day trading of Repo’s, explain principle of “matched book” trading, and how it can be employed as a profit center, using the trading of Repo’s as a means of facilitating “short” positions in securities. Additionally, the candidate will be responsible for meeting with key representatives of banks and primary dealers, and illustrate the use of Repo’s as a means of financing securities inventories, the history and practicality of trading “specials” in the Repo market. Generally, the Repurchase Agreement Trader will be responsible for discussing with key bank and dealer personnel the methods of interaction between Repo dealers and the Central Bank.
Qualifications:
First Position:
Senior Trader with at least five years’ experiences with a global banking/investment dealer with a significant presence in the Repo market
Russian or Ukrainian language skills would be helpful
Second Position:
Senior trader with minimum of three years’ experience with an emerging market bank that has recently entered into the Repo market
Russian or Ukrainian language skills would be helpful
Special Instructions:
If interested and qualified for this position, please send your CV today to – indicate “FINREP Repo Trader 1 or 2” in the subject line of your email for prompt consideration
Cardno Emerging Markets USA, Ltd., is part of Cardno’s Emerging Markets Division with international development assistance companies in Brisbane, Brussels, Colombo, Jakarta, Melbourne, Nairobi, Oxford, Port Moresby, and Washington, DC. Cardno Emerging Markets USA, Ltd. was formerly Emerging Markets Group, Ltd. and brings nearly a 30-year history serving the objectives of bilateral and multilateral donors and private clients. The Emerging Markets Division brings together a broad range of experience and talent; a rich history of innovation, passion and commitment to international development and an established reputation for high quality demand and client driven services.
Cardno’s Emerging Markets Division manages more than $750 million in current contracts and grants, brings together over 90 years of collective experience, and engages over 3,700 professionals in more than 100 countries. Cardno’s Emerging Markets Division currently implements over 130 projects globally.
To learn more about Cardno Emerging Markets USA, Ltd. visit .
