Description
Job Purpose :
Primary role is to trade fixed income within clearly defined risk limits to generate revenue from both flow and proprietary positioning
Principal Accountabilities :
Manage a trading portfolio, long / short book as defined in the Investment Policy. This will include but not limited to : Government, Corporate and Financial Institutions securities, both senior and subordinated;
Identify trading opportunities through conducting thorough market research and make informed decisions based on market conditions and risk assessments;
Trade fixed income short term or long term, depending upon trading style and / or market conditions;
Monitor Market liquidity and Adjust trading strategies accordingly to optimize trade execution;
Use hedging mechanism to minimize position risk such as UST Futures and IRS when necessary;
Review positions and collaborate with risk management teams to ensure compliance with regulatory requirements as well as internal risk limits;
Develop a strong network of key relationship banks;
Provide investment sales / investment advisory with pricing and sourcing of bonds for customers;
Use repo to maximize returns and support ALM desk in this area when required;
Support Trading Desk in daily activity when required on other asset classes and also provide these prices to sales desks when relevant and required;
Liaise with legal and risk to ensure that all documentation are correct and up to date, valid and enforceable;
Work with Head of Product to ensure that all fixed income products can be managed through STP in treasury management system;
Provide required training in fixed income for dealing room, RM’s, support functions and corporate customers;
Oversee Investment portfolio in absence of Head of Fixed income under guidance of GM-Treasury.
Requirements
Education and Experience :
Graduate in Commerce, Economics, Finance Management
Masters / MBA preferred
10 Years’ experience in Treasury & Finance field with at least 3 years in an active Dealing Room of a Bank with direct responsibility for trading Fixed Income
Trader • Dubai, UAE