Senior Fixed Income Trader

CBD; Dubai; On-site; AED 120,000 - 180,000; Full time

Job summary

An established industry player is seeking a seasoned Fixed Income Trader to manage a trading portfolio and identify lucrative trading opportunities. In this pivotal role, you will leverage your expertise in market research and risk assessment to execute trades and optimize strategies based on market conditions. With a focus on compliance and collaboration, you will work closely with risk management teams while developing strong relationships with key banks. This position offers a unique opportunity to contribute to the trading desk's success and enhance your career in a dynamic financial environment.

Qualifications

• 10 years of experience in Treasury & Finance with 3 years in a Dealing Room.
• Strong background in trading Fixed Income securities.

Responsibilities

• Manage a trading portfolio and identify trading opportunities.
• Monitor market liquidity and adjust trading strategies.
• Provide investment advisory and liaise with legal and risk teams.

Skills

Market Research

Risk Assessment

Trading Strategies

Hedging Mechanisms

Investment Advisory

Relationship Management

Education

Graduate in Commerce

Graduate in Economics

Graduate in Finance Management

Masters/MBA

Tools

Treasury Management System

UST Futures

IRS

Job description

Primary role is to trade fixed income within clearly defined risk limits to generate revenue from both flow and proprietary positioning.

Principal Accountabilities:

1. Manage a trading portfolio, long/short book as defined in the Investment Policy. This will include but is not limited to: Government, Corporate and Financial Institutions securities, both senior and subordinated.
2. Identify trading opportunities through conducting thorough market research and make informed decisions based on market conditions and risk assessments.
3. Trade fixed income short term or long term, depending upon trading style and/or market conditions.
4. Monitor market liquidity and adjust trading strategies accordingly to optimize trade execution.
5. Use hedging mechanisms to minimize position risk such as UST Futures and IRS when necessary.
6. Review positions and collaborate with risk management teams to ensure compliance with regulatory requirements as well as internal risk limits.
7. Develop a strong network of key relationship banks.
8. Provide investment sales/investment advisory with pricing and sourcing of bonds for customers.
9. Use repo to maximize returns and support ALM desk in this area when required.
10. Support Trading Desk in daily activity when required on other asset classes and also provide these prices to sales desks when relevant and required.
11. Liaise with legal and risk to ensure that all documentation is correct, up to date, valid, and enforceable.
12. Work with Head of Product to ensure that all fixed income products can be managed through STP in treasury management system.
13. Provide required training in fixed income for dealing room, RM’s, support functions and corporate customers.
14. Oversee Investment portfolio in absence of Head of Fixed Income under guidance of GM-Treasury.

Requirements

Education and Experience:

1. Graduate in Commerce, Economics, Finance Management.
2. Masters/MBA preferred.
3. 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.