Senior Fixed Income Trader

Commercial Bank of Dubai; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading financial institution in Dubai is seeking a professional to trade fixed income securities within defined risk limits. Responsibilities include managing a trading portfolio, identifying opportunities, adjusting strategies based on market conditions, and collaborating with risk management teams. The role requires a strong understanding of market liquidity and compliance with regulatory requirements. Competitive compensation offered.

Responsibilities

• Manage a trading portfolio of Government, Corporate, and Financial Institutions securities.
• Identify trading opportunities and make informed decisions based on market conditions.
• Monitor market liquidity and adjust trading strategies accordingly.

Job 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.