Senior Fixed Income Trader

CBD; Dubai; On-site; AED 250,000 - 350,000; Full time

Job summary

A leading financial institution in Dubai is seeking a seasoned trader to manage fixed income portfolios and identify trading opportunities. The ideal candidate will have a strong background in Treasury and Finance, with a minimum of 10 years of experience, including at least 3 in an active Dealing Room. Responsibilities include trading, risk management, and providing investment advisory services. A graduate degree in a relevant field is required, with a preference for a Master's or MBA.

Qualifications

• 10 years of experience in Treasury & Finance field.
• At least 3 years in an active Dealing Room of a Bank with direct responsibility for trading Fixed Income.

Responsibilities

• Manage a trading portfolio within defined risk limits.
• Identify trading opportunities based on market conditions.
• Monitor market liquidity and adjust trading strategies.

Skills

Trading fixed income

Market research

Risk assessment

Hedging mechanisms

Investment advisory

Education

Graduate in Commerce, Economics, Finance Management

Masters/MBA preferred

Job description

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