Director, Credit Trading

STANDARD CHARTERED; Greater London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading international bank is seeking an experienced Structured Credit Trader to manage and optimize returns on its CCU Portfolio. This role involves identifying opportunities in the spread bond market, managing risks, and providing strategic insights. The ideal candidate has substantial banking experience, strong business acumen, and 1-3 years in Structured Credit Trading. The bank offers an inclusive environment with flexible working patterns and a commitment to employee wellbeing.

Benefits

Competitive salary

Flexible working options

Core bank funding for retirement savings

Proactive wellbeing support

Continuous learning opportunities

Inclusivity initiatives

Qualifications

• Substantial experience in the banking industry, demonstrating success in a similar role.
• Sharp business acumen with an ability to assess risk and return.
• Excellent interpersonal skills and multicultural awareness.
• 1-3 years of relevant experience in Structured Credit Trading.

Responsibilities

• Manage and deliver appropriate returns on the CCU Portfolio.
• Identify opportunities in the spread bond market.
• End to end management of the portfolio from execution to pricing.
• Risk-manage non-linear interest rate risk.
• Assist in developing optimal financial resource management strategy.
• Generate value add through macro analysis.

Skills

Market Knowledge

Products and Processes

Bonds and Loans

Credit Derivatives

Foreign Exchange

Interest Rate & Currency Swaps

Job description

Job Summary

The role sits in a buy side portfolio under markets, credit trading. The portfolio deploys part of the bank's liquidity and capital into spread products mainly in credit, aiming to enhance returns for the bank. The team is covered by other banks in the street and optimises deployment through strategic and opportunistic investing across geographies and currencies into investment grade bonds.

Strategy

• Markets, Credit Trading (CT) provides solutions for clients through various products across regions. The Central Credit Unit (CCU) sits as a buy side portfolio and deploys balance sheet, capital and liquidity to optimise returns and generate revenue in high quality investment grade spread assets.

Business

• Responsibility includes managing and delivering appropriate returns on the CCU Portfolio which optimises the use of liquidity and capital across the bank through purchases and sales of a variety of spread securities.
• The role includes identifying opportunities in the spread bond market across various asset types which not only meet the RoRWA return hurdle of the bank but also minimise risk and volatility whilst maintaining an appropriate level of diversity in the portfolio.
• The role requires end to end management of the portfolio from execution to booking and pricing as well as managing MTM and credit risks in a timely manner.
• The role further requires management of the rates risk in the CCU portfolio, keeping in mind the total rates risk run across CT.
• Assist CT in developing and executing a strategy for optimal use of financial resource management including but not limited to leverage, funding, RWA all to maximise ROtE for the bank.
• Risk-manage non-linear interest rate risk through econ hedging.
• Generate value add through capturing medium-term ranges in dollar rates by dynamically adjusting swaps in the FVOCI book.
• Macro analysis and develop model for tracking key variables.
• Trade idea generation across sovereigns, credit, MBS. Create signalling tools, fair value calculators to aid in idea generation.

Processes

• CT business and risk management processes are defined and governed in various risk, governance and control committees.
• Accountable for helping establish and maintain frameworks to ensure processes are efficient, appropriate and compliant with all internal and external regulations.

Key Responsibilities

• People & Talent
  • Assist in training team members in CCU and in CT on how to practically run an investment portfolio from booking to pricing and risk management, especially in reference to rates.
• Risk Management
  • The role involves active risk management on the CCU portfolio, looking at market and credit risks across rates and credit. Portfolio risk management considers concentrations by sector and geography. It’s important for the person in the role to consider capital impacts from each position and from a portfolio view to assess the risk being run.
• Governance
  • Manage the extensive governance requirements from booking trades, report sign-off and maintain requirements for SCB’s risk and regulatory framework. This extends to completing e-learning on time.
• Regulatory & Business Conduct
  • Display exemplary conduct and live by the Group’s Values and Code of Conduct.
  • Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
  • Comply with all applicable laws and regulations across jurisdictions.
  • Conduct Principles – maintain standards of “Financial Crime Compliance”.
• Key stakeholders
  • Internal: Credit Trading, Risk, Support and Control functions, Modelling and Analytics Group
  • External: As and when necessary

Skills and Experience

• Business – Market Knowledge
• Business – Products and Processes
• FM – Products – Bonds and Loans
• FM – Products – Credit Derivatives
• FM – Products – Foreign Exchange
• FM – Products – Interest Rate & Currency Swaps

Qualifications

• Substantial experience in the banking industry, including demonstrated success in a similar role.
• Must possess sharp business acumen (including ability to assess risk and appropriate levels of return), excellent interpersonal skills and multi-cultural awareness and sensitivity.
• Ability to work with geographically dispersed and highly varied stakeholders.
• At least 1-3 years of relevant experience in Structured Credit Trading.

About Standard Chartered

We’re an international bank, nimble enough to act, big enough for impact. For more than 170 years, we’ve worked to make a positive difference for our clients, communities, and each other. If you’re looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can’t wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good, are achieved by how we each live our valued behaviours. When you work with us, you’ll see how we value difference and advocate inclusion.

What we offer

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.