FICC Portfolio Manager – Rates & Derivatives

Ping An Securities (Hong Kong) Holdings Company Limited; Hong Kong; On-site; HKD 900,000 - 1,500,000; Full time

Job summary

Ping An Securities (Hong Kong) Holdings Company Limited is seeking a seasoned investment and trading professional focused on USD rates and derivatives. The role involves independently managing the full investment process and developing robust trading strategies, while communicating with major counterparties and internal teams.

The candidate will monitor market dynamics, prepare comprehensive reports, and help build the Global Markets FICC proprietary trading framework.

Qualifications

• Bachelor’s degree or above, preferably in Economics, Finance, Mathematics, Computer Science or related disciplines.
• Minimum 5 years of investment and trading experience in USD rates and derivatives markets.
• Ability to independently manage the full investment process.
• Experience in bank proprietary trading, securities firm proprietary trading, hedge funds or major international financial institutions preferred.
• Strong written and verbal communication in English and Chinese.

Responsibilities

• Manage investments and trading across USD rates and derivatives, develop trading strategies and execute trades.
• Monitor pricing, yield curve dynamics, and market flows across government bond and rates markets.
• Prepare trading reports, post-trade reviews and position analyses.
• Collaborate with Compliance, Risk, Finance, Operations and Middle & Back Office to establish risk limits, workflows and settlement processes.
• Contribute to the development of Global Markets FICC proprietary trading and related business processes.

Skills

Investment & trading experience

USD rates

Independent thinking

Education

Bachelor’s degree or above

Job description

Manage investments and trading activities across rates and derivatives, with a primary focus on USD rates markets, and independently develop trading strategies, execute trades and manage portfolio risks.

Monitor pricing, yield curve dynamics, supply and demand conditions, market positioning and flows across government bond and rates markets; identify mispricing, expectation gaps and structural trading opportunities; and prepare trading reports, post-trade reviews and position analyses.

Work closely with Compliance, Risk, Finance, Operations and Middle & Back Office teams to help establish core mechanisms including risk limits, trading workflows, settlement processes, valuation checks and position/transaction records, ensuring smooth trading operations.

Participate in the build-out of the Global Markets FICC proprietary trading business and contribute to the development of investment frameworks, trading capabilities and related business processes.

Based on the evolving needs of the team, undertake other responsibilities related to investment, trading and business development.

Requirements:

Bachelor’s degree or above, preferably in Economics, Finance, Mathematics, Computer Science or related disciplines.

Minimum 5 years of investment and trading experience in USD rates and derivatives markets, with the ability to independently manage the full investment process. Candidates with a verifiable investment track record are preferred. Experience in bank proprietary trading, securities firm proprietary trading, hedge funds or major international financial institutions is preferred.

Strong sensitivity to market pricing and changes in market expectations. Maintain effective communication with major counterparties and market participants in rates and derivatives markets, with strong capabilities in obtaining and exchanging relevant market information.

Able to adapt to the trading characteristics of global rates markets and flexibly manage trading and risk management responsibilities around major economic data releases, policy events and periods of heightened market volatility, as required by portfolio management needs.

Strong risk awareness and trading discipline, with the ability to clearly identify the key sources of return and risk exposures of individual trades and allocate positions and risk budgets appropriately based on risk-reward considerations.

Strong written and verbal communication skills in both English and Chinese, with the ability to communicate directly with international counterparties and market participants.

Strong independent thinking, execution capabilities and ownership mindset. Comfortable working in an early-stage proprietary trading business and willing to contribute to the long-term development of the investment framework and platform capabilities.

We offer attractive remuneration package and fringe benefits to the right candidate.

All applications will be treated in the strict confidence and personal data collected will be used for recruitment purpose only.