Trader GRI

Crédit Agricole CIB; Hong Kong; On-site; HKD 1,000,000 - 2,000,000; Full time

Job summary

Crédit Agricole CIB in Hong Kong seeks a Senior Trader to manage repo and related secured funding products across Credit & EM and Solution desks. You will trade repo and alternative formats within risk limits, provide pricing, and execute transactions with accuracy while contributing trading ideas based on market data.

The role requires a strong quantitative background, 3–5 years in capital markets, proficiency in Excel (VBA/Python), and fluent English; Mandarin and/or Cantonese are a plus.

Qualifications

• Master/Bachelor’s degree in a relevant field with strong academic background.

Responsibilities

• Trade repo products and related formats within authorised trading limits.
• Provide pricing on Credit repo & Solution for a varied customer base via the sales team.
• Execute transactions accurately and in line with risk management procedures.
• Formulate trading ideas based on market data analysis.
• Upgrade the desk toolbox with IT resources and contribute to product development.
• Report activity and results to stakeholders.

Skills

Financial engineering

Mathematics

Statistics

Analytical thinking

Excel VBA/Python

Communication skills

Education

Master's or Bachelor's degree in Financial Engineering, Mathematics, Statistics, Finance or Economics

Tools

Bloomberg

Job description

The Global Repo & indexing (“GRI”) team is a principal trading activity dedicated to providing markets in secured funding products for CACIB’s clients.

GRI trades under repo, security lending or derivatives format on fixed income and equity underlyings.

The trading team is globally composed of 40+ strong split across US, Europe & Asia.

It is composed of 4 product lines

Rates: Government bonds underlying

Credit & EM: Corporate bonds underlyings

Equity: Equity underlyings

Solution: Cross-asset underlyings and secured format

We rely on the different capital market salesforce to distribute our products. GRI is running its financing activity through global and local books with traders in NY, London, Paris, HK and Tokyo.

This particular role will work across 2 fixed income activities: Credit & EM as well as Solution.

Key Responsibilities

Senior Trader role:

• Perform trading of repo products and alternative formats within authorised trading limits, i.e. the repo risk parameters and designated currency and product limits.
• Provide pricing on Credit repo & Solution for a varied customer base via the sales team.
• Perform transactions execution accurately and in accordance with established risk management, operational procedures and risk parameters.
• Formulate trading ideas based on analysing the latest market data.
• Actively involved in upgrading “the toolbox” of the desk notably through GRI IT resources.
• Actively Involved in product development to answer clients global and local needs
• Report activity and results

1. Communication

Key Internal Contacts

GRI Trading team, GMD Sales force, Middle-office, PnL production team (MAM), structuring team, other trading teams

Key External Contacts

Brokers, interdealers, clients and regulators

Systems Used – mainly

External: Bloomberg

3. Legal and Regulatory Responsibilities

• Comply with all applicable legal, regulatory and internal Compliance requirements, including, but not limited to, the Hong Kong Compliance manual and Compliance policies and procedures as issued from time to time; Financial Security requirements, including, but not limited to, the prevention of Financial Crime and Fraud including reporting obligations to the Money Laundering Reporting Officer.
• Maintain appropriate knowledge to ensure to be fully qualified to undertake the role. Complete all mandatory training as required to attain and maintain competence.
• Refrain from taking any steps which could lead to the removal of certification of fitness and propriety to perform the role.
• Undertake all necessary steps to satisfy the annual certification process.
• Comply with all applicable conduct rules as prescribed by the relevant regulator
• Comply with GMD requirements with regards to dealing room conduct

ROLE REQUIREMENTS:

• Master/ Bachelor’s degree holders, with strong academic background in Financial Engineering, Mathematics, Statistics, Finance and Economics
• 3-5 years minimum experience
• Given the structured nature of the two activities, strong analytical skills and quantitative skills is a must. Prior experience in capital markets non-flow products will be an advantage
• Strong communication and problem-solving skills with ability to provide solutions
• Self-motivated and hardworking with a strong sense of commitment and responsibility
• Proficiency in Microsoft Excel (VBA/Python is a must), Word, PowerPoint and other PC applications
• Fluent in both written and spoken English, fluent in Mandarin and/or Cantonese is a plus