Emerging Markets Hard Currency Bond Trader

Intesa Sanpaolo Group; Milano; Ibrido; EUR 100.000 - 140.000; Tempo pieno

Vantaggi offerti da questo lavoro

4x9 flexible working

Healthcare coverage

Performance-related bonus

Descrizione del lavoro

Intesa Sanpaolo Group in Milan seeks an experienced Emerging Markets Hard Currency Bond Trader to lead trading, market making and risk management across EM sovereign and quasi-sovereign bonds, mainly USD and EUR. The role requires 5–10 years in EM hard currency bond trading, deep credit knowledge, and a strong track record in front-office trading, pricing and risk controls.

English fluency is essential. You will collaborate with Sales and other trading desks across international hubs to grow the

Competenze

• Approximately 5–10 years of significant EM hard currency bond trading experience.
• Extensive experience in sovereign and quasi-sovereign credit, with direct responsibility for managing trading books and market risk.
• Strong knowledge of both USD- and EUR-denominated EM debt.
• Experience across multiple EM regions (LatAm, CEE, Middle East & Africa and/or Asia).
• Proven ability to manage sizeable positions and risk exposures across varying market conditions.
• Proven ability to identify and develop new trading and business opportunities.
• Extensive experience with front‑office trading, pricing, risk-management and position-keeping systems.
• Degree in Economics, Finance, Engineering, Mathematics or another quantitative discipline.
• Fluency in English.

Mansioni

• Trading and market making across EM hard currency sovereign and quasi-sovereign bonds, USD and EUR.
• Managing market, credit and liquidity risks within the assigned risk framework and limits.
• Providing competitive pricing and liquidity across the EM perimeter.
• Actively managing trading positions and portfolio exposures, balancing client flows and risk/reward.
• Developing and implementing relative-value, directional and hedging strategies in EM credit markets.
• Collaborating with Sales to provide market views, pricing and trade ideas.
• Identifying opportunities to expand client activity and product coverage across EM.
• Coordinating with other trading desks to optimize risk allocation and market coverage.
• Ensuring trading activities comply with internal policies and regulatory requirements.

Conoscenze

EM Bond Trading

Risk Management

Pricing & Market Making

Position Keeping

English Fluency

Formazione

Bachelor's degree in Economics/Finance/Engineering/Mathematics

Strumenti

Front-office trading systems

Credit analysis tools

Descrizione del lavoro

Emerging Markets Hard Currency Bond Trader

Date: Sep 9, 2026

Location: Milan, IT

Overview

We are looking for an experienced Emerging Markets Bond Trader to join our Emerging Markets Trading team in Milan.
The successful candidate will take a senior role in trading, market making and risk management across Emerging Markets hard currency fixed income, with a primary focus on sovereign and quasi-sovereign bonds denominated in major currencies, particularly USD and EUR.
The candidate will play a key role in the continued development of the Emerging Markets franchise, working closely with Sales and other Trading teams across the international hubs.

What you'll be doing

• Trading and market making across Emerging Markets hard currency sovereign and quasi-sovereign bonds, primarily denominated in USD and EUR;
• Managing the market, credit and liquidity risks arising from market-making and trading activities, within the assigned risk framework and limits;
• Providing competitive pricing and liquidity across the assigned Emerging Markets perimeter;
• Actively managing trading positions and portfolio exposures, balancing client flows, market opportunities and and risk/reward considerations;
• Developing and implementing relative-value, directional and hedging strategies across EM credit markets;
• Working closely with Sales to provide market views, axes, pricing and trade ideas, supporting the development of the institutional client franchise;
• Identifying opportunities to expand client activity and enhance the Bank's product and market coverage across Emerging Markets;
• Working closely with other Trading desks and international hubs to optimize risk allocation, liquidity and market coverage;
• Providing senior market expertise and contributing to the broader strategic development of the Emerging Markets trading franchise;
• Ensuring that all trading activities are conducted in accordance with applicable internal policies, risk limits and regulatory requirements.

Who we are looking for

If you want to turn your passion into a career and you have the following characteristics, we are waiting for you:

• Approximately 5-10 years of significant experience in Emerging Markets Hard Currency bond trading, gained within a leading investment bank or a comparable financial institution;
• Extensive experience in sovereign and quasi-sovereign credit, with direct responsibility for managing trading books and market risk;
• Strong knowledge of both USD- and EUR-denominated Emerging Markets debt;
• Experience across multiple EM regions, such as LatAm, CEE, Middle East & Africa and/or Asia;
• Proven ability to manage sizeable positions and risk exposures across different market and liquidity conditions;
• A proven ability to identify and develop new trading and business opportunities;
• Extensive experience with front-office trading, pricing, risk-management and position-keeping systems;
• A degree in Economics, Finance, Engineering, Mathematics or another relevant quantitative discipline;
• Strong understanding of sovereign credit analysis, including macroeconomic fundamentals, debt sustainability and political and geopolitical risk;
• Strong knowledge of credit spreads, yield curves, relative-value analysis and fixed-income risk metrics;
• A thorough understanding of the main hedging instruments used in EM trading, including government bonds, interest-rate/Fx/credit derivatives;
• Excellent risk-management and decision-making capabilities;
• Fluency in English.

What we offer

• Gross annual salary starting from €100,000
• The Group provides a performance-related variable component in line with the Group’s Remuneration Policies available on the Group website
• Additional benefits set out by the National Collective Labour Agreement for the Banking sector and company-level agreements
• Opportunities for professional development to support your growth
• A wide range of training programes through our Corporate Academy, dedicated to the continuous development of professional, managerial and soft skills at all levels
• Possibility of flexible working and a 4-day workweek (4x9)
• A modern and integrated corporate welfare system (link )
• Healthcare coverage and supplementary retirement plan upon employment
• Benefits on the Group's banking products and services

About us

We are the leading banking group in Italy and one of the Top Tier in Europe. Join us and be part of our successful story!

With over 20 million customers in Italy and abroad, we are a true engine of sustainable growth, with a strong commitment to the environment and a tangible impact on society. People are our driving force. We take care of them and foster an inclusive culture where everyone feels valued and empowered.

The IMI Corporate & Investment Banking Division is a global partner for Corporate, Public Finance and Financial Institutions clients. Committed to supporting the economy in the countries in which it operates, it stands out for its historical presence in financial markets and its extensive and innovative offer

Join an international and innovative Group. Don't wait for the future, choose it!

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We guarantee an inclusive and equal environment. We will consider all applicants regardless of race, religion, sexual orientation, gender identity, marital status, national origin, age, disability, or any other protected category in compliance to D.lgs. 198/2006, 215/03 and 216/03.

For the evaluation of the application, the data will be processed by Intesa Sanpaolo S.p.A.as Data Controller. We invite you to review the dedicated Privacy Information Notic efor more details.