APAC FICC Trading Lead: Market Making & Hedging

THE BANK OF NOVA SCOTIA; Singapore; On-site; SGD 150,000 - 280,000; Full time

Job summary

The Bank of Nova Scotia (BNS) Singapore acts as the regional trading hub, providing centralized client coverage and engagement for flow business, DCM activities, private placements, financing, and credit- and rates-linked structured products. The trader will execute and hedge transactions to manage risk, while engaging with clients to foster and leverage banking relationships.

The role is based in Singapore, with responsibilities spanning pricing fixed income and FX instruments, hedging

Qualifications

• MBA or undergraduate degree with established academic achievement.
• Minimum 3 years in Fixed Income markets (US, UK, Singapore).
• Current Singapore MAS (1B, 6A).
• Exposure to legal, risk, management, and regulatory issues globally and in Asia Pacific; coordinate with other global teams.
• Strong personal attributes, including enthusiasm, initiative, persistence, results driven, attention to detail, and setting high standards.
• Flexibility to meet demands inherent in a global business that operates 24 hours a day, over 5 days a week.
• Knowledge of Canadian fixed income markets an advantage.

Responsibilities

• Meet and exceed client volumes and market share metrics.
• Price fixed income cash securities from Scotiabank’s global product suite including USD and CAD denominated instruments.
• Help manage and hedge relevant interest rate derivatives trading risks (IRS, Xccy, and basis); promote Bank’s interest rate products and identify cross-sell opportunities with clients.
• Help manage and hedge relevant FX spot, forwards, swaps, options and NDFs risks as appropriate in the region; drive up trading volume during the process of expanding the FX business.
• Help manage and hedge relevant short term interest rate risks and liaise with the global STIR desks to promote Bank’s products.
• Assist with the structuring, marketing and pricing of various non-linear / exotic FICC structured solutions & FICC linked structured notes, during Asia time-zone.
• Contribute to a client-focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Understand Bank’s risk appetite and risk culture in day-to-day activities and decisions.
• Actively pursue effective and efficient operations of their respective areas in accordance with Scotiabank's Values, its Code of Conduct, and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
• Champion a high-performance environment and contributes to an inclusive work environment.
• Operate within approved risk limits and promptly escape any actual or potential breaches.

Skills

Fixed Income Trading

FX Trading

Hedging

Risk Management

Client Engagement

Market Making

Education

MBA or Undergraduate Degree

Singapore MAS Licence (1B, 6A)

Job description

The Bank of Nova Scotia (BNS) Singapore acts as the regional trading hub, providing centralized client coverage and engagement for flow business, DCM activities, private placements, financing, and credit- and rates-linked structured products. The trader will execute and hedge transactions to manage risk, while engaging with clients to foster and leverage banking relationships.

The role is based in Singapore, with responsibilities spanning pricing fixed income and FX instruments, hedging