Associate Director, Structured Rates Trading

Standard Chartered; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

A global financial institution in Singapore seeks a Markets Trader to identify and execute trading opportunities while ensuring compliance with regulations. The ideal candidate has a Master of Finance, over 4 years of experience in trading structured rates products, and proven project management skills. This role offers competitive salary and benefits, fostering both professional growth and wellbeing.

Benefits

Competitive salary

Flexible working options

Comprehensive health plans

Continuous learning culture

Wellbeing support program

Qualifications

• 4+ years’ experience in trading structured rates products.
• Ability to work in a team and diverse work environment.
• Experience of working with and presenting to senior stakeholders.

Responsibilities

• Implement the strategy of the desk for profitable trading at acceptable risk.
• Provide accurate pricing for interest rates derivatives.
• Manage portfolio risk by adhering to approved limits.

Skills

Trading structured rates products

Project management

Team collaboration

Excellent communication skills

Ability to work under pressure

Education

Master of Finance - Financial Engineering

Job description

Job Summary

Our Markets Traders identify, analyse and execute opportunities in the market, supporting the needs of our clients in a professional and fully compliant way. Our Markets business aims to become the leading emerging markets fixed income, financing, and securities service franchise, and a leader in sustainable finance, advisory, trading and asset servicing.

The business will achieve this by expanding product capabilities, building on footprint market strength, developing our talent and using technology to transform our ways of working. We’re looking for highly capable individuals to join us and maintain the highest levels of integrity and professionalism, in line with our valued behaviours.

About Corporate & Investment Banking (CIB)

• For more than 170 years we’ve supported clients with their transaction banking, financial markets, corporate finance and borrowing needs and provide solutions to nearly 20,000 clients in the world’s fastest-growing economies and most active trade corridors.

Key Responsibilities

Strategy

• Work to implement the strategy of the desk for profitable trading at acceptable risk.

Business

• Work in partnership with Sales, Structuring, and other trading teams to maximise the bank’s revenues and achieve the assigned full year budget.
• Provide accurate and timely pricing for interest rates derivatives to meet the needs of both internal and external clients at competitive prices.
• Transact trades to hedge risk and generate revenues by leveraging off market flows and opportunities.
• Expand the current product offering through the testing and implementation of new trading models.
• Manage the portfolio risk generated by adhering to approved risk limits and seeking excess approvals where necessary.
• Establish and maintain a network of relationships with other SCB Global Market centres, to identify opportunities for business growth.

Processes

• Ensure adherence to all internal and external regulations.
• To embed Operational Risk monitoring as an integral part of the business process.
• Ensure that the business meets its obligations the prevention of money laundering under the Group Policy and Standards and under local laws and regulations.
• Ensure that there are appropriate and documented internal controls and procedures in place.

People & Talent

• Lead through example and build the appropriate culture and values.
• Contribute to continuous process improvement and sharing best practice.
• Employ, engage and retain high quality people, with succession planning for critical roles.

Risk Management

• Responsible for identifying, assessing, monitoring, controlling and mitigating risks to the Group.
• The ability to interpret the Group’s financial information, identify key issues based on this information and put in place appropriate controls and measures.
• Comply with guidelines as outlined in the annual dealer mandate.

Governance

• Responsible for assessing the effectiveness of the Group’s arrangements to deliver effective governance, oversight and controls in the business.
• Awareness and understanding of the regulatory framework, in which the Group operates, and the regulatory requirements and expectations relevant to the role.
• Willingness to ‘speak up’ in the event of any realised or perceived breach of group conduct rules or laws by colleagues.

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.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key stakeholders

• Sales & Structuring globally.
• Credit and Market Risk Officers.
• Legal & Compliance.
• FM Heads.
• Support functions including Finance, Operations, Middle Office, and IT.
• Trading Counterparties.
• Brokers.

Our Ideal Candidate

• Master of Finance - Financial Engineering.
• 4+ years’ experience in trading structured rates products.
• Project and time management skills to monitor multiple workstreams and take ownership of issues / tasks.
• Ability to work in a team and diverse work environment.
• Excellent written & oral communication skills.
• Experience of working with and presenting to senior stakeholders.
• Flexible and resilient mindset to deal with a dynamic and quick-to-change setting.

Role Specific Technical Competencies

• Customer Behaviour and Preferences.
• Financial Mathematics.
• Market Risk.
• Trading.
• Investment Risk Economics and Finance.
• Investment Performance Measurement.

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.

What we offer

• 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.
• 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.