Interest Rate Trader, Foreign Wholesale Bank

Target Partners Executive Search; Singapore; On-site; SGD 250,000 - 550,000; Full time

Job summary

Our client is a foreign wholesale bank in Singapore seeking an Interest Rate Trader to manage rates trading positions and portfolios, providing market-making and pricing to corporate clients while driving annual revenue targets.

The role requires executing across IRS, CCS, FRA, Bonds and IR structured products, developing hedging strategies, and partnering with Corporate Banking, Treasury Sales, DCM, Private Banking and FI teams to originate hedging transactions.

Qualifications

• 8-15 years of related experience in Rates/trading within Banking Treasury.
• Strong analytical and stakeholder management skills.
• In-depth knowledge of fixed income, derivatives and market risk management.
• Knowledge of MAS regulations and experience coaching junior team members.

Responsibilities

• Manage interest rate trading positions and portfolios to meet annual revenue targets.
• Execute IRS, CCS, FRA, Bonds, IR Structured products and hedging strategies.
• Provide competitive pricing, market-making and trade execution services to clients.
• Generate trading ideas from macro insight, rate cycle and yield curve analysis.
• Identify risk exposures, reposition portfolios and implement hedging strategies.
• Collaborate with Corporate Banking, Treasury Sales, DCM, Private Banking and FI teams to originate hedging transactions.
• Develop and promote interest rate risk management solutions tailored to client needs.
• Support cross-selling of FX, rates, fixed income and structured solutions.
• Build strong relationships with internal and external stakeholders to expand Treasury opportunities.
• Ensure compliance with risk limits, internal guidelines and regulations.
• Manage ad-hoc projects as assigned by Head of Treasury.

Skills

Analytical skills

Stakeholder management

Communication

Team player

Job description

Our client is a rapidly growing foreign wholesale bank in Singapore. As part of their efforts to grow their global markets franchise, they are seeking to hire an Interest Rate Trader. Key responsibilities include:

• Manage interest rate trading positions and portfolios to achieve annual revenue targets by providing market-making and pricing to corporate clients
• Execute proprietary and client-driven trading strategies across all interest rate products (IRS, CCS, FRA, Bonds, IR Structured products, B/S hedging solutions)
• Provide competitive pricing, market-making and trade execution services to internal and external clients to generate revenue from flows as necessary
• Generate trading ideas to sales team and identify market opportunities through macroeconomic, rate cycle and yield curve analysis.
• Actively identify risk exposures, portfolio repositioning and hedging strategies.
• Partner with Corporate Banking, Treasury Sales, DCM, Private Banking and Financial Institutions teams to originate and execute client hedging transactions.
• Develop and promote interest rate risk management solutions tailored to client requirements regularly.
• Support cross-selling initiatives involving FX, interest rates, fixed income and structured solutions as appropriate.
• Build and maintain strong relationships with key internal and external stakeholders to expand Treasury business opportunities.
• Ensure product area is compliant with risk limits, internal guidelines and regulations
• Manage Ad-hoc projects as and when assigned by Head of Treasury

Requirements

• 8-15 years of related working experience holding portfolio in the Rates space within the Banking industry in Treasury Department
• Strong analytical, communication and stakeholder management skills
• In depth product knowledge of fixed income, derivatives and market risk management
• Knowledge of MAS regulations and experience in coaching younger team member
• Coaching junior team members with guidance, instruction, mentorship and planning
• Team player and yet ability to work effectively under pressure in a dynamic market environment

We regret that only shortlisted candidates will be notified.

[Joe Chua, R1105627]