Intern, FICC Sales and Trading

Scotiabank; Singapore; On-site; SGD 15,000 - 19,000; Full time

Job summary

Scotiabank in Singapore is offering a Trainee role to support the FICC sales and trading desk. You will assist traders, help manage on-boarding and credit reviews for clients, and contribute to the preparation of market color, term sheets and client communications.

The program targets undergraduates in Accountancy/Banking & Finance/Economics/Computing, preferably in their 3rd or 4th year or fresh graduates, with a minimum 6-month commitment and strong English writing skills.

Qualifications

• Undergrad with degree/major in Accountancy, Banking & Finance, Economics or Computing.
• Preferably Year 3 or 4 or fresh graduate, available to commit for minimum 6 months.

Responsibilities

• Support FICC sales and trading activities in Singapore under supervision.
• Assist senior traders with trade ideas and risk management support.
• Coordinate onboarding, KYC, and credit reviews for clients.
• Prepare market color, term sheets, pitch books, and client communications.

Skills

Microsoft Office

Programming

English writing

Second language

Education

Undergraduate degree in Accountancy / Banking & Finance / Economics / Computing

Job description

Select how often (in days) to receive an alert:

Requisition ID: 277639
Employee Referral Program – Potential Reward:$0.00
We are committed to investing in our employees and helping you continue your career at Scotiabank.

Job Descriptions

The role will support the overall success of the FICC sales and trading activities in Singapore while ensuring compliance with governing regulations, internal policies, and procedures. Works within the sales and marketing strategy to secure new, profitable business as well as further develop existing client relationships in order to achieve sustainable revenue growth. Generates and maximizes trading profit and client revenues and understands the risk profile of transactions and puts processes in place to manage those risks.

Accountabilities include

• Responsible for making prices and managing risk while working with internal sales staff to develop customer order flow.
• Supporting deals in investments and execution of trades. Assisting senior trader in generating trade ideas and maximizing trading profit, in addition to creating linkages between client base and the desk.
• Supporting APAC FICC sales force in Singapore and Tokyo. Fostering new and existing client relationships in addition to cross-selling existing relationships across other areas and product groups.
• Assisting APAC FICC sales to complete the KYC, onboarding, and credit review for new and existing clients. Handling customers' queries in a timely manner and production of market colors. Preparing term sheets and pitch books, monthly and weekly reports, in addition to creating linkages between our client base and the trading desk. Also helping coordinate research, conference calls, reverse marketing, road shows and meetings with clients (external and internal) in an organized and efficient manner.

Academic Qualifications

• Undergraduate with a degree/major in Accountancy, Business (Banking and Finance), Economics, Computing
• Preferably in Year 3 or 4 / fresh graduate, available to commit for minimum 6 months

Skillset and Qualities

• Ability to work closely with traders and salespersons in a fast paced and stressful environment
• Proficient in Microsoft Office; e.g. Word, PowerPoint and Excel. Programming skill is highly desired.
• Excellent oral/ written communication/ interpersonal skills (Essential to have good English writing skills). A second language other than English is encouraged.
• Able to multi-task and work under pressure
• Self-starter, and able to demonstrate methodical, logical, solution-driven thinking, with commercial awareness
• Familiarity with financial markets and related FICC products is a plus

Technical Skills and Competencies Intern/Trainee will learn at the end of the Traineeship:

• Acquire a better understanding of the FICC products, business and financial industry
• Expose to banking regulatory and compliances
• Gain good understanding on the use of banking process and flow in the banking industry
• Certified in Financial Market Regulatory & Practice and/or CMFAS
• Get familiar on how to use Bloomberg / Reuters
• Gain insights on how to interact and support customers based on their needs

Location(s): Singapore : Singapore : Singapore

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.