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SIB is seeking to hire a highly motivated and experienced Rates Trader who plays a critical role in research, structuring, and execution of trading strategies, managing portfolios, and contributing to the fund’s overall success, with a focus on interest rate markets, including government bonds, interest rate swaps, futures and other related instruments. The rates trader should have a strong understanding of global macroeconomic trends, central bank policy, and yield curve dynamics to deliver consistent alpha within a disciplined risk management framework.
Key Responsibilities:
- Trade Execution
- Develop, execute, and manage trading strategies across multiple asset classes, including government bonds, interest rate derivatives, currency derivatives, futures, options, swaps, and repo markets in alignment with the fund’s strategy;
- Optimise trade execution and portfolio structuring to achieve best pricing, return, and liquidity;
- Manage the operational elements of the Sovereign Debt Desk.
- Risk Management
- Conduct detailed scenario and sensitivity analysis to evaluate potential outcomes of trades;
- Managing interest rate and duration risk exposures by implementing hedging strategies and continuously monitoring trading activities to mitigate evolving risks;
- Adhering to the fund’s risk management framework, ensuring compliance with all limits;
- Stay informed about market developments, regulatory changes, and industry trends affecting trading activities.
- Market Analysis
- Monitor and analyze macroeconomic data, central bank policy, inflation trends, and yield curve movements to identify trading opportunities;
- Provide market insights and strategy ideas to the portfolio management team.
- Portfolio Management
- Creating daily valuation and exposure reports of FIxed Income and Rates products for the Executive Director, Global Markets;
- Tactical management of interest rate exposure, duration and curve positioning in the portfolio.
- Research & Strategy Development
- Develop and implement directional and macro-driven strategies across interest rate markets.
- Technology & Tools
- Any other duties that may be assigned from time to time by the Executive Director, Global Markets.
Qualifications:
- Education:
- Bachelor’s degree in Finance, Economics, Engineering, or related field (Master’s degree CFA certification is a plus
- Experience:
- Minimum of 2 years experience trading rates products;
- Deep understanding of global rates markets, yield curves, central bank policy impact, and currency derivatives.
- Skills & Competencies:
- Strong skills in research, portfolio construction and optimization, risk management, trade execution and Portfolio Management of government bonds, currency derivatives, and other interest rate products;
- Strong quantitative and analytical skills;
- Excellent decision making skills under pressure, with a disciplined approach to risk management;
- Exceptional communication and interpersonal skills, with the ability to collaborate with team members in a fast-paced environment, and to interact with clients.
Closing on : Feb 24, 2025
Job Type : Full Time
Location : Nairobi
Reporting Line : Head of Global Markets
