Founded in 1995, Standard Investment Bank Ltd (SIB) is a leading financial services firm in Kenya, providing a comprehensive suite of services, including Asset Management, Securities Trading, Market Research, Investment Management, and Corporate Finance. SIB serves both individual and institutional clients, delivering a seamless investment experience.
As a member of the Nairobi Securities Exchange (NSE) and a licensed entity regulated by the Capital Markets Authority (CMA), SIB upholds the highest standards of transparency and integrity. Additionally, SIB is authorized by the Retirement Benefits Authority as a Pensions Fund Manager and is licensed to operate Special Collective Investment Schemes (CISs) under the Capital Markets Act and the Capital Markets (Collective Investment Schemes) Regulations, 2023.
We are committed to driving financial growth and innovation while maintaining a disciplined approach to risk management. As we continue to expand, we are looking for a talented Interest Rates Trader to join our Global Markets team in Nairobi.
Position: Interest Rates Trader – Global Markets
- Location: Nairobi, Kenya
- Job Type: Full-Time
- Reporting Line: Head of Global Markets
- Application Deadline: February 24, 2025
About the Role
The Interest Rates Trader at SIB plays a crucial role in researching, structuring, and executing trading strategies while managing portfolios and contributing to the overall success of the fund. This role requires a deep understanding of global macroeconomic trends, central bank policies, and yield curve dynamics to consistently deliver alpha within a disciplined risk management framework. The successful candidate will focus on interest rate markets, including government bonds, interest rate swaps, futures, and other related instruments.
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.
- Optimize trade execution and portfolio structuring to achieve the best pricing, return, and liquidity.
- Manage the operational elements of the Sovereign Debt Desk to ensure smooth trading processes.
Risk Management
- Conduct detailed scenario and sensitivity analysis to evaluate potential trade outcomes.
- Manage interest rate and duration risk exposures by implementing hedging strategies and continuously monitoring trading activities to mitigate evolving risks.
- Ensure compliance with the fund’s risk management framework, including adherence to all risk 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 strategic ideas to the portfolio management team to enhance investment decisions.
Portfolio Management
- Prepare daily valuation and exposure reports for Fixed Income and Rates Products for the Executive Director, Global Markets.
- Execute tactical management of interest rate exposure, duration, and curve positioning within the portfolio to optimize returns.
Research & Strategy Development
- Develop and implement directional and macro-driven strategies across interest rate markets.
- Continuously assess and adjust strategies to capitalize on emerging market trends and opportunities.
Technology & Tools
- Utilize advanced trading platforms and analytical tools to enhance trading accuracy and efficiency.
- Ensure seamless integration of trading strategies with technology solutions for better portfolio management.
Additional Responsibilities
- Perform any other duties as assigned by the Executive Director, Global Markets, to support the team’s strategic objectives.
Qualifications and Experience
- Education:
- Bachelor’s degree in Finance, Economics, Engineering, or a related field.
- A Master’s degree or CFA certification is considered a plus.
- Experience:
- Minimum of 2 years’ experience in trading rates products.
- In-depth understanding of global rates markets, yield curves, central bank policy impact, and currency derivatives.
- Skills & Competencies:
- Strong skills in research, portfolio construction, optimization, risk management, and trade execution.
- Proven experience in managing government bonds, currency derivatives, and other interest rate products.
- Exceptional quantitative and analytical skills with the ability to make informed decisions under pressure.
- Excellent communication and interpersonal skills to collaborate with team members in a fast-paced environment and effectively interact with clients.
Why Join SIB?
At Standard Investment Bank, we are committed to nurturing talent and providing opportunities for professional growth. As a part of our team, you will:
- Work in a dynamic and innovative environment at one of Kenya’s leading financial institutions.
- Engage with diverse markets and investment opportunities, contributing to strategic decision-making processes.
- Collaborate with seasoned professionals and leverage state-of-the-art trading technology.
- Receive competitive remuneration and career advancement opportunities.
How to Apply
If you are a motivated and experienced Rates Trader looking to advance your career with a leading financial institution, we would love to hear from you!
Apply Now and become a part of Standard Investment Bank’s dynamic Global Markets team!
Application Deadline: February 24, 2025
Join Standard Investment Bank and be a part of a team that drives financial growth and innovation across global markets. Take the next step in your career – Apply Now!
