Senior Rates Trader

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Job SummaryThe Senior Global Markets Rates Trader is responsible for pricing, trading, risk-managing and growing the interest rate trading business across Fixed income (Local and US Treasuries), FX swaps pricing and curve construction, money-market and related derivatives instruments within the Global Markets function. The role supports client execution, market-making, gap positioning/optimization and revenue generation while operating within defined risk, capital and regulatory frameworks. The Senior Trader will have the targeted income ownership and accountability for the above products.

Job Description

Trading & Market-Making

Actively trade and act as a market maker in interest rate products including:

Government and quasi-government fixed income instruments, repos and money-market instruments.

FX Swaps, Interest rate swaps (IRS), FRAs and futures.

Price and execute trades for internal and external clients, ensuring competitive, timely and accurate pricing.

Manage intraday and end-of-day positions in line with approved risk limits and mandates.

Face and deal internally with Treasury ALM for FTP pricing and funding optimization.

Contribute to the P&L and revenue for the desk.

Risk Management

Monitor and manage market risk limits (PV01, convexity, basis risk), liquidity risk and funding risk.

Ensure positions are aligned with macro views, curve strategies and hedging objectives.

Escalate limit breaches or emerging risks promptly and transparently.

Work closely with Market Risk, Treasury and ALM on balance-sheet and hedging strategies.

Client & Sales Support

Partner with Global Markets Sales to deliver client-driven solutions, including hedging and structured rate solutions where applicable.

Provide market colour, rate views and trade ideas to Sales and key clients.

Support growth in client wallet share through responsive execution and value-adding insights.

Organize and attend necessary visits to internal and external counterparts, including clients both on the Corporate and Interbank sides.

Develop and maintain necessary relationships and visibility with both internal and external market participants

P&L Ownership & Performance

Own and manage daily income, including understanding drivers such as carry, roll-down, curve moves and volatility.

Contribute to revenue growth while maintaining disciplined risk-adjusted returns, while optimizing capital usage.

Participate in strategy discussions to enhance desk profitability and market positioning.

Market Intelligence & Strategy

Track global and local macroeconomic developments, central bank policy, inflation data and yield-curve dynamics.

Develop and articulate trading views and strategies aligned with market conditions and client demand.

Contribute to desk strategy, product development and new market initiatives.

Governance & Controls

Ensure full compliance with internal policies, trading mandates and regulatory requirements.

Maintain accurate trade capture and documentation.

Support audits, regulatory reviews and model or valuation reviews as required.

Key Stakeholders

Global Markets Sales

Market Risk

Finance

Treasury/ALM

Operations & Technology

Compliance & Legal

Skills & Competencies

Technical Skills

Strong understanding of interest rate markets, yield curves and derivatives pricing.

Proven ability to manage PV01, curve risk and liquidity.

Solid grasp of funding, repo and balance-sheet dynamics.

Proficiency in trading and risk systems (e.g. Bloomberg, Refinitiv, Trading View or equivalent).

Behavioural & Leadership Skills

Commercial mindset with disciplined risk judgement.

Strong decision-making under pressure.

High level of integrity, accountability and control awareness.

Collaborative approach with Sales, Risk and Treasury teams.

Clear communicator, able to articulate market views succinctly.

Support the Global Markets Head of Trading in strategy execution including attending necessary meetings (including the Regulators)

Qualifications & Experience

Bachelor’s degree in Finance, Economics, Mathematics, Engineering or related field.

Minimum of 5 years’ experience in rates trading or treasury management.

Demonstrated track record in risk-adjusted income generation.

Success Measures

Sustainable income performance within risk limits.

Quality of execution and client satisfaction.

Risk discipline and governance adherence.

Contribution to desk strategy, market presence.

Adherence to the firm’s values.

Education

Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

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