Principal, Rates & Credit Trading, Nigeria at Standard Chartered Bank Nigeria Full Time

Job Title: Principal, Rates & Credit Trading, Nigeria

Ref No: 2200011151
Location: Lagos
Schedule: Full-time
Job: Institutional Banking
Employee Status: Permanent

Role Responsibilities

• To trade in the local rates and credit market, pricing customer transactions and managing short-term positions, in order to maximise revenue at acceptable risk in compliance with the Volcker rule and other applicable global or local regulation.]
• Provide an accurate and timely Fixed Income pricing service to FM Sales staff, to meet customer needs at competitive prices.
• Transact trades on the Bank’s own account, to generate revenue or hedge risk, with knowledge of customer-based transaction flows, and in anticipation of future changes in the market derived from economic and technical analysis.
• Manage the portfolio risk generated in trading by adhering to approved GMR limits and seeking excess approvals where necessary.
• Enhance SCB’s name as one of the major players in the primary as well as secondary trading of Fixed Income securities. To maintain SCB ‘s standing as one of the active Principal/Primary Dealers in the local bond market.
• Establish and maintain good contact with the local Central Bank regulators as well as their dealers.
• Work closely with the Debt Capital Market on pricing of primary debt issues, and also to assist the Distribution desk by providing the market feel and sentiment to support their selling down strategy
• Work closely with the Structuring Team.
• Establish and maintain a network of relationships with other SCB Global Markets Centres, in particular other Fl trading counterparts to maintain communication on global market movements.
• Monitor regulatory and market developments and provide feedback on the market and the business to the sales and management.

Key Stakeholders
Internal:

• Relationship Managers in OCC/Credit for building the trading franchise.
• FM sales teams across relevant jurisdictions.
• Other product partners.
• DCM team for the capital markets business.
• Sales and trading counterparts in other Fl trading centres for networking & information
• Back office, middle office and product control for processing and Risk Control.
• Local and regional head(s) of Global markets.
• Regional Head of Fl Trading, Africa

External:

• Money/Bond Dealers and brokers
• Central Bank and Securities Commission

Contributes to:

• To the profitability of the Fl Trading team via a strategic portfolio mix, and also via leveraging on customers’ flows.
• To the enhancement of the Bank’s image and profile in the market via active trading, active provision of two-way prices, and acting professionally at all times.

Dimension:

• Profitability
• Average Trading volumes

Complexity / Judgement:

• Assessment of the market’s sensitivity to price changes for certain bonds / IRD product
• Understanding of the impact of political and economic changes on the market sentiment
• Understanding of legal requirements and its application in practice

Application Closing Date
24th May, 2022 at 11:59:00 PM