Job Title: Fixed Income Trader

Job Summary

Our client, leading Interdealer brokerage firm serving both buy-side & sell-side clients in the African financial market, is hiring a Fixed Income trader that will facilitate transactions within a variety of institutional clients comprising commercial banks, fund managers, pension funds, insurance companies and non-bank trading houses. The candidate will be responsible for building liquidity in the markets by drawing together counterparties and facilitating price discovery across all asset classes under your coverage. The trader is also expected to play a primary role in taking proprietary positions to generate profits through strategic buying and selling of fixed income instruments, such as bonds, government securities, and other debt- related products. The candidate will also be responsible for consummating deals on a broad range of instruments such as Treasury Bills, Promissory Notes, USTs, Eurobonds and Local Bonds in both developed and emerging African markets (Nigeria, Ghana, Uganda, Kenya & Egypt).

RESPONSIBILITIES

• Conduct thorough research and analysis of fixed income markets, including interest rate movements, economic indicators, and credit trends.

• Formulate trading strategies based on market analysis, economic forecasts, and risk assessments.

• Implement effective risk management strategies to protect the firm's capital. This involves setting stop-loss levels, monitoring exposure to different types of fixed income securities, and adjusting positions accordingly.

• Maintain and be responsible for a personally-deliverable Brokerage Income and volume budgets

• Evaluate market prices, volatility and trends and ensure clients receive the best rate available.

• Be familiar with a variety of the market concepts, practices, and procedures.

• Interface with market participants to obtain context for asset price movements and performance trends.

• Maintain constant contact with a range of relevant market individuals and organizations to identify buyers and sellers, facilitate price discovery and create the necessary liquidity for deals to be sealed.

• Prepare presentations, set up meetings; aggressively seek out and onboard new clients for the brokerage business.

• Keep a tab on market players and information flows to ensure you are on top of new developments.

• Maintain and build valuable and trusted relationships with your clients.

Requirements

• A first-degree qualification in science and other related fields.

• Minimum of 5 years of professional working experience in the securities markets.

• Professional certifications such as the Chartered Financial Analyst (CFA) is a plus.

• Experience in executing on a broad range of fixed income instruments.

• Demonstrated ability to create sales/relationship opportunities with clients, prospects and consultants in assigned market segments.

• Must have excellent presentation skills and in-depth product and broad investment knowledge.

• Experience covering key clients and developing key relationships.

• Ability to quickly comprehend and filter complex information. This is often required within a short timeframe, as clients will generally look to you for input on a wide range of topics, some of which will be time-sensitive and may be confidential.

• Ability to effectively collaborate and contribute positively to a team.

• Desire and aptitude for learning new concepts on the job.

Salary: N11m- N15m pa gross

Method of Application: Interested and qualified candidates should forward their CVs to careers@worknigeria.com using the job title as the subject of the emaiL