Closed listing
Junior Fixed Income Trader
- Toronto, ON, Canada
Full-time
This opening has closed.
The original listing is kept below for reference.
Job details
- Job type
- Full-time
- Posting language
- English
- Posted
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Search current openingsOriginal job description
Archived listing. The details below describe a past opening.
The Opportunity:
Seeking a highly motivated individual to join the investment team in the role of a junior fixed income trader. Our fixed income & credit alternative strategies provide actively managed, global exposures in a non-equity correlated asset class. Our strategies aim to protect against interest rate risk. Guarding against the potential loss of capital that could occur if interest rates rise and, as a direct result, bond prices fall. In addition, we actively manage the credit and geographic exposures of each of our strategies. With a focus on absolute returns and low correlations to equity markets, these strategies form an important part of our clients’ asset mix.
Responsibilities
- Monitor
and work closely with portfolio managers on cash management activities for
fixed income funds as well as required segregated accounts.
- Monitor
day-to day administrative issues in support of trading activities as well
as daily pnl reconciliation.
- Monitor
market activity in global fixed income markets, and pro-actively
contribute views and commentary to enhance the investment process.
- Work
in conjunction with Portfolio Managers/Traders to formulate and recommend
profitable trade ideas for various trading strategies.
- Monitor
risk to ensure that hedging and cash balances are maintained within fund
limits
- Engage
with internal technology and analytics groups to enhance systems,
analytics and trading activity.
Qualifications
- Undergraduate/Graduate Degree(s) in
relevant subject such as Business, Economics, Mathematics, Engineering.
- CFA (or enrollment in program)
and/or CA highly regarded
- Understanding of bond formulas, basics of credit/rate derivatives, macro risk factors and implications for
risk management.
- Exceptional understanding of fixed
income markets and valuation analysis
- Effective communication skills and
demonstrated ability to work with multiple partners and stakeholders
- Positive and efficient approach to market
challenges
- Highly computer literate, with
advanced spreadsheet skills.
- Strong work ethic with high level of
self-motivation and ability to work well within the team environment
More about this job
Responsibilities
The junior fixed income trader will support portfolio managers by monitoring cash, risk limits and daily reconciliation. They will also track global bond markets and help develop trade ideas.
Requirements
Candidates need an undergraduate or graduate degree in a relevant subject, a CFA or CA is highly regarded, and an understanding of bond formulas and fixed income valuation. Strong computer, spreadsheet and communication skills are also required.
Skills
- Excel
- Spreadsheets
- Fixed income markets
- Bond valuation
- Bond formulas
- Credit derivatives
- Interest rate derivatives
- Macroeconomic analysis
- Risk management
- Hedging
- P&L reconciliation
- Cash management
- Market analysis
- Trade idea generation
- Written and verbal communication
- Stakeholder management
- Teamwork
- Self-motivation
Categories
- Finance & Accounting
Keywords
- fixed income trader
- fixed income
- credit
- interest rate risk
- bond trading
- portfolio management
- cash management
- trade reconciliation
- P&L reconciliation
- market analysis
- CFA
- CA
- derivatives
- credit derivatives
- rate derivatives
- risk management
- hedging
- spreadsheets
- Excel
- investment analyst
Seniority
Entry level
Licences and certifications
- CFA
- CA
Languages
- English
Fields of study
- Business
- Economics
- Mathematics
- Engineering