We are seeking a highly skilled and experienced Rates Trader with a focus on developed markets to join a dynamic and fast-growing hedge fund. The ideal candidate will have a successful track record of trading in interest rates across major developed markets and possess expertise in macro trading strategies. You will play a pivotal role in generating and executing high-conviction trades, utilising both discretionary and systematic approaches to capitalise on market inefficiencies/trends.
Candidates with experience from multi-strategy hedge funds or investment banks are encouraged to apply.
Key Responsibilities:
- Market Coverage: Actively trade interest rate products across developed markets, including (but not limited to) the U.S., Europe, and Japan.
- Trading Strategy: Develop and implement macro-driven interest rate strategies, including directional, curve, spread, and relative value trades.
- Risk Management: Maintain a disciplined approach to risk-taking, continuously monitoring and adjusting positions in response to changing market conditions.
- Market Analysis: Conduct in-depth analysis of global macroeconomic trends, central bank policies, and geopolitical developments affecting interest rates and fixed income markets.
- Collaboration: Work closely with portfolio managers, economists, and other traders to develop a holistic view of the macroeconomic landscape and enhance overall portfolio returns.
- Execution: Execute trades across a variety of products such as government bonds, swaps, futures, and options, ensuring best execution in line with the firm's risk guidelines.
- Performance Monitoring: Track and report performance, providing detailed analysis of returns, risk factors, and strategy effectiveness.
Requirements:
- Experience: 5+ years of experience in trading rates within developed markets, either from a multi-strategy hedge fund or a top-tier investment bank.
- Expertise: Deep knowledge of interest rate markets, fixed income products (bonds, swaps, futures), and macroeconomic drivers.
- Track Record: Proven history of generating consistent, risk-adjusted returns in interest rate products.
- Technical Skills: Proficiency in trading platforms and tools such as Bloomberg, Python, or other quantitative tools used for strategy development and market analysis.
- Risk Management: Strong understanding of risk management principles with experience managing large positions across multiple instruments and jurisdictions.
- Analytical Mindset: Ability to synthesise complex macroeconomic and market information into actionable trading ideas.
- Communication Skills: Strong written and verbal communication skills, with the ability to articulate trade ideas and market views clearly and succinctly.
- Adaptability: Able to thrive in a fast-paced, high-pressure environment while maintaining focus on execution and risk management.
Preferred Qualifications:
- Experience trading in multiple developed markets with exposure to a range of rate products.
- Background in both discretionary and quantitative strategies is highly desirable.
- Established relationships with sell-side counterparties and brokers to ensure competitive market access.
- Advanced degree in Economics, Finance, or related quantitative disciplines.
- Familiarity with regulatory environments and their impact on rates trading.
