Head Fixed Income Trading in Lagos, Nigeria

at Stanbic IBTC Bank

Banking / Financial Services
Minimum Qualification
Bachelor's Degree
Required Experience
5 - 7 years
Employment Type
Full Time
Male or Female
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Job Description

Standard Bank values original thinkers with genuine insight and the team commitment that will help our clients outperform the market. As Africa’s largest and most respected bank, our Global Markets division offers you an outstanding opportunity to rapidly develop your banking talents. You will work across a range of financial instruments, operating within very different markets and countries.Our ambitious plans now mean we are looking for a highly experienced Fixed Income Trader.

Position Description.

Control and co-ordinate the bank’s Fixed Income positions created by sales and purchases to and from interbank and clients and manage the resulting market risk positions profitably and within agreed proprietary trading limits.



1. Market Knowledge (economic fundamentals)

• Need to keep up to date with current global developments, including economical & political
• In-depth knowledge of Dealing Systems and functions
• Up to date knowledge of Treasury and Fixed income Products
• Self-development and keeping up to date with latest market developments and technology

2. Manage & Execute trading book/Managing & trading risk

• Develop and implement Fixed Income trading strategies in order to achieve agreed trading revenue
• Management of positions by either accessing the primary or interbank market  to neutralise positions or running proprietary risk within limits signed off
• Anticipate and be alert to market related activities and changes
• Base decisions on short term and long term implications
• Act promptly to resolve problems that may arise
• Monitor movement and interest rate risk on bond holdings
• Monitor fixed Income positions and deciding when to trade
• Need to make instant decisions on fixed income rates quoted  interbank and clients (via Corporate Dealers)

3. Maximise profit for shareholders

•   Speculative trading and daily trading of fixed income positions within limits to maximize profits

4. Interbank and stakeholder interfaces

• Continuous contact with the interbank market – in-country as well as with the Stanbic IBTC network
• Business development and networking internally and externally
• Communicate with all dealing room staff and relevant stakeholders within the bank.
• Prompt response to information requests from both external sources as well as Standard Bank / Stanbic Treasuries.



Required Skills and Qualifications


•  A minimum of first degree or its equivalent (additional qualification or degree in any business related discipline would be an added advantage)


Understand the principles and practice of fixed income products and markets and an intermediate understanding of other treasury products.

A good understanding of macro economics and current economic trends

A good appreciation and knowledge of Risk management, covering Operational Risk, Market Risk and Credit Risk

Treasury and Banking background

At least 5 years experience in fixed income trading / dealing

Computer literacy

Mathematically inclined




Excellent written, verbal and interpersonal communication skills

Determination to succeed

Ability to work under pressureØ writing and reasoning skills

Team player



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