Fixed Income Team Member
Portfolio Construction and Dealing
Remuneration: Market related – Highly negotiable – Intermediate to Senior level
The successful candidate will join a team of highly skilled investment professionals in managing client investment portfolios to generate exceptional investment outcomes.
The role involves optimally implementing the teams investment strategies and views across portfolios – specifically with regards to the timing, efficiency, costs and consistency of implementation.
The primary responsibilities of the role are:
- Optimal implementation of the Fixed Income Investment strategies and views across portfolios –
specifically with regards to timing, efficiency, trading costs and consistency
- Portfolio construction of fixed income portfolios ensuring funds are aligned to models
- Monitoring daily cash flows and modelling the funds affected
- Liaising with business analysts in respect of model/benchmark maintenance, system upgrades,
discrepancies and amendments
- Liaise with operation’s team with respect to the transition of fixed income instruments, set up of portfolios
and realignment to models
- Production of various Fixed Income reports for the Fixed Income team for example credit exposures,
interest rate risk exposure, etc.
- Liaising with other related areas within the business including:
o Operations regarding static data, trade queries, booking and settlement issues
o Business Support, to ensure that instrument data integrity, including accurate pricing and
correct static data, is maintained
o Compliance and any other areas as required
- Trade execution/dealing and the bookover of the full spectrum of Fixed Income products:
o Cash: placing funds on call, treasury bills, NCD’s, corporate CP and floating rate notes in the
primary and secondary markets
o Bonds: government bonds, parastatal bonds, corporate bonds and inflation linked bonds
o Derivatives: fixed income derivatives (e.g. futures, options and swaps) in both the primary and
secondary markets.
- Affecting the purchase and sales of international fund holdings as well as the associated foreign
exchange transactions would form part of the dealing responsibilities
- Obtaining best execution for all trades timeously as well as capturing these in the front office system
- Maintaining counterparty relationships
- Comply with all dealing and trading related policies, amongst others
- Acting as liaison between Portfolio managers and the marketplace and providing feedback
concerning market developments and the timing of transactions
- Input into the investment decision making process from all members of the fixed income team is
encouraged
o This would include assistance with data collection and model maintenance within the team
o Providing input to client presentations
o Identifying potential market opportunities
Basic job requirements
- Minimum 2/3 years of Fixed Income Portfolio Construction experience within a Fixed Income team or
similar financial institution.
-
Dealing experience within a fixed income team or similar role on either the buy or sell-side would be beneficial.
-
Adept at numerical work, building spreadsheets and organizing data
- Some programming ability would be beneficial
- Able to work as part of a team, to tight deadlines with accuracy under pressure
- Familiarity with all fixed income securities
- Studying towards CFA/FRM or open to studying towards CFA (CFA level 1 would be highly
advantageous)
- RE5 exam would be beneficial
Key competencies required
- Analytical skills
- Proficient with all or some of Bloomberg/Refinitiv Eikon/IRESS(i-net)/CRIMS
- Attention to detail
- Deadline oriented
- Problem solving skills
- Lateral thinking
- Team player
- Organised and able to manage workflow and prioritise as necessary in an environment that can become
stressful
- Self-motivated
- Technical – strong excel capabilities
- Strong numeracy skills
- Able to work independently
Preference will be given to appropriately qualified, previously disadvantaged candidates, in accordance with our client’s commitment to Employment Equity.
Please note: only shortlisted candidates will be contacted.
Desired Skills:
- Fixed Income
- dealing
- porfolio construction