Interest Rate Exotics and Hybrids Trader (VP)

Job description

WHO WE ARE: As Singapore’s longest established bank, we have been dedicated to enabling individuals and businesses to achieve their aspirations since 1932. How? By taking the time to truly understand people. From there, we provide support, services, solutions, and career paths that meet their individual needs and desires. Today, we’re on a journey of transformation. Leveraging technology and creativity to become a future-ready learning organisation. But for all that change, our strategic ambition is consistently clear and bold, which is to be Asia’s leading financial services partner for a sustainable future. We invite you to build the bank of the future. Innovate the way we deliver financial services. Work in friendly, supportive teams. Build lasting value in your community. Help people grow their assets, business, and investments. Take your learning as far as you can. Or simply enjoy a vibrant, future-ready career. Your Opportunity Starts Here. Why Join As a key member of our Global Markets team, you'll play a critical role in shaping investment strategies for our clients. You'll work closely with our portfolio managers to develop and implement asset allocation and overlay solutions that meet their unique needs. This is a challenging and rewarding role that requires a deep understanding of financial markets and a passion for delivering exceptional results. How you succeed To succeed in this role, you'll need to stay ahead of the curve in terms of market trends and developments. You'll work closely with our research team to identify opportunities and risks, and develop strategies that balance risk and return. You'll also need to build strong relationships with our portfolio managers and other stakeholders to ensure that our solutions meet their needs. What you do Trading & Risk Management Manage a proprietary and client-driven portfolio of interest rate derivatives, exotics, and hybrid products (FX, rates, credit and equities). Actively manage market risks including: Delta PV01/DV01/CS01 Vega Gamma Cross-gamma Correlation risk Convexity risk Basis risk Monitor and optimize risk-adjusted returns within approved limits and risk appetite frameworks. Perform scenario analysis, stress testing, and tail-risk assessments. Ensure adherence to regulatory requirements, internal policies, and market risk limits. Market Making & Pricing Provide competitive pricing for: Interest rate options CMS/CMT products Bermudan Callable structures Range accruals across rates, FX, equities, and credit linked Rates-linked hybrid products (Rates, FX, Credit and Equities) Manage portfolio risks efficiently. Develop pricing strategies across multiple volatility surfaces and yield curves. Structured Solutions & Product Innovation Partner with Structuring and Sales teams to design bespoke solutions for clients. Develop hybrid solutions incorporating rates with: Rates and Foreign exchange products Credit derivatives Equity-linked features Identify emerging market opportunities and create innovative investment and hedging solutions. Market Analysis Monitor macroeconomic developments, central bank policies, rates markets, and volatility trends. Generate trading views and implement strategies across: Yield curve Volatility Relative value Cross-market opportunities Assess the impact of monetary policy developments on trading positions and client activity. Stakeholder Management Work closely with: Sales teams Structuring desks Quantitative analytics teams Market Risk Finance Operations & Technology Support client engagements and contribute technical expertise to complex transactions. Mentor junior traders and contribute to desk development. Controls & Governance Ensure accurate trade capture, valuation, and lifecycle management. Participate in model validation reviews and reserve discussions. Support regulatory reporting, audit reviews, and control initiatives. Escalate risk events, limit breaches, and valuation concerns appropriately. Who you are Education Bachelor's degree in Finance, Economics, Mathematics, Engineering, Physics, or related quantitative discipline. Master's degree or advanced quantitative qualification preferred. Experience Typically 5 to 10 years of relevant experience in Rates Trading, Exotics Trading, Structured Products, or Derivatives Trading. Demonstrated track record managing a rates options and/or exotics portfolio. Experience covering G10 and Asian interest rate markets. Strong understanding of structured derivatives and volatility trading. What we offer: Competitive base salary. A suite of holistic, flexible benefits to suit every lifestyle. Community initiatives. Industry-leading learning and professional development opportunities. Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.