Head of trading (Interest Rate Swap) - Established Bank

Hong Kong Permanent HK$100,000 - HK$130,000 per month (HK$1,200,000 - HK$1,560,000 per year)
  • Implement effective trading strategies for interest rate swap products
  • Manage trading risks associated with interest rate swap positions

About Our Client

Established bank with strong global market desk covering FX, Rates, Options, etc. and also corporate banking business.

Job Description

  1. Trading Strategy Development: Develop and implement effective trading strategies for interest rate swap products, considering market trends, risk appetite, and business objectives.

  2. Trade Execution: Execute interest rate swap transactions efficiently and accurately, ensuring compliance with regulatory requirements and internal policies.

  3. Risk Management: Monitor and manage trading risks associated with interest rate swap positions, including market risk, credit risk, and liquidity risk. Collaborate with the Risk team to develop and implement risk mitigation strategies.

  4. Team Leadership: Lead and mentor a small team of traders, providing guidance, support, and performance feedback. Foster a collaborative and high-performance culture within the team.

  5. Collaboration with Legal and Compliance: Work closely with the Legal and Compliance teams to ensure adherence to regulatory requirements and internal policies governing interest rate swap trading activities. Provide input and guidance on legal and compliance matters related to trading.

  6. Market Analysis: Stay informed about the latest market trends, economic indicators, and regulatory changes impacting interest rate swap products. Conduct market research and analysis to identify new trading opportunities and optimize existing trading strategies.

  7. Relationship Management: Build and maintain strong relationships with counterparties, brokers, and other market participants. Negotiate terms and conditions for trading transactions and develop strategic partnerships to enhance trading capabilities.

  8. Performance Monitoring and Reporting: Monitor the performance of interest rate swap trading activities, track key performance indicators, and prepare reports for senior management. Provide insights and recommendations to optimize trading performance and profitability.

The Successful Applicant

  1. More than 15 years of experience in interest rate swap trading, with a strong understanding of market dynamics, pricing models, and trading strategies.

  2. Proven experience working collaboratively with Legal, Compliance, and Risk teams on global management products.

  3. Previous experience in a leadership role, managing a small team of traders.

  4. In-depth knowledge of regulatory requirements governing interest rate swap trading, including derivatives regulations and compliance frameworks.

  5. Strong analytical and quantitative skills, with the ability to analyze complex financial data and market information.

  6. Excellent communication and interpersonal skills, with the ability to build and maintain relationships with internal and external stakeholders.

  7. Demonstrated ability to make sound decisions under pressure and manage risk effectively.

  8. Proficiency in relevant trading platforms, risk management systems, and financial software.

What's on Offer

Good culture in an established firm

Hayley Law
Quote job ref
Phone number
+852 3412 4814

Job summary

Banking & Financial Services
Accountancy & Finance
Financial Services
Hong Kong
Job Type:
Consultant name
Hayley Law
Consultant phone
+852 3412 4814
Job Reference

Diversity & Inclusion at Michael Page

We don't just accept difference - we celebrate it. We encourage applicants from all backgrounds to apply for this role and are committed to building inclusive, diverse workplaces where everyone can thrive. If you require any support or reasonable adjustments during the recruitment process, please let us know.