Fixed Income Trader

Company Description

Rizal Commercial Banking Corporation (RCBC) is one of the leading private domestic banks in the Philippines. With 60 years of experience in the banking industry, RCBC is a pillar of the community, providing a wide range of financial services to its customers. At RCBC, we continue to innovate and shape the future of our communities, families, and generations to come.

RCBC Trust Corporation is the Stand Alone Trust Corporation of the Yuchengco Group of Companies (YGC) which is largely held by PSE listed companies RCBC and House of Investments (HI). Key products and services include Investment Advisory, Estate Planning, Corporate Trusts and Agency Services, UITFs, directed and discretionary Investment Management Accounts (IMAs), Personal Management Trusts (PMTs), Retirement Fund Management, and Life Insurance Trusts among others.

Role Description

This is a full-time hybrid role for a Trader based in Makati, with flexibility for limited remote work weekly.

The Trader will be responsible for day-to-day execution of trade transactions of RCBC Trust Corporation. They will receive the majority of trade instructions from the portfolio management divisions and will be expected to canvass rates/prices then execute trades in a timely and strategic manner with the counterparts of the institution.

The Trader may also have a number of UITFs / discretionary portfolios. They are responsible for ensuring transactions are encoded in the system and aligned with the risk parameters and regulatory restrictions of the account and must aim for competitve returns against their benchmarks.

The position requires candidates to be experienced finance professionals, ideally at least 5 years in Trust banking and related fields in investment management. Candidates without experience managing financial assets need not apply.

The range of the position's rank is assistant manager to manager level with the final offer dependent on the candidate's experience and subject to the approval of HR and management. Candidates looking for executive level openings need not apply.

Responsibilities

Coordinates with Division Head in analyzing movements in bond prices, interest rates and exchange rates and identifies possible opportunities and provides regular updates and analysis to portfolio managers, if needed.

Regularly does extensive client presentations to discuss account movements, market updates, and fund strategies.

Manages specific UITFs and discretionary fiduciary accounts. Aims for competitive returns on managed funds. Ensure cash are maintained at minimum for UITFs. Efficiently services queries and executes trades if needed from investment portfolio managers handling directed accounts.

Helps canvass rates offered by other financial institutions for money market placements, time deposits, Treasury bills, government securities, bonds, equity shares, promissory notes, ETFs and other instruments and offers these to the portfolio managers if needed.

Researches and analyzes potential investment outlets for the trust accounts and provides recommendations to the Division Head

Looks for alternative investment outlets and counterparts which would enhance the yield of clients within system set parameters.

Ensures that the best execution practices are consistently observed

Aims for competitive returns vs benchmark on managed accounts

Accepts and executes orders for investments from portfolio managers and inputs or uploads done transactions in the Trust system for Operations' processing.

Ensures compliance with Trust systems' set limits, internal policies and regulatory restrictions.

Ensures that the Basic Standards of Trust as prescribed by the BSP are complied with in performing fund management and trading activities

Ensures compliance with internal policies and regulatory requirements in handling investment transactions

Supervises and provides training and guidance to Junior TTD Traders in handling various types of transactions, trouble shooting and proper compliance with prescribed procedures, limits and guidelines

Reports critical problems to Division Head.

Maintains constant rapport and interaction with accredited counterparties and stockbrokers for timely market information.

Keeps abreast with updates on BSP policies as stipulated in the Anti Money Laundering and Terrorist Financing Prevention Program (MLPP) through circulars, required seminars/programs and adheres to said policies and ensures strict implementation and consistent compliance thereto.

Ensures compliance with the bank's policies as well as various banking laws and regulations to achieve satisfactory audit rating.

Performs administrative functions and other responsibilities that may be assigned, including employee performance monitoring and appraisals.

Qualifications

Bachelor's / Master's degree in Economics, Finance, or Industrial Management Engineering.

Completion of the Trust Certification course, money market / treasury certification, KYC/AMLA, or similar certifications (CMT, CFA, FRM, CIPM, CAIA) preferred

Strong working knowledge of various investment markets and products (i.e. money market, equities, bonds, deposits, foreign exchange, derivatives)

Industry / Work Experience Required: At least five (5) years industry experience in Trading, Investment Management, Treasury, Investment Banking, etc.

Analytical skills, including the ability to interpret complex financial data and market trends

Excellent communication and interpersonal skills with the ability to maintain strong relationships with internal and external clients