Fixed Income Trader - Asset Management (AVP/VP)

The Opportunity

We are partnering with an asset manager to hire a Fixed Income Trader at AVP or VP level. This is not a pure execution role. You will be embedded within the central dealing team as a strategic partner to the portfolio management team, responsible for generating trade ideas, delivering market intelligence, and managing the full fixed income trading function across a broad range of instruments.

If you are a credit or fixed income trader who wants to move beyond flow execution and contribute to investment outcomes, this is worth an application.

What You'll Do

Trading & Execution

1. Trade across a wide fixed income universe: cash bonds, repos, CDS/CDX, interest rate derivatives, FX, futures, structured products and convertible bonds.
2. Ensure best execution on all orders while minimizing market impact and trading costs, maintaining rigorous trading discipline at all times.

Alpha Generation & Market Intelligence

1. Proactively generate trade ideas across duration, beta and FX positioning to support the investment team's strategy.
2. Monitor macro developments, market liquidity, technical trends and credit market dynamics, translating these into actionable insights for portfolio managers.
3. Act as the investment team's front-line market intelligence resource, not just their order desk.

Primary Market (New Issue)

1. Manage the full new issue process: terms review, order book maintenance, order submission, allocation tracking and settlement.
2. Assess fair value and order book dynamics independently, providing a clear view on new issue attractiveness and supporting negotiation with the sell-side to improve allocation outcomes.

Counterparty & Relationship Management

1. Build and maintain strong working relationships with banks and brokers across the credit and rates markets.
2. Maintain strict confidentiality of investment strategies, positions and trading intentions at all times.

Multi-Asset & Liquidity

1. Deepen expertise across MBS, CDS, FX and structured solutions, providing cross-asset trade recommendations with clear cost/risk/execution analysis.
2. Monitor portfolio cash levels and deploy idle cash efficiently into repos, money market instruments and other high-quality liquidity products.

Candidate Profile

1. 7-12 years of fixed income trading experience, either buy-side or sell-side (credit flow, bond trading, or fixed income sales trading).
2. Strong product knowledge across cash bonds, credit derivatives, rates and/or structured products; prior exposure to Asian credit markets is a plus.
3. A track record of contributing to investment outcomes beyond execution: generating trade ideas, assessing new issue value, or providing market colour to PMs.
4. Primary market experience (new issue bookrunning, order management or allocation analysis) is highly valued.
5. Sharp analytical mindset with strong market intuition; comfortable forming and defending views.
6. Excellent communication skills; able to convey complex market information clearly and concisely to portfolio managers and senior stakeholders.
7. High integrity, meticulous attention to detail and a strong compliance mindset.
8. Bachelor's degree or above in Finance, Economics, Mathematics, Engineering or a related discipline; CFA or FRM is a plus.
9. Strong command of English, Mandarin and Cantonese.