VP, Rates Trading (CNH), Global Markets

Robert Half

  • Hong Kong
  • Permanent
  • Full-time
  • 11 days ago
Job Description:The CompanyOur client is a leading international bank with a strong global footprint and a strategic focus on Asia-Pacific markets. Committed to innovation and growth, the bank is expanding its fixed income and derivatives trading capabilities to capitalize on emerging opportunities in offshore Chinese Yuan (CNH) markets. With a robust presence in Hong Kong and other key financial hubs, the bank offers a dynamic environment for professionals to drive impactful trading strategies while benefiting from a collaborative culture, competitive compensation, and access to cutting-edge technology.The RoleAs a Vice President Interest Rate Trader specializing in Cross Currency Swaps (CCS) involving CNH, you will play a pivotal role in the bank's expansion by executing and managing trades in the offshore Yuan market. Reporting to the Head of Rates Trading, you will contribute to building and optimizing the bank's CNH rates desk, focusing on interest rate-sensitive instruments with a strong emphasis on CCS.Key responsibilities include:
  • Executing and pricing CCS in CNH pairs (e.g., USD/CNH, EUR/CNH), including structuring deals to hedge interest rate and FX risks for institutional clients.
  • Monitoring and analyzing CNH interest rate movements, yield curves, and offshore-onshore spreads to identify trading opportunities and arbitrage strategies.
  • Collaborating with sales teams to provide market insights, develop client solutions, and expand the bank's CNH trading book amid regional growth.
  • Managing portfolio risk through hedging strategies, utilizing tools like CNH Interest Rate Swaps (IRS) and Dim Sum bonds to mitigate exposures.
  • Ensuring compliance with regulatory requirements (e.g., HKMA, PBOC offshore policies) and contributing to the development of trading models and systems.
  • Mentoring junior traders and supporting the team's expansion efforts by onboarding new talent and processes.
This role offers exposure to high-volume trading in a fast-paced environment, with opportunities to influence the bank's strategic direction in Asian fixed income markets.Your ProfileTo succeed in this role, you should be a seasoned professional with a proven track record in rates trading, particularly in CNH-denominated instruments.Essential qualifications and skills:
  • Bachelor's degree in Finance, Economics, Mathematics, or a related field; advanced certifications (e.g., CFA, FRM) are advantageous.
  • 5-8 years of experience in interest rate trading at a reputable international bank or financial institution, with at least 3 years focused on Cross Currency Swaps (CCS) involving CNH.
  • Strong technical expertise in CNH rates products, including pricing CCS, analyzing HIBOR-linked swaps, and managing yield curve strategies in offshore markets.
  • Proficiency in trading platforms (e.g., Bloomberg, Refinitiv) and quantitative tools for risk modeling and scenario analysis.
  • Deep understanding of PBOC policies, Hong Kong's offshore Yuan market dynamics, and global macroeconomic factors affecting CNH rates.
  • Excellent analytical, communication, and client-facing skills, with the ability to thrive in a collaborative, high-pressure environment.
  • Fluency in English; proficiency in Mandarin is highly desirable given the focus on CNH markets.
Apply TodayTo apply online (Word attachment only), please click the 'Apply' button. Please note that only short-listed candidates will be contacted.Reference No. 67010-0013285397By clicking 'apply', you give your express consent that Robert Half may use your personal information to process your job application and to contact you from time to time for future employment opportunities. For further information on how Robert Half processes your personal information and how to access and correct your information, please read the Robert Half privacy notice: . Please do not submit any sensitive personal data to us in your resume (such as government ID numbers, ethnicity, gender, religion, marital status or trade union membership) as we do not collect your sensitive personal data at this time.

Robert Half