Fixed Income Dealer

Employer
M&G plc.
Location
Singapore, Singapore
Salary
Competitive
Posted
16 Sep 2022
Closes
16 Oct 2022
Ref
16425758
Job Function
Other
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
We know that an inclusive environment makes us more accessible and ensures we attract, engage, promote and retain exceptional people. We welcome applications from all individuals regardless of age, gender/gender identity, sexual orientation, ethnicity/nationality, disability, or military service and welcome those who have taken career breaks. We will consider flexible working arrangements or home working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectively deliver in your role.

What you can expect from us:
We are committed to creating an environment where you can be exceptional at all you do. To help us deliver this, we promise to:
  • Challenge Your Limits by creating a stimulating working environment and providing opportunities for you to be involved in meaningful and challenging work
  • Support Your Aspirations with a commitment to learning and development that helps you achieve and build your experience with people who want you to succeed
  • Value Your Input whereby leaders and managers will involve you in key decisions, listen to your thoughts and recognise the important contribution you make
  • Balance Your Life through a work life partnership that focuses on making this an inclusive, diverse and friendly place to work and offers the flexibility and support that enables everyone to be at their best

The Role:

The successful candidate will be responsible for achieving best & timely execution for fixed income securities / products both in USD an Asian local currencies for the M&G funds as part of the Asian Fixed Income Dealing team. The candidate will ensure that all trades are executed in a timely and orderly manner, that best execution is achieved, and that allocations are fair, that dealing errors and breaches are minimised. The candidate will be maintaining relationships with internal and external stakeholders including Counterparties and ensuring that Counterparty risk limits are not breached. Being part of the Asian Fixed Income Dealing team, the candidate will be measured by the dealing performance which is born out in overall fund performance. The candidate will also be deputising for other dealers or Dealing Desk Analysts (DDA) to ensure sufficient cover is in place. The candidate will ensure that the Desk controls, internal guidelines and MAS regulations are adhered to.

Key Work Level Accountabilities:

Manager or Expert:
  • For people managers, accountable for managing and motivating others to ensure quality of delivery to customers and stakeholders
  • For technical specialists, accountable for delivering expert advice or service, using specialist knowledge and subject matter expertise
  • Applies judgement to deliver outcomes, evaluating a range of potential solutions, considering the impact for customers, cost and risk
  • Manages conflicts that may impact delivery
  • Challenges upwards given knowledge of delivery and awareness of complex systems and the broader picture
  • Identifies and anticipates need for changes to continuously improve quality and efficiency of output
  • Manages resources and risks using expert judgment, know-how and experience

Key Responsibilities for this role:

Dealing Responsibilities:
  • Ensuring that all trades are executed in a timely and orderly manner, that best execution is achieved, and that allocations are fair.
  • Understanding of local TCA activities utilizing BTCA & BestX reporting.
  • Maintaining relationships with internal and external stakeholders including Counterparties and ensuring that Counterparty risk limits are not breached.
  • Ensuring that all trades are entered correctly into the trading system or paper tickets, all errors are reported and trade data around best execution is recorded.
  • Ensure Fund managers are challenged when correct dealing procedures are not followed.
  • Ensuring the escalation of all operational concerns to senior management (incl., but not exclusively relating to: Conflicts, TCF, suspicious trading activities etc.
  • Ensuring internal guidelines and MAS regulations are adhered to.
  • Ensuring that actions are in accordance with M&G's Business Principles and with the Regulators principles on good conduct and market integrity.
  • Ensure that our customers are treated fairly.
  • Ensure dealing errors and breaches are minimised.
  • Ensure key risks and operational concerns are escalated to the management team.

General Responsibilities:
  • Having a good understanding of the key measurements and key risk and controls of the Dealing function.
  • Provide input into the TERF meetings and contribute to the Hit Ratio% analysis etc.
  • Regular reporting such as Quote Exceptions and Timely Execution Exceptions.
  • Having a good understanding and adhere to the Desk controls.
  • Provide inputs to regular report & statistics production for the Trade Execution Review Forums and Dealing Management Committee.
  • Work with management to improve processes, customer outcomes, ensuring risks are understood and controls are appropriately applied.

Key Knowledge, Skills & Experience:

The successful candidate should be a self-starter who has the ability to use their own initiative and work with individuals across different teams in the organisation.

Required:
  • Demonstrable track record and experience on Fixed Income dealing
  • Fulfil regulatory requirements
  • Good communication skills, both written and verbal, and able to liaise effectively with personnel at all levels.
  • A understanding of Fixed Income investment products and the asset management industry.
  • High level of accuracy and attention to detail.
  • Bright, enthusiastic and proactive. Due to the nature of the role, a self-starter is essential.
  • P.C. literate and able to work effectively under pressure and to tight deadlines.
  • Demonstrable experience on developing and maintaining relationships with key internal and external contacts.
  • Good team player with flexibility and ability to prioritise and organise multiple concurrent activities.

Desired:
  • Understanding of risk and control within the asset management industry.
  • Experience of maintaining procedural documentation.
  • Knowledge of asset classes (Fixed Income, Equities, FX and Derivatives)
  • Professional qualifications, such as IMC or CFA etc
  • Previous knowledge / use of Aladdin.
  • Experience of managing complicated processes with a focus on risk reduction, standardisation and automation.


We live by four behaviours at M&G and we ask all our employees to:
  • Inspire Others - Support and encourage each other, creating an environment where everyone can contribute and succeed
  • Embrace Change - Be open to change, willing to be challenged and able to adapt quickly and imaginatively to new ideas
  • Deliver Results - Focus on outcomes, set high standards and deliver with energy and determination
  • Keep it Simple - Cut through complexity and bureaucracy, be clear and decisive and never overcomplicate things

At M&G Diversity and Inclusion is a strategic objective. We know that an inclusive environment makes us more accessible and ensures we attract, engage, promote and retain exceptional people. We welcome applications from all individuals regardless of age, gender/gender identity, sexual orientation, ethnicity/nationally or disability.

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