Position Description
We are hiring an experienced trading specialist in Asset Backed Securities (ABS) who will function as part of the FICC Structured Finance team based in Hong Kong focusing on deal participation and off the run ABS securities trading in the Asia Pacific time zone.
The ABS trader will participate with external and internal stakeholders in deal reviews, guiding on collateral diligence, deal pricing and their potential secondary market trading dynamics. For the prescribed ABS trading markets on focus, the Trader is expected to understand the factors driving the pricing of off the run ABS securities in order to gain principal trading profits.
Key Areas of Responsibilities
- ABS Trading: Carry a specific risk limit and mandate in investing/trading ABS securities and bear PnL responsibilities. Monitor market trends and analyze data to identify potential trading opportunities in global RMBS, ABS, CLOs, particularly in European and Australian markets.
- Bespoke Asset-Backed Securitization: Use trading experience and quantitative skills to carry out quantitative assessments and contribute to a range of private ABS or structured credit /securitization projects. Engage in special projects to support new business generation
- Lifecycle Support: Provide support in the monitoring, valuation, corporate actions, and portfolio adjustments throughout the lifecycle of structured products, based on client requests.
- Cross-Unit Collaboration: Actively work with other business units within CITICS and CLSA group to enhance cross-selling opportunities and deal execution.
Requirements
- Educational Background: Master's degree in economics, finance, quantitative finance, or other related quantitative fields from a globally recognized top university.
- Professional Experience: Minimum of 5 years of full-time relevant experience trading Asset Backed Securities (eg CLO, RMBS, Consumer Credit, etc.) at a reputable institution. Candidates with buy-side ABS trading experience will also be considered. Has specialization in the Asia Pacific regions securitization markets (eg Australian consumer credit.
- Trading Performance: Candidate must demonstrate own PnL performance over a 2 to 3 year period of trading in a specific ABS segment for the AD level and 5 years+ for the Director level.
- Analytical Skills: Strong numerical and logical abilities with a solid background in quantitative analysis. Have working and detailed knowledge of CLOs and Securitized Products. Intex knowledge is required.
- Track Record: Demonstrated history of principled, responsible, and self-disciplined behavior, with strong teamwork, leadership, problem-solving, and deal-making skills.
- Interpersonal Skills: Excellent interpersonal and communication skills, capable of building bridges with knowledge and charisma and strong interest in client contact (there could be significant interactions with corporate clients, other broker dealers as well as members of the general investor community).
- Work Ethic: Results-oriented, dedicated, and hardworking, able to work independently while under pressure. Must deliver on time with a high level of integrity, flexibility, sense of urgency, attention to detail, and adherence to quality standards.
- Language Proficiency: Fluent in written and spoken English. Proficiency in Mandarin and/or Cantonese is a plus.
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