Repo Trader

7 days ago


Singapore Millennium Management LLC Full time

Repo Trader

APAC Repo Trader

The Repodesk plays a vital role in the daily Financing, Short-Covering, and Leveraging of the Firm’s Investment Portfolios within its Fixed Income Business. The group trades with Sell-Side participants and manages the Internal/External Balance Sheet exposure while also providing critical market color and insight into the Repo Financing market in order to better support the investment decisions of our Portfolio Managers and FIC Business Management.

The firm is hiring a Repo Trader located in Asia (Tokyo/Singapore) to operate the daily processes of the Repodesk during local hours.

Responsibilities include, but are not limited to:

- Trading and bookings repos for both Sovereign and Credit Bonds (AUD, JPY, NZD, USD, SGD, etc) across various tenors
- Liaising with BO/MO regarding any settlement / booking discrepancies
- Provide real-time market color to Portfolio Managers on the Front End / Repo market
- Actively collaborate with Portfolio Managers regarding their financing and trade ideas
- Maintain and build strong relationships with Sell-Side Counterparts
- Monitor and manage External (Counterparty) / Internal (Portfolio Manager) Balance Sheet usage and metrics

**Required Skills**:
3+ years of experience in Repo market (sales or trading)

Asia based (Tokyo / Singapore preferred)

Knowledgeable of the APAC Sovereign (JGB/ACGB/NZGB) Repo market, with an emphasized focus on JGBs

Fundamental understanding of the JPY Money Market / STIR Complex outside of Repo (AUD/NZD is a plus)

Experience in Asia Credit Repo is a plus but not required

Strong Communication and Leadership skills

Team oriented and comfortable working collaboratively with Portfolio Managers from various trading disciplines

Comfortable taking initiative on innovating / leading local projects and optimizing workflow

Ability to prioritize and time manage

Strong Microsoft Excel Skills (Pivot Tables, Macros, VBA)


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