Job Description

Who is Futuregrowth?

Futuregrowth has been South Africa's leading developmental, responsible and fixed-income investor for over 25 years. We manage a range of fixed interest and development funds and play a key leadership role in the South African asset management industry. We are committed to investing our clients' funds in a responsible manner, with the interests of our clients always coming first.

Purpose of the position

The successful incumbent will play a leading role on the Dealing Desk, monitoring markets, effectively executing deals, and developing and implementing derivative and other strategies to generate additional alpha for the ultimate benefit of the clients invested in Futuregrowth's funds.

Key responsibilities of the position

1. Executing deals (money market, capital market, derivatives, credit assets, forex, foreign bonds);

2. Researching, developing and implementing derivative strategies for the range of funds under management;

3. Analysing market liquidity to understand the spread and yield curves;

4. Keeping abreast of economic and market developments and data releases to timeously assess the possible impact on various funds;

5. Negotiating and implementing ISDA (International Swaps and Derivatives Agreement) and GMRA (Global Master Repurchase Agreement) arrangements with counter-parties;

6. Maintaining the deal book;

7. Administrating deals completed, including specialised asset administration;

8. Calculating and maintaining yield curves (government, zero coupon, swap curves);

9. Developing risk monitoring tools for all instruments traded;

10. Monthly client reporting (as part of a team);

11. Monitoring and managing broker/counter-party relations;

12. Monitoring and analysing the financial market and market view;

13. Bringing market/investment views forward at investment team forums and meetings

14. Assist in monitoring money market portfolio cash flows, and maintenance/improvement of risk monitoring dashboards

15. Developing valuation spreadsheets for new instruments; and

16. Assisting in projects that build operational controls and efficiencies on the dealing desk, including technology implementation.

Knowledge and experience required

o Good experience in an asset management environment (including experience in dealing, research and understanding the general principles of Fixed Income Portfolio Management) and/or a banking treasury trading environment; and

o Experience with instrument range across the fixed income spectrum, including derivatives and structured products.

Technical/professional qualifications:

o A tertiary qualification, with a focus on financial or mathematical subjects; and

o A postgraduate qualification or study towards one would be advantageous (e.g. Honours degree, CFA).

Key behaviours and competencies:

o Critical thinking and sound investment judgement;

o Collaboration and teamwork;

o Adaptability;

o Coping with stress in a high pressure environment;

o Self-motivation;

o An ability to synthesise multiple information sources to form an investment view that is motivated by evidence and facts;

o An ability to work with incomplete information and a changing economic and investment environment;

o Display drive, purpose and initiative;

o Learning agility (curiosity and willingness to learn);

o Excellent planning and organising skills;

o Integrity;

o Negotiation skills;

o Attention to detail; and

o A good understanding of at least one programming language.

Recruitment process

Selected candidates will need to attend a series of competency-based interviews/ activities

and a psychometric assessment.