Junior Derivatives Trader

Who are we?

Sanlam Financial Markets (“SFM”) is the business unit in Sanlam Group that is responsible for managing shareholder credit, market, and liquidity risks, developing balance-sheet enabled products, and developing solutions to optimize Sanlam’s balance sheet(s) to generate shareholder value. SFM works closely with the Balance Sheet Management function of Sanlam to assist the Balance Sheet Management Function in its pursuit of optimising returns on the Sanlam balance sheet.

Role Purpose

Assist in executing and managing bond forward transactions to support liquidity, funding, and collateral optimization. Ensure accurate trade capture, risk monitoring, and compliance with internal policies and regulatory requirements. Work alongside a team of derivative traders managing interest rate, fx, equity risks on the balance sheet, providing market analysis and commentary where required. Actively looking to improve and diversify sources of funding and liquidity available in the markets.

Key Responsibilities?

• Trade Execution:
  • Support senior traders in executing repo and reverse repo transactions (bond forwards) in government bonds and other eligible securities.
  • Monitor market conditions and assist in pricing repo (bond forward) trades.
• Collateral Management:
  • Ensure proper allocation and optimization of collateral for repo transactions. (Both with regards Initial margin and variation margin)
  • Work closely with the collateral team to track movements and maintain accurate records.
• Risk & Compliance:
  • Assist in monitoring risk exposures within allocated limits
  • Monitor counterparty exposure and adhere to credit limits.
  • Ensure compliance with regulatory requirements and internal risk policies.

Key Responsibilities Continues

• Operational Support:
• Capture trades accurately in trading systems.
• Liaise with settlements and back-office teams to resolve discrepancies.
• Market Analysis:
• Assist in preparing daily market commentary and general market analysis.
• Track liquidity trends and funding costs.

Minimum Requirements

• Bachelor’s degree in Finance, Economics, or related field.
• 0–2 years of experience in trading, treasury, or financial markets (internship experience acceptable).

Core Competencies

• Cultivates Innovation – Creating new and better ways for the organisation to be successful.
• Client focus – Building strong client relationships and delivering client centric solutions.
• Drives results – Consistently seizing opportunities and achieving results even under tough `   circumstances.
• Collaborates – Building partnerships and working collaboratively and inclusively with others to meet shared objectives.
• Being Resilient – Rebounding from setbacks and adversity when facing difficult situations

Behavioral Competencies

• Business Insight – Applying knowledge of business and the marketplace to advance the organizations goals.
• Organisational Savvy – Manoeuvring comfortably through complex policy, process, and people-related organizational dynamics.
• Manages Complexity – Making sense of complex, high quantity and sometimes contradictory information to effectively solve problems.
• Plans and aligns – Planning and prioritizing work to meet commitments aligned with organizational goals

Build a successful career with us

We’re all about building strong, lasting relationships with our employees. We know that you have hopes for your future – your career, your personal development and of achieving great things. We pride ourselves in helping  our employees to realise their worth. Through its five business clusters – Sanlam Fintech, Sanlam Life and Savings, Sanlam Investment Group, Sanlam Allianz, Santam, as well as MiWay and the Group Office – the group provides many opportunities for growth and development.

Turnaround time

The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers. 

Our commitment to transformation