Macro Strategist

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The Marco Strategist is a key member of the Global Asset Class Specialists (GACS) team responsible for bridging the gap between dynamic market factors impacting short-term moves in Rates and FX markets and fundamental longer-term outlook as reflected in Julius Baer House Views and Forecasts, to come up with shorter term tactical forecast.

The role requires an understanding of products, especially derivative product pricing components, as the objective would be highlighting actionable trade ideas on currencies and rates using both the longer-term House views and the tactical FX and Rates views, specially by augmenting it with relative value curve, skews and other market imperfections.

Further, the individual shall work closely with GACS team and trading desks globally to help identify shorter term tactical plays that supplement Specialist recommendations and then to use internal/external forums to be able to effectively communicate to Front Representatives, Investment Advisors, and clients.

The Macro Strategist reports to the Head of PB Sales (Asia & Middle East).

N.B: For the avoidance of doubt, any reference to function/team in this document refers to Private Banking Sales (Asia & Middle East).

YOUR CHALLENGE

People management

• Contribute to the strengthening of the team spirit and the fostering of a collaborative work environment
• Build highly impactful relationships with global and regional stakeholders across functions in the Bank

Client management (internal & external)

• Work closely with Sales, especially for Ultra High New Worth (UHNW) clients, towards suggesting portfolio hedges and also selectively travel to other locations to pitch ideas to clients and prospects
• Augment the Bank’s directional views, with more compelling depth/ideation from external Investment Banks for complimentary and more in-depth narratives
• Partner actively with a few selected Investment Banks which have strong macro research
• Present curated market ideas and product variants in key global forums internally while also actively marketing the ideas in specific FX sales team huddles
• Collaborate with Product Development and Trading Desks globally to customise offerings relevant to regional client behaviour
• Conduct periodic market updates and educational workshops for Front Representatives, Investment Advisors and Sales
• Liaise with Marketing and Communications team to develop targeted content highlighting Macro capabilities and recent successes
• Represent the Bank at selected industry events and client forums to strengthen brand positioning in FX & PM

Business management

• Support the team’s financial and strategic objectives and operational goals, driving business outcomes and results
• Identify opportunities to enhance functional efficiency and productivity, proposing process improvements and workflow optimisations, where relevant/appropriate
• Conduct deep-dive analysis into global interest rate complexes (Bonds, Swaps, Money Markets) and term structure dynamics
• Monitor and forecast trends in FX markets and Precious Metals (Gold, Silver, Platinum), identifying correlations and regime shifts
• Actively track strategist/macro research coverage from large IBs – special focus on identifying and constantly monitoring specific IBs, with strong coverage of parts of the global FICC markets, G10/Precious Metals/Rates/Asian Macro

Regulatory responsibilities &/or risk management

• Meet all legal, regulatory, and compliance standards/requirements
• Adhere to the standards and expectations outlined in the relevant user manuals and guidelines
• Demonstrate appropriate values and behaviours including, but not limited to standards on honesty and integrity, due care and diligence, fair dealing (treating customers fairly), management of conflicts of interest, competence and continuous development, adequate risk management, and compliance with applicable laws and regulations

YOUR PROFILE

Personal & social

• Able to effectively manage internal and external stakeholders from diverse backgrounds in a highly articulate and professional manner
• Client-centric approach for all deliverables
• Strong interpersonal skills, empathic personality, charisma, and power of persuasion
• Open and approachable as well as displaying genuine interest in people
• Able to quickly troubleshoot problems and provide effective solutions
• Strong ability for planning, organising, and communicating a clear vision
• Good judgement and ability to work under pressure

Professional & technical

• Minimum of 10–15 years of experience as a Macro Strategist or a combination of Macro sales/trading/structuring, ideally most of it on the sell side
• Degree in finance, Economics or a related field; very strong quantitative focus and advanced qualifications (CFA, CAIA, FRM) highly desirable
• In-depth understanding of derivatives (vega, gamma, carry, skew)
• Excellent communication and presentation abilities (both verbal and written), with fluency in English; Mandarin / Cantonese would be a distinct advantage
• Strong analytical skills with proficiency in data and analysis using Bloomberg, Reuters etc

Regulatory

• HKMA/SFC licensed representative
• Familiarity with regulatory expectations and requirements
• Understanding of cross border rules and regulation

*MRC IN-SCOPE POSITION

This is an in-scope position under the Mandatory Reference Checking Scheme (MRC Scheme) whereby applicants will be required to undergo reference checks from previous/and or current employers (Authorized Institutions) covering the past seven years.

MRC Scheme is a standardized reference-checking arrangement that is designed to support the integrity of “authorized institutions” regulated by the Hong Kong Monetary Authority (HKMA). At a high level, the MRC Scheme requires an In-Scope Institution intending to hire an individual for certain relevant positions to conduct a mandatory reference check on that individual, by requesting information about them from each relevant former and current employer.

For more information, please visit Mandatory Reference Checking Scheme Phase 2 | The Hong Kong Association of Banks . A copy of FAQs for In-Scope Individuals is available upon request.

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