Junior Derivatives Trader

Who are we?

Sanlam Financial Markets (SFM) is the business unit in Sanlam Group responsible for managing shareholder credit, market, and liquidity risks, developing balance‑sheet enabled products, and creating solutions to optimise Sanlam’s balance sheets to generate shareholder value. SFM works closely with the Balance Sheet Management function to assist in optimising returns on the Sanlam balance sheet.

Assist in executing and managing bond forward transactions to support liquidity, funding, and collateral optimisation. 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 look to improve and diversify sources of funding and liquidity available in the markets.

• 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 optimisation of collateral for repo transactions (Initial 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 counter party exposure and adhere to credit limits.
  • Ensure compliance with regulatory requirements and internal risk policies.
• 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.

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