Investment & Hedging Expert - CA Global Group

Job Description:

A leading development finance client of ours, with a strong regional presence, is currently seeking to hire an Investment & Hedging Expert in Riyadh, Saudi Arabia.

The successful candidate will lead the strategy, execution and management of BADEA’s internalized investment portfolios and its hedging framework. They implement the liquidity-led Strategic Asset Allocation (SAA) across the four liquidity portfolios, deliver optimal risk-adjusted returns within capital-preservation mandates, and structure and execute derivative transactions (IRS, cross-currency and FX swaps) to hedge BADEA’s structural currency, interest-rate and tenor mismatches back to its USD/SOFR base within ALM Framework limits.

Responsibilities:

Investment Portfolio Management

• Manage the internally run investment book across the four liquidity portfolios in line with the Liquidity Management Policy and investment guidelines.
• Implement the liquidity-led Strategic Asset Allocation, respecting each portfolio’s role, quality floor and duration band.
• Execute fixed-income strategies across sovereign, supranational, agency and high-grade corporate instruments (and, for the Excess Liquidity Portfolio, broader eligible assets within limits).
• Measure investment performance against the FTP benchmark at duration.

Hedging & Derivatives Execution

• Design, structure and execute interest-rate swaps (IRS) to convert fixed-rate bond issuance, investments and fixed-rate loans to the USD/SOFR base.
• Execute cross-currency swaps (CCS) for non-USD lending and FX swaps for short-term currency management.
• Apply back-to-back hedging at origination: loans disbursed only after the hedge is confirmed.
• Manage the macro-hedge on existing exposure, rebalanced periodically.
• Negotiate and manage ISDA/CSA documentation and counterparty lines with international counterparties, within ALMF limits and the Risk Appetite Statement.

Portfolio Onshoring (Transition)

• Support the phased onshoring of the externally managed portfolio (transition-manager consolidation → partnered trading → full internalization).
• During transition, monitor external managers and evaluate performance attribution; wind down external mandates as internalization completes.

Governance & Coordination

• Execute within ALCO- and Board-approved limits and escalate breaches.
• Coordinate with Risk (methodologies, independent challenge), Finance (settlement, hedge accounting), Legal (ISDA/CSA) and the Middle Office (analytics, structuring, control).

Requirements:

• Bachelor’s degree in finance, Economics, Financial Engineering or a related field from a recognized institution, a master’s degree is preferred.
• Minimum of eight (8) years’ experience in fixed-income portfolio management and / or derivatives and hedging within an MDB, investment bank or asset manager.
• Strong knowledge of fixed-income portfolio management, IRS / CCS / FX swaps, back-to-back hedging and IRRBB / FX immunization.
• Familiarity with Bloomberg, treasury / capital-markets systems and ISDA / CSA documentation.
• CFA or FRM certification is a strong asset.
• Proficiency in English and Arabic is a must and proficiency is an added advantage.
• Investment & Derivatives Expertise: fixed-income portfolio construction and IRS / CCS / FX structuring and execution.
• Market Awareness: deep understanding of rates, FX and credit markets.
• Risk Control & Execution Discipline: best execution and hedge effectiveness within approved limits.
• Integrity and Professionalism: high ethical standards and compliance discipline.
• Communication and Teamwork: effective collaboration with Risk, Finance, Legal and the Middle Office.
• Technical Proficiency: Bloomberg, Excel financial modeling and portfolio / derivatives analytics.
• Performance Indicators
  • Portfolio compliance with the SAA, quality floors and duration limits.
  • Investment performance versus the FTP benchmark.
  • Hedge coverage of new fixed-rate and non-USD exposure at origination.
  • Reduction in unhedged NII / EVE sensitivity.
  • Progress against portfolio-onshoring milestones.
  • Effective management of counterparty lines and ISDA/CSA coverage.

   

   

If you wish to apply for the position, please send your CV to Scott Fraser at sfraser@caglobalint.com.

Please visit www.caglobalint.com for more exciting opportunities