Basel, Basel-City, Switzerland · Hybrid
Principal Dealer – Credit Market The Bank for International Settlements (BIS) is hiring a Principal Dealer within the Credit Market Group at the Treasury Banking Department. Application deadline: Please note that the dea…
Skills: Fixed Income Trading, Credit Analysis, SSA Bond Management, Interest Rate Asset Swaps, Sustainable Finance
Basel, Basel-City, Switzerland • Hybrid
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Manage a portfolio of medium-term investment grade bonds, focusing primarily on Sub-Sovereign, Supranational and Agency (SSA) bonds. Responsible for optimizing the portfolio, managing risks, and maintaining relationships with key issuers and commercial banks.
Requires a university degree in economics, finance, or business and strong professional experience in fixed income sales, trading, or credit analysis. Expertise in SSA bonds and Interest Rate Asset Swaps is essential, while an MBA or CFA is considered an advantage.
The Bank for International Settlements (BIS) is hiring a Principal Dealer within the Credit Market Group at the Treasury Banking Department.
Application deadline: Please note that the deadline for applications is 10 July 2026 at the end of day.
Please note that this role is offered as a three-year fixed term contract.
This role is based in Basel, Switzerland; however, thanks to our status as an international organization, we can hire globally and welcome applications from candidates of all nationalities and located anywhere in the world. Relocation support is available for the successful candidate and their dependent family members.
As a Principal Dealer - Credit Market, you will manage a portfolio of medium-term investment grade bonds with a primary focus on Sub-Sovereign, Supranational and Agency (SSA) bonds, while ensuring alignment with the Bank’s investment framework and objectives.
You will be responsible for optimising the inherited portfolio by identifying opportunities for new investments, managing risks, and delivering sustainable returns.
Drive and supervise investments in conventional and sustainable investment grade bonds, with a primary focus on SSAs.
Collaborate on impactful initiatives, work with experts, and develop solutions in a dynamic and supportive environment.
Benefit from working in a unique, international environment that offers flexible, hybrid working options with a blend of onsite work from our central office location in Basel and home office.
Make and supervise investments in various credit debt instruments within the Bank’s investment framework with a focus on SSAs (and potentially US Treasuries).
Maintain contact with key SSA issuers by engaging directly with them to initiate deals and promote the BIS franchise.
Conduct and coordinate appropriate credit and market analysis to support the above investments.
Alert the Head of Credit Markets on event risks and advise on the development of new issuers and sectors to expand and diversify the investment universe.
Prepare and present market reports for the group, central bank customers, departmental management and senior management.
Monitor the ESG-labelled bond market for investment and reporting purposes.
Overview the reconciliation and explanation of the Group’s P&L. Control and monitor the Group’s exposures.
Enhance and develop the trading, reporting, valuation and investment framework.
Apply risk framework in context of BIS exposure and the Bank’s policies.
Take part in ad hoc special projects as a project member, manager or owner.
Collaborate with other units within and beyond the Banking Department (Risk Management and Legal Service in particular) and ensure that BIS objectives are achieved.
Develop and maintain relationships with commercial banks to ensure liquidity and competitive pricing across the Group’s trading products.
A university degree in economics, finance, business, or a comparable field, or equivalent practical experience and knowledge relevant to financial markets.
Strong professional experience in fixed income sales, trading, or credit analysis, with a proven track record of expertise in managing and analysing investment grade fixed income markets.
Broad knowledge of a range of investment products in major financial markets.
Experience in trading SSA bonds.
Practical experience with Interest Rate Asset Swaps.
Good understanding of Sustainable instruments.
Possessing a good network with SSA issuers would be an advantage.
Experience in trading US Treasuries would be an advantage.
An MBA and/or CFA would be an advantage.
Please note that the BIS's corporate language is English, which is used for all internal and external communication. Knowledge of other major languages would be considered as an advantage.
Internationalism is at the core of our identity and the best representation of this is our workforce. With employees from over 66 countries and offices in nine locations, the BIS is a global organisation with a truly international workforce. By joining us, you will work in a unique, highly rewarding, and international work environment. We are committed to equal opportunities at the BIS and aim to build a workforce that reflects our global membership. We strive to attract the best talent and foster an inclusive environment. We welcome applications from all qualified candidates, including those with a breadth of professional experience. You can discover more about our inclusive working environment here.
We want your time at BIS to be a rewarding and career-enriching experience. We offer an agile and flexible working environment with hybrid working opportunities including home office and working from abroad days. To support our international applicants, we offer relocation support that extends to your dependent family members. In addition, we offer a competitive compensation and benefits package, including support for working families including childcare and education allowances (where applicable). Finally, we offer a genuinely unique international working environment, which will give you exposure to the global financial system and the opportunity to collaborate with passionate experts from all over the world.
Promoting global monetary and financial stability through international cooperation
At the Bank for International Settlements, we occupy a distinct position among international financial institutions. As a hub for central bankers and financial regulators, the BIS blends varied perspectives into a greater collective understanding of the world's economy. Through our work, we contribute to monetary and financial stability, which is essential for sustained economic growth. Our wide-ranging activities include economic and policy research, statistical analysis, and banking. Our staff have expertise in economics, finance, banking, risk management, international law, and statistics, among other fields. Such diversity helps to create the right environment for knowledge-sharing and collaboration. Our headquarters are in Basel, Switzerland, with representative offices in Hong Kong SAR and Mexico City. Visit us: https://www.bis.org/careers Follow us on: - Twitter https://twitter.com/BIS_org - Instagram: https://www.instagram.com/bankforintlsettlements/ - YouTube: https://www.youtube.com/user/bisbribiz
Offices: Centralbahnplatz 2, Basel, CH-4002, CH
Promoting global monetary and financial stability through international cooperation
At the Bank for International Settlements, we occupy a distinct position among international financial institutions. As a hub for central bankers and financial regulators, the BIS blends varied perspectives into a greater collective understanding of the world's economy. Through our work, we contribute to monetary and financial stability, which is essential for sustained economic growth. Our wide-ranging activities include economic and policy research, statistical analysis, and banking. Our staff have expertise in economics, finance, banking, risk management, international law, and statistics, among other fields. Such diversity helps to create the right environment for knowledge-sharing and collaboration. Our headquarters are in Basel, Switzerland, with representative offices in Hong Kong SAR and Mexico City. Visit us: https://www.bis.org/careers Follow us on: - Twitter https://twitter.com/BIS_org - Instagram: https://www.instagram.com/bankforintlsettlements/ - YouTube: https://www.youtube.com/user/bisbribiz
Offices: Centralbahnplatz 2, Basel, CH-4002, CH
