Opportunity for Associate Director, FX Options Trader

Job Description

The Role Responsibilities Strategy
• Apply the Bank s business strategy to day to day customer flow, pricing, risk management, Idea generation
• Assist in developing and implementing strategy for Flow and Structured Product and Correlation Books
• Assist in enhancing the risk management tools and systems for FX Option books
• Assist in training the team members on the knowledge and risk management
• Identify business development opportunities by developing and marketing the volatility and correlation product suite
• Maximise total product income by ensuring effective end to end client risk management/service
• Awareness and understanding of the Group s business strategy and model appropriate to the role
Business
• Generate revenue for the bank through trading FX options for Flow and Structured Product and Correlation Books
• Communicate with Global FXO team and help in developing risk management tools for the Complex books
• Help SCB gain a foothold and build a solid foundation in the Flow FXO and structured and correlation space through competitive pricing, market commentaries and idea generation in FX Options
• Understand wider business, economic and market environment in which the firm operates
• Deepen existing client relationships through regular conversations and by giving market colour in line with guidelines
• To work with Sales and RM to market the options product suite, identify new prospects and client opportunities.
• To explore new products and structures to increase the breadth and depth of the market
• Manage risk from client trades
• Seek and take advantage of market opportunities
Processes
• Accountable for establishing and maintaining frameworks to ensure FXO processes are efficient, appropriate and compliant. Particularly for the structured product and correlation team
• Accountable for effective management of operational risks within FXO.
• Exercise all supervisory responsibilities as outlined in the FM Code of Conduct.
• Ensure adherence to all internal and external regulations. Ensure that the business meets its obligations the prevention of money laundering under the Group Policy and Standards and under local laws and regulations. Ensure that there are appropriate and documented internal controls and procedures in place. Monitor the operation of such procedures and controls and regularly review them to ensure that they reflect any changes in products, systems, policy and regulations
People and Talent
• Lead through example and build the appropriate culture and values. Set appropriate tone and expectations amongst colleagues and work in collaboration with risk and control partners.
• Contribute to continuous process improvement and sharing best practice.
Risk Management
• Risk-manage Flow and Structured products and Correlation books as part of global FXO team
• Execute hedging strategies for Flow and Complex books and assist global team in developing and executing the game plan
• Responsible for identifying, assessing, monitoring, controlling and mitigating risks to the Group. Also, an awareness and understanding of the main risks facing the Group and the role the individual plays in managing them
• The ability to interpret the Group s financial information, identify key issues based on this information and put in place appropriate controls and measures
• Comply with guidelines as outlined in the annual dealer mandate
• Embed Operational Risk monitoring as an integral part of the business process. Towards this, to effectively carry out the assigned role, if any, under Compliance Risk Management and Operational Risk Management Assurance
• Monitor all major risk issues and concentrations and ensure that trading limits are adhered to by all FXO traders
• Effectively manage the risk from customer transactions
Governance
• Responsible for assessing the effectiveness of the Group s arrangements to deliver effective governance, oversight and controls in the business and, if necessary, oversee changes in these areas
• Awareness and understanding of the regulatory framework, in which the Group operates, and the regulatory requirements and expectations relevant to the role.
• Willingness to speak up in the event of any realised or perceived breach of group conduct rules or laws by colleagues
• Responsible for delivering effective governance ; capability to challenge fellow executives effectively; and willingness to work with any local regulators in an open and cooperative manner.
• Promote an environment where compliance with internal control functions and the external regulatory framework is a central priority of the FXO business
• Establish, maintain and supervise the framework to ensure business functions under my area of responsibility comply with internal policies, procedures, codes and applicable external laws and regulations and adhere to the expected high standards set out in the FM Code of Conduct
• Ensure the overall targets relating to budget are cascaded to teams with appropriate product targets and performance delivery on targets is proactively managed
Regulatory & Business Conduct
• Display exemplary conduct and live by the Group s Values and Code of Conduct.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Assist the team to achieve the outcomes set out in the Bank s Conduct Principles: Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key Stakeholders Internal
• Global Head, FXO
• Global Head of Macro Trading
• Head of Structuring, West
• Regional Heads of Sales, Investors and Corporates
• Global FXO traders
• Support functions like Back and Middle Office,
External
• Key clients and potential clients
• Local and regional regulators
• Financial Services organisations and relevant trade bodies and associations
Other Responsibilities
• Embed Here for good and Group s brand and values in Financial Markets globally.
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
Our Ideal Candidate
• Will strengthen experience in market-making and risk-managing flow vanilla and first generation products. Good knowledge of Structured products and correlation products in FX Options (across EM Asia and G10).
• Robust up-to-date Macro understanding of G10 and EM Asia economies and likely impact on relevant FX markets
Role Specific Competencies
• Market Knowledge
• Products & Processes
• Customer Behaviour and Preferences
• Financial Mathematics
• Market Risk
• Trading
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Keyskills :
financeadvisorycompliancereportingcustomer relationsrisk management toolsoperational risk managementcontinuous process improvementlife insurance