FXO Trader (Singapore, UK)
- Singapore
- Permanent
- Full-time
For more than 170 years we've support clients with their transaction banking, financial markets, corporate finance and borrowing needs and provide solutions to nearly 20,000 clients in the world's fastest-growing economies and most active trade corridors.ResponsibilitiesStrategy
- Apply the Bank's business strategy to day to day customer flow, pricing, risk management, Idea generation
- Assist in developing and implementing strategy for FX Options in Asia.
- 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
- Generate revenue for the bank through trading FX options
- Communicate with Global FXO team updating relevant book-runners in case of significant market events as per desk procedures.
- 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
- 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
- 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
- Key clients and potential clients
- Local and regional regulators
- Financial Services organisations and relevant trade bodies and associations
- 2+ years of experience as Trader in Foreign Exchange markets within a Bank
- Experience in market-making and risk-managing flow vanilla and first generation products.
- Robust up-to-date Macro understanding of G10 and likely impact on relevant FX markets
- Experience in FX rates and Derivatives
- Strong communication skills
- Strong stakeholder management skills
- Investments
- Customer Behaviour and Preferences
- Financial Mathematics
- Market Risk
- Trading
- Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
- Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
- Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
- Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
- Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
- Flexible working options based around home and office locations, with flexible working patterns.
- Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
- A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
- Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.