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Director, FX Options Trader

Employer
Standard Chartered
Location
Lambeth, UK
Salary
Competitive
Closing date
Sep 17, 2019

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Job Role
Finance Director/Head of Finance
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Job Description - Director, FX Options Trader (1900022940)Director, FX Options Trader - (1900022940)Job: Financial MarketsPrimary

Location:
Europe & Americas-United Kingdom-LondonSchedule: Full-timeEmployee Status: PermanentPosting Date: 09/Sep/2019Unposting Date: 07/Oct/2019Director, FX Options Trader

Salary:
CompetitiveReference number: 1900022940

Location:
London, UKOpening date for applications: 9 September 2019Closing date for applications: 7 October 2019About Standard Chartered We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East. We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.The Role ResponsibilitiesStrategyApply the Bank's business strategy to day to day customer flow, pricing, risk managementAssist in developing and implementing strategy for FX Options in the WestMaximise total product income by ensuring effective end to end client risk management/serviceBusinessGenerate revenue for the bank through trading FX options for the EM block (Asian EM FXO main focus) and Structured FX productsCommunicate with Global FXO team updating relevant book-runners in case of significant market eventsIncrease SCB's visibility in the region through competitive pricing, market commentaries and idea generation in FX OptionsDeepen existing client relationships through regular conversations and by giving market colour in line with guidelinesTo work with and Sales/RM to identify new prospects and client opportunitiesTo explore new products and structures to increase the breadth and depth of the marketManage risk from client tradesProcessesAccountable for establishing and maintaining frameworks to ensure FXO processes are efficient, appropriate and compliant.Accountable for effective management of operational risks within FXO.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 regulationsRisk ManagementRisk-manage EM FX Options portfolios and Structured FX products as part of global FXO teamExecute hedging strategies for FXO books agreed with book-runners, located in other regionsThe ability to interpret the Group's financial information, identify key issues based on this information and put in place appropriate controls and measuresComply with guidelines as outlined in the annual dealer mandateMonitor all major risk issues and concentrations and ensure that trading limits are adhered to by all FXO tradersEffectively manage the risk from customer transactionsGovernanceResponsible 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 areasResponsible 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 businessEstablish, 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 ConductEnsure the overall targets relating to budget are cascaded to teams with appropriate product targets and performance delivery on targets is proactively managedRegulatory & Business ConductDisplay exemplary conduct and live by the Group's Values and Code of Conduct.Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.Our Ideal CandidateRelevant experience market-making and risk-managing Asian EM FX Options (such as CNH, SGD, KRW, IDR, INR)Relevant experience pricing, executing and risk managing Structured FX products such as 2nd generation exotic options, compound options, TARFs, Autocallables, deal contingent tradesRobust up-to-date understanding of macro of Asian EM economies and likely impact on relevant FX marketsApply now to join the Bank for those with big career ambitions.

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