Director, FX Options Trader

Standard Chartered Bank
London, UK
20 Sep 2019
25 Sep 2019
Job Role
Finance Director
Contract Type
Level of qualification
Director, FX Options Trader

Competitive Reference number: 1900022940

London, UK Opening date for applications: 9 September 2019 Closing date for applications: 7 October 2019 About 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 Responsibilities Strategy Apply the Bank's business strategy to day to day customer flow, pricing, risk management Assist in developing and implementing strategy for FX Options in the West Maximise total product income by ensuring effective end to end client risk management/service Business Generate revenue for the bank through trading FX options for the EM block (Asian EM FXO main focus) and Structured FX products Communicate with Global FXO team updating relevant book-runners in case of significant market events Increase SCB's visibility in the region through competitive pricing, market commentaries and idea generation in FX Options Deepen existing client relationships through regular conversations and by giving market colour in line with guidelines To work with and Sales/RM to 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 Processes Accountable 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 regulations Risk Management Risk-manage EM FX Options portfolios and Structured FX products as part of global FXO team Execute hedging strategies for FXO books agreed with book-runners, located in other regions 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 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 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. Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters. Our Ideal Candidate Relevant 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 trades Robust up-to-date understanding of macro of Asian EM economies and likely impact on relevant FX markets Apply now to join the Bank for those with big career ambitions.