Director, FX Options Trader

Standard Chartered•New York, NY

30d•Onsite

About The Position

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 Americas Identify business development opportunities 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 Mine for new client opportunities that can be monetized, and continue to invest time in building systems to enhance TPI potential Engage with our valued customers on a sophisticated leve Business Generate revenue for the bank through trading FX options for the currency block Communicate with Global FXO team updating relevant book-runners in case of significant market events during NY hours as per desk procedures. Increase SCB's visibility in the region 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 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 Seek and take advantage of market opportunities 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. 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 regulation People & Talent Contribute to continuous process improvement and sharing best practice Set and monitor job descriptions and objectives for direct reports where applicable, and provide feedback and rewards in line with their performance against those responsibilities and objectives. Employ, engage and retain high quality people, with succession planning for critical roles. Identify, evaluate and action under performers Responsibility to review team structure/capacity plans Risk Management Risk-manage global FX Options portfolios during NY market hours as part of global FXO team and the Structured products and Correlation books Execute hedging strategies for Complex books and assist global team in developing and executing the game plan Assist in development of risk management tools for new structured/correlation products as they are developed Where necessary assist with execution of hedging strategies for other FXO books agreed with book-runners, located in other regions 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

Requirements

Undergraduate degree required
Minimum of 3 years in the Latam FXO space
Product knowledge and experience in LatAm FXO
Customer Behaviour and Preferences
Financial Mathematics
Investment Performance Measurement
Market Risk
Securities Laws and Regulations (SLR) Compliance
Service Excellence
Trading

Responsibilities

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 Americas
Identify business development opportunities
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
Mine for new client opportunities that can be monetized, and continue to invest time in building systems to enhance TPI potential
Engage with our valued customers on a sophisticated leve
Generate revenue for the bank through trading FX options for the currency block
Communicate with Global FXO team updating relevant book-runners in case of significant market events during NY hours as per desk procedures.
Increase SCB's visibility in the region 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 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
Seek and take advantage of market opportunities
Accountable for establishing and maintaining frameworks to ensure FXO processes are efficient, appropriate and compliant.
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 regulation
Contribute to continuous process improvement and sharing best practice
Set and monitor job descriptions and objectives for direct reports where applicable, and provide feedback and rewards in line with their performance against those responsibilities and objectives.
Employ, engage and retain high quality people, with succession planning for critical roles. Identify, evaluate and action under performers
Responsibility to review team structure/capacity plans
Risk-manage global FX Options portfolios during NY market hours as part of global FXO team and the Structured products and Correlation books
Execute hedging strategies for Complex books and assist global team in developing and executing the game plan
Assist in development of risk management tools for new structured/correlation products as they are developed
Where necessary assist with execution of hedging strategies for other FXO books agreed with book-runners, located in other regions
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

Benefits

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.

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