What are the responsibilities and job description for the Director, FX Options Trader position at Standard Chartered?
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
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
- Contribute to continuous process improvement and sharing best practice
- Set and monitor s 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
Qualifications
- 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
We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.
Together we:
- 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
Expected annual base pay range for the role is 200,000 USD to 250,000 USD. The final offer will be determined on an individualised basis using a number of variables, including but not limited to skill set, depth of experience and education, internal relativity, and specific work location. At Standard Chartered Bank, Base pay is only part of the total compensation package. Discretionary variable pay and a range of attractive bank sponsored benefit programs are available and designed to foster employee overall health and well-being including, but not limited to, a best in class 401k plan with up to 8% employer match, robust medical plan coverage with employer funded Health Savings Accounts, inclusive family building benefits, and flexible/hybrid working arrangements for many of our positions subject to role specific considerations.
Visit our careers website www.sc.com/careers
In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
- 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.
