Derivatives Trader Specialist
1 month ago
Job Description:
The Derivatives Trader Specialist will support the business in managing significant trade volumes, focusing on trade reconciliation, currency risk management, and position risk management.
Key Responsibilities:
- Manage daily trading activities for various derivatives products such as single stock swaps, index swaps, and ETFs.
- Develop and implement trading strategies with a focus on optimizing returns and managing risk.
- Liaise with onshore brokers, clearinghouses, and custodians for cash and margin management.
- Oversee the reconciliation of trades, monitor currency and position risk, and ensure adherence to risk management protocols.
- Collaborate with Technology, Operations, Quant Strategists, Product Control, and Risk Management teams to enhance existing trade structures and develop new tools.
- Maintain a deep understanding of Delta One products, including single stock swaps, index swaps, and P-notes.
- Analyse market trends, price movements, and other factors to identify trading opportunities.
- Continuously monitor and evaluate market risk exposure to ensure alignment with the firm's risk appetite.
Requirements:
- Degree in finance, Mathematics, Statistics, Engineering, or any other relevant degree.
- 8-10 years of experience in derivatives trading, with a focus on Delta One products.
- Strong knowledge of financial markets and derivatives products, including equity swaps, ETFs, and custom baskets.
- Existing relationships with Institutional clients.
- Proficiency in Python or VBA is a plus.
- Strong analytical and quantitative skills.
- Ability to work well under pressure, manage multiple tasks, and collaborate with various teams.
- Self-motivated and proactive, with a strong desire to continuously learn and adapt to market conditions.
Estimated Salary: $120,000 - $180,000 per annum
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