Offers “HSBC”

13 days agoHSBC

Foreign Exchange Options Trader

  • Amsterdam (City of Amsterdam)
  • Teaching

Job description

Foreign Exchange Options EM Trader, supporting the market risk management, pricing and business development relating to Foreign Exchange Derivatives Trading activities.

Impact on the Business

· FX Options pricing and market risk management
· Drives the development of business initiatives with regard to the development of technical trading tools.
· Provides timely and accurate dealing services for clients in the assigned area of FXO trading expertise.
· Manages the firm’s inventory and trading risk under supervision and as assigned in compliance with all applicable regulation within a given business area.
· Deliver fair outcomes for customers and ensure own conduct maintains the orderly and transparent operation of financial markets.
· Provides consistent pricing and market making to sales force and target clients
· Executes firm and customers' trades in accordance with desk Volcker designation and may contribute to the formulation of trading strategies
· Ensures all trades are booked to front office position keeping system on the day they are executed
· Reconciles daily and/or monthly reports, as assigned
· Drives the development of business initiatives with regard to the development of technical trading tools.
· Managing risk positions within limits
· Contribution towards the achievement of revenue targets
· Providing liquidity and trade ideas to clients
· Trading within set limits
· Increase in trading strategy profitability
· Generation of new ideas

Customers / Stakeholders

· Internal clients (trading & sales)
· IT
· Management
· Provision of relevant MIS information.
· Co-ordinating to meet deliveries

Leadership & Teamwork

· Ability to work efficiently with members of the FX team.
· Ability to communicate effectively with other stakeholders.
· Timely delivery of objectives.

Operational Effectiveness & Control

· Oversee development of monitoring and relevant reconciliation tools to ensure effective controls

Major Challenges

· Ability to multi-task and to work well under pressure, strong problem-solving and decision-making skills.
· Demonstrate initiative and independent judgment to analyse problems and proactively respond to client issues.
· Coordination with global FX trading team to ensure timely implementation of deliverables.
· Keeping up to date with current developments in the market place.

Role Context

· This role will be based in New York, working directly with, and under supervision from, the Americas Head of FX and PM Options
· The business offers clients 24-hour global coverage together with a detailed knowledge of local markets. Our services are offered in more than 60 countries and territories worldwide.

Management of Risk

· Is aware of the Operational Risk scenario associated with the role and acts in a manner that takes account of operational risk considerations.

Observation of Internal Controls

· Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
· Understands, follows and demonstrates compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.

Desired profile

Qualifications :

·  Strong understanding of FX Options risk management, its products, client sets, systems and key processes
·  Experience in pricing and risk management
·  Ability to provide consistent pricing to clients and managing inventory and risk
·  Excellent interpersonal, communication, influencing and collaboration skills
·  Track record working in global team and dealing with a diverse group of stakeholders
·  Ability to work in a fast paced work environment with continuous changes, including regulatory change
·  Mindset and track record challenging the status quo and improving operational efficiency
·  Bachelor’s degree or equivalent experience
·  Fluency in English and second language is preferable

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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