FX Options Trader

Responsibilities : 

• Market Making FX options for SG
• Risk management of FX options for SG
• Enhance, build and foster client relationships based on trust and professionalism

Client Coverage Responsibilities (Internal and External Clients including market participants)

• Develop long term relationships with clients based on trust and professionalism
• Build, foster and cultivate client relationships in line with regulatory requirements
• Develop SG profile in the market through trading volumes and market presence, enhance individual and amonst clients as reliable market maker
• To further improve SG market share and reputation through professionalism, discipline and attention to risks e.g. compliance, market, credit, legal, reputation.
• Provide reliable backup and support as required for other traders within the team
• Maintain and develop strong interactions for both internal stakeholders (e.g. Sales, GLFI, Syndicate, research, compliance, middle/back office, IT, Eng and Risq etc.) and our customers.
• Develop the client franchise by having strong interaction with the sales and engineer teams as required. Work in partnership with sales team to communicate market flows, trade ideas and any relevant trading information to support revenue generation.
• Actively support sales staff with client pitches as required to contribute to revenue generation
• Pricing and execution of relevant product transaction on behalf of SG Clients. Making sure that all procedural guidelines e.g. Mifid, risk controls and product governance are observed.
• Develop trading strategies and assist sales in developing pricing models as required
• Grow the business in line with the SG group objectives and in co-operation with other stakeholders. In particular regarding the regulation and business principles, and the development of our customer franchise.
• Review and oversee optimization of capital and leverage costs

Product Scope Responsibilities

• Take order and execute on behalf of clients in accordance with SG Trading handbook and/or Sales Handbook, risk and credit limits, SG compliance policies and regulatory guidelines.
• Manage the book and hedge risk appropriately
• Implement team business plan to develop SG business as directed
• Actively support enhancing IT development of tools and systems to develop SG’s trading capability and efficiency (e.g. automation, pricing engines, development of analytical toold and new hedging as applicable)

Knowledge Management Responsibilities

• Maintain understanding of financial markets, competitors and clients to develop own trading position.
• Maintain up to date intelligence on market initiatives and products in the trading environment

Risk Management Responsibilities

• Using SG trading tools managing/ Monitoring the profit and loss of SG’s account. Ensuring respect to revelant trading limits and risk management.
• Ensure full adherence to the SG Sales and Trading responsibilities including Sales and/or Trading handbook and regular training as applicable to the regulatory requirements. Ensuring compliance with all trading recording procedure and, counterparty trades are within operating credit limits.

Conduct Responsibilities

• Responsibility to adhere to internal Policies that relate to you, your business or other businesses for which you have any level of responsibility. It is your responsibility to ensure compliance with operational and conduct risk requirements (e.g data leakage, security policies and regulatory requirements).
• Adhere to individual and where applicable department conduct rules in accordance with the FCA and PRA Code of Conduct rules
• Responsibility for managing, controlling, preparing and escalating risk within the scope of your position and in line with existing policies.
• Responsibility to ensure that you take reasonable steps to be fully aware of, understand and comply with all regulatory requirements from all regulatory and statutory bodies, trading venues, etc that are applicable to your role and business line.
• To assist in the self identification of all conduct related issues. Ensure escalation to appropriate stakeholder or function whether internal or external.
• Adhere to business line mandates relevant to the role as directed by your manager