- 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
- Generate revenue for the bank through trading FX options for the G7 currency bloc
- 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
Key Roles and Responsibilities
- 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
- 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 regulations
- 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 G10 and EM FX Options portfolios during NY market hours as part of global FXO team
- Execute hedging strategies for 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
- Responsible for assessing the effectiveness of the Group's arrangements to deliver effective governance, oversight and controls in the business and, if necessary, oversee changes in these areas
- Awareness and understanding of the regulatory framework, in which the Group operates, and the regulatory requirements and expectations relevant to the role.
- Willingness to 'speak up' in the event of any realised or perceived breach of group conduct rules or laws by colleagues
- Responsible for delivering 'effective governance'; capability to challenge fellow executives effectively; and willingness to work with any local regulators in an open and cooperative manner.
- Promote an environment where compliance with internal control functions and the external regulatory framework is a central priority of the FXO business
- Establish, maintain and supervise the framework to ensure business functions under my area of responsibility comply with internal policies, procedures, codes and applicable external laws and regulations and adhere to the expected high standards set out in the FM Code of Conduct
- Ensure the overall targets relating to budget are cascaded to teams with appropriate product targets and performance delivery on targets is proactively managed
Qualifications and Skills
5-10-years experience trading FX Options
Education: MBA / Masters preferred
Qualifications: Series 7 , 79 and 63 preferred.
How To Apply
You can search and view current opportunities across our organisation and apply immediately by visiting www.standardchartered.com and selecting Careers. To help speed up your application, please note the following:
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It usually takes 15 - 20 minutes to complete the application form; you can save your application at any time and return to complete it at your convenience.
Diversity and Inclusion
Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.
Equal Opportunity Employer
Standard Chartered is an equal opportunity employer. We have a meritocratic culture where each individual employee is valued and respected for who they are as a person and for what they bring to the organisation.