Derivatives Clearing and Execution Sales

StoneX Group; Dubai; On-site; AED 200,000 - 300,000; Full time

Job summary

A leading financial services provider is seeking a candidate for a broking desk role in Dubai. Responsibilities include establishing market relationships, generating new business, and providing trade execution services. The ideal candidate will have strong quantitative skills, excellent client-facing abilities, and a passion for the futures and options market. Knowledge of commodities and prior relevant experience is a plus.

Qualifications

• Interest in the Exchange Traded Futures and Options space.
• Self-motivated and enjoy challenges.
• Ability to thrive in fast-paced environments.

Responsibilities

• Establish market relationships.
• Generate new business revenue through client on-boarding.
• Execute and on-board OTC and listed customers.

Skills

Knowledge of the Exchange Traded Futures and Options

Strong quantitative and analytical skills

Excellent client-facing communication skills

Attention to detail

Ability to work under pressure

Education

Bachelor’s degree

Job description

Overview

Job purpose

To join a busy broking desk using established contacts to help grow business and seek new customers and opportunities. To integrate into an established team and enhance product offering to new and existing client base.

Develop new business & On-Board customers to trade commodities & other products. Service and provide trade execution services for the existing client base.

General Duties

• Establish market relationships
• Generate new business revenue for StoneX Financial Ltd through client on-boarding and internal cross-selling opportunities.
• Develop fundamental expertise in commodities market/s and maintain an up to date knowledge of the products and markets in which you work.
• Continually drive the StoneX Brand actively solicit feedback from industry participants through various means, including trade calls, surveys, industry events, trade shows and conferences.
• Identify new markets, products, technologies and opportunities.
• Understand the desk’s business strategy and continually improve the operating model.
• Participate in pre- and post-trading operational duties including trade reconciliation, trade booking, etc. in compliance with regulations and internal company policies
• Execute & On-Board OTC & Listed customers
• Establish and maintain relationships and connections in the Commodities Market
• Provide customers with seamless trade execution covering options, futures and arbitrage and daily recaps
• Maintain awareness of the risk and compliance culture and comply with company policies for which you have any level of responsibility
• Exercise independent judgement and act with integrity, responsibility, skill and diligence to avoid conflicts of interest and escalate issues as appropriate
• Understand the risks and controls on your desk; what could go wrong, what controls you must prevent/detect or contain these
• Escalate risk events immediately and log them within 24 hours via appropriate channels
• Report all loss events, or near misses that could have resulted in a loss, in excess of the reporting threshold
• Observe standards of market conduct and ensure you are aware of, understand and comply with all regulatory, exchange or clearing house requirements applicable to your role
• Complete any mandatory training by the required deadlines

Responsibilities

Knowledge, Skills and Experience

• Interest in / knowledge of the Exchange Traded Futures and Options space front to back
• Exposure to and interest in futures, swaps and options preferred
• Self-motivated, enjoy challenges, and thrive in fast-paced, competitive environments with conflicting demands and pressures
• Driven to deliver high quality results
• Individuals who are self-motivated, enjoy challenges, and thrive in fast-paced, competitive environments
• Individuals must communicate effectively and work well in teams
• Excellent client facing, written and verbal communication skills
• Strong quantitative, analytical and problem-solving skills
• Excellent customer service skills
• Attention to detail and accuracy
• Good understanding of the fundamentals of IT architecture, infrastructure and software of development
• Attention to detail and ability to work well under pressure
• Ability to manage several tasks at once
• Adaptable and flexible approach
• Willing and able to travel.

Qualifications

Qualifications

Bachelor’s degree preferred but not essential

• This role will require FCA approval or achievement of FCA approved status (within 3 months).
• Fluency in any European language an advantage