AVP Trader

Sumitomo Mitsui Banking Corporation (SMBC); Mumbai; On-site; INR 4,000,000 - 7,000,000; Full time

Job summary

Sumitomo Mitsui Banking Corporation (SMBC) in Mumbai seeks an experienced Trader to enhance and grow FX, Rates and FX options trading activities within GMTAP. The role involves position taking/manage­ment, executing trades with clients and interbank, and monitoring market developments.

The candidate should have 8-12 years of post graduate experience (CA/MBA), preferably from the Banking industry, and a strong grasp of RBI regulations and risk controls.

Qualifications

• Post graduate (CA / MBA) with 8-12 yrs of experience.
• Preferably from the Banking Industry.

Responsibilities

• Quote and execute trades primarily in FX spot and forwards.
• Monitor macro indicators impacting currency and interest rate markets.
• Support in managing the bank's trading book within prescribed risk limits.
• Liaise with Sales and risk teams to provide market insights and trade ideas.
• Assist development of FX and Rates including exotic products.
• Stay updated with RBI regulations and internal procedures.

Skills

FX trading

Market analysis

Trade execution

Risk management

Education

CA / MBA

Job description

Mumbai, India

Headquartered in Tokyo, Sumitomo Mitsui Banking Corporation (SMBC) is a leading global financial institution and a core member of Sumitomo Mitsui Financial Group (SMBC Group). Built upon our rich Japanese heritage since 1876, we put our customers first and provide seamless access to, from and within the Asia Pacific region. SMBC is one of the largest Japanese banks by assets and maintain strong credit ratings across our global integrated network. We work closely as one SMBC Group to offer personal, corporate and investment banking services to meet the needs of our customers.

With sustainability embedded within our strategy and operations, we are committed to creating a society in which today s generation can enjoy economic prosperity and well-being, and pass it on to future generations.

We are seeking a motivated, detailed-oriented and dynamic Trader to enhance and grow our FX, Rates and FX options trading activities within GMTAP along with our strong ambitious in Sales & Trading Business. The role would involve position taking/ management (mainly in FX and FWD Delta), executing trades with client and interbank, monitoring market development. Managing risks and supporting daily desk operations.

Job responsibilites include:

1. Quote and execute trades primarily in FX spot, FX forwards, occasionally FX options and related instrument like LTFX / MIFOR and OIS.
2. Monitor Local and global macroeconomic indicators impacting currency and interest rate markets in order to pursue trading profit with building its market portfolio.
3. Support in managing the Bank s trading book within prescribed risk limits.
4. Liaise with Sales and risk teams and provide market insights and trade ideas.
5. Help and assist development of FX and Rates including exotic products.
6. Stay updated with RBI regulations, compliance standards and adhere to internal procedure manuals.
7. Prepare daily P&L reports and trade reconciliation.

Requirement:

• Post graduate (CA / MBA) with 8-12 yrs of experience
• Preferably from the Banking Industry