Director- FX Trading

Standard Chartered; Mumbai; Ibrido; INR 1.500.000 - 2.600.000; Tempo pieno

Vantaggi offerti da questo lavoro

Flexible working options

Wellbeing support (Unmind)

Learning culture and development

Descrizione del lavoro

Standard Chartered in Mumbai is seeking an experienced FX trader to drive market making for USDINR spot and forwards and to build India’s FX franchise. You will mentor junior traders and desk interns while collaborating with Sales/RM to grow client relationships and price competitive FX products.

The role emphasizes strategy, risk management, regulatory compliance and contributing to bank-wide objectives within a global network.

Competenze

• FX knowledge and market awareness essential.
• Ability to understand and implement FX trading strategies.

Mansioni

• Develop and implement trading strategy for FX products.
• Grow the FX franchise in India and increase product income.
• Manage risk from client trades and ensure end-to-end client service.
• Mentor junior traders and desk interns and share market colour with the team.
• Ensure governance, compliance, and regulatory standards are observed.

Conoscenze

Foreign Exchange

Descrizione del lavoro

Role is an individual contributor role. The role involves market making for USDINR spot / forwards and building India’s FX franchise of the bank. The role also involves team related responsibilities, interacting with colleagues to help achieve team and bank-wide objectives. The role involves mentoring junior traders and desk interns.

Key Responsibilities

Strategy

• Assist in developing and implementing trading strategy for FX products
• Maximise total product income by ensuring effective end to end client risk management/service
• To grow the FX franchise in India
• Awareness and understanding of the Group’s business strategy and model appropriate to the role
• Assist the automation of product offering to Clients
• Drive the client engagement for RWA optimisation to improve the overall FM product RoRWA

Business

• Achieving assigned full year budget as per annual P3 document
• To increase SCB’s visibility through competitive pricing in FX products for our clients.
• To deepen existing client relationships through regular conversations and by giving market colour in line with guidelines.
• To work with Sales/RM to identify new prospects and client opportunities
• Provide sales desk with competitive pricing and product support in our endeavour to outserve
• To explore new products and structures to increase the breadth and depth of the market
• Manage risk from client trades
• To support the FM Sales team by showing axes and giving market colour in line with guidelines

Processes

• Ensure adherence to all internal and external regulations. To 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. 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

People & Talent

• Contribute to continuous process improvement and sharing best practice

Risk Management

• 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

Governance

• 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.

Regulatory & Business Conduct

• Display exemplary conduct and live by the Group’s Values and Code of Conduct.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Effectively and collaboratively identify, elevate and resolve risk, conduct and compliance matters.
• Act as a Rate submitter as appropriate in line with the defines Rates setting principles and as authorised and detailed in the respective Dealer Mandate.

Key Stakeholders

Internal

• Sales, Research and Structuring globally
• Relationship managers, Credit and Market Risk Officers
• Legal & Compliance
• FM Head of India
• FX Cash Trading, South Asia
• Support functions including PC, Finance, Operations, Middle Office, and IT

External

• Key clients and potential new clients
• Central Bank and Regulatory Bodies

Skills and Experience

• Products – Foreign Exchange

About Standard Chartered

We're a global bank connecting clients to our differentiated network, offering growth opportunities in the world's most dynamic markets. Our strategy, which combines cross-border capabilities and leading wealth management expertise, helps us deliver our purpose - to drive commerce and prosperity through our unique diversity.

Over our 170-year history, and across a unique geographical footprint connecting Asia, Africa and the Middle East to each other and the world, we've built a bank like no other, with diverse capabilities and partnerships that set us apart.

What We Offer

• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions, and geographies.
• In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global employee assistance programme, sick leave, mental health first-aiders and self-help toolkits.
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual, and digital learning.

Visit our careers website to learn more about us: www.sc.com/careers.

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