EM Trading Trainee

Crédit Agricole CIB; Singapore; On-site; SGD 60,000 - 90,000; Full time

Job summary

A financial services provider in Singapore is seeking to fill a role focused on assisting the EM Trading team. Responsibilities include managing trading risks, providing accurate pricing for derivatives, and ensuring compliance with regulatory standards. The ideal candidate should have a degree in a mathematical or scientific field, along with experience in trading and risk management. Strong analytical skills are essential for managing client transactions effectively.

Qualifications

• Preferably have experience in trading and risk management.
• Ability to quickly think and make decisions in busy trading situations.

Responsibilities

• Assist EM Trading/GMD traders with transactions and pricing.
• Ensure compliance with risk management procedures.
• Maintain communication with team and Sales desks.

Skills

Trading risk management

Pricing in IRS and FX swap

Numeracy and analysis skills

Education

Degree in Mathematical/Scientific area

Job description

Summary

Responsible for assisting the EM Trading/GMD trading Team as they look into the management of trading risks as well as client’s requirements with a view to ensure that all regulatory requirements are observed and adhered to.

Responsible for providing any assistance on the back ofmanagement reports or trading reports based on trading products including IRD and FXswap and any other required reports to ensure that trading is within authorised trading limits, i.e. the risk parameters and designated currency and product limits. Also responsible for providing pricing on the derivatives market for a varied customer base via the Sales Desk.

Assistance to EM Trading/GMD traders who are responsible predominantly for the following currencies: Authorised within CA-CIB Branch and typically local currencies and Majors

Key Responsibilities

1. Basic GMD Knowledge and functions

• Ensure that product knowledge is up to speed and skills set equipped to provide effective assistance to the team.
• When necessary, execute transactions accurately and in accordance with established risk management procedures and risk parameters.
• Assist in providing the necessary daily pricing capacity in EM Trading/GMD Products on a global basis
• Be aware of all economic and financial data likely to affect the market and keep updated on market changes.
• Provide product pricing for both new products as well as specific client transactions. Pricing must ensure that the Bank is adequately compensated for the level of principal risk and the amount of balance sheet it dedicates to specific transactions.
• Input all executed trades directly into the Front Office System. Ensure all deals are timely validated in Front Office System.

2. Daily Trading & Administrative Responsibilities

• Assist to price and execute all client transactions in the market sector for which responsible.
• Timely record and enter all transactions into front office trading systems in line with applicable trading procedures in effect.
• Provide best efforts in a timely fashion to resolve all trade breaks as reported by Back Office

3. Management and Reporting

• Report to the EM Trading/GMD Team leader where applicable, otherwise LGMD Singapore, on the progress of the business and specific issues.

4. Risk

• Ensure adherence with regard to position and risk limits, market and counterparty risk.
• Adhering to given risk limits at all times
• Assisting in the squaring cashflow for all currencies and ensure that cash balances stay within limits.

5. Counterparties and Clients

• Maintain a team spirit and develop good network relationships with peers in other organizations.

6. Communication

• Ensure good regular feedback and communication with the team to keep informed of any important administrative matters.
• Maintain contact with the Sales desks regarding shared business.
• At any time, communicate to the management and concerned functions in case of problems.
• Work closely with back office and middle office to ensure accurate and efficient processing of trades

Role Requirements

• Degree or equivalent experience, preferably in a Mathematical/ Scientific area
• Experience in trading and risk managing a trading book is preferred
• Understanding of pricing in IRS and FXswap
• Ability to think quickly, make decisions using good judgement and prioritise in busy trading situations
• Capacity to develop and learn financial derivatives including market liquidity (ability to enter or exit a position) and volatility (magnitude / speed of price change), pricing and trading/hedging strategies
• Strong numeracy, analysis and spreadsheet skills.