Global Markets - TRY Rates Trader, Associate Director
A leading Global Financial Institution is seeking to employ a Global Markets - TRY Rates Trader, Associate Director based in London.
Hours 35 per week/permanent.
Competitive salary offered.
The Global Markets - TRY Rates Trader is responsible for market making in TRY rates products (bonds and swaps) as part of Local Rates, EMEA franchise to a wide range of corporate and institutional clients. A key part of the role is interaction with Istanbul office as the main execution arm of Turkish franchise and managing all TRY related risks on the book as well as active promotion of bank’s franchise to the customers.
The Global Markets - TRY Rates Trader effectively maintains various risk positions and manages within position limits, providing liquidity and trade ideas to while trading within set limits to help the trading team achieve a given revenue target; will be required to provide consistent pricing and market making to sales force and target clients; Monitors daily electronic trading activity and determines where certain trades should be routed for execution, reviews all activity for accuracy of account information. Responsibilities include executing firm and customers’ trades in accordance with desk Volcker designation and may contribute to the formulation of trading strategies; Ensures all trades are booked to front office position keeping system on the day they are executed; and reconciles daily and/or monthly reports, as assigned.
The role holder will require to network, develop and nurture client relationships, anticipate and identify their needs; Will develop close and effective working relationships within respective Regions/ Countries/Functions /Global Businesses; Builds and maintains relationships with external partners, industry bodies and others to keep up to date with developments; will ensure the fair treatment of our customers is at the heart of everything we do, both personally and as an organisation; Manage and mitigate operational risks in their day to day operations. In executing these responsibilities, the Group has adopted risk management and internal control structure. Duties include leading the development, implementation and maintenance of management information, analysis and reporting framework that supports and informs timely and effective business management and decision making at all levels; will be required to lead the implementation and oversight of policy and governance frameworks, procedures, practices and standards to ensure quality, effective risk management and regulatory compliance;
The successful candidate will be a graduate and will have the following:
- Experience with Turkish local markets
- Strong proven trading experience in active market-making role
- Solid risk-taking framework in Emerging Markets rates space
- Strong communication skills as the role is pivotal in representing local rates Turkey
Closing dates for applications 21st December 2018