CA CIB UK
CA CIB UK
Responsible for trading within authorised trading limits on the G10 Non-Euro Rates Trading desk, i.e.
the risk parameters and designated currency and product limits, in order to maximise revenues within pre-established limits and objectives.
Trades are predominantly in AUD, CAD, CHF, DKK, EUR, GBP, JPY, NOK, NZD, SEK, and USD for trading (KRW for hedging purpose) but the trader will be expected to trade our other books in support if required.
Products will include Interest Rate Swaps, Cross Currency and Fx Swap for trading plus Government Bonds, FRA’s, Futures, Repo and MM products, FX markets for hedging purpose.
Within the parameters of the overall business strategy of CA-CIB and other agreed policies, the candidate is empowered to implement the strategy and business plans within the business line, as decided by the Global Head of Basis Trading.
Strategy and Business Planning
Markets make for customers in G10 Non-Euro Rates Trading.
Execute transactions in accordance with established risk management procedures and risk parameters.
Formulate trading strategy and relate these to market opportunities.
Be aware of all economic and financial data likely to affect the market and keep updated on market changes.
Take views on future market developments and advise sales accordingly.
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.
Keep abreast of the markets by reading the financial press and available economic research.
Input all executed trades directly into the Front Office Systems in a timely manner
Management and Reporting
Report Daily pnl, risk and key market movements to management by email
Report to the Head of G10 Non-Euro Rates Trading London on an informal basis on the progress of the business and specific issues.
Ensure strict compliance with the mandate attributed to the desk.
Sign the mandate in the MRL tool according to the procedure currently in place with the Bank.
In conjunction with the Head of G10 Non-Euro Rates Trading London, establish overall risk parameters.
Manage and hedge the overall risk of the G10 Non-Euro Rates trading portfolio on an intra and inter day basis.
Ensure adherence with regard to position and risk limits.
Ensure adherence to the overall risk limits, including both credit and market risk, as set for G10 Non-Euro Rates Trading.
Ensure clear and where relevant documented delegation of these limits across the various trading books as appropriate.
Ensure adequate systems and information flow to allow monitoring and management of these risks.
Ensure that other categories of risk to which the Company is exposed (e.g.
legal, operational, and reputational risk)
• Degree, preferably in a Mathematical / Scientific area, or A-levels followed by appropriate market relevant working experience.