Director - FX Trading Director - FX Trading …

Standard Chartered Bank
in New York, NY, United States
Permanent, Full time
Last application, 03 Aug 20
Standard Chartered Bank
in New York, NY, United States
Permanent, Full time
Last application, 03 Aug 20
Director - FX Trading
About Standard Chartered
We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.

To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.

We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.

The Role Responsibilities

To help the FX desk in the implementation of its strategy for profitable trading at acceptable risk while developing further the market share of SCB with corporate and institutional clients.

  • Assist in developing and implementing trading strategy for FX
  • Actively participate in the market to meet customer needs at competitive prices, and to effectively manage the risk for customer transactions
  • Awareness and understanding of the Group's business strategy and model appropriate to the role
  • To provide accurate and timely product-pricing services to Sales staff to meet customer needs at competitive prices and to effectively manage the risk for customer transactions
  • To manage the transaction and/or portfolio-based risk generated in trading by measuring the risk and adhering to the defined risk management rules and processes
  • To enhance SCB's reputation in the local and international markets through personally demonstrating a high level of professionalism and developing mutually beneficial working relationships with agents, advisors, counterparties, etc.
  • To share relevant market, customer and counterparty intelligence with colleagues in the SCB network in order that the Group derives maximum benefit from its networking potential
  • To work with FX team to build a scalable and sustainable Financial Markets franchise that services both our customers in the Americas and the SCB network
  • Achieving assigned full year budget as per annual P3 document
  • To increase SCB's visibility through competitive pricing during London and New York time zones
  • To deepen existing client relationships through regular conversations and by giving market color
  • To work with Sales/RM Teams to identify new prospects and client opportunities
  • Provide sales desk with competitive pricing and product support in our endeavour to out serve
  • To explore new products and structures to increase the breadth and depth of the market
  • Manage risk from client trades
  • Awareness and understanding of the wider business, economic and market environment in which the Group operates
  • No responsibilities under the ORF
People and Talent
  • Lead through example and build the appropriate culture and values. Set appropriate tone and expectations amongst colleagues and work in collaboration with risk and control partners
  • Contribute to continuous process improvement and sharing best practice
  • Lead and reinforce strategic change and ensure the organisation structure and people programs are aligned and geared towards supporting change
Risk Management
  • Manage risk within assigned limits and provide service to external and internal clients
  • Commitment to Group Code of Conduct
  • Timely completion of all e-learning, attestations and requests for information
  • Comply with guidelines as outlined in the annual dealer mandate
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.
  • Achieve the outcomes set out in the Bank's Conduct Principles: Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key Stakeholders

  • Sales, Research and Structuring globally
  • Relationship managers, Credit and Market Risk Officers
  • Legal & Compliance
  • FM Head, Americas
  • FXRC Trading, Americas
  • Head of Asia & FX Trading
  • Middle Office
  • Other band dealers and market makers
  • Brokers
Other Responsibilities
  • Embed 'Here for Good', and Group's brand and values in the CEEMEA and G10 FX teams
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures

Our Ideal Candidate
  • DF AAP
  • Series 7, 63

Apply now to join the Bank for those with big career ambitions.

To view information on our benefits including our flexible working please visit our career pages . We welcome conversations on flexible working.