Senior Trader - Johannesburg, South Africa - FirstRand

FirstRand

Verified Company

Johannesburg, South Africa

1 week ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

About us, purpose, experience and qualifications

about us:

purpose:

To grow and optimise desk performance and profitability across allocated product type and geography.

To drive and manage the assigned Markets trade desks through integrated and innovative product optimisation, people capability, risk mitigation and enabling processes and technologies
experience and qualifications:

Degree (BSc. BCom)
Completion of required legal registrations (registered persons and JSE requirements)

Note:
these registrations can be completed while in employ within agreed timeframe Preferred qualification:

Degree (Mathematical, Agricultural Economics, Economic, Statistical field) Technical Knowledge/ skills and experience
In depth knowledge of:
Local and International Agricultural Markets
Global and Financial Markets
Global Market products
Application of economic data eg. Interest rates, finance
Enabling technologies
Baseline coding skills Competencies:
Analysis and Attention to Detail
Big Picture
Drive and Results Orientation
Problem Solving
Customer Service Orientation
Building Relationships
additional requirements:

responsibilities:

Understand key competitors, global trends, industry dynamics and key macro environmental forces to analyze and identify desk opportunities and threats. This includes participation and involvement with industry/regulatory forums (where relevant)
Understand the impact of economic and fundamental indicators e.g. Local and international Supply & Demand, Import & Export parity, exchange rates, emerging markets, global influences (e.g. oil prices) to establish a bestfit position for the desk to effectively trade risk
Build pricing models that are integrated and relevant in order to establish the fair value of desk product/s
Analyzing fundamental and historical relationships between products traded on the desk
Build multidimensional "whatif" scenarios to establish desk positions
Understand the evolving product segment needs in the allocated geography to share information, trade ideas and opportunities that are relevant and bespoke
Rely on company and other market economic views to formulate desk tactics for the assigned product/s across the geography to enable improved revenue growth
Manage desk profitability in line with the desk mandates (includes all relevant limits) This includes ensuring that profit and loss (P& L) positioning is reviewed and that submitted predictions are reliable
Developing and exploring new markets and products to expand the current product offering to clients within the desk's mandate
Analyze, identify and evaluate the desk risk areas.
Generate and implement appropriate controls and solutions to address desk gaps and to mitigate against risk exposure
Display a workable knowledge of relevant systems and interdependencies between these systems
Understand and stay close to the needs, wants, motivational perceptions and trading behaviors of desk client groups to ensure solution relevance
Provide new product offering according to clients' needs where possible