Trader - Cross Currency & Non G3 Rates - London, United Kingdom - Crédit Agricole CIB

Crédit Agricole CIB

Verified Company

London, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

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Description

Job description

Business type:

Types of Jobs
Corporate & Investment Banking

Job title:

Trader
Cross Currency & Non G3 Rates

Contract type:

Permanent Contract

Management position:

Job summary:

Summary
Responsible for trading within authorised trading limits on the Cross Currency & Non G3 Rates Linear desk, i.e. the risk parameters and designated currency and product limits. In order to maximise revenues within pre-established limits and objectives.-
Key Responsibilities

Strategy and Business Planning
Market maker for customers in the Cross Currency & Non G3 Rates Linear Derivatives desk.
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.
Provide technical support and direction to more junior staff.
Management and Reporting- Report Daily P&L, risk and key market movements to management.
Report to the Head of Cross Currency & Non G3 Rates Trading on an informal basis on the progress of the business and specific issues.
Mandate- 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.
Risk- In conjunction with the Head of Cross Currency & Non G3 Rates Trading, establish overall risk parameters.
Manage and hedge the overall risk of the Cross Currency & Non G3 Rates Linear 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 Cross Currency & Non G3 Rates.
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) are identified to the extent possible within the trading function. Such risks should then be delegated, documented and managed as appropriate within acceptable levels.