Trader London, England
Crédit Agricole CIB
Full Time
London, England
10.56 - 12.04 GBP Today
Job description
Job description
Business type
Types of Jobs - Corporate & Investment Banking
Job title
Trader
Contract type
Permanent Contract
Management position
No
Job summary
Responsible for trading within authorised trading limits on the Private Placement desk, i.e. the risk parameters and designated currency and product limits in order to achieve revenues within pre-established limits and objectives.
Trades are predominantly in all currencies for which CA-CIB acts as an arranger on Private Placements and ABS bonds but the trader will be expected to trade our other books in support if required. Products will include Private Placements (vanilla and structured), CDs, EMTN notes, Repacks, and related hedging products including: government bonds, repo FRA’s, interest rate swaps, cross currency swaps, all GMD authorized structured swaps and options, IR & equity futures, FX spot and forwards.
Key Responsibilities
Strategy and Business Planning
- Market making for customers and designated exchanges in Private Placements and ABS bonds.
- 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 Global Head of Private Placement and Retail 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
- Manage and hedge the overall risk of the Private Placement & Retail Trading portfolio on an intra and inter day basis.
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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 Private Placement & Retail 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.
- Risks manage the trading book for which responsible. Maintain such risks within the risk limits delegated by Market Risk together with any additional limits imposed by Private Placement & Retail Trading.
Position location
Geographical area
Europe, United Kingdom
City
London
Candidate criteria
Minimal education level
High school / Secondary school / A levels / AS levels / IB
Academic qualification / Speciality
Degree, preferably in a Mathematical / Scientific area, or A-levels followed by appropriate market relevant working experience.
Experience
Experience in financial products related trading/ risk management activities.
DESIRABLE
Experience in trading and risk managing a trading book, where applicable.
Technical skills required
Team oriented.
Excellent communication skills and able to coordinate effectively with other Senior Managers, Sales, Structurers and Quants.
Ability to think quickly, make decisions using good judgement and prioritise in busy trading situations.
Ability to remain calm under pressure.
IT literate.
Thorough knowledge of financial derivatives including market liquidity (ability to enter or exit a position) and volatility (magnitude / speed of price change), pricing and trading/hedging strategies.
Strong numerical, analytical and spreadsheet skills.
DESIRABLE
Competent in a second language
