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Head of Trading

1.00 to 10.00 Years   Dubai, United Arab Emirates   02 Mar, 2024
Job LocationDubai, United Arab Emirates
EducationNot Mentioned
SalaryNot Mentioned
IndustryFinancial Services
Functional AreaNot Mentioned

Job Description

Head of Trading & Risk - lead the trading team from an operations˙& commercial perspective.˙˙Role Description:We are seeking a highly skilled, motivated and experienced Head of Trading & Risk to join us. The ideal candidate will have a strong background in quantitative trading, risk management, and proprietary trading strategies, with a minimum of 10 years experience.As the Director of Trading & Risk, you will be responsible for overseeing all aspects of trading operations, trading positions, client portfolio and risk management for the entire group.Responsibilities:- Develop and implement proprietary trading strategies to optimize profitability and minimize risk.- Develop and build out core OTC trading mandate, timelines and objectives with senior mgmt.- Sits above risk and p&l of entire OTC trading desk and all books that develop underneath- Drive the evolution of operational fund flows, settlement processes, third-party relationships with vendors etc.- Builds and owns client relationships and works with broader instl sales and trading team to drive incremental OTC flow.- Work with Insti sales team to cross sell, create new services & assets, alongside Compliance.- Manage a team of quantitative analysts and traders, providing guidance and support to drive performance and achieve strategic objectives.- Monitor market conditions and identify opportunities to capitalize on emerging trends and market inefficiencies.- Conduct quantitative analysis to assess risk exposure and develop risk mitigation strategies.- Collaborate with internal stakeholders, including senior management and trading desks, to align trading activities with business objectives.- Maintain compliance with regulatory requirements and industry best practices related to trading and risk management.- Continuously evaluate and enhance trading algorithms and models to adapt to changing market dynamics.- Analyze performance metrics and develop reports to communicate trading results and risk profiles to key stakeholders.- Stay abreast of industry developments and emerging technologies to drive innovation and maintain a competitive edge in the market.- Foster a culture of collaboration, innovation, and excellence within the trade and risk management team.

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