Company Description
Standard Bank Group is a leading Africa-focused financial services group, and an innovative player on the global stage, that offers a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals. Our clients range from individuals, to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.
Job Description
To support the Desk Head in managing and optimising the client facilitation and inventory books within the predetermined parameters, to maximise profit from flow activity and to achieve the Profit and Loss (P&L),To trade the assigned single product within the defined mandate to maximise trading book profit while adhering to defined risk levels, codes of conduct and statutory regulations.
Essential Functions
Data Insights - Leverage and assess data, insights and analytics to inform better price making against the market and desk value
Market Knowledge & Analytics - Monitor, collect and analyse historic, current and expected market developments, trends, and performance to proactively translate these into appropriate trading positions (discretionary) and price making activity.
Pricing risk - Determine consistent and competitive prices of a range of financial instruments and give and update quotes, in line with market vision and trading strategy. This includes generating transactions by quoting both a buy and sell price for a financial instrument to make a profit on the bid-ask spread.
Product Development - Stay abreast of industry and disruptor product offerings to ensure that the Equities business is able to take advantage of emerging opportunities
Regulatory Compliance - Adhere to all relevant organisational and departmental policies, processes, standard operating procedures and instructions to ensure work is carried out to the required standard and in a consistent manner while delivering high quality service to clients and stakeholders.
Risk Conduct - Maintain strong standards and principled conduct of conduct, ensuring that trade bookings activity is ethical and meets all required downstream criteria and that the risk is reflected accordingly.
Sales Enablement - Develop and maintain an understanding of client behaviours and respond to client needs either via sales teams or direct channels to provide quality (trading and product) market commentary and insights to the sales teams to inform a successful sales process and maintain high-quality client experiences.
Stakeholder relationships - Liaise with authorised counterparties, brokers, financial institutions and peers to ensure the agreed processes and functions are performed to allow consistent daily performance.
Track P&L - Check all bookings for Cash Equities and reconcile trading activities and compile activity, position and profit / loss reports according to defined schedules to highlight any anomalies and enable decision-making.
Trade execution - Trade the assigned product(s) and manage the resulting trading risk (within agreed proprietary trading limits, defined trading protocols, guidelines and risk levels) to ensure maximum profitability of the assigned trading portfolio, with guidance from Desk Head. Maximise and manage client flow within tolerances, as specified by guided loss ratios.
Trading Enhancement - Contribute to the simplification and modernisation of the asset class landscape so that the business has high availability and is competitive.
Qualifications
Type of Qualification: First Degree
Field of Study: Analytics
Type of Qualification: First Degree
Field of Study: Quantitative Studies
Experience Required
Macro Generic
Global Markets Trading Market Making
3-4 years
- Must have over 5yrs experience in cash equities.
- Seasoned experience trading one or more product / asset class with sound understanding of trading limits and of economic, regulatory and market drivers for Africa Trading. Proficient understanding of financial and global markets, economic and market drivers, risk and regulatory environments and license holder obligations in relevant jurisdictions. Proficient understanding and application of appropriate market knowledge, norms and principles in complying to market rules and regulations.
Additional Information
Behavioural Competencies:
- Articulating Information
- Developing Expertise
- Documenting Facts
- Examining Information
- Exploring Possibilities
- Following Procedures
- Interacting with People
- Interpreting Data
- Producing Output
- Providing Insights
- Team Working
- Upholding Standards
Technical Competencies:
- Business Acumen (Audit)
- International Market Knowledge
- Product Knowledge (Trading, Transacting)
- Risk/ Reward Thinking
- Trade Execution
- Trade opportunity creation
