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FX Desk Head

Employer
Hudson Singapore, EA Licence No: 18S9265
Location
Singapore, Singapore
Salary
Negotiable
Closing date
Oct 3, 2023

View more

Job Function
Foreign Currency
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Job Summary: The Head of FX Desk will be responsible for overseeing the daily operations of the FX desk, managing a team of traders, and driving the growth and profitability of the FX trading division. This role requires a seasoned professional with extensive experience in foreign exchange trading, risk management, and team leadership.

Key Responsibilities:
  1. Team Management and Leadership:
    • Lead, mentor, and manage a team of FX traders, ensuring high performance, development, and adherence to trading strategies and risk management protocols.
    • Foster a collaborative and innovative team culture that encourages knowledge sharing, continuous learning, and effective communication.
  2. Trading Strategy and Execution:
    • Develop and implement trading strategies for the FX desk, including trade execution, position management, and risk assessment to optimize profitability and minimize risk.
    • Monitor and analyze market trends, economic indicators, and geopolitical events to make informed trading decisions and adjustments to the trading strategies.
  3. Risk Management:
    • Develop and enforce risk management policies and procedures to ensure prudent risk-taking and adherence to regulatory requirements and compliance standards.
    • Monitor and evaluate trading activities to identify and mitigate potential risks, ensuring the overall stability and resilience of the FX desk.
  4. FX Product Knowledge:
    • Demonstrate a strong understanding of FX products, including FX spot, CFDs, and a plus if familiar with NDFs and Forwards, to effectively manage trading activities and develop appropriate strategies.
  5. Client Relationships and Engagement:
    • Collaborate with the Sales and Relationship Management teams to enhance client engagement, understand their needs, and provide tailored trading solutions and market insights.
    • Engage with key clients to address inquiries, resolve issues, and maintain a strong relationship based on trust and superior service.
  6. Performance Monitoring and Reporting:
    • Establish performance metrics and KPIs for the FX desk to track trading performance, measure team efficiency, and assess the success of trading strategies.
    • Prepare regular reports on trading activities, financial results, and market analysis for senior management and stakeholders.

Qualifications:
  • Bachelor's degree in Finance, Economics, or related field; advanced degree (e.g., MBA) is a plus.
  • Minimum 8 - 10 years of experience in foreign exchange trading, with a proven track record of success in trading and risk management.
  • Strong leadership and management skills with experience in leading and developing a team of traders.
  • In-depth knowledge of FX markets, trading platforms, trading systems, and risk assessment methodologies.
  • Excellent analytical and problem-solving skills with a keen understanding of global economic factors and geopolitical events impacting FX markets.
  • Familiarity with FX products such as FX spot and CFDs; knowledge of NDFs and Forwards is a plus but not compulsory.
  • Strong interpersonal and communication skills, with the ability to effectively engage and build relationships with clients and internal stakeholders.
  • Relevant certifications (e.g., CFA, FRM) are highly desirable.


Interested candidates please apply through this link or send a copy of your updated CV to Jeannie.Tan@Hudson.com

Hudson Global Resources (Singapore) Pte Ltd

EA Licence Number: 18S9265

Jeannie Tan Ying Bing

EA Personnel Registration ID: R1660951

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