Principal, FX Trader at Standard Chartered Bank

Job Summary

• Our Markets Traders identify, analyse and execute opportunities in the market, supporting the needs of our clients in a professional and fully compliant way. Our Markets business aims to become the leading emerging markets fixed income, financing, and securities service franchise, and a leader in sustainable finance, advisory, trading and asset servicing.
• The business will achieve this by expanding product capabilities, building on footprint market strength, developing our talent and using technology to transform our ways of working. We’re looking for highly capable individuals to join us and maintain the highest levels of integrity and professionalism, in line with our valued behaviours.

About Corporate & Investment Banking (CIB)

• For more than 170 years we’ve support clients with their transaction banking, financial markets, corporate finance and borrowing needs and provide solutions to nearly 20,000 clients in the world’s fastest-growing economies and most active trade corrido
• We are seeking a highly logical and commercially astute Foreign Exchange (FX) Trader to manage and execute the West Africa Foreign Exchange (FX) trading strategy. This role is pivotal in enhancing profitability, supporting client pricing needs, and capturing market opportunities through both intra-day and overnight volatility trading. The successful candidate will actively collaborate across internal and external networks to drive market engagement, deliver strategic growth, and ensure strict adherence to risk and compliance frameworks.

Key Responsibilities

Strategic Trading & Revenue Growth

• Execute trades on the Bank’s proprietary account, informed by robust market, economic, and technical analysis. Drive Foreign Exchange (FX) revenue growth by identifying and executing profitable trading strategies.
• Ensure competitive and timely client pricing in collaboration with the Corporate and Retail Desks

Market Engagement & Client Support

• Act as a key support to Corporate Treasury by enhancing client turnover through insightful pricing, feedback, and market positioning.
• Maintain strong relationships with internal stakeholders, regional sales teams, and global dealing centres to leverage market intelligence

Risk, Governance & Compliance

• Monitor market risk, counterparty limits, and regulatory changes, ensuring alignment with internal controls and external expectations.
• Oversee Foreign Exchange (FX) position monitoring and reconciliation throughout the trading day and at close of business.
• Promote a strong risk culture by embedding the Group’s values and Code of Conduct in daily activities

Operational Excellence

• Utilize advanced trading platforms and Information Technology (IT) systems for optimal execution and reporting of trades.
• Ensure trade profitability and performance metrics are consistently tracked and reported.
• Contribute to team knowledge sharing and process improvements

Leadership & Conduct

• Uphold a culture of integrity, ethics, and high professional standards in the Financial Markets team.
• Support colleagues and emerging traders by sharing best practices and market insights.

Skills And Experience
Must-Have Qualifications

• A Bachelor’s degree in a relevant discipline.
• Association of Corporate and Financial Professionals Dealing Certification (ACI certification) (mandatory).
• Minimum of 5 years’ experience in Treasury or Foreign Exchange (FX) trading within a reputable financial institution.

Technical Competencie

• In-depth knowledge of Foreign Exchange (FX) markets and financial instruments.
• Proficiency in interpreting economic trends and applying technical trading strategies.
• Strong understanding of regulatory frameworks governing financial markets.

Interpersonal & Business Skills

• Excellent communication, negotiation, and client relationship management skills.
• Strong decision-making capabilities with high attention to detail and risk awareness.
• Demonstrated ability to work across multicultural and cross-functional teams

Additional Skills

• Problem-solving mindset with a drive for innovation.
• High proficiency in trade systems and reporting tools.
• Comfortable working in fast-paced, high-pressure environments.

Competencies

• Action Oriented
• Collaborates
• Customer Focus
• Gives Clarity & Guidance
• Manages Ambiguity
• Develops Talent
• Drives Vision & Purpose
• Nimble Learning
• Decision Quality
• Courage
• Instills Trust
• Strategic Mindset
• Technical Competencies: This is a generic competency to evaluate candidate on role-specific technical skills and requirements