Equity Derivative Trader

1 week ago


Johannesburg, South Africa FirstRand Full time

About us, purpose, experience and qualifications

**about us**:
**purpose**:
Primary responsibility is to generate revenue and manage the risk in the flow trading options book for single stocks. Additionally, will assist in the build out of the electronic and algorithmic trading capability, including expanding the product set to trading on offshore equity assets and exotic payoffs. The individual will implement new trading and hedging strategies, to generate new commercial lines, improve profitability and efficiency of existing business. Responsible for developing and updating various desk processes, including but not limited to: option trading models, back-testing strategies, client reporting modules, Murex configuration and trading tools.

**experience and qualifications**:

- Required Qualification
- Degree (BSc. BCom)
- Completion of required legal registrations (registered persons and JSE requirements)
- Note: these registrations can be completed while in employment within agreed timeframe
- Preferred Qualification
- Degree (Mathematical, Engineering, Statistical or Finance field)
- Technical Knowledge
- In depth knowledge of:

- Global and financial markets
- Global Market products
- Application of economic data eg. inflation rates
- Enabling technologies
- Baseline coding skills
- Experience:

- Profitability track record
- Experience in market risk management \ quantitative analysis \ trading
- Coding and financial modelling experience beneficial
- Market reputation
Competencies:

- Analysis and Attention to Detail
- Big Picture Thinking
- Drive and Results Orientation
- Problem Solving
- Building Relationships



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