Description Summary: FX / Rates Trading Risk Specialist, Reset
For this role, previous experience trading interest rate and/or FX products is essential. Hands-on experience in options pricing and risk management would be ideal.
RESET delivers innovative solutions for the challenges of managing fixing and strike risk in trading portfolios. We focus on second order risks that result from the underlying instruments traded and the accumulation of imbalanced exposures over time. Our specialists have direct trading experience in multiple markets, allowing us to help traders solve a wide variety of needs beyond simply accessing a very deep, global liquidity pool. RESET currently offers matching services in Rates (FRA/SPS, Inflation and Basis Swaps) and FX (NDF, FX Options).
RESET is now part of OSTTRA, a joint venture owned 50/50 by CME Group and IHS Markit. For more information, please visit www.reset.net and www.osttra.com
Principal accountabilities • Risk specialist role responsible for achieving revenue targets by maximizing participation in Reset runs - actively guide support sales and operations team members to optimize Reset efficiency and results • Curve creation for Reset runs in OTC rates and fx products • Reviewing and actively managing risk parameters for conservative and effective run results • Responsible for final sign-off of runs prior to execution • Work closely with sales team to build strong long-term relationships with customers, and potential customers, with a particular focus on engaging with clients on technical risk parameter discussions • Support and lead the development and specification of new initiatives, broadening revenue streams via new product development and roll-out • Assist Development and Project Managers define expansion of Reset functionality • Pro-actively seek client feedback to assist in service development and enhancement • Regular verbal updates, progress reports to management
Leadership/Strategy • Works collaboratively with Shared Services functions (Technology, Marketing, Clearing, Finance.) as well as other Business lines to develop coordinated strategies, where appropriate.
Sales/Account/Relationship Management • Applies extensive knowledge of product/services when representing Reset and CME Group to internal and external audiences (e.g. current clients, target clients, conferences, etc). • Relationship management of existing client base with a focus on maximizing client participation and experience in Reset runs to grow revenues • Develop and prioritize a targeted pipeline of new client opportunities • Manages the communication flow between client and Operations before/during/after Reset runs to ensure effective client results and experience
Risk Management • Curve creation for Reset runs • Engaging with clients on technical risk parameter discussions if and when needed • Responsible for final sign-off of runs prior to execution • Reviewing and actively managing risk parameters for conservative and effective run results
Product Management/Development • Leads expansion of services to new products and asset classes
Skills and software requirements • Previous experience in trading and risk management of interest rate and FX products essential • Hands-on experience in options pricing and risk management ideal • Ability to work with sales team to market and communicate with clients and various institutions • Strong general financial product and market knowledge across multi-assets in FX, Rates and other financial markets • Solid understanding of market pricing across multi-product environment essential • Ability to build bespoke market pricing tools in Excel ideal • Experience with Bloomberg functionality ideal • Understand and anticipate changing business needs as a result of evolving risk and regulatory environments
CME Group: Where Futures Are Made
CME Group (www.cmegroup.com) is the world's leading derivatives marketplace. But who we are goes deeper than that. Here, you can impact markets worldwide. Transform industries. And build a career shaping tomorrow. We invest in your success and you own it, all while working alongside a team of leading experts who inspire you in ways big and small. Problem solvers, difference makers, trailblazers. Those are our people. And we're looking for more.