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Trader - Sales and Trading


Riyadh, Riyadh Province
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Job Details

Overall goal The STS Execution Employee works closely with the Head STS Execution Saudi to deliver a high quality of service to the front office The main tasks include Provide a high quality of service to internal clients thereby assisting the RM and Portfolio manager teams to deliver the revenue targets in alignment with the business objectives Liaise with internal intermediaries for execution of orders settlement of trades and building relationships Keep abreast with the product knowledge and market intelligence Ensure that all compliance and legal guidelines are adhered to and mitigation strategies followed in case of errors Daily cooperate with Operations Team for resolution of all trade related issues Participate in and contribute to local and global projects IT regulatory risk etc Maintain a symbiotic relationship with relationship teams by supporting their efforts to enhance business by dealing with them in a transparent manner on pricing of products and offerings Responsibilities and key tasks The STS Execution employee works closely with the local Head STS Execution and acts as a deputy during absences Provide a high level of service in execution and reporting of transactions in Equities Fixed Income Structured Products Derivatives Funds and MM FX Executing the transactions promptly and efficiently by ensuring that the orders are passed onto the relevant intermediary immediately upon receipt Accepting orders from RM Team and Portfolio managers Following all relevant internal processes while accepting orders passing them on for execution and in reporting the execution of orders Minimizing the possible losses due to operational and execution related errors Monitoring incoming orders to ensure prompt accurate and efficient execution with close to zero errors and losses due to operational failures Managing the order book Placing orders once received from clients Keeping in constant touch with execution counterparties planning and monitoring the execution strategy in conjunction with the concerned RM Maintain the trade blotter for desk and reconcile with deal reports including sorting out any discrepancies Daily check of best executionProvide live prices and market information for RMs PMs Ensure proper reporting of order status and execution details Committed to being a team worker provide effective backup for other members of the team Assist Location Head in ensuring compliance with internally set limits for each parameter such as daily weekly monthly loss limits etc Properly document the instances of losses errors operational problems etc and follow the internal reporting guidelines Assist Location Head in ensuring that all local and global internal as well as external requirements met legal and regulatory requirements policies standards documentations etc Qualifications and Skills Degree in business administration banking or other relevant education Minimum of 2 3 years work experience as a multi asset class executor Candidates level should be from AVP to VP mid career level Must be Saudi GCC National Candidates are preferred to have Private Banking Wealth Management back ground Proven product know how and execution experience in trading of Saudi and international securities Project management and organizational skills Conceptual and analytical capabilities Excellent communication skills written and verbal in English and Arabic Additional languages are a plus
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