Axis Capital - Institutional Equities Derivatives Trader

Position Title: Derivatives Trader.

Department: Institutional Equities Broking.

Position Overview:

- The Derivatives Trader will support the business in managing significant trade volumes, focusing on trade reconciliation, currency risk management, and position risk management.

- The individual will be responsible for managing the main trader's daily P&L and market risk for a range of financial products, including single stock swaps, bonds, custom baskets, ETFs, indices, and stock derivatives.

Key Responsibilities:

- Manage daily trading activities for various derivatives products such as single stock swaps, index swaps, and ETFs.

- Develop and implement trading strategies with a focus on optimizing returns and managing risk.

- Liaise with onshore brokers, clearinghouses, and custodians for cash and margin management.

- Oversee the reconciliation of trades, monitor currency and position risk, and ensure adherence to risk management protocols.

- Collaborate with Technology, Operations, Quant Strategists, Product Control, and Risk Management teams to enhance existing trade structures and develop new tools.

- Maintain a deep understanding of Delta One products, including single stock swaps, index swaps, and P-notes.

- Analyse market trends, price movements, and other factors to identify trading opportunities.

- Continuously monitor and evaluate market risk exposure to ensure the alignment with the firm's risk appetite.

Requirements:

- Degree in finance, Mathematics, Statistics, Engineering, or any other relevant degree.

- 8-10 years of experience in derivatives trading, with a focus on Delta One products.

- Strong knowledge of financial markets and derivatives products, including equity swaps, ETFs, and custom baskets.

- Existing relationships with Institutional clients.

- Proficiency in Python or VBA is a plus.

- Strong analytical and quantitative skills.

- Ability to work well under pressure, manage multiple tasks, and collaborate with various teams.

- Self-motivated and proactive, with a strong desire to continuously learn and adapt to market conditions.