bayt.com
Job Description
Head of Trading & Risk, (Onsite role in Dubai)
Lead the trading team from an operations & commercial perspective.
Role Description:
We are seeking a highly skilled, motivated and experienced Head of Trading & Risk to join us. The ideal candidate will have a strong background in quantitative trading, risk management, and proprietary trading strategies, with a minimum of 10 years experience.
As the Director of Trading & Risk, you will be responsible for overseeing all aspects of trading operations, trading positions, client portfolio and risk management for the entire group.
Responsibilities:
– Develop and implement proprietary trading strategies to optimize profitability and minimize risk.
– Develop and build out core OTC trading mandate, timelines and objectives with senior mgmt.
– Sits above risk and p&l of entire OTC trading desk and all books that develop underneath
– Drive the evolution of operational fund flows, settlement processes, third-party relationships with vendors etc.
– Builds and owns client relationships and works with broader instl sales and trading team to drive incremental OTC flow.
– Work with Insti sales team to cross sell, create new services & assets, alongside Compliance.
– Manage a team of quantitative analysts and traders, providing guidance and support to drive performance and achieve strategic objectives.
– Monitor market conditions and identify opportunities to capitalize on emerging trends and market inefficiencies.
– Conduct quantitative analysis to assess risk exposure and develop risk mitigation strategies.
– Collaborate with internal stakeholders, including senior management and trading desks, to align trading activities with business objectives.
– Maintain compliance with regulatory requirements and industry best practices related to trading and risk management.
– Continuously evaluate and enhance trading algorithms and models to adapt to changing market dynamics.
– Analyze performance metrics and develop reports to communicate trading results and risk profiles to key stakeholders.
– Stay abreast of industry developments and emerging technologies to drive innovation and maintain a competitive edge in the market.
– Foster a culture of collaboration, innovation, and excellence within the trade and risk management team.
Skills
Qualifications:
– Proven track record of success in quantitative trading and risk management roles, with at least 10 years of experience in a leadership capacity.
– Extensive understanding of financial and crypto markets, trading strategies, and risk management techniques.
– Proficiency in programming languages such as Python, R, or MATLAB for quantitative analysis and algorithmic trading.
– Strong leadership and communication skills, with the ability to effectively manage teams and collaborate with cross-functional stakeholders.
– Experience working in a fast-paced, dynamic environment with a focus on innovation and continuous improvement across new assets, protocols, NFTs etc
– Ability to thrive under pressure and make sound decisions in high-stakes trading environments.
– Knowledge of regulatory requirements and compliance standards relevant to trading operations.
– Comfortable managing position and counterparty risk and operating in a fast-paced trading environment