ThinkMarkets is a global online brokerage firm, specializing in providing multi-asset trading solutions to thousands of clients around the world. With our flagship ThinkTrader platform, we allow our clients to trade the world 24-hours a day. Our mission is to disrupt the brokerage industry by allowing access to global markets and thousands of products to allow our clients to trade the world in the palm of their hand. We use the latest technologies to give traders seamless access to our proprietary trading platforms.
We are seeking a Head of Trading – MENA to join our rapidly growing global workforce in Dubai. This individual will act as the manager of our MENA trading business and will be responsible for the positions, risk, and ultimately, the profitability of the regional office. You will be responsible for ensuring regulatory and internal compliance of all employees who are part of our MENA trading operation, and for building a close relationship with management to consult on new and ongoing business decisions.
A strong candidate will have strong numerical and analytical skills, sound commercial judgement, and solid knowledge regarding capital markets and trading architecture/environment.
Responsibilities:
- Execute Margin FX, CFD, equity, and equity derivative transactions
- Implement corporate risk management and trading desk policies and be responsible for the risk profile, execution, and profitability of the MENA trading desk
- Manage the global risk book during MENA hours, coordinating with overseas colleagues for seamless position handovers and issue resolution.
- Efficiently monitor, identify, control, and resolve risk, as well as any trading related issues
- Maintain and enhance liquidity relationships
- Improve price streams across asset classes, including custom price feeds
- Make recommendations to grow the business through the expansion of product offerings catered to the client's appetite
- Actively manage book exposure to ensure risk management goals are achieved
- Demonstrate a solid understanding of the retail market paradigm and identify possible abuse scenarios
- Regularly provide a high-level overview of the MENA trading desk operations to management
- Work closely with the commercial team to make decisions on potential business in real-time, assisting in the pricing and trading review of any significant potential partners, clients, or transactions
- Actively contribute to the execution function in its assessment of liquidity and quantifying overall value-add
- Strong awareness of operational market developments and ensuring solid broker/counter-party relationships across electronic, high-touch, and agency desks
Requirements:
- Must have a degree in Economics, Statistics, Applied Mathematics, Physics, Engineering or a related field
- 5+ years of experience in Risk or Trading roles, ideally within the margin FX and CFD sector, as well as other derivative products and cash equities
- Broad and thorough working knowledge of FX, CFD, and derivative products
- Excellent quantitative skills, including derivatives pricing models, flow analysis and risk analysis
- Experience with scripting and database languages (primarily Python and SQL)
- Strong decisiveness with the ability to process complicated information quickly and accurately under pressure
- Strong understanding of operational risk, compliance, and appropriate regulations
- Excellent documentation, communication, problem-solving, and cross-functional collaboration skills
