Our client is part of an international group of companies from South Korea that are in the process of acquiring as CySec License to operate as a Cyprus Investment Firm as well as the EMI license from the Cyprus Central Bank for their group holding company here in Cyprus.
They will be positioning themselves as a leading global forex trading company with both Forex and Option trademarks established in more than 10 countries already including (EU, Russia, Thailand, Malaysia, India and Brazil).
They will have an MM license to be acquired through CySec along with an Investment Dealer License through an offshore regulation, as well as the EMI license through the Cyprus Central Bank, ensuring their compliance with all the relevant laws and standards by jurisdiction, offering services to both EU and non EU clients through their integrated HQ to be based here in Cyprus.
As a group they have over 10 years of experience in financial platform development and through their FX and Options brands they will offer trading in Stocks, Commodities, Indices, Currency Pairs, Cryptocurrencies etc. as well as Vanilla and Exotic Options through the Options brand.
They are now looking to hire a Chief Dealer that will be responsible for the establishment and management of their dealing department/function for their HQ to be based here in Limassol.
The ideal candidate will have:
A University Degree in Physics, Financial Engineering or Mathematics is preferred.
A minimum of 7 years experience in forex spot trading, exotic options pricing and high-frequency trading.
Extensive experience in MT4/5 Trading Systems (both MT4/5 Manager and MT4/5 Admin) as well as technical setup of these systems.
A strong understanding of best execution policies and procedures.
Proficient in SQL, MATLAB/Python/R/C++ and Excel.
CySEC Advanced Certificate
Fluent and articulate in English (Verbal & Written).
Key responsibilities before launch:
Must be able to work in Republic of Korea during business set-up period (Max. 3 Months))
Leading the overall preparation for the Forex/CFDs business set-up
Responsible for the initial business set-up including
RTO structure(A/B Book), instruments and trading conditions
Guidelines, procedures and staff training for the dealing function/department
Testing of the MT4/5 Admins and Managers integrations, price feed, LPs and trade plug-ins(execution, distribution etc.)
Implementing the Best Execution factors within the company’s Order Execution Policy
Implementing the hedging strategies
Key responsibilities after launch:
Managing day-to-day risk of our trading books
Maintaining and/or restoring the trade flow
Client trading patterns analysis and reporting
Developing risk management models and algorithms
Preparing dealing reports(exposure check, price feed, LP volume etc.)
Preparing own account reports(net equity balances, PNL, exposures etc.)
Suspicious and abusive trading activity reporting
Preparing the daily market analysis (technical and fundamental)
The time frame would be to have someone join them from January 2021 and the selected candidate will need to be able to be based in Seoul, Korea for the initial 3 months, with the official launch set for June 2021.
Excellent salary based on experience plus bonus based on performance and company benefits
To apply for this vacancy please send an English version of your CV to [email protected] with subject: Chief Dealer VAC-19555T
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