London, England, United Kingdom
With over 25 years of intensive involvement in FX and Rates trading, I possess considerable expertise in constructing pricing models, quoting prices, and conducting transactions for clients and funds. My distinguished trading tenure includes significant accomplishments at Citibank and Barclays Capital's Derivatives Desk. My professional journey commenced in 1996 at Citibank, where I developed the inaugural MIS systems for Global Transaction Services. That same year, I transitioned to the Consumer Treasury desk, taking on the role of FX and Money Market Trader. In this position, I managed risks for a GBP 2 billion mortgage portfolio and 16 different currencies. Beyond my exemplary trading record, I was instrumental in creating comprehensive position monitoring, risk management, and reporting frameworks. My tenure at Citibank's Global Treasury division involved overseeing the global EUR cash book and the CIPLC trading book. I successfully reconciled annual NRFF discrepancies exceeding USD 20 million by implementing systems I engineered, which facilitated the creation of electronic audit trails. This role afforded me an in-depth understanding of cash and derivative markets, particularly during the tumultuous period surrounding the 9/11 crisis. At Barclays Capital's Derivatives desk, I was responsible for EUR rates and innovated by designing and developing the short-end EUR pricing model for the BARX system. Additionally, I managed the EUR short-end rates risk and served as the primary contact for the ECB's Money Markets Group on behalf of Barclays Capital. During a five-year tenure as the Head of the Short EUR Rates Desk at Tradition Ltd., I crafted my proprietary derivatives pricing models. My efforts significantly contributed to the desk, delivering over 80% of the transaction volume between 2007 and 2011 for an eight-person team, which garnered top rankings in RISK magazine. My client portfolio included prestigious institutions such as JP Morgan, Deutsche Bank, Citibank, Barclays Capital, and Danske Bank. My past experiences presented unique opportunities to learn many schools of thought, methods and strategies. I assisted in finding and executing trades which worked extremely well throughout the Global Financial Crisis and beyond.
- Create, distribute, and review daily Market Risk reports, stress tests, and real-time risk monitoring for stakeholders and senior management. - Assist in developing and maintaining stress testing models, margining models, and risk analytics tools for FX and CFD products. - Perform statistical analysis of market conditions, validate data, and ensure accurate analysis of quantitative risk issues. - Contribute to improvements in risk management techniques through advanced quantitative methods and regular model validation.
- Develop, monitor, and report risk metrics for compliance. - Interpret stress test results to improve risk reporting, including market and credit counterparty risk reports. - Produce board-level management information and act as the liaison for Financial Risk in Group projects.
- Delivered financial markets education to university students and new hires at various financial institutions. - Developed trading strategies, teaching materials, as well as testing and scoring schemes for the in-depth evaluation of course attendees. - Ensured that trading and risk management practical skills are ingrained in the participants' behaviours, making them fully prepared and work-ready for the financial industry.
- Responsible for developing and executing option strategies in major rate markets. - Designing and building sophisticated quant models for finding value trades.
- Responsible for developing and executing option strategies in major rate markets. - Designing and building sophisticated quant models for finding value trades. - Designed and built a fully automated operations/back office system for the desk, (trade capture/ allocations/ confos/ reconcilliations/ reporting) - Set-up and ran FnO Desk specifically to handle basis futures crosses, built databases and data handling facility to fully automate the desk.
Interbank Broker for European Rates, Eonias Swaps and FRAs - Ran Short End EUR swaps desk (9 people). Designed and built pricing models which helped achieve record revenues for the desk, 5 years in a row.