Senior Trader, em Gold/fx

Senior Trader, EM Gold/FX

Location: Singapore
Employment Type: Full-time
Department: Trading (Emerging Markets, Precious Metals & FX)
Seniority: VP/Director

About the role
Seeking an experienced EM Gold/FX Senior Trader to lead market‑neutral and liquidity‑driven strategies across emerging market precious metals and currencies. The role focuses on extracting policy
- and microstructure-driven alpha with disciplined risk, robust execution, and explainable, audit-ready trading processes suitable for institutional capital.

Key responsibilities
- Strategy and P&L
Originate, calibrate, and manage EM gold/FX strategies (spot, forwards, swaps, options) with clear alpha hypotheses, risk budgets, and KPIs (Sharpe, hit ratio, drawdown, turnover).
Deliver consistent, uncorrelated returns with strict drawdown and VaR controls; own daily/weekly P&L attribution and variance analysis.
- Execution and microstructure
Source and internalize liquidity across banks, ECNs, RFQ, voice, and local counterparties; optimize execution via TCA, slippage/impact analytics, and venue selection.
Exploit regional microstructure (fixing windows, holiday calendars, basis dislocations, on/offshore splits, CNH/CNY dynamics) and cross‑asset signals (rates, commodities).
- Risk management
Implement position limits, stop‑outs, and scenario/CCAR‑style stress tests; manage basis, tenor, and counterparty risks; calibrate leverage and margin usage.
Maintain hedging playbooks for volatility regimes and event risk (macro prints, policy moves, geopolitics).
- Research and tooling
Collaborate with quant/engineering to translate alpha hypotheses into systematic signals; design features, conduct A/B tests and walk‑forward validation.
Define data quality standards (tick integrity, timestamping, venue flags); contribute to model monitoring and drift detection.
- Controls and compliance
Adhere to best‑execution, trade surveillance, and market conduct policies; ensure full trade lifecycle documentation and audit trails.
Maintain explainability for signals, orders, and allocation decisions; support internal/external audit and regulatory reviews.
- Stakeholder management
Partner with treasury, risk, and operations for funding, margin, and settlement; present strategy, risk, and performance to investment committees and clients.

Minimum qualifications
- 7-12 years’ trading experience in EM FX and/or precious metals (sell‑side or buy‑side), with proven live P&L ownership.
- Mastery of core products: spot, forwards, NDFs, swaps; options familiarity preferred (delta‑one mandatory).
- Demonstrated edge in EM microstructure (Asia focus preferred): liquidity sourcing, basis/funding dynamics, and execution optimization.
- Strong risk discipline: experience running tight drawdown limits, VaR, and scenario testing; clear philosophy on leverage and tail risk.
- Technical proficiency:
Hands‑on with Python/R or execution scripting for backtests and analytics.
Comfort with TCA, order book analytics, and API/algorithmic execution.
- Excellent documentation and communication: ability to write trade plans, risk memos, and post‑trade reviews suitable for institutional oversight.

Preferred qualifications
- Prior track record in market‑neutral or low‑beta alpha strategies with stable Sharpe and low max DD.
- Experience integrating with prime brokerages, multiple ECNs, and regional on/offshore venues; established counterparty network.
- Familiarity with model governance/XAI concepts and performance attribution frameworks.
- Understanding of collateral optimization, PB margin models, and funding cost management.
- Knowledge of regulatory environments across Singapore and key EM jurisdictions.

Key performance indicators
- Annualized Sharpe and information ratio; consistency of monthly returns.
- Max drawdown and time‑to‑recover; realized vs. ex‑ante risk (tracking error, VaR).
- Execution quality: TCA (slippage vs. benchmarks), fill ratios, venue alpha.
- Capital efficiency: ROA/ROE on margin usage; turnover vs. cost of carry and transaction costs.
- Process quality: completeness of audit trails, incident‑free compliance.

What we offer
- Competitive base + performance‑linked bonus tied to risk‑adjusted returns and governance adherence.
- Access to multi‑venue execution stack, high‑quality market data, and quant/engineering support.
- Clear growth path toward Portfolio Manager or Trading Lead with product expansion opportunities.

How to apply
Submit a resume and a concise strategy summary (1-2 pages) covering:

- Target instruments/venues and alpha thesis
- Risk limits and expected drawdown profile
- Execution approach and TCA methodology
- Live or paper track (headline stats) and monitoring framework

**Applications are screened by an external HR consultant; indiscriminate submissions may result in blacklisting from future opportunities.**

Eligibility
- Singaporeans/PRs and holders of valid work authorization.