Jun 2013 – Nov 2016 · 3 yrs 5 mos · London, United Kingdom

• Emerging Markets Vol desk:
• Coverage of EEMEA indices: RDXUSD/RTSI$ (Russia), TOP40/JSHR40 (South Africa), XU030 (Turkey), WIG20 (Poland).
• Pricing in emerging indices, single names and USD-composites (for MENA names/baskets) for institutional & fast-money clients.
• Setting up index dispersion in South Africa and vol spreads in dual-listed names: AGL/AAL, BIL/BLT, BTI/BATS, CFR, SAB.
• Running a combined flow/corporate trade book of up to $30mm delta, $20mm gamma and $1.5mm net vega exposure.
• Hedging out EM option risk through SPX/SX5E and regional US-listed ETFs: EEM, RSX, TUR, FXI, EPI and EWZ.
• Managing vanilla/Asian collar-based corporate trades on 5 stocks with daily/weekly notionals of up to 2x average daily volume per tranche.
• Tools developed:
• Index Forward Pricer: updating automatically for changes in stock weighting, dividend timing and interest rates.
• Live Index Auction Overview: to improve pin risk management close to expiry and hedging of outliers in closing auction.
• Maturity vs %-Strike Matrix: to visualize specific positions contributing to each option greek risk.
• End-User Option Trade Matrix: to determine dealers' cumulative exposure per strike across South Africa indices pre-expiry.
• $-based Daily Volume Charts: to calculate max size in which sector/regional-based over/underwrite strategies can be facilitated.
• Wider responsibilities:
• Building prospectus of derivative-based trade ideas and charts as part of South Africa and New York marketing campaigns.
• Daily reporting of aggregate risk and PL for Emerging Markets team and the entire equity floor to the bank's management.

Jul 2012 – Jul 2012 · 0 mo · Amsterdam Area, Netherlands

• Simulation daytrading during July with focus on Euronext listings.
• Range trading of financials (BNP Paribas, Societe Generale)
• Dip-buying of stocks involved in acquisition rumours or business divestitures (ASML, Arkema).
• Trend-following positioning in stocks with major upgrades/downgrades (Carrefour) or Q2 earnings surprises (Peugeot, Renault).

Feb 2011 – Jan 2012 · 11 mos · Amsterdam Area, Netherlands

• o Single Stock Options Market-Making desk:
• Electronic market-making in contracts until Dec 2012 expiry in large-cap financials, telecoms, technology, oil and FMCG stocks.
• Created inter-month and inter-stock vega and skew spreads based on historical volatilities and term structures of underlying names.
• Integrated quoting to the broker market with screen trading to improve P/L and position management of portfolio.
• Traded options on stocks involved in rights issues, takeover speculation, short stock rate changes and going ex-dividend.
• Traded dividend levels by combining real-time market insight with historical correlations between net profit and mean payouts.
• Updated Mid Office personnel on discrepancies in brokerage fees, exchange rebates and dividend withholding taxes.
• o Skills acquired: gamma hedging, box pricing, delta hedging at expiration, option theory, trading spin-offs and stock splits, quoting in straddles, strangles, call/put spreads, calendar spreads, risk reversals, butterflies, synthetics and dividend futures.
• o Index Trainee spot:
• Traded 2 front month expiries of major European indices; analysed changes in option greeks on position value and risk matrices.
• o Certifications passed: Eurex & Xetra trader exams (04/2011) – authorized to trade ESX, DAX, CAC & AEX index options and French, German, Dutch and Belgian equity options listed on Eurex, Liffe and Euronext exchanges.

Jun 2010 – Sep 2010 · 3 mos · London, United Kingdom

• o Cash Equities Trading:
• Constructed Bloomberg-linked Excel model providing data on relative liquidity in a stock across hourly intervals vs. rolling 20-day moving average and vs. Eurostoxx 600 sector average.
• Extracted key information from local broker on a Kenyan rights issue; calculated whether opportunity for arbitrage existed.
• o FX Spot & Options Trading:
• Investigated success rates of fading price action in G10 pairs at 08:20, 13:15 and 16:00 fixes for up to 30 mins over a 3-month period and determined mean P&L accrued.
• Developed sheet comparing realised vols in four G10 pairs over 24-hr periods to Bloomberg-quoted overnight ATM vols allowing forward traders to anticipate over/undervaluation.
• Compiled BIS data on daily spot, forward and option volumes per pair allowing traders to decide on bid/offer quotes made.
• Built database of existing and prospective Singapore-based hedge fund and asset manager clients with contact information.
• o G10 IR Swaps Trading:
• Assisted in building of pricing model for any Euro IR swap with duration between Aug 2010 and Dec 2020 using LIBORs.
• Built database allowing IR salesforce to evaluate frequency of matches between MS-originated new and unwound swaps.
• o Group Projects:
• Assessed profitability of MS facilitating bond financing of Chinese state-owned enterprise(s) implementing plans for retirement home provision across metropolises over next 20 years;
• Proposed equity L/S hedge fund investment model for eco-friendly comps.

Apr 2009 – Apr 2009 · 0 mo · London, United Kingdom

Oct 2008 – Oct 2009 · 1 yr · London, United Kingdom

• Evening hours (6pm - 1am; 1am - 8am).
• Compiled monthly, quarterly and annual service usage reports in Excel for public sector clients (police/healthcare)
• Performed operational review and relayed changes in usage/language popularity to recruitment dept. on monthly basis.
• Captured details of bookings via telephone and resolved customer requests/queries.
• evening/weekend position (30 hrs/week) undertaken alongside university.

Aug 2008 – Sep 2008 · 1 mo · London, United Kingdom

Jun 2008 – Jul 2008 · 1 mo · London, United Kingdom