Equity Swaps Trader
Role Overview:
Our client is seeking an experienced Equity Swaps Trader to join a leading global investment bank's Equity Derivatives and Prime Brokerage team in Dubai. The successful candidate will manage client flow and risk in Total Return Swaps (TRS) and related equity financing products, servicing Middle East-based hedge funds, family offices, and institutional clients.
Key Responsibilities:
Market-Making & Risk Management
- Quote and execute single-stock and index TRS, custom baskets, and related equity financing products.
- Manage risk across delta, borrow, dividend, and funding exposures.
- Optimise hedging strategies using cash equities, futures, and options.
Client Coverage & Relationship Management
- Build and maintain relationships with regional clients (GCC family offices, hedge funds, sovereign wealth funds).
- Provide trade ideas, market colour, and bespoke solutions tailored to client needs.
Pricing & Structuring
- Collaborate with structuring and prime brokerage teams to deliver competitive pricing and innovative solutions.
- Incorporate stock borrow costs, corporate actions, and dividend forecasts into pricing models.
Operational & Regulatory Compliance
- Ensure adherence to DFSA/ADGM regulations, internal risk limits, and trade life cycle controls.
- Work closely with operations and legal teams on ISDA/CSA documentation.
Qualifications & Skills:
- Experience: 3-7 years in Equity Derivatives / Swaps Trading or Sales-Trading, ideally with exposure to TRS and equity financing.
- Strong understanding of equity market micro structure, hedging strategies, and risk management.
- Familiarity with Prime Brokerage, stock borrow/loan, and corporate actions.
- Proficiency in pricing tools (e.g., Murex, internal pricers) and market data systems.
- Excellent communication and relationship-building skills; ability to work with regional clients.
- Arabic language skills or GCC market experience is a plus.
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