Head of Macro Trading and Financial Markets

**Job Summary**
- Overall responsibility for Macro Trading and FM Vietnam. Responsible for the development and execution of Macro Trading and FM strategy in Vietnam.
- To work with Regional and Product heads to identify opportunities to grow the Vietnam franchise.
- Lead the teams to implement client strategy and collaborate with Country CEO and CIB Head to ensure overall alignment of business strategies and needs of the country.
- Manage internal stakeholders across CIB
- Accountable for FM budgets, costs, and revenue and to deliver against targeted ROE and RWA
- Works with CIB to bridge any product, segment and geographical silos to increase FM wallet
- Works with FM sales to build stronger and deeper relationships with clients and regulators.

**Key Responsibilities**

**Financial Market Trading**
- To lead the business in the implementation of its strategy for profitable trading at acceptable risk, and where appropriate, for influencing the development of the local market in the product to achieve annual Vietnam Macro Trading Total Product Income (TPI) budget, contribute to achieve global Credit TPI budget, FSS budget, RMA budget as set out in Performance Goals/Objectives specifically on yearly basis.
- Responsible for the development, implementation and delivery of the FM Trading plan
- Work with Regional and Product Heads to identify the initiatives to grow our franchise, especially in new ideas like financing through Vietnam banking book
- To work well with regional trading and sales heads to develop new products for Vietnam market
- to execute and deliver daily Macro trading activities.

**Financial Market**
- To collaborate with Country / Regional CEO and ensure alignment in CIB & FM businesses
- Internal stakeholder management:

- across CIB and the broader Franchise - ensuring the firm has transparency on the FM business, seek stakeholder support for FM needs and provide feedback to FM ExCo on country / regional stakeholder priorities/concerns
- to collaborate with operations to resolve issues and facilitate client activities
- to provide support and be a mentor/role model to the FM team
- Risk Management- Responsible for identifying, assessing, monitoring, controlling and mitigating risks for the country / region
- Advised of and to monitor all major risk issues and concentrations. Where appropriate, direct remedial action and/or ensure adequate reporting to the Board and its Risk Committees
- Participate in any significant market risk discussions in the country / region, but not the day-to-day management of market risk
- Aim for successful implementation of first line ERMF in the country / region with remediation pursued when relevant
- Responsible for utilisation of credit exposures from FM products within the limits set by the risk division
- Ensure any audit and compliance issues relating to the Financial Markets business are resolved in a timely manner
- Escalate to the Regional TM or the Global Head of WMPS any issues that might indicate that there is a lack of adequate or appropriate systems and controls are in place for the TM or WMPS Desk to comply with Group and Business policies, procedures, standards and codes

**Governance**
- Responsible for assessing the effectiveness of the Group’s arrangements to deliver effective governance, oversight and controls in the country / region. Overseeing changes and escalation to FM ExCo, Group governance committees including other stakeholders in senior management, risk or control functions where appropriate
- Responsible for delivering ‘effective governance and having the capability to challenge fellow executives effectively
- Follow the process governance practices set out by the Non-Financial Risk Committee (NFRC)
- FM oversight and management of the local legal entity (as required)
- Escalate to TM Regional management or the Global Head of WMPS risks and issues identified that relate to the TM or WMPS desks, and to local Country Management Team
- Financial Market Trading- To trade in FX, Rates and Credit market within allocated product programs, pricing transactions and managing open trading positions in order to maximise profits within given market risk parameters and zero tolerance to breaches of internal and external regulations and also balancing the needs of internal and external clients.
- Transact trades on the Bank’s own account, in the knowledge of customer-based transaction flows, and in anticipation of future changes in the market, making use of associated products where relevant to the traded product.
- Manage the transaction-based risks generated in trading, by working within the established parameters and rules appropriate to the traded products (trading limits, stop loss, hedging, mark-to-market, etc.)
- Estimate daily revenue (TPI, OAI, CI) and quantify the end of day market risk exposures and reconcile with market risk and PC’s report to ensure the any large differences are explainable to identify any possible wrong boo