About the Role
We are seeking an experienced Trader to manage our Saudi equities Facilitation book. This role is positioned at the intersection of high-frequency trading and principal risk, with responsibility for a SAR 100 million book. You will provide liquidity and manage inventory for flows originating from one of the largest brokerage franchises in Saudi Arabia. Collaboration with quantitative researchers and engineers is essential to optimize execution and risk management while maintaining best-in-class liquidity provision for our partners and maximizing capital efficiency.
To succeed in this role, you need to develop a deep understanding of the Saudi market microstructure (Tadawul), regional exchanges, and flows, as well as the ability to manage significant principal risk in a fast-paced environment. Leveraging proprietary low-latency trading infrastructure and models, you will navigate market volatility and manage inventory skew effectively.
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Key Responsibilities
- Manage a SAR 100 million Facilitation book on Saudi equities, providing immediate liquidity for significant broker flows.
- Execute and manage principal risk positions, optimizing inventory levels and hedging strategies to minimize market exposure.
- Interact with internal HFT market making systems to offload risk to that engine when appropriate.
- Collaborate with one of the region's largest brokers to ensure seamless flow integration and high execution quality.
- Utilize and provide feedback on internal risk management and monitoring tools to ensure strict adherence to limits.
- Provide market behavior insights to the research team to refine automated pricing and hedging algorithms.
- Help manage the deployment of new strategies and models.
- Help design and develop internal tools, dashboards, and automation.
- Support post-trade activities to aid effective clearing and accurate record-keeping.
Qualifications & Experience
- 3-10 years of relevant professional experience.
- Deep expertise in Saudi Equity markets, Tadawul microstructure, and facilitation/principal trading desks.
- Exceptional troubleshooting and problem-solving skills, particularly in fast-paced, high-pressure environments.
- Proven track record of managing books of SAR 100M+ with disciplined risk management.
