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 marketneutral and liquiditydriven 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 crossasset signals (rates, commodities).
• Risk management
  Implement position limits, stopouts, and scenario/CCARstyle 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 walkforward validation.
  Define data quality standards (tick integrity, timestamping, venue flags) contribute to model monitoring and drift detection.
• Controls and compliance
  Adhere to bestexecution, 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 (sellside or buyside), with proven live P&L ownership.
• Mastery of core products: spot, forwards, NDFs, swaps options familiarity preferred (deltaone 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:
  Handson 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 posttrade reviews suitable for institutional oversight.

Preferred qualifications

• Prior track record in marketneutral or lowbeta 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 timetorecover realized vs. exante 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, incidentfree compliance.

What we offer

• Competitive base + performancelinked bonus tied to riskadjusted returns and governance adherence.
• Access to multivenue execution stack, highquality 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

Eligibility

• Singaporeans/PRs and holders of valid work authorization.
• Candidates subject to reference checks and compliance clearance.