A technology-first capital markets firm is seeking an experienced Trader to manage our Saudi equities Facilitation book. Working at the intersection of high-frequency trading and principal risk, you will manage a SAR 100 million book focused on providing liquidity and managing inventory for flows originating from one of the largest brokerage franchises in Saudi Arabia.
You will work closely with our quantitative researchers and engineers to optimize execution and risk management of the facilitation book, ensuring best-in-class liquidity provision for our partners while maximizing capital efficiency.
The role requires a deep understanding of Saudi market microstructure (Tadawul) and the ability to manage significant principal risk in a fast-paced environment.
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 the 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.
Requirements
Below is a list of skills and experiences we think are relevant. Even if you don’t think you’re a perfect match, we still encourage you to apply because we are committed to developing our people.
● 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.
Skills Required
- 3-10 years of relevant professional experience
- Deep expertise in Saudi equity markets, Tadawul microstructure, and facilitation/principal trading desks
- Proven track record managing books of SAR 100M+ with disciplined risk management
- Exceptional troubleshooting and problem-solving skills in fast-paced, high-pressure trading environments
What We Do
High Street Resources is a Dubai-based firm specializing in executive search, recruitment, and HR consulting. They focus on delivering talent management and organizational development services, particularly within the financial services sector in the Middle East. Their mission is to provide service excellence to both clients and candidates in a rapidly expanding market.
