Head of Options Trading

This is a fully remote position, open to applicants in Cyprus.

📋 Description

• Lead and expand EXANTE’s options and derivatives business, maintaining full P&L accountability for both the principal derivatives trading portfolio and client options trading.

• Principal book — develop and manage trading and hedging strategies for the options and derivatives trading portfolio, which includes market making against internal client flow, risk management, and any directional or relative-value strategies proposed by the candidate.

• Product development — enhance the current options offerings and identify, design, and launch new derivative products on the platform when commercially viable (e.g., FX options, additional listed derivatives, and more innovative instruments).

• Counterparty and liquidity — identify, negotiate, and onboard suitable exchanges, prime brokers, market makers, and OTC counterparties for execution and hedging; manage these relationships effectively.

• Platform enhancement — collaborate with Technology and Product teams to outline and implement the roadmap for platform improvements necessary to support the trading portfolio and product development.

• Client flow — partner with Relationship Managers, Sales, and Marketing to increase client options and derivatives flow into the portfolio.

• Team build-out — determine the size, composition, and sequencing of the team at the hire’s discretion, aligned with the approved business plan.

• Cross-functional cooperation — collaborate closely with Compliance, Risk, Operations, Treasury, and Technology to design the comprehensive workflow and risk framework.

• Product governance — take ownership of the suitability framework and applicable conduct regulations across the relevant booking entities.

⛳️ Requirements

• 10–20 years of experience in options or derivatives principal trading, market making, or managing a derivatives trading book at a sell-side firm, broker, or proprietary trading company.

• Multi-asset experience — across equity, index, FX, and commodity asset classes, covering both listed and OTC markets.

• Strong risk management expertise — proficient in delta, gamma, vega, correlation, and exotic risks at scale.

• Product launch experience — a proven track record of launching new derivative products is highly advantageous.

• Established network — possess a robust network of counterparty, exchange, and liquidity-provider relationships.

• Player-coach mentality — willing to personally lead pricing and trading decisions before scaling the team.

• Regulatory knowledge — familiarity with MiFID II product governance, suitability regulations, and equivalent frameworks in the UK and Asia.

• Fluent in English — a mandatory requirement.

• Commercially minded and direct — comfortable with full accountability for a P&L.

🏝️ Benefits

• Competitive salary that reflects your experience and the value you contribute.

• Flexibility that accommodates your lifestyle — work from home, our office, or a combination of both. You decide what works best for you.

• Flexible benefits package — select the options that best suit your needs instead of a one-size-fits-all solution.

• A truly enjoyable workplace — an informal, collaborative culture where ideas are valued and bureaucracy is minimized.

• Continuous learning opportunities — ongoing training, educational programs, and support to enhance your expertise in a rapidly evolving industry.

• Connection beyond the desk — events designed to bring our teams together for networking and celebration.

• Global exposure — collaborate alongside talented colleagues from around the world, in a business serving clients in over 100 countries.