Derivatives Dealing
Competency Title:
Derivatives Dealing
Competency Type:
Functional
Competency Description
This competency refers to the ability to perform derivatives transactions according to applicable procedures and regulations. The scope includes dealing in derivatives products.
Level 1 - Awareness
Level 1
• Identify products, rules and regulations related to derivatives.
• Recognise types of orders for derivatives dealing.
• Liaise and update clients on their dealing transaction status.
Level 2 - Knowledge
Level 2
• Outline products, rules and regulations pertaining to derivatives.
• Receive and record trading orders from clients according to procedures.
• Recognise the demand for specific derivatives products.
Level 3 - Skill
Level 3
• Manage all deals in the trading system in accordance with procedures and regulations.
• Execute orders in accordance with client's requirements.
• Advise client on dealing strategy in line with their specific objective.
Level 4 - Mastery
Level 4
• Analyse impact of new laws and regulation on current dealing practices.
• Plan the execution of dealing activities in accordance with procedures and regulations.
• Monitor dealing team's performance and recommend improvements to the dealing strategy.
Level 5 - Expert
Level 5
• Review all deals for compliance with Acts, rules and regulations.
• Lead the team in systematic problem resolution methods for handling client complaints.
• Drive innovation and development of processes and procedures to improve dealing strategy.