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Front Office Trader

Location:
Istanbul, Istanbul, Turkey
Salary:
75000
Posted:
January 09, 2018

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OZAN AKGUL

Ulus Mah. Adnan Saygun Cad. Kelaynak Sok. Kamer Sitesi. No:8/2 Besiktas, Istanbul--TURKEY

+90-507-***-**-** Email: ac3ymy@r.postjobfree.com

EXPERIENCE

Sep 2015--- Present, Alternatif Bank A.Ş., Istanbul Assistant Vice President, Treasury Department-Trading Desk

Rate, FX and Derivatives Trading Desk in the treasury department.

Structuring customized derivative products for clients cash flows and needs

(E.g. option barrier embedded XCCY, floor embedded IRS, etc.)

Pricing international and local clients for Eurobonds and Local Currency bonds and managing these positions.

FX Swap pricing up to 2 years for local clients and managing these positions.

Trading swaps,FX spot and fixed income products of Turkish market within the limits

Repo / Reverse Repo and Total Return Swap deals for AFS portfolio.

Managing desk total bond exposure and profit &loss.

Informing sales team and trading team about economic and political developments in the interest rate market perspective.

Participating in various projects like improving front office systems, automating pricing in swap / fixed income products and emergency procedures for pricing. Jun 2014--- Apr 2015, ING Bank A.Ş., Istanbul

Vice President, Treasury Department-Trading Desk

Head of Interest Rate Trading Desk in the treasury department (Only one junior, headcount for EM bond market desks is two in ING.)

2014 (Realized profit&loss numbers are %100 of the targeted profit&loss numbers) and 2015 (Realized profit&loss numbers are %218 of the targeted profit&loss numbers before leave) Profit&loss numbers are available upon request.

Primary dealership in the Turkish Bond market. Primary and secondary obligations of primary dealership.

Pricing all local and EM sales team for international and local clients for Eurobonds and Local Currency bonds and managing these positions.

FX Swap pricing up to 2 years for local clients and managing these positions.

Trading swaps, fixed income products of Turkish market and within the limits.

Managing the Interest rate trading desk total cash flow in the swap, repo/reserve repo and money markets.

Managing desk total bond and swap book exposure and profit &loss.

Informing sales team and trading team about economic and political developments in the interest rate market perspective.

Participating in various projects like improving front office systems, automating pricing in swap / fixed income products and emergency procedures for pricing. Jul 2012--- Jun 2014, Odea Bank, Istanbul

Assistant Manager, Treasury Department-Trading Desk

Member of a 4-people(including the head of trading)-trading desk.

Trading Fixed Income products, Derivatives products and FX Spot within the limits. Also responsible from monitoring and managing team’s FX Spot positions on a timely and precisely manner in the lack of a properly working front office system

Pricing all the sales team requests for all the fixed income products, options, interest rate swaps, cross currency swaps, FX swaps, FX forwards and FX spot and managing these positions.

Pricing and trading interest rate products for TRY (i.e. Fixed ıncome, FX Swap and Cross Currency) for all tenors (O.N to 10years)

Building and improving the setup of the front office system, Murex, and various other systems in a new bank which required massive efforts for establishment of the systems from the start.

Database creation for the local currency bond market’s prices, yields and spreads.

Sep 2010---Jul 2012, Akbank T.A.S., Istanbul

Senior Dealer, Treasury Department-Trading Desk

Pricing the client flow for the trading bond portfolio. Between September 2010 to July 2012 the bank has a massive improvement in the volume. The latest year to date volume was 40% of the market including OTC deals.

Management of trading bond portfolio. (P&L numbers are available upon request.)

Establishing a better working relationship with other market players in the TRY bond market .

Trading and pricing fixed Income products within trading the limits.

Developing and implementing zero curve fitting models for local currency bonds

Management of local currency bond portfolio by the zero curve fitting models.

Developing currency correlation model for the time lag of volatility in the market.

Volatility estimation models such as EWMA and GARCH.

Macro automation for the reports and P&L calculations.

Database creation for the local currency bond market’s prices, yields and spreads.

Jul 2008---Apr 2010, Deniz Bank AS, Dexia SA. Istanbul Assistant, Treasury Department-Proprietary Trading Desk- (Full time)

Trading and analyzing FX, Fixed Income and derivatives products within trading the limits.

Reporting Profit/Loss and other features of the Bank’s Fixed Income Portfolio.

Developing managing tools (Excel VBA Macro) for trading and reporting.

Pricing the FX and Equity derivative products upon request of sales department and clients.

Acquiring knowledge about derivative product portfolio and its management including Greek Letters’ experience.

Updating volatility surfaces for live derivative products prices.

Creating Excel spreadsheets which help the follow up of the Options Portfolio and its reporting.

Making daily reports about derivative products for clients.

Preparing derivative products’ presentations about exotic options (Preparation of Term Sheets).

Execution of orders in TurkDEX during arbitrage processes. Oct 2007---Jun 2008, Calyon Bank, Credit Agricole CIB. Istanbul Trainee, Treasury Department-- (4 Days per week)

Assisting the sales department in client research, product presentations and operational workflows.

Acquiring proficiency in Reuters and Bloomberg.

Dealing/Trading experience by making money market deals on Reuters Dealing 3000 screen.

Updating the daily blotter used in the dealing room for tracking cash flow.

Following the price levels of fixed income products by forming excel sheets which also give trading and arbitrage ideas with its yield curve analysis.

Forming FX forward and swap-point calculators in Excel.

Trading in Fixed Income markets with stop-loss limits.

Daily reporting activities especially for profit-loss sheets and open position sensitivity sheets.

Familiarity with Risk Management System, Kondor+. EDUCATION

Sep 2009---Feb 2012, Bogazici University, Istanbul

Master of Science program in Financial Engineering.

Major academic courses highlights:

Fixed Income Investments,

Options Pricing,

Portfolio Theory,

Financial Econometrics,

Financial Calculus,

Derivative Securities and Markets,

C++ Programming for Finance,

Optimization Models in Economics and Finance.

Sep 2003---Jun 2008, Bogazici University, Istanbul

Bachelor in Economics degree (EC).

Major academic courses highlights:

Advanced Econometrics,

Advanced Macroeconomics,

Game Theory,

Financial Institutions and Markets,

Growth and Development

Money, Banking and Financial Institutions.

Sep 2000---Jun 2003, Eskisehir Science High School (Science Branch), Eskisehir

GPA of 4.95 over 5.00.

AWARDS AND SCHOLARSHIPS RECEIVED

2003-2008, Vehbi Koc Vakfi Scholarship.

COMPUTER SKILLS

MS Office Suit: Extensive number crunching, macro automation, client pitch preparations

Reuters Product Family: Reuters 3000 Xtra, Reuters Dealing 3000, Metastock, Professional training seminars have been attended.

Bloomberg: Professional training seminars have been attended, Option Pricing, Swaps Manager, Company Analysis, Relative Performance Analysis, etc.

OTAS Terminal: Having a login name for ISE Bonds and Bills Market.

Front Office Systems: Murex, Kondor and Misys.

Programming: C, C++, Matlab and VBA, Python.

LANGUAGES

Turkish (Native Tongue), English (Fluent), German (Basic) EXTRACURRICULAR ACTIVITIES

Member of the Bogazici University Sailing Team.

Motorsport marshalling.

Paint Ball refereeing.

Fitness and CrossFit

PERSONAL DETAILS

Date of birth and place: 03/10/1984 Beyoglu

Nationality: Turkish

Civil Status: Married

Military Service: Completed.

Capital Markets Board of Turkey Licenses: Capital Market Activities Advanced Level License (Level 3), Derivatives License. REFERENCES Available upon request



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