HAKEEM PHILANDER
FX Structuring
Johannesburg
Summary
Detail-oriented team player with strong organizational skills. Ability to handle multiple projects simultaneously with a high degree of accuracy. Accomplished FX Options Trader with +-20 years of experience buying and selling Foreign Exchange Options and commodities for the Bank. Demonstrated talent for providing financial services to wide range of clients by studying market conditions to advise on Hedging decisions. Poised and highly knowledgeable with talent for maintaining friendly demeanor and explaining details when advising clients.
Overview
24
24
years of professional experience
Work History
FX Options Trader
Rand Merchant Bank
02.2006 - 02.2022
- Optimized returns by capitalizing on arbitrage opportunities in the options market while minimizing risk exposure.
- Maintained compliance with all regulatory requirements while conducting high-volume options trades daily.
- Generated accurate reports detailing trade performance, delivering vital information for internal review and client communication purposes.
- Leveraged volatility-based strategies using proprietary models for optimal position sizing based on historical data.
- Developed customized options trading plans for individual clients to meet their specific investment goals.
- Streamlined trading processes by implementing advanced software tools for more efficient execution and monitoring of trades.
- Mentored junior traders in successful options trading techniques, fostering a culture of continuous learning and improvement within the firm.
- Increased trading profits by analyzing market trends and executing strategic options trades.
Junior Foreign Exchange Trader
Rand Merchant Bank
01.2004 - 02.2006
- Streamlined internal communication between departments, fostering better collaboration on cross-functional projects involving foreign exchange matters.
- Monitored global economic events and political developments to stay ahead of potential impacts on currency markets.
- Maintained compliance with regulatory requirements, ensuring accuracy in all trade reporting processes.
- Conducted comprehensive research on emerging markets to identify new opportunities for the Banks portfolio expansion plans.
Foreign Exchange Consultant
Bidvest Bank
04.1998 - 01.2004
- Maintained up-to-date knowledge of relevant regulatory changes affecting the forex industry, ensuring full compliance at all times.
- Improved operational efficiency by streamlining processes and implementing time-saving strategies.
- Enhanced customer satisfaction by providing expert advice on suitable foreign exchange products and services.
- Managed daily operations for optimal performance, ensuring smooth workflows and timely completion of tasks.
- Completed trades on Exotic FX Derivatives, increasing profits
Education
ACI Dealing Certificate - FX Options Intermediary
Peter Skerrit And Associates
Johannesburg, South Africa 04.2001 -
High School Diploma -
Ferndale High School
Johannesburg, South Africa 04.2001 -
Skills
Profit Targets
undefinedTimeline
FX Options Trader
Rand Merchant Bank
02.2006 - 02.2022
Junior Foreign Exchange Trader
Rand Merchant Bank
01.2004 - 02.2006
ACI Dealing Certificate - FX Options Intermediary
Peter Skerrit And Associates
04.2001 -
High School Diploma -
Ferndale High School
04.2001 -
Foreign Exchange Consultant
Bidvest Bank
04.1998 - 01.2004
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