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- Tasks: Manage eFX pricing and risk, perform data analytics, and support trading operations.
- Company: Join BNY, a global leader in financial services with a focus on innovation and inclusivity.
- Benefits: Enjoy competitive pay, flexible working options, generous leave, and wellness programmes.
- Why this job: Be part of a dynamic team impacting global finance while fostering personal growth and resilience.
- Qualifications: Degree in a quantitative field and strong understanding of FX market making required.
- Other info: This role supports hybrid working and offers opportunities for collaboration across teams.
The predicted salary is between 36000 - 60000 £ per year.
At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system, we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.
The Markets business helps our clients formulate, implement and operationalize their investment strategies. It provides clients with financing, execution, liquidity and collateral solutions that are integrated with BNY Mellon’s asset servicing ecosystem. The Markets division is primarily organized into four Lines of Business: i) Foreign Exchange; ii) Securities Finance; iii) Liquidity and Margin Services; and, iv) Fixed Income and Equities (FIEQ).
Our full-service FX business accommodates every element of the currency transaction lifecycle, from initiating a position in the spot or derivatives market, to programmatic trading using algorithms or standing instructions. Our Fixed Income and Equities business trades a wide variety of securities and can connect clients to a unique universe of counterparties, including broker-dealers, fund managers, family offices and wealth managers.
We’re seeking a future team member for the role of eFX / Spot Trader on our London trading desk. This role supports hybrid working.
In this role, you’ll make an impact in the following ways:
- Manage the eFX pricing and risk in EMEA time zone.
- Perform data analytics to optimize profitability and performance of eFX business.
- Partner with Sales, Quant and Engineering teams to enhance the eFX platform.
- Provide back up for voice market maker for G10 Spot FX in EMEA.
- Maintain a strong risk and compliance framework.
To be successful in this role, we’re seeking the following:
- Degree, preferably in a quantitative field.
- Excellent understanding of FX market making.
- Extensive FX spot risk management experience.
BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.
BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
eFX / Spot Trader employer: BNY Mellon Capital Markets, LLC
Contact Detail:
BNY Mellon Capital Markets, LLC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land eFX / Spot Trader
✨Tip Number 1
Familiarise yourself with the latest trends and technologies in the FX market. Understanding algorithmic trading and data analytics will give you an edge, as these are crucial for optimising profitability in the eFX business.
✨Tip Number 2
Network with professionals in the finance and trading sectors. Attend industry events or webinars to connect with current traders and learn about their experiences at BNY. This can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Stay updated on global economic news and how it impacts currency markets. Being knowledgeable about macroeconomic factors will help you demonstrate your understanding of FX market dynamics during interviews.
✨Tip Number 4
Prepare to discuss your risk management strategies and experiences in detail. BNY values a strong risk and compliance framework, so showcasing your expertise in managing FX spot risk will be essential in making a positive impression.
We think you need these skills to ace eFX / Spot Trader
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the eFX / Spot Trader position. Familiarise yourself with the FX market and BNY's specific operations to tailor your application effectively.
Highlight Relevant Experience: In your CV and cover letter, emphasise any experience you have in FX market making or risk management. Use specific examples to demonstrate your skills and how they align with the role's requirements.
Craft a Strong Cover Letter: Write a compelling cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role and BNY as a company. Mention any awards or recognitions BNY has received that resonate with you.
Proofread Your Application: Before submitting, carefully proofread your application materials for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial in the finance industry.
How to prepare for a job interview at BNY Mellon Capital Markets, LLC
✨Understand the FX Market
Make sure you have a solid grasp of FX market dynamics and trading strategies. Brush up on recent trends and news in the foreign exchange sector, as this will show your genuine interest and knowledge during the interview.
✨Showcase Your Analytical Skills
Since the role involves data analytics to optimise profitability, be prepared to discuss your experience with data analysis tools and techniques. Bring examples of how you've used analytics to drive decisions or improve performance in previous roles.
✨Prepare for Technical Questions
Expect technical questions related to eFX pricing, risk management, and market making. Review key concepts and be ready to explain your thought process when tackling complex trading scenarios.
✨Demonstrate Team Collaboration
The role requires partnering with various teams like Sales and Engineering. Be ready to share examples of how you've successfully collaborated in the past, highlighting your communication skills and ability to work in a team environment.
