At a Glance
- Tasks: Trade FX and interest rate derivatives while managing risk and maximising revenues.
- Company: Join Crédit Agricole CIB, a leader in sustainable finance and innovation.
- Benefits: Enjoy competitive salary, development opportunities, and paid volunteering leave.
- Other info: Diversity is celebrated; all backgrounds are welcome to apply.
- Why this job: Make a real impact in a collaborative environment focused on sustainability.
- Qualifications: Bachelor's degree in a relevant field and experience in trading or risk management.
The predicted salary is between 60000 - 80000 £ per year.
About Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB): Crédit Agricole CIB is the corporate and investment bank of the Crédit Agricole group, the 10th largest banking group in the world. We support major companies and financial institutions in their development and the financing of their projects. As pioneers in responsible finance, social and environmental commitments are at the heart of our activities. Joining our teams means working in a multicultural environment, both dynamic and stimulating, where you will contribute to developing a sustainable economy.
We support employees throughout their journey: you will develop your skills and access various mobility opportunities among the diversity of our businesses in more than 30 international locations. Our culture is built on collaboration, innovation and openness, where everyone is valued and empowered. By working every day in the interest of society, Crédit Agricole CIB aligns with the Group values committed to diversity and inclusion and placing people at the heart of all its transformations. All our jobs are open to people with disabilities. We welcome applications from candidates of all backgrounds and experiences.
Job Summary: Responsible for trading within authorised trading limits on the IRD Linear EM Trading desk, i.e. the risk parameters and designated currency and product limits. In order to maximise revenues within pre-established limits and objectives. Trades are predominantly in PLN, CZK, HUF, RON, ZAR, TRY, ILS, MXN but the trader will be expected to trade our other books in support if required. Products will include FX and linear Interest Rate Derivatives.
Mandate: Ensure strict compliance with the mandate attributed to the desk. Sign the mandate in the MRL tool according to the procedure currently in place with the Bank. In conjunction with the Head of Linear FX and Emerging Market Rates Trading for Europe, establish overall risk parameters. Manage and hedge the overall risk of the Linear FX and Rates Trading portfolio on an intra and inter day basis. Ensure adherence with regard to position and risk limits. Ensure adherence to the overall risk limits, including both credit and market risk, as set for Linear FX and Emerging Market Rates Trading Europe. Ensure clear and where relevant documented delegation of these limits across the various trading books as appropriate. Ensure adequate systems and information flow to allow monitoring and management of these risks. Ensure that other categories of risk to which the Company is exposed (e.g. legal, operational, and reputational risk) are identified to the extent possible within the trading function. Such risks should then be delegated, documented and managed as appropriate within acceptable levels. Maintain such risks within the risk limits delegated by Market Risk together with any additional limits imposed by Linear FX and Emerging Market Rates Trading Europe.
Supplementary Information: Our commitment to you! Make an impact that matters. Your work contributes to a social responsibility and sustainable future. As a founding signatory of the Equator Principles and a global leader in sustainable finance, we finance projects that benefit both people and the planet. You can extend your impact through our Charities Committee, which provides annual paid volunteering leave to support causes you care about. Grow without limits. Access development opportunities across the Crédit Agricole Group; whether deepening expertise, exploring new skills or taking on roles across borders. Our structured mentoring programme connects you with experienced colleagues, while cross-functional projects and learning initiatives help you build the capabilities that matter most to you. Thrive in a culture built on trust. Be part of a collaborative environment built on trust, autonomy, and empowerment. Diversity is celebrated through our SPRING Diversity network, and our Sports and Social Club fosters genuine connections beyond the workplace. Crédit Agricole CIB is not just a place to work, it is a place where you can make a positive impact. Shape the future of banking. From digital transformation to innovative solutions, you are fully supported to challenge conventions and turn ideas into reality. Join us. Our hiring process is open to all. Should you require any accommodations, please let us know.
Geographical area: Europe, United Kingdom, City: London.
Candidate criteria:
- Minimal education level: Bachelor Degree / BSc Degree or equivalent.
- Academic qualification / Speciality: Degree, preferably in a Mathematical / Scientific area, or A-levels followed by appropriate market relevant working experience.
- Experience: Experience in financial products related trading/risk management activities. Experience in trading and risk managing a trading book, where applicable.
- Required skills: ESSENTIAL Team oriented. Excellent communication skills and able to coordinate effectively with other Senior Managers, Sales, Structurers and Quants. Ability to think quickly, make decisions using good judgement and prioritise in busy trading situations. Ability to remain calm under pressure. DESIRABLE Competent in a second language.
- Technical skills required: IT literate. Thorough knowledge of financial derivatives including market liquidity (ability to enter or exit a position) and volatility (magnitude/ speed of price change), pricing and trading/hedging strategies. Strong numerical, analytical and spreadsheet skills.
Local Market Rates and FX Trader in London employer: Crédit Agricole CIB
Crédit Agricole CIB is an exceptional employer that fosters a dynamic and inclusive work culture, providing interns with invaluable exposure to cutting-edge electronic FX trading systems in the heart of Greater London. With a strong emphasis on employee growth, you will have the opportunity to develop your analytical skills and collaborate with cross-functional teams, all while leveraging AI to drive innovative solutions in the financial technology sector.
StudySmarter Expert Advice🤫
We think this is how you could land Local Market Rates and FX Trader in London
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