At a Glance
- Tasks: Manage FX exposure and optimise currency risk for a global equities trading platform.
- Company: Join DV Trading, a leading independent proprietary trading firm with a global presence.
- Benefits: Competitive salary starting at £120k, inclusive culture, and opportunities for growth.
- Why this job: Be at the forefront of FX trading and make impactful decisions in a dynamic environment.
- Qualifications: 3+ years in FX trading, strong quantitative skills, and programming experience required.
- Other info: Collaborate with top professionals and enhance your career in a fast-paced financial market.
The predicted salary is between 72000 - 168000 £ per year.
About Us: Founded more than 15 years ago and headquartered in Chicago, the DV Group of financial services firms has grown to more than 500 people operating throughout North America, Europe, the Middle East and Asia. Since spinning out of a large brokerage firm in 2016, DV Trading has rapidly scaled as an independent proprietary trading firm utilizing its own capital, trading strategies, and risk management methodologies to provide liquidity to worldwide financial markets and hedging opportunities to commodity producers and users. Now, DV group affiliates include two broker dealers, a cryptocurrency market making firm, and a bourgeoning investment adviser.
Overview: We are seeking a Global Currency Hedge Trader to manage and optimize FX exposure generated by a large global equities trading platform. The role focuses on systematically identifying, modeling, and hedging currency risk arising from a multi-currency equity portfolio. This position requires a highly quantitative trader who can design and implement models that dynamically optimize hedge ratios, minimize currency exposure, and efficiently manage execution across global FX markets. The role sits close to the trading desk and will be responsible for building a systematic framework for managing FX risk embedded in global equity flows.
Ideal candidates will come from a top proprietary trading firm, hedge fund, or bank FX desk with experience managing institutional-scale currency exposures.
Requirements:
- 3+ years of FX trading or currency portfolio management experience at a leading prop trading firm, hedge fund, or investment bank.
- Strong quantitative background with experience building portfolio optimization, risk, or trading models.
- Deep understanding of G10 and EM FX markets, including spot, forwards, swaps, and funding dynamics.
- Demonstrated experience managing multi-currency portfolio exposures tied to global assets.
- Strong programming ability in Python, C++, or similar, with experience building production-quality models.
- Strong statistical intuition and experience working with large market datasets and real-time risk systems.
- Advanced degree in quantitative finance, mathematics, physics, engineering, statistics, or computer science preferred.
Responsibilities:
- Identify, aggregate, and manage FX exposure generated by global equity trading activity.
- Build quantitative models to optimize currency hedging decisions, minimizing portfolio-level FX exposure while balancing transaction costs and liquidity.
- Develop systematic frameworks for hedge ratio optimization, timing of hedges, and instrument selection.
- Execute FX hedges across spot, forwards, and swaps across G10 and EM currencies.
- Monitor and manage portfolio-level currency risk across multiple regions and trading strategies.
- Continuously improve models by incorporating market structure, correlations, and macro FX dynamics.
- Work closely with equity traders, quantitative researchers, and risk teams to integrate currency risk management into the broader trading platform.
- Analyze hedge performance and exposures to refine models and improve hedging efficiency.
Annual base salary £120k+
DV is proud to be an equal opportunity employer and committed to creating an inclusive environment for all employees.
Global Currency Hedge Trader employer: DV Trading
Contact Detail:
DV Trading Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Global Currency Hedge Trader
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance world, especially those who work in FX trading or at proprietary firms. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Show off your skills! Prepare a portfolio of your quantitative models and trading strategies. When you get the chance to meet potential employers, having tangible examples of your work can really set you apart from the crowd.
✨Tip Number 3
Stay updated on market trends! Make sure you're clued up on the latest developments in G10 and EM FX markets. Being able to discuss current events and their impact on currency trading will show you're not just a numbers person but also a market-savvy trader.
✨Tip Number 4
Apply through our website! We love seeing candidates who take the initiative. It shows you're genuinely interested in joining our team at DV Trading. Plus, it’s the best way to ensure your application gets into the right hands!
We think you need these skills to ace Global Currency Hedge Trader
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Global Currency Hedge Trader role. Highlight your FX trading experience and any quantitative models you've built. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about currency trading and how your background makes you a perfect fit for our team. Keep it concise but impactful!
Showcase Your Quant Skills: Since this role requires a strong quantitative background, don’t forget to mention any relevant programming languages like Python or C++. Share examples of models you've developed or optimised in previous roles to impress us!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at DV Trading
✨Know Your FX Markets
Make sure you brush up on your knowledge of G10 and EM FX markets. Be prepared to discuss specific currency pairs, market dynamics, and how they impact hedging strategies. Showing that you understand the intricacies of these markets will impress the interviewers.
✨Quantitative Skills on Display
Since this role requires a strong quantitative background, be ready to showcase your programming skills in Python or C++. Bring examples of models you've built or optimised in the past, and be prepared to explain your thought process behind them. This is your chance to demonstrate your technical prowess!
✨Demonstrate Risk Management Expertise
Highlight your experience in managing multi-currency portfolio exposures. Prepare to discuss specific instances where you successfully minimised currency risk and how you approached hedge ratio optimisation. Real-world examples will help solidify your expertise in this area.
✨Collaborative Mindset
This role involves working closely with equity traders and quantitative researchers, so emphasise your ability to collaborate effectively. Share experiences where teamwork led to successful outcomes, and express your enthusiasm for integrating currency risk management into broader trading strategies.