FX Sales Trader - Large Cap

An FX Sales Trader plays a crucial role in the financial markets, particularly in the foreign exchange (FX) sector. This role is dynamic and requires a deep understanding of financial markets, strong analytical skills, and the ability to build and maintain client relationships.

Responsibilities:

• Building and maintaining strong relationships with clients, understanding their needs, and providing tailored FX solutions focusing on originating and managing UK large cap clients (£500m+ business turnover).
• Monitoring and analyzing foreign exchange markets to provide clients with timely and relevant market insights.
• Executing FX trades on behalf of clients, ensuring accuracy and compliance with regulatory requirements.
• Identifying and managing risks associated with FX trading activities, adhering to internal and external risk management policies.
• Identifying new business opportunities and expanding the client base through proactive sales efforts.
• Maintaining accurate records of all trading activities and preparing regular reports for clients and management.
• Working closely with other departments, such as compliance, operations, and research, to ensure seamless service delivery.

Competencies:

• Resilient in a challenging, fast-paced environment.
• Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness.
• Ensure that you are fully aware of and adhere to internal policies that relate to you, your role or any other activities for which you have any level of responsibility.
• Report any breaches of policy to Compliance and/or your supervisor as required.
• Escalate risk events immediately.
• Provide input to risk management processes, as required.

Experience working in a regulated financial services environment with a good knowledge of the risk and compliance requirements associated with this. Exposure to, or a strong interest in, the digital assets space, with an understanding (or willingness to develop an understanding) of key concepts such as wallet infrastructure, custody models, blockchain mechanics, stablecoins and staking, and how these may translate into legal and regulatory risk. Experience advising on, or supporting, crypto-related products, services, or counterparties (e.g. exchanges, custodians, liquidity providers) would be advantageous but is not essential. Familiarity with financial instruments, particularly derivatives and/or structured products, and an appreciation of how these may intersect with digital asset markets (or a strong willingness to build this knowledge).

Skills and Experience:

• A Banking background with experience (8 years+) in building relationships in the FX space, with a transferrable client base.
• Predominantly voice relationships to remove initial reliance on aggregators where returns won’t suffice.
• Strong background in structured FX in cashflow management and/or deal led hedging.
• Ideally experience of both public and private transactions, with a broader awareness of ancillary services such as debt and advisory.
• Opportunity to work closely with new interest rate hedging capability to offer a joined-up approach to opportunities.
• Strong credit understanding and experience of navigating the capital structure so we can find appropriate ranking to seek comfort on writing unsecured facilities.
• Opportunity is to come in as one of the team, prove concept and if successful we will create the conditions to grow a team to focus on this client set.
• Whilst the individual needs some banking experience, they need an entrepreneurial and business development mindset to drive business.

Conduct Rules:

• Act with integrity.
• Act with due skill, care and diligence.
• Be open and cooperative with the FCA, the PRA and other regulators.
• Pay due regard to the interests of customers and treat them fairly.
• Observe proper standard of market conduct.
• Act to deliver good outcomes for retail customers.

Marex is fully committed to being an inclusive employer and providing an inclusive and accessible recruitment process for all. We will provide reasonable adjustments to remove any disadvantage to you being considered for this role. We value the differences that a diverse workforce brings to the company. We welcome applications from candidates returning to the workforce. Also, Marex is committed to avoiding circumstances in which the appearance or possibility of conflicts of interest may exist within the hiring process.