At a Glance
- Tasks: Support FX sales, conduct market research, and assist in client presentations.
- Company: Join Scotiabank, a leading bank in the Americas with a commitment to inclusivity.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Opportunities for career growth and a focus on teamwork.
- Why this job: Be part of a high-performing team and make an impact in the financial sector.
- Qualifications: Undergraduate degree required; experience in FX or derivatives sales preferred.
The predicted salary is between 59400 - 72600 £ per year.
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Purpose
The Associate, UK FX Sales will contribute to the overall success of the FX platform ensuring specific individual goals, plans, initiatives are executed/delivered in support of the team’s business strategies and objectives. You will ensure all activities conducted are in compliance with governing regulations, internal policies and procedures. This role falls into scope under the Certification Regime and requires the individual to be internally ‘Certified’ as a significant harm function.
Accountabilities
- Maximize cross selling opportunities across GBM business lines to deepen existing relationships and cultivate new ones.
- Conduct industry and product research to support business needs.
- Assist in preparing client presentations, daily market commentary, and providing timely client support.
- Perform various types of analysis using fundamental and technical data.
- Monitor a variety of markets, economic releases, trends and factors that affect market movement.
- Manage day-to-day responsibilities of the FX team, including but not limited to, trade booking, trade confirmation, CVA management, line sizing, and data management.
- Assist in constructing strategies and marketing materials to promote development of senior level client relationships (e.g., Treasurer, CFO, and CEO).
- Provide assistance to sales, trading, and structuring staff on the trade floor in the execution of their day-to-day functions.
- Develop and maintain internal client relationships with key support groups (Corporate Banking, Credit, Legal, etc.). Collaborate with all internal stakeholders to get relevant approvals required for new transactions or new structures being contemplated.
- Contribute to a high-performance environment and foster an inclusive work environment; supporting the vision/values/business strategy for the team.
- Execute transactions on behalf of clients. Generate and maximize trading profit and client revenues.
- Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
- Understand the risk profile of customer transactions and put processes in place to manage those risks.
- Protect the bank from loss and/or exposure to unnecessary risks through strict compliance with applicable acts, policies and regulations as applicable.
- Actively pursue effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk.
- Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
- Support the ongoing day-to-day operations of the UK FX Sales team.
- Maintain strict compliance under all applicable laws and regulations.
- This role requires successful completion of the NFA Swaps Proficiency Requirement within 30 days of assuming the role and must be completed prior to engaging in in-scope activity.
- Ensure the team remains compliant of all internal approvals (credit, market risk).
Education / Experience
- Undergraduate degree required.
- MBA and/or CFA designation preferred.
- Experience in FX or derivatives sales, other capital markets.
- Knowledge of UK/European client requirements in FX risk management.
- Minimum of 4 years relevant industry experience.
- Team player who has a proven track record of collaborating with others.
- Can maintain a calm disposition in a fast-paced environment.
- Ability to quickly and effectively respond to enquiries with confidence.
- Highly organized and results oriented with demonstrated flexibility in adapting to a constantly changing environment.
- Excellent PC skills with strong working knowledge of Excel, PowerPoint and data analysis in particular.
- Strong analytical and problem solving skills.
- Accuracy, timely processing and attention to detail is critical.
Location(s): England : Greater London : London (UK)
Associate, UK FX Sales - Financial Sponsors & Corporate Coverage in London employer: Scotiabank
Scotiabank is an exceptional employer that fosters a purpose-driven and inclusive culture, making it an ideal place for professionals in the financial sector. Located in the vibrant city of London, employees benefit from competitive salaries, comprehensive growth opportunities, and a collaborative environment that encourages innovation and client-focused solutions. Join a high-performing team where your contributions directly impact the success of the Prime Services business and where you can thrive in a dynamic global market.
StudySmarter Expert Advice🤫
We think this is how you could land Associate, UK FX Sales - Financial Sponsors & Corporate Coverage in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Scotiabank. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Associate, UK FX Sales - Financial Sponsors & Corporate Coverage in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Scotiabank.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Scotiabank's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Scotiabank
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Scotiabank.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Scotiabank will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Scotiabank employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
