At a Glance
- Tasks: Manage and trade complex FX options, focusing on correlations and hybrids in emerging markets.
- Company: Leading global investment bank with a strong presence in the financial sector.
- Benefits: Competitive salary, dynamic work environment, and opportunities for professional growth.
- Other info: Fast-paced environment with excellent career advancement opportunities.
- Why this job: Join a high-impact role that directly influences trading strategies and client solutions.
- Qualifications: Strong experience in FX options trading and risk management skills required.
The predicted salary is between 80000 - 100000 £ per year.
Our Client, a leading global investment bank is seeking a Vice President to join its FX Options Trading desk in London, with a focus on correlations, exotics, and cross-asset hybrids across Emerging Markets. This is a high-impact front-office role within a well-established platform, offering direct exposure to institutional clients and complex structured risk. The successful candidate will play a key role in managing and expanding the desk's footprint across EM FX exotic derivatives, with a particular emphasis on correlation products and hybrid structures (FX/Equity, FX/Rates). The role combines risk-taking, structuring insight, and close collaboration with sales and structuring teams.
Key Responsibilities
- Market Making & Risk Management: Manage and price EM FX exotic options, including correlation-linked and hybrid products across a broad range of emerging market currencies. Actively manage associated risk, including vega, vol-of-vol, correlation, and cross-gamma exposures.
- Product Expertise: Trade and develop complex EM-focused structures such as baskets, worst-of, best-of, TARFs, and cross-asset hybrid derivatives.
- Client Engagement: Partner with institutional sales to deliver tailored EM solutions to hedge funds, asset managers, corporates, and private banks. Contribute to idea generation and bespoke trade structuring.
- Pricing & Model Interaction: Work closely with quantitative teams on model enhancements for correlation and hybrid pricing. Maintain strong understanding of Monte Carlo frameworks and local/stochastic volatility models.
- P&L Ownership: Take ownership of a defined EM risk book, contributing to revenue generation while maintaining disciplined risk controls.
- Market Intelligence: Monitor macro developments, EM volatility surfaces, and cross-asset dynamics to inform trading strategies and pricing.
Requirements
- Strong experience in FX Options Trading, ideally with exposure to EM exotics, correlations, or hybrids.
- Solid understanding of volatility modelling, correlation dynamics, and structured derivatives.
- Demonstrated track record of risk management and P&L generation.
- Strong quantitative intuition; ability to interact effectively with quantitative teams.
- Commercial mindset with proven ability to support client flow and generate ideas.
- Excellent communication skills and ability to operate in a fast-paced trading environment.
Preferred Background
- Experience trading emerging market FX derivatives.
- Familiarity with equity/FX hybrid products or structured rates/FX solutions.
- Background in a top-tier investment bank or leading financial institution.
FX Options Correlations/Hybrids Trader employer: Selby Jennings
As a leading global investment bank, our client offers an exceptional work environment for FX Options Traders in London, characterised by a dynamic and collaborative culture that fosters innovation and professional growth. Employees benefit from direct exposure to institutional clients and complex structured risks, alongside opportunities for continuous learning and development within a high-impact front-office role. The bank's commitment to excellence and its strategic focus on emerging markets make it an attractive employer for those seeking meaningful and rewarding careers in finance.
StudySmarter Expert Advice🤫
We think this is how you could land FX Options Correlations/Hybrids Trader
✨Network Like a Pro
Get out there and connect with people in the industry! Attend finance events, webinars, or even local meetups. The more you engage with others, the better your chances of landing that FX Options Trader role.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your experience with EM FX exotic options and risk management. Use specific examples to demonstrate your expertise and how you can add value to their team.
✨Stay Informed
Keep up with the latest trends in emerging markets and FX derivatives. Being knowledgeable about macro developments and volatility surfaces will not only impress interviewers but also help you craft better trading strategies.
✨Apply Through Our Website
Don’t forget to check out our website for job openings! Applying directly through us can give you an edge, as we’re always on the lookout for passionate candidates who fit the bill for roles like the FX Options Trader.
We think you need these skills to ace FX Options Correlations/Hybrids Trader
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the specific skills and experiences that align with the FX Options Trader role. Highlight your experience with EM exotics, correlations, and hybrids to catch our eye!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about trading and how your background makes you a perfect fit for our team. Don't forget to mention any relevant client engagement experience!
Showcase Your Quantitative Skills:Since this role involves a lot of interaction with quantitative teams, make sure to highlight your quantitative intuition and any relevant modelling experience. We love seeing candidates who can bridge the gap between trading and quant!
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 don’t miss out on any important updates from our team!
How to prepare for a job interview at Selby Jennings
✨Know Your Products Inside Out
Make sure you have a solid grasp of the FX options and hybrid products mentioned in the job description. Brush up on your knowledge of correlation dynamics, structured derivatives, and specific products like TARFs and baskets. Being able to discuss these confidently will show that you're not just familiar with the terminology but can also apply it.
✨Demonstrate Your Risk Management Skills
Prepare to discuss your experience with risk management, especially in relation to vega, vol-of-vol, and cross-gamma exposures. Have examples ready that showcase how you've successfully managed risk in previous roles. This will highlight your ability to take ownership of a defined EM risk book, which is crucial for this position.
✨Engage with Market Intelligence
Stay updated on macro developments and emerging market volatility surfaces. Be ready to share insights on how these factors influence trading strategies. This shows that you’re proactive and can contribute to idea generation, which is key for collaborating with sales and structuring teams.
✨Communicate Effectively
Since this role involves close collaboration with various teams, practice articulating your thoughts clearly and concisely. Prepare to discuss complex ideas in a straightforward manner, as excellent communication skills are essential in a fast-paced trading environment.
