At a Glance
- Tasks: Manage and trade complex FX options, focusing on correlations and hybrids in emerging markets.
- Company: Join a leading global investment bank with a strong reputation 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: Make a real impact in a high-stakes trading role with direct client engagement.
- 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 in London 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 position in the market 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 in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance world, especially those who are already in trading roles. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Get ready for interviews by brushing up on your market knowledge. Stay updated on macro developments and emerging market trends. This will not only impress interviewers but also show that you're genuinely interested in the role.
✨Tip Number 3
Practice your pitch! Be clear about your experience with FX options and how it relates to correlations and hybrids. Tailor your story to highlight your risk management skills and P&L generation – that's what they want to hear!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace FX Options Correlations/Hybrids Trader in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the role of FX Options Trader. Highlight your experience with EM exotics, correlations, and hybrids. We want to see how your skills align with the key responsibilities listed in the job description.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to showcase your passion for trading and your understanding of the market. Mention specific experiences that demonstrate your risk management skills and client engagement abilities.
Showcase Your Quantitative Skills:Since this role involves close collaboration with quantitative teams, make sure to highlight any relevant quantitative experience or projects. We love seeing candidates who can bridge the gap between trading and modelling!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensure it gets the attention it deserves. Don’t miss out on this opportunity!
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. Be prepared to discuss specific strategies for managing risk and pricing these complex derivatives, as well as your experience with EM-focused structures.
✨Showcase Your Quantitative Skills
Since the role requires strong quantitative intuition, brush up on your knowledge of volatility modelling and correlation dynamics. Be ready to explain how you've applied these concepts in previous roles, especially in relation to P&L generation and risk management.
✨Demonstrate Client Engagement Experience
Highlight your experience working with institutional clients and your ability to tailor solutions for them. Prepare examples of how you've partnered with sales teams to deliver bespoke trade structuring and idea generation that meets client needs.
✨Stay Updated on Market Trends
Familiarise yourself with current macro developments and EM volatility surfaces. During the interview, be prepared to discuss how these factors influence trading strategies and pricing, showing that you can think critically about market dynamics.
