Overview
The trader will be a team member of the FX Options trading desk representing the bank in OTC FX Options Markets.
Key Responsibilities
- Act as market maker for vanilla and semi‑exotic FX options within the FX Options perimeter.
- Acquire market intelligence and comprehensive product knowledge.
- Price FX options and execute trades accordingly.
- Manage the book and hedge risk appropriately.
- Develop the bank's image and presence in the market through trading volumes.
- Propose new products in collaboration with financial engineering teams and the sales force.
- Support sales staff through client pitches and actively contribute to business development.
- Develop trading strategies.
- Assist in developing pricing models and specify or develop IT tools such as automation or pricing engines.
- Manage IT projects and project management activities.
- Provide pricing in other currency pairs during holidays or sickness.
- Provide sales desks with trade ideas and currency flows to generate increased sales business.
- Record all trades in line with procedures.
- Act on any compliance breach immediately and provide full explanation.
- Liaise between front and middle office to ensure smooth deal processing.
- Hierarchically manage permanent staff or trainees.
- Coordinate business or supervisory activities.
- Manage the education and career paths of junior team members.
- Ensure counterparty trades are within credit limits.
Compliance & Conduct
Adhere to internal policies, operational and conduct risk requirements, FCA and PRA Code of Conduct rules, and department conduct rules. Manage, control, prepare, and elevate risk within the scope of the position. Remain fully aware of and compliant with all regulatory requirements from regulatory and statutory bodies, trading venues, and other applicable authorities. Escalate conduct‑related issues to appropriate stakeholders or functions internally or externally. Adhere to business line mandates as directed by the manager.
Qualification & Skills
- Investment banking/financial services industry knowledge and experience.
- Excellent interpersonal, verbal and written communication skills, with the ability to interact convincingly with key decision makers across business lines, management, and control functions.
- Ability to work independently on multiple conflicting priorities and under pressure until completion.
- Flexible and adaptable.
- Excellent analytical skills and aptitude for numbers with strong attention to detail.
- Solution‑focused, service‑oriented and proactive.
- Team player, collaborates and shares information proactively.
- Exemplary professional conduct.
- Self‑motivated, proactive and entrepreneurial.
- Capability to prioritize and organize.
- Strong senior stakeholder management skills.
- Ability to develop relationships based on trust and professionalism.
Language
English is the business language for the role. Additional language requirements are defined to support the role purpose and coverage areas.
