FX Trader Job Description
FX trader
provides timely, relevant, and high-quality research on macroeconomic and financial issues, particularly in relation to interest rates and FX markets, with a strong focus on global markets.
FX Trader Duties & Responsibilities
To write an effective FX trader job description, begin by listing detailed duties, responsibilities and expectations. We have included FX trader job description templates that you can modify and use.
Sample responsibilities for this position include:
Acting ethically at all times, by ensuring all transactions and procedures are in accordance with governing rules and regulations and in accordance with company policies
Improving systems to ensure we increase automation to minimize business risk
Manage trading risks to ensure these are within the local regulations and internal control
Continuously improve our models, systems and platforms
He will be able to manage FX forwards position accurately
Will have to manage, working with Short Term Desk, the Local Liquidity Position
*The annual budget for the role will be 1.5 Mio USD per year in revenues
Receiving a daily average volume on Swaps Mio
Cooperating on Spot daily volume Mio
Trading mandate must be accomplished
FX Trader Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for FX Trader
List any licenses or certifications required by the position: CFA, FRM, JSDA, CMT
Education for FX Trader
Typically a job would require a certain level of education.
Employers hiring for the FX trader job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Economics, Mathematics, Engineering, Business, Accounting, Education, Technical, Business/Administration, MBA
Skills for FX Trader
Desired skills for FX trader include:
Regulatory framework and requirements in relevant countries
BBH business
Banking and financial markets with particular understanding of the regulatory environment
Practices and systems
Financial markets
Regulations
Systems
Excel VBA/Macros
FX Emerging Markets
FX products/markets
Desired experience for FX trader includes:
Liaising with support areas regarding trade bookings and amendments (give-ups, settlement issues, IT configuration)
Executing and managing Foreign Exchange trades, ensuring all trading is executed and processed accurately & according to specific manager requirements
Ensuring Portfolio Managers are well informed on latest market conditions and research
Performing process improvement projects to increase effectiveness
Executing GSAM directional FX flow
Keeping Portfolio Managers up to date with market movements
FX Trader Examples
1
FX Trader Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of FX trader. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for FX trader
- The hedging of fixed income and equity accounts
- Maintaining and rebalancing hedges to benchmarks
- Setting up and maintenance of new accounts
- Working with operations teams to ensure daily issues are resolved in timely fashion
- Ensuring best execution is achieved for all of our clients
- Ensuring that we are on top of all compliance and regulatory developments
- Assist with daily foreign exchange and rates trading, monthly foreign exchange hedge rolls
- Execution of client orders/trades
- Read up on top news stories and fundamental research
- Talking with sales traders about orders
Qualifications for FX trader
- Improve Risk Awareness and Risk Culture
- 7+ years of working in the Financial Services Firm
- Command of FX Fundamentals and a general understanding of wider financial products
- Experience with FX trading
- Experience with FX option trading
- Experience trading futures a plus but not required
2
FX Trader Job Description
Job Description Example
Our growing company is hiring for a FX trader. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for FX trader
- Quote customer request
- Manage risk actively
- Generate trade ideas
- Generate PnL
- Build new reporting tools
- Build new pricing tools
- Back up colleagues in other currency pairs
- Take part in the weekly G10 STIR call
- Execute transactions within the authorized product mandate and manages the associated risk/market risks within established limits and the target risk profile
- Ensure adherence to all limits and controls as prescribed by the Risk Department
Qualifications for FX trader
- A background in financial modeling and/or programming a plus but not required
- Ability to abstract trade processes from individual trade details
- Desire to push execution capabilities to the leading edge of trading and technology
- Meticulous attention to detail and ability to maintain focus in times of stress
- Self-motivated, flexible, reliable and someone who takes pride and ownership in his/her work
- Hard science skills
3
FX Trader Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of FX trader. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for FX trader
- Interpret market trend and evaluates the demand and supply ratios within various markets in relation to the Bank’s own positions and takes actions in relation to the risk profile of these positions
- Will serve as the local expert on all matters relating to the Philippine market in this area, including market and regulatory developments, social political status so as to ensure the smooth running of the trading desk
- Price & book FX flows
- Hedge FX flows and take part of daily administrative tasks
- Apply desk strategies to manage risks and optimize hedges
- Estimate and validate daily results
- Participate in developing of tools, processes and methodologies
- Backup other FX traders
- Monitor, take and trade FX positions using FX derivatives and cash
- Liaise with others traders (locally and globally) to ensure smooth transitions of daily book passing
Qualifications for FX trader
- An advanced post-graduate degree a plus but not required
- Experience trading exotic options a plus but not required
- Desire to get hands dirty in an entrepreneurial environment
- Proposes solutions that truly fit clients' needs and colleagues' requests
- Experience in derivative trading/strategy/structuring role preferred
- 6-10 years of experience in Local Markets Credit with Institutional clients
4
FX Trader Job Description
Job Description Example
Our company is hiring for a FX trader. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for FX trader
- Source and review potential trading opportunities
- Maintain and build flow activities by supporting regional sales force
- Liaise with local and global support teams to ensure human resources are utilized in an efficient manner
- Business development- Assisting the desk liaison with the relationship and product teams to identify and realise all market sales and cross-selling opportunities
- Market making in major G10 currencies
- Work in close collaboration with our E-Trading team in order to help grow the overall business
- Will be in charge of daily FX trading and execution of fund asset orders
- Prepare, review and keep records of trades
- Manage FX accounts with swap banks
- Interact with various external vendors to effectively manage the platforms that we use
Qualifications for FX trader
- Strong and consistent P&L track record market-making FX options
- Strong product knowledge, with focus on “flow” products (vanillas and first-gen exotics)
- Strong knowledge of FX markets, including macroeconomics
- Ability to discuss markets and trade ideas with institutional client base
- Ability to work with Excel and VBA is a plus
- Team player, willing to contribute to the success of the broader team
5
FX Trader Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of FX trader. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for FX trader
- Organizes some programming to automate and improve the efficiency of our existing systems / processes
- FX market research and relevant regular reports generation
- Support portfolio manager with global market research, market & product pitch deck generation
- Support portfolio manager with Korea financial market research
- Working with Korea sales team and regional product specialists to generate regular product reports to clients
- Works collaboratively with the Manager when analyzing risks and recommending actions to take
- Assist with the exposure collection from around the globe
- Execute the FX, commodity, and interest rate trades
- Monitors executed trades in comparison with the underlying exposure in order to assess effectiveness
- Educate plants and regional treasury individuals on exposure identification, forecasting, and accounting
Qualifications for FX trader
- Ability to adapt and work with different cultural background
- Comfortable in a start-up environment, pragmatic, proactive, entrepreneurial
- Extensive experience within the region, ideally across multiple industry segments
- Extensive experience within a multi-stakeholder, multi-buying group sales environment
- Some knowledge of the US/LatAm e-FX market and related industry contacts
- Some knowledge of the payments landscape & FX markets