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FX Non Linear Trader


Vacancy details

General information

Entity

About Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB)

Crédit Agricole CIB is the corporate and investment banking arm of Credit Agricole Group, the 12th largest banking group worldwide in terms of tier 1 capital (The Banker, July 2021). Nearly 8,600 employees across Europe, the Americas, Asia-Pacific, the Middle East and Africa support the Bank's clients, meeting their financial needs throughout the world. Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital markets activities, investment banking, structured finance, commercial banking and international trade. The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients.


For more information, please visit www.ca-cib.com

Twitter: https://twitter.com/ca_cib
LinkedIn: https://www.linkedin.com/company/credit-agricole-cib/
  

Reference

2021-62043  

Update date

15/11/2021

Job description

Business type

Types of Jobs - Others

Job title

FX Non Linear Trader

Contract type

Permanent Contract

Job summary

Summary

 Responsible for trading within authorised trading limits on the FX Options trading desk, i.e. the risk parameters and designated currency and product limits. In order to maximise revenues within pre-established limits and objectives.

Within the parameters of the overall business strategy of CA-CIB and other agreed policies, the candidate is empowered to implement the strategy and business plans within the business line, as decided by the Head of FX Non Linear Trading.

 

Key Responsibilities

Strategy and Business Planning

  • Market make for customers in FX Non Linear Trading desk
  • Execute transactions in accordance with established risk management procedures and risk parameters.
  • Formulate trading strategy and relate these to market opportunities.
  • Be aware of all economic and financial data likely to affect the market and keep updated on market changes.
  • Take views on future market developments and advise sales accordingly.
  • Provide product pricing for both authorised products as well as client transactions. Pricing must ensure that the Bank is adequately compensated for the level of principal risk and the amount of balance sheet it dedicates to specific transactions.
  • Keep abreast of the markets by reading the financial press and available economic research.
  • Input all executed trades directly into the Front Office Systems in a timely manner

Management and Reporting

  • Report Daily P&L, risk and key market movements to management by email
  • Report to the Local and Global Head of FX Options Trading on a regular basis on the progress of the business and specific issues. 

Mandate

  • Ensure strict compliance with the mandate attributed to the desk
  • Sign the mandate in the MRL tool according to the procedure currently in place with the Bank

Risk

  • Manage and hedge the overall risk of the FX Options trading portfolios on an intra and inter day basis.
  • Ensure adherence with regard to position and risk limits.
    • Ensure adherence to the overall risk limits, including both credit and market risk, as set for Non Linear FX trading desk.
    • Ensure clear and where relevant documented delegation of these limits across the various trading books as appropriate.
    • Ensure adequate systems and information flow to allow monitoring and management of these risks.
    • Ensure that other categories of risk to which the Company is exposed (e.g. legal, operational, and reputational risk) are identified to the extent possible within the trading function. Such risks should then be delegated, documented and managed as appropriate within acceptable levels.

Position location

Geographical area

America, United States Of America

City

NEW YORK

Candidate criteria

Minimal education level

Bachelor Degree / BSc Degree or equivalent

Academic qualification / Speciality

Bachelors degree in Finance, Mathematics, Engineering or related preferred.

Level of minimal experience

0-2 years

Experience

  • 1-2 years of finance related work

Technical skills required

  • Knowledge of statistics & probability 
  • Proficient in Excel and Bloomberg
  • Experience with VBA, Python, SQL beneficial