FX Options Trader
Role Overview
Our client, a leading international investment bank is seeking a highly skilled FX Options Trader to join its London-based Global Markets trading team. The successful candidate will take responsibility for managing the EUR/USD FX options book, contributing to market-making, risk management, and the strategic growth of the FX options franchise.
Key Responsibilities
Trading & Risk Management
- Manage and optimise the EUR/USD options trading book across vanilla and structured options.
- Price, execute, and hedge client and interbank flows across the EUR/USD volatility surface.
- Monitor and manage Greeks, vega exposures, skew, and event risk.
- Conduct scenario analysis and stress testing within the bank's risk framework.
- Ensure full adherence to trading limits, governance, and regulatory requirements.
Market-Making & Client Support
- Provide competitive pricing for institutional, hedge fund, and corporate client flows.
- Partner closely with sales to deliver tailored options solutions, including barrier, digital, and multi-leg structures.
- Build strong internal and external relationships to support the growth of the FX options business.
Market Insight & Research
- Analyse macro trends, central bank developments, and volatility dynamics impacting EUR/USD markets.
- Provide internal teams with timely market colour, trade ideas, and risk insights.
- Collaborate with quantitative teams to enhance models, tools, and product innovation.
Collaboration & Leadership
- Mentor junior traders and analysts where appropriate.
- Work jointly with cross-asset teams (rates, FX spot, structuring) to deliver integrated client solutions.
- Contribute to desk strategy, platform improvements, and automation initiatives.
Skills & Qualifications
- 5-10+ years of experience in FX options trading, ideally with a G10 focus and strong EUR/USD expertise.
- Solid technical understanding of options pricing, volatility surfaces, and stochastic models.
- Strong and demonstrable P&L track record with disciplined risk management.
- Experience in both vanilla and exotic structures (barriers, digitals, multi-asset payoffs).
- Strong communication skills and ability to work seamlessly with sales, structuring, and support teams.
- Familiarity with Python, VBA, or similar languages is advantageous.
- Degree in Finance, Mathematics, Engineering, Economics, or related discipline.
FAQs
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