Senior Foreign Exchange Trader
1 month ago
This is an exciting opportunity for an experienced FX professional to join Western Alliance Bank's growing foreign exchange team. The role will involve trade execution, position, and risk management, with opportunities to move into other roles based on performance and interest.
Responsibilities will include opening the system for client trades, providing pricing, execution, and support for FX spot, forward, and options business during east coast hours. The team is expected to expand its coverage from 10 hours per day to 24/5 capability within the next year or two.
We are looking for a well-rounded individual with strong verbal and written communication skills, the ability to work independently, and think creatively when needed. Familiarity with market standard risk management, multi-dealer, and aggregation platforms, as well as information and pricing sources, is a strong plus.
Key Responsibilities:- Monitor, price, and execute trades (spot, forward, swaps, NDFs, options), cover risk.
- Assist with client-related matters as needed: Calls, advice, indicative pricing, market color and commentary.
- Produce internal reports and analysis, conduct research, back up other team members as and when needed.
- Build and maintain strong relationships with internal teams, clients, and other key stakeholders.
- Comply with regulatory, risk, and compliance guidelines and adhere to best market practices.
- Bachelor's Degree from a four-year college or university and three (3) or more years of related experience and/or training; or a combination of experience and education.
- At least 2 years in a trading or trading-adjacent role, with focus on foreign exchange, fixed income, structured products, equities, and/or derivatives.
- Understanding of foreign exchange derivatives (forwards, time options/windows, swaps, NDFs, options); should ideally include pricing/valuation and an understanding of the mechanics and use case for each product.
- Understanding of foreign exchange markets and concepts, including quoting and trading conventions, market structure, nuances of specific currency pairs, major price and market drivers, etc.
- Familiarity with Bloomberg, Refinitiv's Eikon, or other market/business data platforms.
- Some familiarity with execution/order management platforms such as Triton, Newport, EMSX/TSOX, REDI, CRD, SmartTrade or others would be desirable, even if they relate to asset classes other than FX.
We offer competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, employee volunteer program, and a wellness program.
Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. We are committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity, or genetic information.
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