Local Market Rates and FX Trader

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Job description

Business type

Types of Jobs - Corporate & Investment Banking

Job title

Local Market Rates and FX Trader

Contract type

Permanent Contract

Management position

No

Job summary

Responsible for trading within authorised trading limits on the IRD Linear EM Trading desk, i.e. the risk parameters and designated currency and product limits. In order to maximise revenues within pre-established limits and objectives.
Trades are predominantly in PLN, CZK, HUF, RON, ZAR, TRY, ILS, MXN but the trader will be expected to trade our other books in support if required. Products will include FX and linear Interest Rate Derivatives
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 Linear FX and Emerging Market Rates trading for Europe.
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
* In conjunction with the Head of Linear FX and Emerging Market Rates Trading for Europe, establish overall risk parameters.
* Manage and hedge the overall risk of the Linear FX and Rates Trading portfolio 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 Linear FX and Emerging Market Rates Trading Europe.
* 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. Maintain such risks within the risk limits delegated by Market Risk together with any additional limits imposed by Linear FX and Emerging Market Rates Trading Europe.

Supplementary Information

Our commitment to you!

Make an impact that matters
Your work contributes to a social responsibility and sustainable future. As a founding signatory of the Equator Principles and a global leader in sustainable finance, we finance projects that benefit both people and the planet. You can extend your impact through our Charities Committee, which provides annual paid volunteering leave to support causes you care about.

Grow without limits
Access development opportunities across the Crédit Agricole Group; whether deepening expertise, exploring new skills or taking on roles across borders. Our structured mentoring programme connects you with experienced colleagues, while cross-functional projects and learning initiatives help you build the capabilities that matter most to you.

Thrive in a culture built on trust
Be part of a collaborative environment built on trust, autonomy, and empowerment. Diversity is celebrated through our SPRING Diversity network, and our Sports and Social Club fosters genuine connections beyond the workplace. Crédit Agricole CIB is not just a place to work, it is a place where you can make a positive impact.

Shape the future of banking
From digital transformation to innovative solutions, you are fully supported to challenge conventions and turn ideas into reality.

Join us
Our hiring process is open to all. Should you require any accommodations, please let us know.

Position location

Geographical area

Europe, United Kingdom

City

London

Candidate criteria

Minimal education level

Bachelor Degree / BSc Degree or equivalent

Academic qualification / Speciality

Degree, preferably in a Mathematical / Scientific area, or A- levels followed by appropriate market relevant working experience.

Experience

* Experience in financial products related trading/ risk management activities.
* Experience in trading and risk managing a trading book, where applicable.

Required skills

ESSENTIAL
* Team oriented.
* Excellent communication skills and able to coordinate effectively with other Senior Managers, Sales, Structurers and Quants.
* Ability to think quickly, make decisions using good judgement and prioritise in busy trading situations.
* Ability to remain calm under pressure.
DESIRABLE
* Competent in a second language.

Technical skills required

* IT literate.
* Thorough knowledge of financial derivatives including market liquidity (ability to enter or exit a position) and volatility (magnitude/ speed of price change), pricing and trading/hedging strategies.
* Strong numerical, analytical and spreadsheet skills