Mid-Level FX Volatility Trader
Skills
About the Role
You will manage proprietary FX volatility portfolios across vanilla and structured options. You will generate and execute discretionary and quantitative volatility trading strategies, including directional volatility, relative value, volatility arbitrage, and event-driven trades. You will price, structure, and execute FX options while actively managing Greeks, volatility exposures, and overall portfolio risk. You will monitor implied and realised volatility, skew, term structure, correlations, and macroeconomic developments to identify trading opportunities. You will develop quantitative tools and models to support pricing, volatility forecasting, and trade selection, and you will work closely with quantitative researchers and developers to improve pricing models, execution systems, and trading infrastructure.
Requirements
- Bachelor's or Master's degree in Finance, Mathematics, Economics, Physics, Engineering, Computer Science, or a related quantitative discipline
- 4+ years’ experience trading FX options or FX volatility strategies within a bank, proprietary trading firm, hedge fund, or market maker
- Demonstrated understanding of FX options pricing, implied volatility, volatility surfaces, Greeks, and risk management
- Experience managing proprietary risk and generating independent trading ideas with a proven contribution to trading performance
- Strong knowledge of G10 FX markets and macroeconomic drivers of volatility
- Excellent analytical and quantitative skills with the ability to make fast, data-driven trading decisions
- Experience using Python or similar programming languages for data analysis, strategy development, or automation is highly desirable
- Strong understanding of market microstructure and electronic execution
- Excellent communication skills and ability to work collaboratively with traders, quants, and engineers
- Highly motivated, disciplined, and comfortable operating in a fast-paced trading environment
Responsibilities
- Manage proprietary FX volatility portfolios across vanilla and, where appropriate, structured options
- Generate and execute discretionary and quantitative volatility trading strategies, including directional volatility, relative value, volatility arbitrage, and event-driven trades
- Price, structure, and execute FX options while actively managing Greeks, volatility exposures, and overall portfolio risk
- Monitor implied and realised volatility, skew, term structure, correlations, and macroeconomic developments to identify trading opportunities
- Develop and maintain quantitative tools and models to support pricing, volatility forecasting, and trade selection
- Analyse market data and identify statistical relationships and inefficiencies across FX volatility markets
- Work closely with quantitative researchers and developers to improve pricing models, execution systems, and trading infrastructure
- Manage positions within defined risk limits while maintaining disciplined P&L attribution and risk reporting
- Continuously evaluate strategy performance and recommend improvements based on market conditions and quantitative analysis
- Stay informed of central bank policy, macroeconomic events, and geopolitical developments impacting FX volatility markets
- Contribute to the ongoing enhancement of G-20's trading technology and research capabilities
