Mid-Level FX Volatility Trader (Zurich)

Skills

About the Role

Manage proprietary FX volatility portfolios across vanilla and structured options; generate and execute discretionary and quantitative volatility trading strategies; price and structure FX options; manage Greeks, volatility exposures, and portfolio risk; monitor volatility, correlations, and macroeconomic developments; develop quantitative tools and models; and collaborate with 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 of experience trading FX options or FX volatility strategies within a bank, proprietary trading firm, hedge fund, or market maker.
• 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 collaborate with traders, quants, and engineers.
• Highly motivated, disciplined, and comfortable in a fast-paced trading environment.
• Experience trading event volatility around central bank meetings, inflation releases, and macroeconomic events is desirable.
• Familiarity with volatility modelling, stochastic volatility models, or systematic volatility strategies is desirable.
• Knowledge of electronic trading platforms and execution analytics is desirable.
• Demonstrated track record of consistent risk-adjusted trading performance is desirable.
• Must reside in Switzerland and possess pre-existing Swiss work authorization without requiring company sponsorship.

Responsibilities

• Manage proprietary FX volatility portfolios across vanilla and 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 managing Greeks, volatility exposures, and portfolio risk.
• Monitor implied and realised volatility, skew, term structure, correlations, and macroeconomic developments.
• Develop quantitative tools and models for pricing, volatility forecasting, and trade selection.
• Analyse market data and identify statistical relationships and inefficiencies across FX volatility markets.
• Collaborate with quantitative researchers and developers to improve pricing models, execution systems, and trading infrastructure.
• Manage positions within defined risk limits and maintain disciplined P&L attribution and risk reporting.
• Evaluate strategy performance and recommend improvements based on market conditions and quantitative analysis.
• Monitor central bank policy, macroeconomic events, and geopolitical developments affecting FX volatility markets.
• Contribute to enhancements of G-20's trading technology and research capabilities.