Senior Foreign Exchange (FX) Trader
Company: Disability Solutions
Location: Boston
Posted on: October 17, 2024
Job Description:
Job Title:Senior Foreign Exchange (FX) TraderLocation:BostonWhat
you'll do:This is an exciting opportunity for an FX professional to
join Western Alliance Bank's growing foreign exchange team. The
role will initially involve trade execution, position, and risk
management, but there will be ample opportunities to move into
other roles over time, based on your interests and performance. You
will be responsible for opening our system for client trades at 8
am Eastern Time and provide pricing, execution, and support for our
client-facing FX spot, forward and options business during east
coast hours. Over the next year or two, we expect to expand our
coverage from our current 10 hours per day to a continuous 24/5
capability.You should be interested in and knowledgeable about
financial markets in general, with demonstrated proficiency in FX
across all major and emerging market currencies. Familiarity with
market standard risk management, multi-dealer, and aggregation
platforms, as well as information and pricing sources, including
but not limited to Bloomberg and Refinitiv, would be a strong plus.
Western Alliance is one of the best performing banks in the country
and we are expanding rapidly into new market segments and
geographies; as a result, we see tremendous upside in FX and other
fee income products. We have offices across the U.S. and have some
flexibility around location for the ideal candidate but do view
this as primarily an in-office role. Finally, we are looking for a
well-rounded individual; personable, strong work ethic, great
verbal and written communication skills, the ability to work
independently and think creatively when needed. If you feel you are
a good fit, we would love to hear from you.What we are looking
for:
- East Coast coverage and hours: 8 am Eastern start time (5 am
Pacific).
- Launch our client-facing platform for trading at 8 am
Eastern.
- 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, by being ethical and transparent
in your interaction with all counterparties.Qualifications:
- 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.
- An 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 (or
lack thereof), nuances of specific currency pairs, major price and
market drivers, etc.
- Ideally a strong technical background, including an
understanding of interest rate parity, forward curve construction,
cross-currency basis, 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.
- Preferably some experience with FX-specific systems such as
FXGO, FXall, 360T, as well as aggregation platforms such as
Aphelion or Integral.
- Understanding of execution tactics and tools, and the nuances
of each: RFQ/RFS/ESP, algos, DMA, liquidity streams/pools and
others.Compensation: Salary range for new hires is generally
$96,000.00 - $113,000.00 for New York, NY. Salary amount is
determined by specific job location. In addition, the role may be
eligible for annual bonus/incentives earned and restricted
stock.Benefits you'll love:We offer all the important things you'd
want - like competitive salaries, an ownership stake in the
company, medical and dental insurance, time off, a great 401k
matching program, tuition assistance program, an employee volunteer
program, and a wellness program. In addition, you'll have the
opportunity to bolster your business knowledge, learning the ins
and outs of how successful companies operate and manage their
finances, giving you invaluable hands-on experience to help grow
your career!About the company:Western Alliance Bank is a wholly
owned subsidiary of Western Alliance Bancorporation. Alliance Bank
of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank,
First Independent Bank, and Torrey Pines Bank are divisions of
Western Alliance Bank; Member FDIC. AmeriHome Mortgage is a Western
Alliance Bank company.Western Alliance Bancorporation is 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. Western
Alliance Bancorporation is committed to working with and providing
reasonable accommodations for individuals with disabilities. If you
are an individual with a disability and require a reasonable
accommodation to complete any part of the application process
and/or need an alternative method of applying, please email
HR@westernalliancebank.com or call 602-386-2488. When contacting
us, please provide your contact information and state the nature of
your accessibility issue. We will only respond to inquiries
concerning requests that involve a reasonable accommodation in the
application process.-- Western Alliance Bancorporation
Keywords: Disability Solutions, Lowell , Senior Foreign Exchange (FX) Trader, Accounting, Auditing , Boston, Massachusetts
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