FX Option Trader

Within Global Markets, the Foreign Exchange derivatives desk is a market making desk providing liquidity to SG clients on FX options and FX derivatives.

Key purposes of the role :

• Act as a market maker in the FX Options product space, servicing customers with quoting, trade ideas and liquidity

• Actively hedge the risks of the FXO books

• Ensure appropriate communication and smooth transition with FXO traders across the 3 centers. (US, Asia, Europe)

The trader will be a team member of the:

• FX Options trading desk

• Representing the bank in OTC FX Options Markets

He will act as:

• Market maker for vanilla and semi-exotic products within the FX Options Perimeter

As such, he will:

• Gain experience intelligence on his/her markets and comprehensive knowledge of the products dealt with

• Price FX Options and book them accordingly

• Manage his/her book and hedge risk appropriately

The trader will also focus on:

• Developing SG image/presence on the market through trading volumes and market presence

• Proposing new products in collaboration with financial engineering teams and sales force

• Supporting sales staff through client pitches /actively contributing to business development

• Developing trading strategies

• Assist in developing pricing models

• Specifying or developing IT tools (automatons, pricing engines)

• Project Management (e.g IT Projects)

• Provide pricing in other currency pairs during periods of holidays or sickness

• Provide Sales desks with trade ideas and currency flows to generate increased sales business

• Record all trades in line with procedures

• Actions any compliance breach immediately and with full explanation

• Liaise between front and middle office to ensure smooth deal processing

Other duties include:

• Hierarchical management of permanent staff/of trainees

• Business coordination or supervisory activities

• Manage the education and career paths of junior members of the team

• Ensure Counterparty trades are within credit limits

  
  

Conduct Responsibilities:

• Responsibility to adhere to internal Policies that relate to you, your business or other businesses for which you have any level of responsibility.  It is your responsibility to ensure compliance with operational and conduct risk requirements (e.g data leakage, security policies and regulatory requirements)

• Adhere to individual and where applicable department conduct rules in accordance with the FCA and PRA Code of  Conduct rules

• Responsibility for managing, controlling, preparing and escalating risk within the scope of your position and in line with existing policies

• Responsibility to ensure that you take reasonable steps to be fully aware of, understand and comply with all regulatory requirements from all regulatory  and statutory bodies, trading venues, etc  that are applicable to your role and business line

• To assist in the self identification of all conduct related issues. Ensure escalation to appropriate stakeholder or function whether internal or external

• Adhere to business line mandates relevant to the role as directed by your manager

Competencies :

• Investment banking/ financial services industry knowledge and experience
• Excellent interpersonal skills and communication skills (verbal and written) with the ability to interact and communicate convincingly at all levels with the key decision makers in a variety of business lines, management and control functions across the bank
• Ability to be able to work independently on multiple conflicting priorities and under pressure until completion
• Flexible and Adaptable
• Excellent analytical skills and an aptitude for numbers with excellent attention to detail
• Solution-focused, service-oriented and proactive
• Team player, proactively  shares information and collaborates with others
• Exemplary professional conduct
• Self- motivated, proactive and entrepreneurial
• Capability to prioritize and organize
• Strong senior stakeholder Management Skills
• Ability to develop relationships based on trust and professionalism

Language requirements if applicable are as defined to support the role purpose and coverage areas. (English is the business language for SG).

As soon as you arrive, you will be integrated into our teams and will learn every day alongside our experts, who will support you in your tasks. Gradually, you will become more independent in your projects, making this experience a real career accelerator. You will also discover all the diversity of our businesses, in a sector that is constantly evolving and innovating.

At the end of your studies, various opportunities could be offered to you, in France and abroad.

At Societe Generale, we are convinced that you are driver of change, and that the world of tomorrow will be shaped by all your initiatives, from the smallest to the most ambitious.

All over the world, whether you’re joining us for a period of months, years or your entire career, together we can have a positive impact on the future. Creating, daring, innovating and taking action are part of our DNA.

If you too want to be directly involved, grow in a stimulating and caring environment, feel useful on a daily basis and develop or strengthen your expertise, you will feel right at home with us!

Still hesitating?

You should know that our employees can dedicate several days per year to solidarity actions during their working hours, including sponsoring people struggling with their orientation or professional integration, participating in the financial education of young apprentices, and sharing their skills with charities. There are many ways to get involved.