What are the responsibilities and job description for the Vice President – Structured Trader position at BNP Paribas?
BNP Paribas Securities Corp.
Job Title: Vice President – Structured Trader
Location: 787 Seventh Avenue, New York, NY 10019
Duties: Utilize pricing fundamentals such as Market-maker in EM and G 10 FXO to risk manage options portfolio. Partner with sales and structuring to develop BNPP footprint in the region and provide liquidity in complex products to American based clients. Monitor books, inventory and P&L to stay within limits and reach objectives set by management. Follow market news to evaluate risk and opportunities in our books. Provide market access and liquidity to the Bank's customers through market making in a defined range of product instruments; put in place hedging if appropriate. Trade options within specified limits and in a global books’ setup based on a continuous analysis of client flows, market intelligence, and reading of macroeconomic scenarios. Contribute to, and facilitate with the trading middle office, the confirmation of daily P&L at the close of the day. Attend relevant regulatory and skill training and keep up to date with market issues.
SALARY: $179,088.00 USD to $265,000.00 USD/ year
Work Schedule: 9am to 5pm, 40 hours a week. (Monday – Friday)
Job Requirements: Master's degree (US or Foreign Equivalent) in Operations Research, Mathematics, or other quantitative/analytical fields and three (3) years of experience in FX Derivatives Trading. Must have three (3) years of experience with: market making to provide liquidity and expertise to a range of different clients; Risk management – understanding of greeks, barrier risk, and delta hedging; and both FXO vanilla and exotic options. Must have two (2) years of experience with: mentoring of juniors and interns; market commentary based on flows, macro views and themes, and inventory; Regulatory controls and procedures – control of risk limits, identifying operational issues / misbookings; and data and market analysis – identifying market opportunities, back testing strategies, and building scripts to improve desk workflow. Must have one (1) year of experience with: understanding of options theory and the pricing models used for various products; and understanding of FX convention and curve marking (atm, risk reversals, and butterflies). Completion of NFA Swaps Proficiency Program.
BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.
Protect yourself from fraudulent job postings. Emails about jobs at BNP Paribas will always come from addresses ending @bnpparibas.com, @us.bnpparibas.com, @ca.bnpparibas.com, or @br.bnpparibas.com. You should be suspicious of emails regarding employment with BNP Paribas coming from any other domains and should not respond. BNP Paribas will never send payments to or request payments from candidates for positions posted by BNP Paribas.
Job Title: Vice President – Structured Trader
Location: 787 Seventh Avenue, New York, NY 10019
Duties: Utilize pricing fundamentals such as Market-maker in EM and G 10 FXO to risk manage options portfolio. Partner with sales and structuring to develop BNPP footprint in the region and provide liquidity in complex products to American based clients. Monitor books, inventory and P&L to stay within limits and reach objectives set by management. Follow market news to evaluate risk and opportunities in our books. Provide market access and liquidity to the Bank's customers through market making in a defined range of product instruments; put in place hedging if appropriate. Trade options within specified limits and in a global books’ setup based on a continuous analysis of client flows, market intelligence, and reading of macroeconomic scenarios. Contribute to, and facilitate with the trading middle office, the confirmation of daily P&L at the close of the day. Attend relevant regulatory and skill training and keep up to date with market issues.
SALARY: $179,088.00 USD to $265,000.00 USD/ year
Work Schedule: 9am to 5pm, 40 hours a week. (Monday – Friday)
Job Requirements: Master's degree (US or Foreign Equivalent) in Operations Research, Mathematics, or other quantitative/analytical fields and three (3) years of experience in FX Derivatives Trading. Must have three (3) years of experience with: market making to provide liquidity and expertise to a range of different clients; Risk management – understanding of greeks, barrier risk, and delta hedging; and both FXO vanilla and exotic options. Must have two (2) years of experience with: mentoring of juniors and interns; market commentary based on flows, macro views and themes, and inventory; Regulatory controls and procedures – control of risk limits, identifying operational issues / misbookings; and data and market analysis – identifying market opportunities, back testing strategies, and building scripts to improve desk workflow. Must have one (1) year of experience with: understanding of options theory and the pricing models used for various products; and understanding of FX convention and curve marking (atm, risk reversals, and butterflies). Completion of NFA Swaps Proficiency Program.
BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.
Protect yourself from fraudulent job postings. Emails about jobs at BNP Paribas will always come from addresses ending @bnpparibas.com, @us.bnpparibas.com, @ca.bnpparibas.com, or @br.bnpparibas.com. You should be suspicious of emails regarding employment with BNP Paribas coming from any other domains and should not respond. BNP Paribas will never send payments to or request payments from candidates for positions posted by BNP Paribas.
Salary : $179,088 - $265,000