Volatility Trader- FX Options and Rates

Volatility Trader – FX Options & Rates

Overview

A global investment firm is seeking an experienced Volatility Trader to join its trading team, with primary responsibility for managing and trading volatility across FX options and interest rate products. The role focuses on identifying relative value opportunities, structuring trades, and actively managing risk across global markets. The successful candidate will work closely with portfolio managers, risk, and quantitative teams within a fast-paced, performance-driven environment.

Key Responsibilities

• Trade and manage FX option and rates volatility portfolios, including vanilla and structured options
• Identify relative value, carry, skew, and term-structure opportunities across global markets
• Actively manage vega, gamma, and higher-order risks while maintaining disciplined risk controls
• Develop and implement volatility strategies across major and emerging market currencies and rates
• Analyze market dynamics, macro drivers, and event risk impacting volatility surfaces
• Work closely with quantitative, structuring, and technology teams to enhance pricing, risk analytics, and execution
• Monitor and manage P&L, stress scenarios, and tail risks
• Contribute to ongoing improvement of models, analytics, and trading infrastructure

Qualifications

• 5 years of experience trading or structuring FX options and/or rates derivatives
• Deep understanding of volatility dynamics, Greeks, and options pricing models
• Strong knowledge of global macro drivers, central bank policy, and rates markets
• Proven ability to manage risk and generate consistent P&L across market cycles
• Strong quantitative skills; proficiency with Excel required, programming experience (Python, VBA, or similar) a plus
• Experience working in a hedge fund, proprietary trading, or bank trading environment
• Ability to operate independently while collaborating effectively within a team

Preferred Experience

• Background in systematic or discretionary volatility strategies
• Experience trading cross-asset volatility or relative value strategies
• Familiarity with model calibration, volatility surface construction, and stress testing
• Experience trading both developed and emerging markets

Personal Attributes

• Strong analytical mindset with attention to detail
• Comfortable making decisions under uncertainty and managing risk in real time
• Entrepreneurial, self-motivated, and performance-oriented
• Clear communicator with the ability to articulate risk and trade rationale