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BNP Paribas · 2 days ago

Vice President – Structured Trader

New York, NY

Full-time

Onsite

Mid Level

$179K/yr - $265K/yr

3+ years exp

BNP Paribas Securities Corp. is seeking a Vice President – Structured Trader. The role involves managing an options portfolio, providing liquidity to clients, and monitoring risk and performance metrics to achieve management objectives.

BankingConsumer LendingFinancial ServicesInnovation ManagementWealth Management

Responsibilities

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

Qualification

FX Derivatives TradingMarket MakingRisk ManagementOptions TheoryDataMarket AnalysisRegulatory ControlsMarket CommentaryNFA Swaps ProficiencyMentoring

Required

Master's degree (US or Foreign Equivalent) in Operations Research, Mathematics, or other quantitative/analytical fields

Three (3) years of experience in FX Derivatives Trading

Three (3) years of experience with market making to provide liquidity and expertise to a range of different clients

Three (3) years of experience with Risk management – understanding of greeks, barrier risk, and delta hedging

Three (3) years of experience with both FXO vanilla and exotic options

Two (2) years of experience with mentoring of juniors and interns

Two (2) years of experience with market commentary based on flows, macro views and themes, and inventory

Two (2) years of experience with Regulatory controls and procedures – control of risk limits, identifying operational issues / misbookings

Two (2) years of experience with data and market analysis – identifying market opportunities, back testing strategies, and building scripts to improve desk workflow

One (1) year of experience with understanding of options theory and the pricing models used for various products

One (1) year of experience with understanding of FX convention and curve marking (atm, risk reversals, and butterflies)

Completion of NFA Swaps Proficiency Program