Location:

Job Description:

The FX trader works with the foreign exchange sales group to price and execute client flows and hedge/manage the related market risks. The ideal candidate will have 3-5 years of FX trading experience at a large Swap Dealer institution on a flow desk. Must have a solid understanding of FX markets. Must understand the intricacies of FX spot, forward, swap and option products and have experience managing a portfolio of OTC FX transactions. Position is based in Cleveland, Chicago or New York Office.

Primary Responsibilities

• Work closely with the FX sales teams to quote FX product prices and execute trades.
• Communicate daily market color, economic conditions, and trade ideas to the FX salesforce.
• Manage a portfolio of FX spot, forward, swap and option products.
• Understand currency, credit and desk level FX risks and manage exposures within established limits.
• Understand internal systems, processes, and execution platforms to execute the desk's established risk management practices.
• Clearly communicate with the head of FX trading and senior management on FX issues.

Qualifications:

• Sell-side FX flow trading experience preferred.
• Strong understanding of FX forward, swap and option products.
• Strong understanding of FX swap dealer regulatory requirements with a focus on trading compliance and code of conduct (FX Global Code).
• Strong understanding of FX risk management - manage inventory levels and exposures within established limits, manage stop/loss metrics, and PnL attribution.
• Strong ability to accurately price and manage client flows and portfolio inventory.
• Understand modern electronic FX execution markets.
• Experience in trading and analyzing markets and managing FX risk.
• Strong interpersonal, communication, and relationship building skills.
• Highly organized, disciplined and works well as a member of a trading team.
• Quantitative skillset with strong attention to detail and risk management including understanding VaR, spot/forward/option exposures, and interest rate risk.

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $110,000 to $139,000 annually depending on job-related factors such as level of experience. Compensation for this role also includes eligibility for short-term incentive compensation and deferred incentive compensation subject to individual and company performance. Please click here for a list of benefits for which this position is eligible.

Please click here for a list of benefits for which this position is eligible.

KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to building a diverse, equitable and inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or other protected category.

Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.