FX Trader

Job Description

Dynamic financial institution specializing in global markets. We are looking to expand our team with an experienced FX Trader to manage foreign exchange trades, analyze market trends, and develop strategic trading strategies to maximize returns. Join our team to help drive our success in the forex market.

Job Summary:

The FX Trader will be responsible for executing and managing foreign exchange transactions across multiple currencies. The role involves analyzing market trends, developing trading strategies, managing risk, and monitoring the performance of currency positions. The ideal candidate will have strong analytical skills, in-depth market knowledge, and a track record of executing profitable trades.

Key Responsibilities:

• Market Analysis: Monitor global financial markets and economic indicators to stay informed on market movements, geopolitical events, and economic data that impact FX prices.
• Trading Execution: Execute FX trades (spot, forwards, swaps, options) in line with the trading strategy, managing both long and short positions across multiple currencies.
• Risk Management: Implement risk management strategies to limit exposure and protect the portfolio from market volatility.
• Strategy Development: Develop and optimize trading strategies based on technical and fundamental analysis. Work closely with senior traders and analysts to refine and test strategies.
• Performance Reporting: Track and report on trading performance, generating reports that outline profits, losses, and key performance metrics. Present regular updates to senior management.
• Market Research: Conduct research into macroeconomic trends, central bank policies, and global financial news to identify trading opportunities.
• Relationship Management: Liaise with brokers, counterparties, and other financial institutions to ensure optimal execution of trades.
• Compliance: Ensure all trading activities comply with internal policies, external regulations, and industry best practices.

Qualifications:

• Education: Bachelor’s degree in Finance, Economics, Business, or related field. A master’s degree or professional certification (CFA, FRM) is a plus.
• Experience:
  • Minimum of 3 years of experience in FX trading, with a proven track record of profitability and risk management.
  • Experience in both spot FX and derivatives (forwards, options, swaps) is preferred.
  • Strong understanding of macro-economics, central bank policies, and their impact on FX markets.
• Skills:
  • Proficiency with trading platforms (e.g., MetaTrader, Bloomberg, Reuters) and risk management tools.
  • Excellent analytical and problem-solving skills with the ability to make quick decisions under pressure.
  • Strong communication skills and ability to work in a team-oriented environment.
  • Ability to manage multiple tasks and prioritize in a fast-paced environment.

Preferred Skills:

• Algorithmic Trading: Experience with automated or algorithmic trading systems is a plus.
• Technical Analysis: Familiarity with technical analysis tools such as chart patterns, indicators (RSI, MACD, Fibonacci), and price action trading.
• Programming Skills: Knowledge of Python, R, or other programming languages used for data analysis and algorithmic trading.
• Multilingual: Ability to speak multiple languages is an advantage, especially in major financial hubs.

Personal Attributes:

• Highly detail-oriented with the ability to analyze and interpret complex data.
• Strong work ethic, self-motivated, and results-driven.
• Ability to handle stressful situations and perform under pressure.
• Excellent judgment and decision-making abilities.
• Demonstrates a commitment to learning and staying up to date with global financial trends.