Wednesday, December 3, 2008

Senior FX Currency Trader

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Description
Employment Type: Regular
Full/Part Time: Full Time FLSA Status: Exempt
Division: Commercial
Location: 222 South Riverside Plaza, Chicago, IL

GENERAL FUNCTION: A Structured Commodity Derivatives Sales Trader will be responsible for management and coordination of all sales and marketing efforts for "over the counter" (OTC) commodity derivatives transactions that hedge a corporation's underlying commodity exposure. These financial derivatives are marketed to corporations throughout Fifth Third's Affiliate and Large Corporate footprint.

DUTIES & RESPONSIBILITIES:
Identifying accounts and their exposures to build a book of business through hedge programs that create a recurring trade and revenue stream
Help identify and work closely with structured products traders to provide effective and suitable hedges for customer exposures
Work with Affiliate Relationship Managers and other Capital Markets Products Groups (Foreign Exchange, Interest Rate Derivatives, and Public Finance) to identify, meet and close OTC* commodity transactions. The commodity OTC underlying products will include, but not be limited to:

ENERGY - Heating Oil, Natural Gas, Crude Oil, Fuel Oil, Jet Fuel Lead, Unleaded Gasoline, Diesel

METALS/Other Base - Zinc, Aluminum, Copper, Steel, Petrochemicals (HDPE, PVC), Tin, Nickel

PRECIOUS/Other - Gold, Silver *OTC contracts will include options, forwards, and commodity swaps.

SUPERVISORY RESPONSIBILITIES: None

Requirements
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

Undergraduate degree in Business Administration, Mathematics, or related field is required.liStructured derivatives sales experience.liComplete understanding of derivatives and structured products net present values and profitability.liBase understanding of all commodity fundamentals including correlations, hedging effectiveness and client suitability.liAbility to use Bloomberg, Reuters, Excel, and Modeling systems to determine pricing and hedge effectiveness for all proposed OTC structured hedges. E.O.E., M/F/D/V

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