Saturday, August 22, 2009

Prop Trader - Interest Rates / FX

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Description

Prop Trader - Interest rates / FX

Summary

We have been retained by one of the world’s largest commodity firms to find a Prop Trader for its Interest Rate / FX group in the Midwest. Our client has operations in more than 50 countries across the globe. Their Prop trading group is looking for a top performing trader who can develop and execute trading ideas/strategies for developed country currencies and their corresponding interest rates. This is a new position for this Group and will report to the Head of Global Trading.

Currently the Group consists of 10 traders who have come from top investment banks and hedge funds. This person will be the lead trader of developed currencies / interest rates for the Group. There is opportunity for this person to interact frequently with top level executives at the firm.

This person will need to be able to generate individual revenues yet collaborate with other traders in order to drive revenue for the greater group. Variable compensation is tied to both to ensure teamwork. Our client is not under Federal TARP supervision; therefore variable compensation is not capped.

Principal Accountabilities:

· Direct idea development and execution of all trades of Australian Dollar, Canadian Dollar, Euro, Swedish Krona, Norwegian Krone, Pound, New Zealand Dollar, Swiss Franc, US Dollar and Yen, the corresponding interest rates and derivatives

· Mentor junior traders in the development of trading strategies

· Accurately track trading positions on a daily basis
Develop and maintain a close relationship with the risk department
Requirements

Required Qualifications:

· 5 + years of experience in FX/interest rate trading for a hedge fund, investment banking, or prop trading firm

· Minimum annual revenue production of $4 mil

· Top risk management skills

· Excellent quantitative analytical skills

· Bachelors degree and MBA from top university

Compensation

· Commensurate with experience, base plus bonus

· Uncapped bonus potential based on revenue generation

· Full relocation

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