eFX Trader, eFX & DA Trading
- Full-time
- Managerial role: No
Company Description
Building the bank of tomorrow takes more than skills.
It means combining our differences to imagine, discuss, code, develop, test, learn… and celebrate every step together. Share our vibes? Join Swissquote to unleash your potential.
We are the Swiss Leader in Online Banking and we provide trading, investing and banking services to +500’000 clients, through our performant and secured digital platforms.
Our +1000 employees work in a flexible way, without dress code and in multicultural teams.
By having a huge impact on the industry, they are growing their skills portfolio and boosting their career in a fast-pace environment
We are all in at Swissquote. As an equal opportunity employer, we welcome candidates from all backgrounds, experiences and perspectives to join our team and contribute to our shared success.
Are you all in? Don’t be shy, apply!
Job Description
As an eFX Trader you will join the growing eFX & DA Trading team, which serves the bank’s electronic trading business as principal counterparty in OTC venues and CLOBs and as operator of SQX: Swissquote’s own cryptocurrency exchange.
As a team we:
- contribute to the bank’s commercial goals by managing the electronic risk book (proprietary internalization system)
- provision SPOT liquidity such that clients’ execution needs and the bank’s policies and regulatory requirements are sustainably met
- ensure a gainful network of trading counterparties
- ensure SQX serves as an attractive and compliant marketplace for clients and market-makers
- drive the bank’s ongoing investments in its proprietary trading and risk systems in collaboration with software engineers and IT
- drive the quantitative research initiatives relevant to our business scope
- ensure excellent product quality and participate in its continuous improvement
- facilitate new business initiatives in collaboration with various internal teams
You are expected to become a reliable and autonomous team member within reasonable timeframe, adding on the team’s capacity with respect to its day-to-day eFX duties. Specifically:
- Stay on top of our risk PnL and inventory and act according to procedures e.g. adjust system configuration
- Assess client flow, provision liquidity accordingly and be a reference point to Sales and other internal teams
- Assess sourced liquidity and act to optimize it e.g. proactively liaise with LPs, adjust systematic hedging configuration etc.
- Use internal analytical tools and your own quantitative capabilities to draw data-driven conclusions, suggest actions, deliver reporting
- Ensure that systems perform as expected and consult IT and software engineers when necessary
Your fellow Digital Assets Traders will be counting on you, as a positive team member, to be in position to act as their backup when needed.
As you grow overall, you will have the opportunity to actively impact the business, quantitative and tech projects in scope of which our team acts as stakeholder.
Qualifications
- Previous trading experience in a sell-side electronic trading firm/bank is a strong plus
- In-depth understanding of relevant market microstructure aspects such as:
- the relationship between risk inventory, liquidity, spread, volatility, credit, volumes
- the resulting economics between liquidity providers and consumers
- Quantitative and coding skills applicable to large sets of financial tick-data is a strong plus
- Demonstrated passion for automation
- Able to multi-task under pressure while maintaining focus on accuracy
- Available to deliver on time
- Self-driven, intellectually curious, structured, attention to detail, team-oriented
- Excellent communication skills and able to develop relationships with interdisciplinary people
- Fluent in English
- Degree in a quantitative discipline from top ranked university