Senior Banknote & FX Trading Strategist

Best Forex Bonus; Greater London; Hybrid; GBP 90,000 - 130,000; Full time

Job summary

Best Forex Bonus in the United Kingdom seeks a specialist to trade high volumes of banknotes across major and emerging-market currencies, manage bid/offer spreads for wholesale clients, and source notes from central and commercial banks.

You will price banknotes using spot FX, forwards, and market premiums; actively hedge FX exposure, monitor VaR, and collaborate with Treasury to align hedges with policy.

Responsibilities

• Trade high volumes of banknotes across major and emerging-market currencies.
• Manage bid/offer spreads for wholesale and institutional clients.
• Source notes from central banks, commercial banks, exchange houses, and international counterparties.
• Optimize inventory turnover while balancing availability and carry costs.
• Price banknotes dynamically using spot FX, forward points, and market premiums.
• FX Exposure & Hedging; actively manage FX exposure arising from physical banknote inventories.
• Design and execute hedging strategies using: FX spot and forwards, Swaps and rolling hedge structures.
• Monitor open currency positions and VaR; work with Treasury to align hedges with group FX policy.
• Assess basis risk between physical banknote pricing and interbank FX markets.

Job description

Best Forex Bonus in the United Kingdom seeks a specialist to trade high volumes of banknotes across major and emerging-market currencies, manage bid/offer spreads for wholesale clients, and source notes from central and commercial banks.

You will price banknotes using spot FX, forwards, and market premiums; actively hedge FX exposure, monitor VaR, and collaborate with Treasury to align hedges with policy.