FX Options Trader Business Director

Intesa Sanpaolo Group; Lombardia; On-site; EUR 90,000 - 110,000; Full time

Benefits offered by this job

Flexible working

4-day workweek (4x9)

Healthcare coverage

Supplementary retirement plan

Professional development via Corporate

Job summary

Intesa Sanpaolo Group in Milan is seeking an experienced FX Derivatives Trader at Group level to price, trade and market-make across FX Options, covering G10 and/or Emerging Markets currencies.

The role requires 10+ years in FX Derivatives, strong risk management, and autonomy in decision making under defined risk limits. A degree in Economics or STEM and fluency in English are essential; Python/VBA skills are advantageous.

Qualifications

• At least 10 years of relevant experience in FX Derivatives trading.
• Proven experience in FX Options market making and risk management.
• Strong experience across G10 and/or Emerging Markets currencies.
• Solid understanding of exotic FX products is valuable.
• Experience with volatility and Greeks-based risk and hedging.
• Fluency in English; degree in Economics or STEM.
• Knowledge of FX markets, pricing and risk management.

Responsibilities

• Pricing, trading and market making across FX Options for G10 and/or Emerging Markets.
• Managing market risk from market-making and client activity.
• Managing positions in plain-vanilla and exotic options.
• Providing competitive pricing and liquidity while optimizing risk/return.
• Identifying trading and hedging strategies based on market conditions.
• Collaborating with Sales to support client activity and tailor solutions.
• Contributing to product origination and new solutions.
• Developing pricing models and risk tools; collaborating with other teams.

Skills

FX Derivatives trading

FX Options pricing

Market making

Risk management

Python

VBA

English fluency

Education

Economics or STEM degree

Tools

Front-office trading systems

Pricing tools

Python scripting

Job description

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We are looking for an experienced FX Derivatives Trader at Business Director level to join our FX Derivatives Trading team in Milan.
The successful candidate will take an active role in pricing, market making and risk management across FX Options, covering G10 and/or Emerging Markets currencies and contributing to the overall performance and development of the FX Derivatives franchise.

What you'll be doing

As an FX Derivatives Trader, you will be responsible for:

• Pricing, trading and market making across FX Options, covering G10 and/or Emerging Markets currencies;
• Managing market risk arising from market-making and client-driven activit;
• Managing positions across plain-vanilla and exotics;
• Providing competitive pricing and liquidity while optimizing the risk/reward profile of the trading portfolio;
• Identifying and executing trading and hedging strategies based on market conditions, positioning and portfolio exposures;
• Working closely with Sales to support client activity through pricing, market views, trade ideas and tailored FX derivative solutions;
• Contributing to the origination, assessment and structuring of new products and client solutions;
• Contributing to the development of the FX Derivatives franchise through new business initiatives and improvements to the existing product offering;
• Collaborating with other Trading teams and international hubs to optimize risk management and market coverage;
• Contributing to the continuous enhancement of pricing models, trading tools, analytics and risk-management processes.

Who we are looking for

If you want to turn your passion into a career and you have the following characteristics, we are waiting for you:

• At least 10 years of relevant experience in FX Derivatives trading, gained within an investment bank or a compartable financial institution;
• Proven experience in FX Options market making and risk management, with direct responsibility for trading positions;
• Strong experience across G10 and/or Emerging Markets currencies;
• Solid hands-on experience in the pricing and risk management of plain-vanilla FX Options, with experience in exotic products considered highly valuable;
• Demonstrated ability to manage volatility and Greeks-based risk and dynamically hedge option portfolios;
• Experience operating within defined market and counterparty risk frameworks and trading limits;
• Strong familiarity with front-office trading, pricing and position-management systems;
• A demonstrated ability to operate autonomously and make effective trading and risk-management decisions in changing market conditions;
• A degree in Economics or STEM disciplines;
• Strong knowledge of FX markets, products, market structure and trading conventions;
• Deep understanding of derivatives pricing and risk management, particularly FX Options;
• Commercial awareness and the ability to identify opportunities that contribute to the development of the FX franchise;
• Fluency in English;
• Strong proficiency with front-office trading and analytical tools;
• Knowledge of Python, VBA or other programming/quantitative tools would be considered an advantage.

Preferred consideration will be given to candidates who have gained significant international professional or academic experience through studies undertaken abroad or at internationally recognized educational institutions.

What we offer

• Gross annual salary starting from €100,000

The Group provides a performance-related variable component in line with the Group’s Remuneration Policies available on the Group website

Additional benefits set out by the National Collective Labour Agreement for the Banking sector and company-level agreements

Opportunities for professional development to support your growth

A wide range of training programes through our Corporate Academy, dedicated to the continuous development of professional, managerial and soft skills at all levels

Possibility of flexible working and a 4-day workweek (4x9)

A modern and integrated corporate welfare system ( link )

Healthcare coverage and supplementary retirement plan upon employment

Benefits on the Group's banking products and services

About us

We are the leading banking group in Italy and one of the Top Tier in Europe. Join us and be part of our successful story!

With over 20 million customers in Italy and abroad, we are a true engine of sustainable growth, with a strong commitment to the environment and a tangible impact on society. People are our driving force. We take care of them and foster an inclusive culture where everyone feels valued and empowered.

The IMI Corporate & Investment Banking Division is a global partner for Corporate, Public Finance and Financial Institutions clients. Committed to supporting the economy in the countries in which it operates, it stands out for its historical presence in financial markets and its extensive and innovative offer

Join an international and innovative Group. Don't wait for the future, choose it!

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We guarantee an inclusive and equal environment. We will consider all applicants regardless of race, religion, sexual orientation, gender identity, marital status, national origin, age, disability, or any other protected category in compliance to D.lgs. 198/2006, 215/03 and 216/03.

For the evaluation of the application, the data will be processed by Intesa Sanpaolo S.p.A.as Data Controller. We invite you to review the dedicated Privacy Information Notic efor more details.