Job Requirements

Functional Designation - FX Options Trader &

- Structurer

Grade: G1

Desk Name: Derivatives, Pricing &

- High Frequency Sales / Financial Markets Group

Job Purpose The FX Options Trader will be responsible for managing and running the Bank's FX Options trading book, providing pricing and risk management support to sales teams and clients, and contributing to the growth of derivatives revenues through structuring solutions and trade idea generation. The role requires solid expertise in options pricing, volatility markets, risk management, and client-driven derivatives solutions across FX and Interest Rate products.

Key Responsibilities

Primary Responsibility: FX Options Book Management : Trading &

- Market Making

- Manage and run the Bank's FX Options trading book .
- Provide competitive and timely option pricing and execution support to institutional and corporate sales team
- Manage market-making activities while maintaining disciplined risk and profitability objectives.
- Monitor volatility markets, skew dynamics, and relative value opportunities in Option Trading.
- Execute hedging strategies to manage exposures within approved risk limits.
- Monitor stress scenarios and tail-risk events impacting the options portfolio.
- Work closely with internal teams to ensure compliance with internal risk frameworks.




- Life cycle management of FX Options book
- Track global macroeconomic developments, central bank policies, and market events impacting FX volatility and suggest actionable trade ideas and volatility strategies. Contribute to market commentary and client intelligence reports.

Secondary Responsibility: FX &
- Interest Rate Structuring

- Design and structure FX and Interest Rate derivative solutions for corporate, institutional, and financial institution clients.
- Develop hedging solutions tailored to client risk management objectives.
- Work closely with FX, Treasury, Corporate, and Institutional Sales teams to increase derivatives penetration.
- Participate in client meetings, presentations, and strategy discussions.
- Assist relationship teams in explaining risks, payoffs, and product suitability to clients.

Desired candidate profile

Experience

- 3-6 years of experience in FX Options Trading, FX Derivatives, or Structured Products in a Bank
- Proven track record of managing FX options risk and generating trading revenues.
- Experience interacting with corporate and institutional clients.
- Experience in structuring FX and IR hedging solutions is preferred.

Qualifications

Minimum: Graduation or equivalent

📌 FX Options Trader & Structurer (Mumbai)
🏢 IDFC FIRST Bank
📍 Mumbai