BNY Mellon Careers
Sr. Principal, Trading - FX Options
BNY Mellon Markets Securities Finance is comprised of two complementary product offerings – Agency and Principal Securities Finance. By leveraging our global perspective and innovative capabilities across these solutions, Securities Finance is able to help clients optimize portfolio return, source liquidity to manage funding needs and reduce operating costs. As a member of the Securities Finance team, you will be part of a global market leader, working with a world class group in multiple global locations and servicing some of the largest clients worldwide.
Key roles & Responsibilities
The global presence of our Foreign Exchange ("FX") capabilities allows BNY Mellon clients to transact in a variety of currencies in developed, emerging and frontier markets. The technology used for these capabilities is designed to offer productivity tools, help mitigate operational risks and provide access to local liquidity.
With the convenience of 11 sales and trading centers located around the world and 24/5 hour access to trading professionals – our Markets FX team is able to function in a convenient and efficient manner globally.
Our FX Expertise includes:
• Spot, forwards, swaps and non-deliverable forwards (NDF)
• Maintaining currency risk management through the application of our globally accessible execution channels and flow analyses
• Offering insightful and timely markets commentary
• Facilitating currency hedging programs customized to our clients’ specifications with the aid of our iHedge® software
• Providing multi-currency cross-border payments in over 100 markets
• Access to iFlow® (our multi-asset capital flow product)
Executes highly complex and large trade orders in an efficient, timely and cost effective manner. Manages the work direction of daily client activity, improving client experience based on any feedback provided. Ensures transaction pricing are aligned with both bank and client requirements.
Liaises with compliance and legal bodies to ensure risk and capital management policies are followed. Works with large or highly complex client accounts or products. Largely owns pricing processes for securities traded.
Provides junior traders and clients with expertise regarding security vehicles and trading strategies to maximize portfolio performance. Maintains broad expertise in all product offerings.
Manages risk associated with trades. Serves as a cross-functional resource on the needs assessment and trade execution strategies.
Identifies high-risk problems and provide solutions, adjusting as necessary, within broad trading strategies and procedures.
Provides strategic and tactical market advice to sales staff and clients. Develops pricing and trading strategies based on market research.
Liaises with internal compliance, credit and risk functions on execution and trading related matters and functions.
No direct reports. Provides daily work direction for less experienced Traders and assumes management responsibilities, as required.
QualificationsBachelors degree or the equivalent combination of education and experience is required. Advanced/graduate degree preferred. 10-12 years of total work experience preferred. Experience in trading or brokerage preferred. Applicable local/regional licenses or certifications as required by the business.
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer.
Minorities/Females/Individuals With Disabilities/Protected Veterans.
Primary Location: United States-New York-New York
Internal Jobcode: 70629
Job: Global Markets
Requisition Number: 1907529