Posted 6 days ago
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**Role:** Director, Foreign Exchange Trading **Responsibilities:** Lead overnight trading shift (12am-8am), manage FX desk currency exposure, price FX transactions, monitor electronic executions, advise clients on hedging strategies, communicate market developments, resolve operational issues, contribute to FX market commentary. **Required Skills & Experience:** Bachelor's degree plus 3+ years financial experience, proficiency with Bloomberg and electronic trading platforms, strong fundamental/technical analysis skills, effective communication and writing, proven ability to work independently in a high-paced environment. **Preferred:** FX trading/sales/operations experience, familiarity with retail and institutional clients.
- Compensation
- $100,000 – $185,000 USD
- City
- Not specified
- Country
- Not specified
Currency: $ (USD)
Full Job Description
Job Description:
The Role
We are seeking a Foreign Exchange Trading Associate to join a team of traders, providing sole coverage during the overnight shift (12:00 a.m.- 8:00 a.m.). The successful candidate will be responsible for the execution and risk management of FX trading activity with Fidelitys retail and institutional clients. This role involves trading FX spot, forward and swaps as well as advising institutional clients on hedging strategies and mitigating currency risk. The position also requires close coordination with the broader trading and operation teams to ensure continuity across shifts and key responsibilities include:
- Proactively manage the FX desks currency exposure, with an emphasis on risk mitigation.
- Act as the sole overnight resource responsible for pricing FX transactions and monitoring electronic executions for accuracy.
- Serve as the subject matter expert for the FX product across Fidelitys business units.
- Communicate pertinent market developments, trade activity, and outstanding orders to the broader trading team.
- Resolve or escalate any operational or technical issues in a timely manner.
- Contribute to the written FX market commentary distributed to internal stakeholders and external clients.
The Expertise and Skills You Bring
- Bachelors Degree, plus a minimum of three years of prior financial experience is required.
- Ability to work the overnight hours of 12am-8am, including US holidays.
- Prior experience in FX trading, sales or operations is preferred but not required.
- Proficiency with Bloomberg and electronic trading platforms is a plus.
- A solid understanding of the financial markets and their interaction with the currency markets.
- Effective communication skills and writing proficiency are a plus.
- Familiarity with fundamental and technical analysis of the currency markets is preferred.
- Ability to work independently in a high paced environment with close attention to detail.
The Team
Fidelity Forex is a seven-member trading team that acts as a principal market maker in foreign currency markets. Operating within Fidelity Capital Markets, the group trades with a diverse client base that includes individuals, hedge funds, registered investment advisors and Fidelity affiliated businesses and companies. Responsibilities are shared equally across the team, with client satisfaction as an unwavering focus. The Forex group has built an impressive track record of mitigating client risk, delivering superior service and generating solid financial results for Fidelity.
Note: Fidelity will not provide immigration sponsorship for this position.
The base salary range for this position is $100,000-185,000 USD per year.Placement in the range will vary based on job responsibilities and scope, geographic location, candidates relevant experience, and other factors.
Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.
We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted.
Please be advised that Fidelitys business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.
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Benefits that balance life and work
From our fully paid parent leave to our on-site health and wellness centers, our benefits support the belief that more balance you have, the better you can achieve your goals.
Company overview
Company overview
At Fidelity, we are passionate about making our financial expertise broadly accessible and effective in helping people live the lives they want. We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associates for their unique perspectives and experience.
Reasonable accommodations
Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation contact the HR Accommodation Team by sending an email to accommodations@fmr.com, or by calling 800-835-5099, prompt 2, option 3.
Equal opportunity employer
Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop, and retain a diverse workforce is to build an enduring culture of inclusion and belonging.
Applicant screening
At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.
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