G10 Non-USD Rates and FX Trader

U.S. Bank • New York, NY

3d • $170,255 - $200,300

About The Position

We are seeking a Non-USD Rates Trader with a primary focus on G10 FX swaps pricing and risk management, alongside the ability to risk-manage cross-currency basis swaps. This role sits at the intersection of rates, FX, and balance sheet, requiring a strong understanding of funding markets, central bank regimes, and cross-currency liquidity dynamics. The trader will be responsible for pricing client flow, managing funding risk, and contributing to balance sheet-efficient trade structures across major currencies.

Requirements

• 5+ years experience in: FX swaps trading / Non-USD rates / funding / basis trading
• Strong understanding of: FX forward pricing mechanics, OIS and money market curves, Cross-currency basis drivers
• Deep grasp of market microstructure across FX and rates
• Ability to translate macro and flow into pricing decisions
• Strong numerical intuition around funding and carry
• Excellent communication across trading, sales, and treasury
• High attention to risk, liquidity, and balance sheet usage
• Experience with corporate, institutional and issuance-related flows
• Familiarity with xccy basis curve trading and relative value
• Experience bridging voice flow and electronic execution

Responsibilities

• FX Swaps Trading & Pricing: Make two-way markets in G10 FX swaps (spot/forwards, short-dated and out the curve). Manage forward points, funding spreads, and liquidity risk across currencies. Price in line with: Money market curves (OIS, IBOR where relevant), Cross-currency basis dynamics, Balance sheet constraints. Risk-manage G10 cross-currency basis risk (e.g., EURUSD, USDJPY, GBPUSD). Monitor and trade basis dislocations driven by issuance, hedging flows, and funding pressures.
• Client & Sales Interaction: Support FX and rates sales teams with pricing, market color, and structuring ideas. Assist clients in understanding: FX hedging costs, Cross-currency funding alternatives. Communicate clearly around market drivers (central banks, issuance, flows).
• Electronic Trading & Infrastructure: Work with eFX and platform teams to improve: FX swaps pricing engines, Liquidity distribution and skewing. Monitor electronic flow (RFQ, streaming) and adjust pricing accordingly. Contribute to automation and workflow improvements.

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed