Synovus-posted 10 months ago
Full-time • Mid Level
Atlanta, GA
Credit Intermediation and Related Activities

The TM Foreign Exchange Trader is responsible for completing transactions to fulfill customer foreign exchange (FX) requirements. This role involves managing foreign currency liquidity positions for the bank and overseeing the FX desk's profit and loss (P&L). The trader will price exchange rates to drive profitability and sales, monitor foreign currency exchange rate trends, and provide effective client consulting based on market trends and currency volatility. Additionally, the trader will track world events and economic indicators that influence foreign currency pricing, assist FX sales consultants in developing customer pricing, and manage derivative trades to ensure profitability. The position requires buying and selling currencies with liquidity providers and customers, providing customer support, and maintaining accurate trade entries in the FX system.

  • Manages foreign currency liquidity positions for the bank and is responsible for the FX desk P&L.
  • Prices exchange rates to drive profitability and sales.
  • Monitors foreign currency exchange rate trends to inform buy and sell decisions that reduce risk to the bank and drive profitability.
  • Monitors market trends and currency volatility to provide effective client consulting.
  • Tracks world events, breaking news, economic indicators, and events that influence foreign currency pricing to manage the FX trading desk P&L.
  • Assists FX sales consultants with developing customer pricing that results in revenue growth.
  • Manages derivative trades and ensures pricing results in profitability.
  • Serves as a subject matter expert of FX derivative products and how to reduce risk to the bank.
  • Buys and sells currencies with liquidity providers in the foreign exchange markets.
  • Proactively identifies and participates in the selection of vendors and liquidity providers.
  • Trades with counter-party entities utilizing their internet trading systems or by telephone.
  • Buys and sells currencies with customers including foreign currency for outgoing or incoming wires, foreign currency drafts, foreign checks, letters of credit, documentary collections, and customer foreign currency accounts.
  • Provides customer support by responding to inquiries, providing rates, and assisting with procedural matters.
  • Accurately enters trades in FX system and maintains reports.
  • Contacts and works with technical support to maintain FX systems and ensure they are performing in an optimal manner.
  • Observes all policies, procedures, laws, regulations and risk limits specific to their role and reports known or suspected violations.
  • Bachelor's degree in Finance, Accounting, Business Administration or a related field; or an equivalent combination of education and experience.
  • Six (6) years of foreign exchange trading experience or a combination of foreign exchange trading, FX sales, and investment banking including managing foreign currency positions and P&L.
  • Proficiency using FX systems such as aggregators and trading platforms.
  • Strong customer service skills.
  • Very good verbal and written communication skills.
  • Proficiency using Microsoft Office software applications.
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