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Emerging Markets FX & Rates Trader

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Emerging Markets FX & Rates Trader
Join Our Global Markets Team
We are seeking an experienced Emerging Markets FX & Rates Trader to join our Global Markets business. This is an exciting opportunity for a high-performing trader to take ownership of risk management, pricing, and market-making activities across a diverse Emerging Markets portfolio, while working closely with Sales, Structuring, Quants, Risk, and international trading teams.
The successful candidate will be responsible for managing and growing the performance of the EM FX and Rates Trading Desk, trading within approved mandates and risk limits, and delivering liquidity and pricing solutions to institutional clients across a range of Emerging Markets products.
Key Responsibilities
Trading & Risk Management
- Manage and risk oversee a portfolio of Emerging Market FX and Rates products within authorised trading mandates and limits.
- Trade a range of EM currencies including:
- PLN
- CZK
- HUF
- RON
- ZAR
- TRY
- ILS
- MXN
- Trade FX and linear Interest Rate Derivative products.
- Monitor, manage, and hedge portfolio risks on both an intraday and overnight basis.
- Develop and implement trading strategies aligned with market opportunities and business objectives.
- Ensure strict adherence to market, credit, and operational risk limits.
Market Making & Client Engagement
- Act as a market maker for institutional and corporate clients across Emerging Markets products.
- Provide competitive pricing and risk solutions for client transactions.
- Maintain strong relationships with sales teams, clients, brokers, and counterparties.
- Communicate market views, trading ideas, and future market developments to internal stakeholders.
Reasons to use Rodeo
I’m in my final year doing Economics and I don’t know whether to apply for grad schemes now or do a masters first. What do you think?
Honest answer — it depends on where you want to end up. A lot of top grad schemes (Big 4, civil service, banking) don’t need a masters. Let’s look at the ones you’d be competitive for now, and we can decide if a masters actually adds anything.
Also worth knowing: most autumn 2026 applications are open now. Timing matters more than you think.
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Graduate Consultant — 2026 Scheme
Why you're a good match
StrongYour economics background and your summer at a regional bank line up with what PwC looks for on the consulting scheme. Applications close in four weeks.
See breakdownIt searches the market for you
Every day your agent scans the market matching roles against what actually matters to you, not just keywords on a CV.
Why you're a good match
You’ve got the grades and the economics background, and your bank internship is exactly the experience this scheme looks for. Apply soon — deadlines close within the month.
Experience fit
Your summer at the bank plus your econometrics coursework map directly to the day-one responsibilities on this scheme — client modelling, market briefings, and deal support.
Only hits
No noise. No "maybe this fits." Just roles with a clear explanation of why they're right — and where to focus when applying.
Strategy & Business Development
- Identify market trends and opportunities to maximise revenue within prescribed risk parameters.
- Stay informed on global macroeconomic developments, financial markets, and geopolitical events impacting Emerging Markets.
- Contribute to the overall trading strategy and business planning of the Global Markets franchise.
- Support product development and pricing of new transactions and initiatives.
Governance, Risk & Controls
- Ensure full compliance with trading mandates, regulatory requirements, and internal policies.
- Maintain strong operational controls through accurate and timely trade capture.
- Escalate trading disputes, risk concerns, or control issues appropriately.
- Collaborate with Compliance, Market Risk, Credit Risk, Operations, and Audit teams to ensure a robust control environment.
Leadership & Collaboration
- Provide technical guidance and mentorship to junior team members.
- Collaborate closely with Sales, Structuring, Quantitative Research, Technology, Risk, Operations, and international trading desks.
- Participate in regular strategy discussions and cross-functional initiatives.


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Required Experience
- Proven experience in FX and/or Interest Rate Derivatives trading.
- Demonstrated experience managing and risk-managing a trading book.
- Strong understanding of Emerging Markets products and market dynamics.
- Experience operating within a regulated financial markets environment.
- Track record of making sound decisions in fast-paced trading environments.
Skills & Knowledge
Essential
- Strong knowledge of:
- FX products
- Interest Rate Derivatives
- Trading and hedging strategies
- Market liquidity and volatility dynamics
- Excellent numerical and analytical skills.
- Advanced spreadsheet and technology proficiency.
- Strong communication and stakeholder management capabilities.
- Ability to think quickly and make sound decisions under pressure.
- Team-oriented mindset with strong collaboration skills.
Desirable
- Degree in Mathematics, Finance, Economics, Engineering, Physics, or another quantitative discipline.
- Additional language skills.
- Experience with Bloomberg, Reuters, Orchestrade, Sigma, or equivalent trading platforms.
What We're Looking For
You are a commercially minded trader with a strong risk management discipline, excellent market instincts, and the ability to thrive in a dynamic global trading environment. You combine technical expertise with strong stakeholder management skills and are passionate about delivering results for clients and the business.
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