FX derivative hedging

Job Opening: Head of FX & Derivatives Structuring (Swiss Franc Carry Trade)
Location: Zurich, Switzerland / London, UK / Remote (Global Execution)
Position Type: Full-time Executive / Senior Institutional Lead
Portfolio Scope: $20B+ FX & Rates Exposure ($11B–$22B CHF Capital Structure)
Executive Overview
We are expanding our institutional capital management desk specializing in cross-border global macro and FX carry trade strategies. Operating a multi-billion Swiss Franc (CHF) funding base deployed across sovereign debt markets, we are seeking an exceptional Head of FX & Derivatives Structuring to design, execute, and dynamically manage our cross-currency derivatives, asymmetric option overlays, and ISDA/CSA framework.
This role will report directly to the Chief Executive Officer / Principal and will take full ownership of protecting our leveraged funding structure against foreign exchange volatility, margin call dynamics, and cross-border collateral haircuts while optimizing net interest carry yield.
Key Responsibilities
1. Derivatives Structuring & Yield Optimization
* Design, price, and execute institutional derivative overlays (e.g., zero-cost/low-cost asymmetric option collars, swaptions, barrier options, and cross-currency basis swaps) across major liquid currency pairs (CHF/USD, CHF/EUR, CHF/GBP, CHF/AUD, CHF/JPY).
* Structure active hedging frameworks that preserve 70%+ of the interest rate carry yield while establishing hard tail-risk loss floors to protect capital.
* Implement dynamic delta-hedging and option rebalancing protocols aligned with prevailing FX implied volatility ranks and central bank policy cycles.
2. Collateral Management & Haircut Elimination
* Structurally optimize our $20B+ sovereign bond collateral pool pledged against Swiss credit lines to eliminate or minimize cross-border FX collateral haircuts (LTV optimization).
* Implement synthetic asset transformation vehicles (e.g., SPVs/Fund structures executing internal cross-currency swaps) and tri-party dynamic collateral substitution mechanisms.
* Manage daily variation margin (VM) and initial margin (IM) workflows to insulate the credit facility from intraday liquidity stress during sharp safe-haven CHF appreciation.
3. ISDA / CSA Negotiation & Counterparty Relations
* Lead prime brokerage negotiations and oversee ISDA Master Agreements and Credit Support Annexes (CSAs) with tier-1 global execution desks (e.g., UBS, Rothschild, Goldman Sachs, Morgan Stanley).
* Establish customized netting rules, threshold limits, and extended liquidation grace periods to mitigate automatic risk-desk liquidations during market-wide risk-off events.
4. Quantitative Risk Governance
* Establish real-time Value-at-Risk (VaR), Stress-Testing, and Scenario Analysis models for multi-billion leveraged cross-currency carry positions.
* Monitor macro factor correlations, sovereign yield curve shifts, and Covered Interest Parity (CIP) pricing discrepancies across international swap markets.
Candidate Qualifications & Requirements
* Experience: 10+ years of institutional experience at a Tier-1 Investment Bank (FX Structuring / Exotics Desk), Macro Hedge Fund, or Sovereign Wealth Fund Treasury Desk.
* Technical Mastery: Deep quantitative mastery of FX options, cross-currency basis swaps (CCBS), interest rate swaptions, option greeks (\Delta, \Gamma, \nu), and CIP arbitrage pricing.
* Legal & Counterparty Expertise: Hands-on experience structuring complex ISDA / CSA documentation with global prime brokers and custodian banks.
* Capital Scale Track Record: Proven track record managing or structuring $1B+ institutional derivatives portfolios or complex corporate balance-sheet FX hedging programs.
* Education: Master’s degree or Ph.D. in Financial Engineering, Quantitative Finance, Mathematics, or Economics (CFA / FRM preferred).
Compensation & Benefits
* Competitive Base Salary: Tier-1 institutional executive compensation package.
* Performance-Linked Bonus: Direct profit-share/carry participation linked to net risk-adjusted portfolio performance and capital preservation metrics.
* Executive Perks: Relocation support (Zurich/London), full healthcare, and discretionary trading infrastructure resources.
How to Apply
Qualified candidates or institutional advisory teams are invited to submit their credentials, track record in FX structuring, and references to:
* Email: raziq@mrihglobal.com
* WhatsApp (Only): +1 (917) 619-4678

Work arrangement
Yes