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// ← EVERY SEATTHE FRONT LINE

Markets Salesperson

Sells the bank's markets products — foreign exchange, interest rate hedging, commodities — to corporate and institutional clients.

// 01 — THE WORK

The day is the market's day: prices, positions, and clients who need to hedge an exposure or take a view before something moves. The product is risk transfer, so the conversation is about what a client is exposed to and what a hedge would and would not do, at speed and usually on the phone.

// 02 — WHO ARRIVES HERE

Graduate markets streams, internal moves from corporate banking or treasury, and lateral hires with a product following.

// 03 — WHAT THE INTERVIEW ASKS

These are the shapes the round takes, not a question bank — banks phrase them differently and the wording is never the point.

  1. 01What has moved in your market this week, and why?
  2. 02An exporter is unhedged and the currency is against them. What do you say?
  3. 03Explain a forward to someone who has never used one.
  4. 04What is your view on rates, and what would change it?
  5. 05Mental arithmetic, out loud, against a clock.
  6. 06A client loses money on a hedge you sold them. What happens next?

What the panel is listening for. Composure and a changeable mind: a view held with reasons, revised when the reasons change, and expressed fast enough to be useful in a moving market.

// 04 — WHY CREDIT PAYS IN THIS SEAT

A hedge is a credit exposure with the sign reversed — the bank is on risk to the client's ability to pay if the trade goes against them, which is why markets sales has a credit approval behind it.

That is the general case as well as this one. A bank's technology is not ordinary technology and its finance is not ordinary finance, and the second and third lines of defence — risk, compliance, financial crime, model validation and internal audit — recruit heavily out of the functions, taking the people who can already read a business. The case drills are free and are the cheapest way to build that, whichever column you sit in.

// ALSO IN THE FRONT LINE

The whole board, and how the four blocks fit together, is on what jobs banks hire for.