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KNOWLEDGE BASE

Grain Glossary

Get an overview of financial terms and their definitions.

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  • H

    Get an overview of financial terms and their definitions. < BACK KNOWLEDGE BASE Grain Glossary Get an overview of financial terms and their definitions. ALL A A B B C C D D E E F F G G H H I I J J K K L L M M N N O O P P Q Q R R S S T T U U V V W W X X Z Z Hedger Hedgers are investors or financial institutions that engage in financial transactions to reduce the risk of potential losses on assets. Hedging involves taking offsetting positions in financial instruments to mitigate the impact of price movements on the underlying asset. There are many different ways that investors and financial institutions can hedge their risks, depending on their specific needs and the nature of the underlying asset. Some common hedging strategies include the use of financial derivatives such as options and futures, as well as the use of diversification and portfolio optimization techniques. Historical Volatility Historical volatility refers to the fluctuations in the price of a security over a specific period of time. Calculated by taking the standard deviation of the natural logarithm of the asset's price over a specified number of trading days. The higher the historical volatility, the greater the price fluctuations of the asset. Historical volatility can be used to help predict future volatility and risk, but it is important to note that past performance is not necessarily indicative of future results. < PREVIOUS NEXT >

  • Sales Manager Embedded Finance (Travel Industry)

    Be part of Grain's team, playing a crucial role in building and optimizing the company's Sales strategies. < Back Sales Manager Embedded Finance (Travel Industry) Be part of Grain's team, playing a crucial role in building and optimizing the company's Sales strategies. Full Time Global Apply Now Location: Israel / Europe / North America and Remote Who We Are Grain is a pioneering fintech startup based in the heart of Tel Aviv. We offer embedded cross-currency solutions tailored for software platforms and marketplaces. Grain was founded by seasoned entrepreneurs, formerly of financial institutions like Barclays, Deutsche Bank, as well as other renowned fintech startups. Grain is backed by leading venture capital firms and prominent financial institutions. At Grain, we offer an opportunity to shape the fintech landscape and be a part of a community that’s committed to excellence. We’re seeking an experienced and driven Sales Manager with a strong background in selling embedded finance products, particularly in the FX space, to join our team. This individual will play a pivotal role in driving growth by connecting our cutting-edge solutions with businesses looking to optimize their cross-border and FX business to drive higher volumes. Key Responsibilities Business Development: Identify, target, and engage potential clients within the travel sector, including bedbanks, OTAs, and other travel intermediaries. Develop and execute a strategic sales plan to drive adoption of our embedded finance and FX solutions within the travel industry. Relationship Management: Build and nurture relationships with decision-makers, including CFOs, treasurers, and operational leaders within travel businesses. Serve as a trusted advisor by understanding clients' unique challenges in the travel sector and presenting tailored solutions. Represent Grain at key travel and fintech industry events and conferences. Sales Execution: Lead the end-to-end sales process, from prospecting and pitching to negotiating and closing deals. Collaborate with internal teams (product, marketing, and customer success) to ensure smooth client onboarding and ongoing satisfaction. Market Expertise: Stay informed about travel industry trends, competitive dynamics, and regulatory changes affecting cross-border payments and FX in this sector. Provide market feedback to the product team to refine offerings and address specific needs in the travel industry. Reporting: Maintain accurate records of sales activities, pipeline development, and forecasts using CRM tools. Consistently meet or exceed sales targets and KPIs. Reporting directly to VP Sales or VP Business Development. Qualifications Experience: 5+ years of sales experience in fintech, embedded finance, or FX solutions, with a focus on the travel industry. Proven track record of success in selling to travel businesses, including bedbanks, OTAs, and other intermediaries. Familiarity with the operational and financial challenges faced by travel businesses. Skills: Strong consultative sales skills and ability to simplify complex financial solutions for clients. Exceptional communication, negotiation, and presentation skills. Proficiency with CRM tools (e.g., Salesforce) and sales analytics platforms. Attributes: Self-motivated, results-oriented, and able to thrive in a fast-paced, dynamic environment. Analytical mindset to identify opportunities and craft tailored financial solutions for travel businesses. Passionate about fintech innovation and improving efficiency in the travel sector. What We Offer Competitive salary with performance-based incentives. Equity participation through our ESOP plan. Comprehensive benefits package, including health insurance and retirement plans. Professional development opportunities, including a learning and development budget. Collaborative, forward-thinking team and the opportunity to work with cutting-edge technology. Career advancement opportunities in a rapidly evolving industry. Apply Now

  • Senior backend Infra Engineer

    Be part of Grain's top-tier developer team, shaping the future of fintech. Dive deep into front-end and back-end development, ensuring the excellence and resilience of our state-of-the-art embedded cross-currency platform. < Back Senior backend Infra Engineer Be part of Grain's top-tier developer team, shaping the future of fintech. Dive deep into front-end and back-end development, ensuring the excellence and resilience of our state-of-the-art embedded cross-currency platform. Full Time Tel Aviv Apply Now Who We Are: Grain is a pioneering fintech startup based in the heart of Tel Aviv. We offer embedded cross-currency solutions tailored for software platforms and marketplaces. Grain was founded by seasoned entrepreneurs, formerly of financial institutions such as Barclays, Deutsche Bank, as well as other renowned fintech startups. Grain is backed by leading venture capital firms and prominent financial institutions. At Grain, we offer an opportunity to shape the fintech landscape and be a part of a community that's committed to excellence. Job Description: We are seeking an experienced Software Engineer to help design and develop our advanced fintech hedging platform. In this role, you will dive deeply into our infrastructure and back-end architecture, ensuring the performance, quality, and resiliency of our systems. You'll play a pivotal role in the design and development of a high-scale, production-grade solution where attention to detail is crucial. While doing so you'll engage in brainstorming and problem-solving with a diverse engineering team, contributing innovative ideas and driving impactful solutions. Qualifications: 6+ years as a software engineer, with expertise in designing high-scale, production-grade systems. Proficient in infrastructure tools and platforms (AWS, Kubernetes, Docker, PostgreSQL). A collaborative team member who enjoys mentoring and elevating the skills of fellow engineers, while actively seeking to learn. Experience building solutions from the ground up and/or prior experience in the fintech industry. Apply Now

  • Head of Risk and Compliance

    Be part of Grain's team, playing a crucial role in building and optimizing the company's compliance strategies. < Back Head of Risk and Compliance Be part of Grain's team, playing a crucial role in building and optimizing the company's compliance strategies. Full Time NL Apply Now Who We Are Grain is a pioneering fintech startup based in the heart of Tel Aviv. We offer embedded cross-currency solutions tailored for software platforms and marketplaces. Grain was founded by seasoned entrepreneurs, formerly of financial institutions like Barclays, Deutsche Bank, as well as other renowned fintech startups. Grain is backed by leading venture capital firms and prominent financial institutions. At Grain, we offer an opportunity to shape the fintech landscape and be a part of a community that’s committed to excellence. For our newly formed entity in Netherlands, we’re seeking an experienced risk and compliance leader with a deep understanding of Dutch and European financial regulations, ensuring regulatory compliance while driving strategic risk management in a dynamic fintech environment. The Head of Risk and Compliance will play a pivotal role in leading regulatory adherence, risk governance, and internal controls of Grain B.V., as well as be nominated as a management board member, who will be responsible for regulatory oversight, risk management, AML/KYC compliance, and internal governance. This role requires residency in the Netherlands and a successful integrity and suitability screening by the Dutch Authority for the Financial Markets (AFM). Key Responsibilities Regulatory Compliance & Governance Ensuring full compliance with AFM and DNB or any other European regulatory requirements for investment firms. Acting as the primary liaison with regulatory bodies, handling audits, reporting, and regulatory filings. Overseeing AFM/DNB/EU licensing and approvals, ensuring documentation and internal processes align with Dutch/European regulations. Conducting regulatory horizon scanning to ensure proactive compliance with emerging regulations. Risk Management & Internal Controls Designing and implementing risk management frameworks, including credit, operational, and financial risks. Developing policies and procedures to identify, assess, and mitigate potential business risks. Leading risk assessments and ensuring compliance with the Policy Rule on Fitness 2012 for management board members. Establishing internal controls to prevent regulatory breaches and financial crimes. AML/KYC & Financial Crime Compliance Leading the firm’s AML/KYC strategy, ensuring compliance with the Dutch Money Laundering and Terrorist Financing (Prevention) Act (Wwft). Overseeing client due diligence (CDD) processes, transaction monitoring, and suspicious activity reporting. Implementing fraud prevention and anti-bribery policies to safeguard the company and its clients. Board & Strategic Advisory Serving as a management board member, contributing to strategic decision-making and corporate governance. Advising leadership on compliance risks, regulatory trends, and operational best practices. Coordinating with external legal, audit, and regulatory consulting firms to ensure robust compliance frameworks. Reporting : Implementation of compliance and Risk Management applications, as required. Ensure compliance and timely reporting of regulatory reports. Reporting directly to Grain COO. Management board member Manage Grain B.V., ensure smooth operations and alignment with global Grain goals. Lead strategic initiatives to strengthen Grain B.V. position in the fintech industry. Manage & maintain regulatory compliance of a Dutch investment firm with AFM and European regulatory standards. Responsible for Grain B.V. business strategy & development, governance, financial results, risk management and operation. Represent Grain B.V. vis a vis various regulatory bodies in Netherland and Europe. Qualifications Experience: 5+ years of extensive knowledge of AFM, DNB, and European financial regulations Proven experience in risk management, compliance, AML/KYC, and financial crime prevention. Strong legal or financial risk background, preferably in fintech, banking, or investment firms. Experience in liaising with Dutch & European regulatory bodies, handling audits, and regulatory filings. Leadership experience, with at least 2 years in a managerial or board-level role within risk and compliance. Proficiency in risk assessment tools, compliance software, and regulatory reporting systems. Skills: Leadership skills and the ability to influence board-level decisions. Strategic thinking and problem-solving skills, with the ability to drive compliance initiatives. Strong communication and stakeholder management skills, capable of engaging with regulators and internal leadership. Regulatory & Suitability requirements: Any candidate applying for this position must meet the following AFM suitability and integrity assessment requirements:  Residency: You must reside in the Netherlands. AFM Integrity Screening: If you have not been previously screened by AFM or DNB, an integrity assessment will be required. AFM Suitability Screening: You must meet the Policy Rule on Fitness 2012 (Beleidsregel Geschiktheid 2012), which requires: Risk & Compliance Management Experience: At least 2 years of experience in risk, compliance, or financial services (1 year uninterrupted). Leadership & Governance Skills: At least 2 years of hierarchical leadership experience in the last 10 years (1 year uninterrupted). Regulatory Knowledge: At least 2 years of experience working within Dutch financial regulatory frameworks. Attributes : Self-motivated, thorough and independent, and able to thrive in a fast-paced, dynamic environment. An analytical mindset to identify compliance and regulatory risk and craft best practice solutions. Passionate about fintech innovation and improving efficiency in the travel sector. What We Offer Competitive salary. A board-level position with strategic influence. Opportunity to represent the company before regulators. Equity participation through our ESOP plan. Comprehensive benefits package, including health insurance and retirement plans. Professional development opportunities, including a learning and development budget. Collaborative, forward-thinking team and the opportunity to work with cutting-edge technology. Career advancement opportunities in a rapidly evolving industry. Apply Now

  • O

    Get an overview of financial terms and their definitions. < BACK KNOWLEDGE BASE Grain Glossary Get an overview of financial terms and their definitions. ALL A A B B C C D D E E F F G G H H I I J J K K L L M M N N O O P P Q Q R R S S T T U U V V W W X X Z Z O OECD The Organisation for Economic Co-operation and Development (OECD) is an international organization that promotes economic and social well-being around the world. It was founded in 1961 and is headquartered in Paris, France. The OECD is made up of 36 member countries, which are primarily developed countries, but also include a few emerging economies. Offer An offer is a proposal from a seller to sell a product or service at a specified price. In securities trading, an offer is often expressed as an "ask," which is the price at which a seller is willing to sell a particular security. In an auction-style market, such as a stock exchange, offers are made by sellers and paired with bids made by buyers. The lowest ask and the highest bid at a given time make up the "bid-ask spread," which is the difference between the prices at which buyers are willing to buy and sellers are willing to sell. The ask price is typically higher than the bid price, and the difference between the two is called the "spread." Option Options are financial instruments that give the holder the right, but not the obligation, to buy or sell an underlying asset at a specified price on or before a certain date. A call option gives the holder the right to buy the underlying asset; a put option gives the holder the right to sell the underlying asset. Options are often used to hedge against potential price movements in other assets, or to speculate on price movements. Off the Run In finance, "off the run" refers to securities that have not been issued most recently. In the case of government bonds issued every year, for example, the most recently issued bond would be considered "on the run," but all previous bonds would be considered "off the run." Due to their limited trading, off-the-run securities are usually considered less liquid than on-the-run securities. On the Run "On-the-run" is a term used in the bond market to refer to the most recently issued bonds in a particular series or issuer. On-the-run bonds are typically the most liquid and widely traded bonds in a given market, and they are usually considered to be the benchmark or reference bonds for that market. Out Off The Money (OTM) In finance, an option is considered to be out of the money if the current market price of the underlying asset is lower than the strike price for a call option, or higher than the strike price for a put option. Out-of-the-money options have no intrinsic value, because the holder of the option is not entitled to buy or sell the underlying asset at a price that is different from the current market price. Over The Counter Market (OTC) The OTC (over-the-counter) market is a decentralized market where financial instruments are traded directly between two parties without a central exchange. Alternatively, it is known as the "off-exchange" market. The OTC market is typically facilitated by market makers, who act as intermediaries between buyers and sellers and help match buyers and sellers. Over Hedged Risk management strategy over-hedging involves taking an offsetting position that exceeds the size of the original position being hedged. It may result in a net position opposite to the initial position. Overhedging can be inadvertent or intentional. Option Currency Trading Currency options are derivatives based on underlying currency pairs. Trading currency options involves a wide variety of strategies available for use in FX markets, where foreign currencies are traded. < PREVIOUS NEXT >

  • Business Analyst

    Be part of Grain's Data team, playing a crucial role in supporting and optimizing the company's financial strategies. < Back Business Analyst Be part of Grain's Data team, playing a crucial role in supporting and optimizing the company's financial strategies. Full Time Tel Aviv Apply Now Who We Are: Grain is a pioneering fintech startup based in the heart of Tel Aviv. We offer embedded cross-currency solutions tailored for software platforms and marketplaces. Grain was founded by seasoned entrepreneurs, formerly of financial institutions like Barclays, Deutsche Bank, as well as other renowned fintech startups. Grain is backed by leading venture capital firms and prominent financial institutions. At Grain, we offer an opportunity to shape the fintech landscape and be a part of a community that’s committed to excellence. Role overview: We are seeking a dynamic and detail-oriented Business/Data Analyst to join Grain. In this versatile role, you will work closely with cross-functional teams to turn data into actionable insights, support sales and marketing efforts, enhance our understanding of client and market needs and come up with innovative solutions to solve complex day to day obstacles. Your work will directly impact Grain’s business strategy, and improve our customer conversion rate and customer experience. Key Responsibilities: Market Research: Conduct competitive analysis and market research to support strategy and sales efforts. Analyze internal and market data to uncover trends and opportunities. Convert data into actionable results and strategic recommendations using storytelling, visualization, and exceptional presentation skills. Sales support: create data-driven materials and presentations for prospects and clients. Forward-thinking: consistently anticipating needs, seeing the big picture, and supporting team members to excel in presentations to new and existing customers. Required Qualifications: 2-5 years of experience in management consulting, research analyst and/or business analysis Proficiency in Excel, SQL, and BI tools. Strong communication skills, with the ability to present data clearly. Detail-oriented with strong organizational skills. Proven ability to translate data into actionable insights and strategic recommendations. Performs well under pressure. Quick adaptability and ability to deliver insights in short cycles. Preferred Qualifications: Experience in a major consulting firm Experience in fast-paced startup environments. Knowledge of FX and finance domains. Familiarity with sales teams and processes. Apply Now

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    Get an overview of financial terms and their definitions. < BACK KNOWLEDGE BASE Grain Glossary Get an overview of financial terms and their definitions. ALL A A B B C C D D E E F F G G H H I I J J K K L L M M N N O O P P Q Q R R S S T T U U V V W W X X Z Z S Sharpe Ratio The Sharpe ratio is a measure of risk-adjusted return, which compares the expected returns of an investment to the risk it carries. It is calculated by dividing the expected excess return (the return of the investment minus the risk-free rate) by the standard deviation of returns. A higher Sharpe ratio indicates a better risk-to-return tradeoff. Short In finance, the term "short" refers to the selling of a security or other financial instrument that the seller does not own. This is also known as "short selling" or "going short." Short selling is typically done in anticipation of a decline in the price of the security or instrument. The seller borrows the security from someone else, sells it on the market, and then buys it back at a later time (hopefully at a lower price) in order to return it to the lender. If the price of the security does indeed decline, the seller can profit by buying it back at a lower price than they sold it for. If the price goes up instead, the seller incurs a loss. S&P 500 Standard & Poor's 500 (S&P 500) is a stock market index containing 500 large publicly traded companies in the United States. It is widely considered a leading indicator of U.S. stock market performance. The companies in the S&P 500 are chosen by Standard & Poor's (S&P), a financial services company, based on their market size, liquidity, and industry group representation. The index is weighted by market capitalization, which means that the larger companies have a greater influence on the index's performance. The S&P 500 is typically used as a benchmark for the performance of actively managed large-cap mutual funds and exchange-traded funds (ETFs). The Secured Overnight Financing Rate (SOFR) The Secured Overnight Financing Rate (SOFR) is a benchmark interest rate for the U.S. dollar overnight lending market. It is calculated and published by the Federal Reserve Bank of New York (FRBNY) based on the interest rates at which banks lend overnight funds to each other using U.S. Treasury securities as collateral. Speculator Speculators buy and sell financial instruments to profit from changes in the price of the underlying asset. In order to achieve higher returns, speculators often take on greater risks than traditional investors. Speculators can trade a wide variety of financial instruments, including stocks, bonds, currencies, commodities, and derivatives. Supply Chain Supply chains refer to the flow of goods, services, and information from the raw material suppliers to the customer's final product. It involves all activities involved in the sourcing, procurement, production, and delivery of a product or service, as well as the coordination and collaboration of all parties involved, including suppliers, manufacturers, distributors, and customers. A successful supply chain delivers the right product, at the right time, in the right quantity, and at the lowest price. Swaption A swaption is a financial derivative that gives the holder the right, but not the obligation, to enter into an interest rate swap at a later date. An interest rate swap is a financial instrument that allows two parties to exchange a stream of fixed-rate payments for a stream of floating-rate payments, or vice versa. Spot Rate Spot rates are the current market prices at which financial instruments, such as currencies, commodities, and securities, can be bought or sold for immediate delivery. Spot rates are affected by market forces, such as supply and demand, and are commonly used as benchmarks for forward, futures, and options contracts. The spot rate can be quoted in either direct or indirect terms, depending on the conventions of the market in which the instrument is traded. Spot Exchange Rate Spot exchange rates represent the current value of one currency against another at a given point in time. The price at which a trader will pay to buy another currency on the open market. Spot exchange rates are regulated by the global foreign exchange market, where organizations, countries, and traders settle financial transactions. Straddle The straddle strategy involves simultaneously purchasing a put option and a call option for the underlying security with the same strike price and expiration date. When the price of the security rises or falls from the strike price by more than the total premium paid, a trader will profit from a long straddle. As long as the underlying security's price moves sharply, the profit potential is virtually unlimited. SWIFT Message The SWIFT international payment network generates SWIFT messages when funds are transferred internationally. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is renowned as the fastest, most secure way to transmit financial messages internationally. Settlement Date A settlement date is the day when a trade in the securities industry is finalized, and the transfer of cash or assets is completed. It's usually a few days after the trade was made. Stagflation When slow growth, high unemployment, and rising prices occur simultaneously in an economy, it is called stagflation. In the developed world, stagflation has repeatedly occurred since the 1970s, once thought impossible by economists. Slow-growth policy solutions tend to worsen inflation, and vice versa. It is therefore difficult to fight stagflation. Shorting Currency Currency traders take long positions on one currency and short positions on another when trading currencies. The value of currencies in relation to each other determines whether a trader makes a profit in forex trading since currencies are always traded in pairs. A constant aspect of forex trading is being long on one currency and short on another. Settle date Settle date is a securities industry term describing the date on which a trade (bonds, equities, foreign exchange, commodities, etc.) settles . That is, the actual day on which transfer of cash or assets is completed and is usually a few days after the trade was done. < PREVIOUS NEXT >

  • Senior Data Analyst

    Be part of Grain's Data team, playing a crucial role in supporting and optimizing the company's financial strategies. < Back Senior Data Analyst Be part of Grain's Data team, playing a crucial role in supporting and optimizing the company's financial strategies. Full Time Tel Aviv Apply Now Who We Are Grain is a pioneering fintech startup based in the heart of Tel Aviv. We offer embedded cross-currency solutions tailored for software platforms and marketplaces. Grain was founded by seasoned entrepreneurs, formerly of financial institutions like Barclays, Deutsche Bank, as well as other renowned fintech startups. Grain is backed by leading venture capital firms and prominent financial institutions. At Grain, we offer an opportunity to shape the fintech landscape and be a part of a community that’s committed to excellence. Role overview We are seeking a talented and driven Senior Data Analyst to join Grain Finance as our first dedicated data analyst. In this pivotal role, you’ll become a domain expert in FX hedging and financial risk analysis , drive key insights, and shape the future of our data processes. You’ll work closely with cross-functional teams to influence decisions with data and make a significant impact on our growing company. Key Responsibilities Own BI Systems: Design and develop intuitive dashboards and reports that deliver actionable insights for stakeholders across Product, Risk, and Finance. Take full responsibility for Grain’s BI tools and pipelines. Perform Advanced Analyses: Use Python and SQL to uncover trends, optimize strategies, and provide data-driven recommendations. Simulations & Risk Analysis: Develop and execute models and simulations to assess financial risks and inform hedging strategies. ML Monitoring: Monitor machine learning models performance and ensure continuous improvement. Collaborate Across Teams: Work closely with Product Managers, Engineers, and Risk Analysts to understand challenges and deliver data-driven solutions. Required Qualifications 3+ years of proven experience in Data Analysis , ideally within fintech, trading, or related fields. Bachelor’s Degree in Statistics, Math, Computer Science, or a related field. Expertise in Python (including Pandas, NumPy) and SQL for data manipulation and analysis. Experience with BI tools (e.g., Tableau, Looker, Power BI). Proven ability to derive actionable insights from complex data sets and effectively present them to diverse stakeholders. Familiarity with financial risk analysis, simulations, or statistical modeling is a bonus . Apply Now

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    Get an overview of financial terms and their definitions. < BACK KNOWLEDGE BASE Grain Glossary Get an overview of financial terms and their definitions. ALL A A B B C C D D E E F F G G H H I I J J K K L L M M N N O O P P Q Q R R S S T T U U V V W W X X Z Z K Knock-in Option A knock-in option is a type of option that becomes active or "knocks in" to the market only when the price of the underlying asset reaches a predetermined trigger price. Until the trigger price is reached, the option remains dormant and has no value. Knock out Option A knock-out option is a type of option that becomes inactive or "knocks out" of the market when the price of the underlying asset reaches a predetermined trigger price. When the trigger price is reached, the option is automatically exercised, and the trader either receives a payout or incurs a loss, depending on the terms of the option. Kantox Kantox is a multinational fintech company that offers Currency Management Automation software for corporate clients. Their software automates the pre-trade, trade, and post-trade stages of the corporate foreign exchange workflow. Key Risk Indicator (KRI) A key risk indicator (KRI) measures the likelihood that the combined probability of an event and its consequences will exceed an organization's risk appetite and negatively impact the success of the organization. < PREVIOUS NEXT >

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    Get an overview of financial terms and their definitions. < BACK KNOWLEDGE BASE Grain Glossary Get an overview of financial terms and their definitions. ALL A A B B C C D D E E F F G G H H I I J J K K L L M M N N O O P P Q Q R R S S T T U U V V W W X X Z Z N Negative Carry A negative carry occurs when the cost of holding a financial asset exceeds the income generated by it. It occurs typically when an asset pays a lower return than what it costs to finance its purchase. Nominal Effective Exchange Rate An unadjusted weighted average rate at which one country's currency exchanges for a basket of multiple foreign currencies is called the nominal effective exchange rate (NEER). Nominal exchange rates indicate the amount of domestic currency needed to purchase foreign currency. Non-Deliverable Forward Non-deliverable forwards (NDF) are cash-settled, and usually short-term, forward contracts. The notional amount is never exchanged, hence the name "non-deliverable." Two parties agree to take opposite sides of a transaction for a set amount of money—at a contracted rate, in the case of a currency NDF. Notional Value The notional value of an underlying asset is often used by derivatives traders to refer to the contract's value. This can be the total value of a position, the amount that a position controls, or an agreed-upon amount. A financial asset's face value is used to determine its payment. In the options, futures, forward, and currency markets, this term describes derivative contracts. Notional Currency Notional currency refers to the currency in which the nominal or face value of a financial instrument—such as a derivative contract—is denominated. It is not necessarily the currency that changes hands, but rather the reference amount used to calculate payments or the value of a position. Natural Hedge A risk management strategy that reduces exposure by aligning assets with inherent negative correlations or by matching operating expenses and revenues in the same currency to minimize exchange rate risk. < PREVIOUS NEXT >

  • Senior Product Manager, Trading and Risk

    Be part of Grain's Product team, playing a crucial role in supporting and optimizing the company's product strategies. < Back Senior Product Manager, Trading and Risk Be part of Grain's Product team, playing a crucial role in supporting and optimizing the company's product strategies. Full Time Tel Aviv Apply Now About Us: Grain is a fast-growing fintech startup offering cross-currency solutions tailored for software platforms and marketplaces. The company was founded by seasoned entrepreneurs, formerly of financial institutions like Barclays and Deutsche Bank, as well as renowned fintech startups. Grain is backed by leading venture capital firms and prominent financial institutions. At Grain, we pride ourselves on fostering a collaborative culture, committed to excellence, where every team member has a direct impact on our success. Role Overview: We are looking for a Senior Product Manager to join our Product team and take ownership of our core Trading and Risk product. This is a hands-on role focused on , building best-in-class financial infrastructure, shipping features that deliver value to our customers and driving product strategy. You will report to the Chief Product Officer (CPO) and collaborate closely with Engineering, Operations, and Business stakeholders. Responsibilities: · Define and own the product roadmap for our core risk and trading platform, aligning with business priorities and customer needs · Work closely with our FinOps, Risk and Trading teams, to define our core offering - risk models, derivatives integrations, and pricing; lead engagement with strategic partners · Lead product discovery efforts, including user interviews, competitive analysis, and partnerships discovery · Gather and synthesize customer feedback, usage data, and market research to inform product decisions; Translate complex requirements into clear, actionable product specs · Work closely with Engineering and Design to deliver high-quality features on time and at scale · Collaborate with Sales, Operations, and Support teams to ensure seamless product launches and issue resolution · Monitor product performance, define success metrics, and iterate based on learnings · Communicate product vision, updates, and trade-offs clearly to stakeholders across the company Requirements : · 4+ years of product management experience in B2B SaaS or fintech environments · Strong track record of owning and scaling complex products from ideation through launch · Excellent communication and collaboration skills, with the ability to align cross-functional teams · Analytical and data-driven, with experience using metrics to guide product decisions · Comfortable working closely with engineers and understanding technical trade-offs · Deep customer empathy and experience in conducting user research and discovery; Ability to thrive in a fast-paced, high-growth startup environment · Experience in cross currency payments, institutional trading or derivatives products (options, futures, etc) is a big plus · Bachelor’s degree in a technical field What We Offer: · Competitive salary and equity package · Opportunity to be a key product leader in a high-growth fintech startup · Collaborative, mission-driven culture · Modern office space in the heart of Tel Aviv Apply Now

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