At a Glance
- Tasks: Manage FX portfolios and build relationships with mid-market corporate clients.
- Company: Millbank FX, a leading foreign exchange and payments specialist in London.
- Benefits: Competitive salary, uncapped commission, and structured coaching for career growth.
- Other info: Join a high-performance team with clear standards and long-term progression opportunities.
- Why this job: Gain ownership of your portfolio and make a real impact in a fast-paced environment.
- Qualifications: 1-3 years of FX experience and confidence engaging with senior stakeholders.
The predicted salary is between 30000 - 40000 € per year.
Location: Central London (20 King St, London EC2V 8EG)
Type: Full-time, Permanent (5 days per week in-office)
Base: £30,000 - £40,000 depending on experience
About Millbank FX
Millbank FX is a London-based foreign exchange and payments specialist, trusted by mid-market and enterprise clients to manage currency risk and global payments with speed, accuracy, and integrity. We have processed over £6 billion in transactions and are scaling through disciplined hiring, automation, and uncompromising operational standards. Our culture is high-performance, results driven and process led.
The Opportunity
We are hiring additional Portfolio Managers to further strengthen our front desk and accelerate high-quality revenue growth across key verticals of the business. This role is designed for someone early in their FX career who wants portfolio ownership, accountability for delivering their own results, structure, and progression in a fast-paced environment. Portfolio Managers at Millbank FX are responsible for originating new mid-market corporate relationships, trading and managing those clients, and growing high-value FX portfolios. You will report directly to the Chief Commercial Officer and operate within a clearly defined commercial framework focused on long-term portfolio value.
What You Will Do
- Originate new mid-market corporate clients (£3m–£100m annual FX volumes)
- Build your own FX portfolio with full commercial accountability
- Price, trade, and manage client FX requirements within defined risk and margin frameworks
- Deliver tailored FX risk management solutions aligned to client objectives
- Develop a deep understanding of clients’ businesses, cashflows, and currency exposures
- Maintain disciplined pipeline management and accurate revenue forecasting
- Grow revenue through wallet share expansion and portfolio quality.
In the early phase of the role, the focus is new business origination. Over time, revenue compounds through portfolio ownership and disciplined management.
What You Will Bring
This role is suited to someone who has:
- 1–3 years’ FX experience
- Direct exposure to originating new corporate business
- Confidence engaging with CFOs, Finance Directors, and senior stakeholders
- A commercial mindset with the discipline to constantly improve
- Strong organisational habits and a results driven mentality
- Comfort operating in a high-standards, feedback-driven environment
- Able to take a consultative approach and listen to a clients needs
- Confidence in being able to challenge C-suite executives to preconceived beliefs around FX
- Hunter mentality
You are not expected to be fully formed. You are expected to be coachable, accountable, and commercially serious.
What Success Looks Like
Within 12 months, you will:
- Own a clean, diversified FX portfolio with recurring revenue
- Maintain accurate pipeline forecasting and commercial visibility
- Demonstrate margin discipline across all traded activity
- Convert new business into retained, high-quality client relationships
- Operate independently within Millbank’s commercial framework
- Be trusted as a revenue owner rather than a transaction chaser
Remuneration & Progression
Competitive base salary (£30,000 - £40,000 depending on experience)
Uncapped commission structure
Portfolio-linked commission uplift when targets are hit
Why Join Millbank FX
- Front-row exposure to a scaling, process-led FX business
- Clear commercial standards and structured coaching
- Office-based role within a high-performance team environment
- Long-term progression for people who operate with ownership and discipline
- Millbank FX rewards people who deliver results.
Portfolio Manager in City of London employer: MILLBANK FX
Millbank FX is an exceptional employer located in the heart of Central London, offering a dynamic and high-performance work culture that prioritises results and accountability. As a Portfolio Manager, you will benefit from structured coaching, uncapped commission opportunities, and the chance to build your own FX portfolio while working alongside a dedicated team in a fast-paced environment. With a focus on employee growth and long-term progression, Millbank FX is committed to rewarding those who demonstrate ownership and discipline in their roles.
StudySmarter Expert Advice🤫
We think this is how you could land Portfolio Manager in City of London
✨Tip Number 1
Network like a pro! Get out there and connect with people in the FX industry. Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. The more people you know, the better your chances of landing that Portfolio Manager role.
✨Tip Number 2
Practice your pitch! You need to be able to confidently explain why you're the right fit for the job. Think about your experience, your understanding of FX, and how you can add value to Millbank FX. A solid pitch can make all the difference in interviews.
✨Tip Number 3
Research, research, research! Know everything you can about Millbank FX and their clients. Understanding their business model and challenges will help you tailor your approach and show that you’re genuinely interested in contributing to their success.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining the team at Millbank FX. Don’t miss out on this opportunity!
We think you need these skills to ace Portfolio Manager in City of London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that align with the Portfolio Manager role. Highlight any FX experience and your ability to engage with senior stakeholders, as this will catch our eye!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to tell us why you're passionate about FX and how you can contribute to our high-performance culture. Be genuine and let your personality come through.
Showcase Your Results-Driven Mindset:In your application, emphasise your results-driven mentality and any past achievements. We love candidates who can demonstrate their commercial mindset and how they've successfully managed client relationships.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at MILLBANK FX
✨Know Your FX Basics
Before heading into the interview, make sure you brush up on your foreign exchange knowledge. Understand key concepts like currency pairs, trading strategies, and risk management. This will not only show your enthusiasm for the role but also demonstrate that you have a solid foundation to build upon.
✨Research Millbank FX
Dive deep into Millbank FX's operations, values, and recent news. Familiarise yourself with their client base and the specific challenges they face in the mid-market sector. This will help you tailor your answers and show that you're genuinely interested in contributing to their success.
✨Prepare for Scenario Questions
Expect to be asked about how you would handle specific situations, especially regarding client relationships and trading decisions. Think of examples from your past experiences where you've successfully navigated challenges or made impactful decisions. This will highlight your consultative approach and problem-solving skills.
✨Show Your Hunter Mentality
Millbank FX is looking for someone with a hunter mentality, so be ready to discuss how you've previously originated new business or built client relationships. Share specific examples that showcase your confidence in engaging with senior stakeholders and your ability to challenge preconceived beliefs around FX.
