Junior Trade Support

Junior Trade Support

Full-Time 30000 - 40000 £ / year (est.) No home office possible
Monex Europe Ltd.

At a Glance

  • Tasks: Support FX trading operations and assist in executing foreign exchange products.
  • Company: Join Monex, a leader in FX risk management and international payments.
  • Benefits: Full-time role with opportunities for growth and a dynamic work environment.
  • Other info: Collaborative culture with a focus on team development and operational excellence.
  • Why this job: Be part of a team that facilitates billions in FX turnover and makes a real impact.
  • Qualifications: Interest in FX markets and strong communication skills are a plus.

The predicted salary is between 30000 - 40000 £ per year.

Monex specialises in FX risk management and international payments, helping corporate and institutional clients design tailored FX solutions to navigate currency volatility with confidence. Our team of FX specialists implement well-considered currency strategies, offering dedicated support to help clients manage their payment needs – whether for goods, services, or direct investments.

In 2023, Monex facilitated $309 billion in FX turnover, managed $10.7 billion in assets, and processed 8.5 million transactions. With offices across North America (Canada, the US, and Mexico), Asia (Singapore), and Europe (the UK, Spain, and the Netherlands), we serve over 66,000 clients worldwide.

By combining global reach with deep local market expertise, Monex enhances businesses with a suite of financial solutions and FX market analysis to help optimise efficiency, mitigate currency risk, and protect margins in an increasingly complex financial landscape. Our corporate client experience is further enhanced by our dedicated sector expertise across a range of industries.

Job Overview

While the primary focus is on spot and forward FX, this role will also collaborate with the Head of Trade Support - Options to address cross-functional needs and maintain seamless coordination across both areas of trade support.

Key Responsibilities & Accountabilities:

  • Execution of foreign exchange products (i.e. Swaps)
  • Inputting trades into Monex’s in-house system
  • Assisting the front of house trading team
  • Verification and error identification
  • Daily reporting of client positions including valuation and collateral management
  • Communicating with clients to resolve queries
  • Coordinating with the Risk and Settlement departments

Knowledge & Expertise (not all essential):

  • Proficiency in the internal proprietary FXDB system for trade processing and reconciliation.
  • Strong understanding of spot and forward FX markets, including trade lifecycles and risk management.
  • Familiarity with trade support systems and tools, including Bloomberg, Reuters, and Excel.
  • Experience with regulatory reporting and compliance requirements for FX transactions.
  • Proven leadership skills, with a focus on team development and operational excellence.
  • Collaborate with Treasury, Compliance, and Operations teams to align trade support processes with broader organizational goals.

If you like wild growth and working with happy, enthusiastic over-achievers, you'll enjoy your career with us!

Junior Trade Support employer: Monex Europe Ltd.

Monex is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and collaboration thrive. With a strong focus on employee growth, we provide comprehensive training and development opportunities, ensuring our team members are equipped to excel in the fast-paced world of FX risk management. Our culture promotes teamwork and celebrates achievements, making Monex not just a workplace, but a community of enthusiastic professionals dedicated to delivering tailored financial solutions.
Monex Europe Ltd.

Contact Detail:

Monex Europe Ltd. Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Junior Trade Support

✨Tip Number 1

Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.

✨Tip Number 2

Prepare for interviews by researching Monex and understanding their FX products. Show us that you’re not just another candidate; demonstrate your passion for trade support and how you can contribute to our team.

✨Tip Number 3

Practice common interview questions related to FX markets and trade support. We recommend doing mock interviews with friends or using online resources to boost your confidence and refine your answers.

✨Tip Number 4

Apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows us you’re genuinely interested in joining our team at Monex.

We think you need these skills to ace Junior Trade Support

Foreign Exchange (FX) Knowledge
Trade Execution
Error Identification
Client Communication
Valuation and Collateral Management
Proficiency in FXDB System
Understanding of Trade Lifecycles
Risk Management
Familiarity with Bloomberg
Familiarity with Reuters
Excel Proficiency
Regulatory Reporting
Compliance Knowledge
Team Collaboration

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Junior Trade Support role. Highlight any relevant experience with FX markets or trade support systems, and don’t forget to showcase your skills in communication and problem-solving!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re excited about the role at Monex and how your background makes you a great fit. Keep it concise but engaging – we want to see your personality!

Showcase Your Skills: In your application, be sure to mention any specific tools or systems you’ve worked with, like Bloomberg or Excel. If you have experience with regulatory reporting, definitely include that too – it’s a big plus for us!

Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find all the details you need about the role and our company culture there!

How to prepare for a job interview at Monex Europe Ltd.

✨Know Your FX Basics

Make sure you brush up on your understanding of spot and forward FX markets. Familiarise yourself with trade lifecycles and risk management concepts, as these will likely come up during the interview. Being able to discuss these topics confidently will show that you're serious about the role.

✨Familiarise with Trade Support Tools

Get to know the tools mentioned in the job description, like Bloomberg, Reuters, and Excel. If you can demonstrate your proficiency with these systems, it’ll give you a leg up. Maybe even practice using them if you have access, so you can speak about your experience with real examples.

✨Prepare for Client Interaction Scenarios

Since the role involves communicating with clients to resolve queries, think of examples from your past experiences where you've successfully handled client interactions. Be ready to discuss how you approach problem-solving and maintain professionalism under pressure.

✨Show Your Team Spirit

This position requires collaboration with various departments, so be prepared to talk about your teamwork skills. Share specific instances where you’ve worked effectively in a team setting, especially in high-pressure environments. Highlighting your ability to work well with others will resonate with the interviewers.

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