At a Glance
- Tasks: Support FX trading by executing trades and assisting the trading team.
- Company: Join Monex, a leader in FX risk management and international payments.
- Benefits: Competitive salary, dynamic work environment, and opportunities for growth.
- Other info: Gain valuable experience in a fast-paced financial industry.
- Why this job: Be part of a global team making an impact in currency management.
- Qualifications: Interest in finance, strong communication skills, and teamwork.
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.
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.
Junior Trade Support employer: Monex Europe
Monex is an exceptional employer that fosters a dynamic work culture centred on collaboration and professional growth. With a strong commitment to employee development, we offer comprehensive training and mentorship opportunities, ensuring that our team members thrive in their roles. Located in vibrant financial hubs across North America and Europe, Monex provides a unique chance to engage with a diverse client base while being part of a leading firm in FX risk management.
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 FX industry, especially those at Monex. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of FX products and trade lifecycles. We want to see your passion for the industry, so be ready to discuss how you can contribute to our team!
✨Tip Number 3
Showcase your skills with real examples! When discussing your experience, highlight specific instances where you've successfully managed client queries or collaborated with teams. This will make you stand out.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in joining the Monex family.
We think you need these skills to ace Junior Trade Support
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that match the Junior Trade Support role. Highlight any relevant experience with FX markets or trade support systems, as this will show us you understand what we're looking for.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about FX risk management and how your background makes you a great fit for our team. Keep it concise but engaging!
Showcase Your Attention to Detail:In a role like this, attention to detail is key. Make sure your application is free from typos and errors. This not only reflects your professionalism but also shows us you can handle the precision required in trade support.
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’s super easy to do!
How to prepare for a job interview at Monex Europe
✨Know Your FX Basics
Make sure you brush up on your understanding of foreign exchange products, especially swaps. Familiarise yourself with the trade lifecycle and risk management principles. This will not only help you answer technical questions but also show your genuine interest in the role.
✨Get Comfortable with Tools
Since familiarity with tools like Bloomberg, Reuters, and Excel is key, practice using these platforms if you can. Being able to discuss how you've used them in past experiences or how you would use them in this role can set you apart from other candidates.
✨Prepare for Client Interaction Scenarios
Think about potential client queries you might encounter and how you would resolve them. Role-playing these scenarios with a friend can help you articulate your thought process clearly during the interview, showcasing your communication skills.
✨Showcase Team Collaboration
Highlight any past experiences where you collaborated with different teams, such as Treasury or Compliance. Discussing how you align trade support processes with broader goals will demonstrate your understanding of the bigger picture and your ability to work well within a team.
