At a Glance
- Tasks: Support FX trading operations and assist in executing foreign exchange products.
- Company: Join Monex, a leader in FX risk management with a global presence.
- Benefits: Competitive salary, dynamic work environment, and opportunities for professional growth.
- Other info: Collaborative culture with a focus on team development and operational excellence.
- Why this job: Be part of a fast-paced team making a real impact in the FX market.
- Qualifications: Interest in FX markets and strong communication skills are a plus.
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!
Contact Detail:
Monex Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Junior Trade Support in London
✨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 job descriptions just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your FX knowledge. Understand spot and forward markets, and be ready to discuss how you can contribute to trade support. We want to see your passion!
✨Tip Number 3
Showcase your problem-solving skills during interviews. Think of examples where you've resolved issues or improved processes. This is key in trade support, and we love seeing candidates who can think on their feet!
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in joining our team at Monex.
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 products, trade support systems, or client communication to show us you’re a great fit!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to tell us why you're excited about the role and how your background aligns with our mission at Monex. Be genuine and let your personality come through!
Showcase Your Skills: Don’t forget to mention any specific tools or systems you’ve used, like Bloomberg or Excel. If you have experience with regulatory reporting or risk management, make sure to include that too – we love seeing those details!
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 don’t miss out on any important updates from our team!
How to prepare for a job interview at Monex
✨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.
✨Get Comfortable with Trade Support Tools
Since the job involves using systems like Bloomberg, Reuters, and Excel, it’s a good idea to practice using these tools beforehand. If you can demonstrate your proficiency or even share examples of how you've used them in the past, it’ll give you an edge over other candidates.
✨Prepare for Client Interaction Scenarios
As you'll be communicating with clients to resolve queries, think of some examples where you've successfully handled client interactions in the past. Be ready to discuss how you approach problem-solving and ensure client satisfaction, as this is key in a trade support role.
✨Show Your Team Spirit
Monex values collaboration, so be prepared to talk about your experiences working in teams. Highlight any leadership roles you've taken on or how you've contributed to team development. This will demonstrate that you’re not just a lone wolf but someone who thrives in a team environment.