At a Glance
- Tasks: Manage trading portfolios, assist clients, and provide analytics for the trading desk.
- Company: Join StoneX Group Inc., a Fortune 100 company with a century-long legacy.
- Benefits: Gain exposure to financial markets and develop your career in a dynamic environment.
- Other info: Shift work required; thrive under pressure in an intense, collaborative team.
- Why this job: Dive into the fast-paced world of trading, specialising in cryptocurrencies and asset classes.
- Qualifications: Exceptional analytical skills and a desire to learn about financial markets.
The predicted salary is between 36000 - 60000 £ per year.
Who We Are
StoneX Group Inc. connects clients to the global financial markets via a full suite of services including institutional‑grade platforms, end‑to‑end clearing and execution, post‑trade settlement, market intelligence and local expertise. A Fortune 100 company with a century‑long track record, StoneX Group Inc. (NASDAQ:SNEX) and its 4,500+ employees serve over 54,000 commercial, institutional and payments clients, along with over 260,000 retail accounts, from over 70 offices across six continents.
What We Do
The Self‑Directed/Retail segment offers a dynamic and expanding range of products, including FX, CFDs, futures, stocks and bullion tailored to meet the diverse needs of traders and investors worldwide. In addition to digital trading, we provide a full suite of financial services, such as wealth management and investment advisory services, reinforcing our commitment to delivering innovative tools and opportunities for our clients.
What We Stand For
As a regulated and publicly traded company, StoneX Group Inc. is subject to stringent corporate governance, financial reporting and disclosure requirements. Our commitment to integrity, transparency, and trust is integral to building deeply valued, long‑term relationships with our clients.
Responsibilities
Job Purpose
The role of Junior Dealer contains three main components: managing trading portfolios, dealing with clients and assisting with the provision of analytics for the desk. These is to be done while acting with the highest ethical and regulatory standards. The candidate will need to develop and become a vital member of a 12‑man 24‑hour team. It offers an excellent opportunity to gain exposure to the financial markets in a fast‑paced role, with a slant towards Cryptocurrencies on a desk that trades all asset classes. The winning candidate will be able to apply analytic skills to assist the desk in PNL maximisation, and have access to all major asset classes before specialising if necessary. In addition, the role offers the candidate the unique ability to set their path within the Trading function, depending on skills and competencies demonstrated, along with their preferences.
Job Timeline
The role is initially one of learning, to have all the necessary knowledge to perform the role. Once this is deemed complete, passing a Dealing Test will be required to enable the Junior Dealer to interact with pricing, order acceptance and any client contact. Alongside this relevant exams must also be sat to prove this competency. On completion of both, the Junior Dealer will be certified with the FCA and able to take on the full role. Repeated failure to complete either test may result in termination if the candidate is not able to demonstrate the necessary competency to perform the role.
General Duties
- Learn the individual trading conditions and rules relating to individual assets and asset classes.
- Monitor market risk exposure and ensure relevant positions are monitored during the shift.
- Assist in creating and developing desk analytics to benefit risk management, client analysis, and pricing teams – all towards the aim of PNL maximisation.
- Ensure Trading management is provided with all relevant information and trading data as required.
- Contribute to the development of the Cryptocurrency Trading and Risk strategy as requested concerning market risk mandates and optimising Revenue extraction.
- Awareness of the real‑time integrity of pricing published to clients throughout the shift, working to aid the Pricing Team if needed.
- Ensuring you fulfil any individual requirements in relation to Compliance or MRLO guidance.
- Understand and apply Best Execution and Transaction Reporting requirements to all aspects of your role.
- Work with teams to validate Daily PL, working with Finance relevant to your specific asset class.
- Work within shifts to ensure that all procedures pertaining to the reconciliation of Prime Broker and Liquidity Provider relationships are maintained.
Qualifications
Knowledge and Experience
- Exceptional mathematical and analytical skills demonstrated by university‑level qualification or relevant work experience.
- Strong verbal and written communication skills.
- Desire to learn about the financial markets, previous experience is not necessarily vital.
- Ability to thrive under pressure in an intense environment; multi‑tasking is a given.
- Shift work necessary, enabling London coverage of 7 am to 10 pm GMT during weekdays and assisting with weekend coverage for Cryptocurrencies (this is an essential part of the role).
Qualification And Skills
- University Level Qualification in a relevant subject or relevant business experience.
- Excel competency, complete computer literacy as systems and processes involved are complex.
- Financial qualifications preferred.
- Programming knowledge is helpful but not a requirement.
Junior Dealer employer: StoneX Group Inc.
StoneX Group Inc. is an excellent employer for aspiring FX traders, offering a vibrant work culture in the heart of London that fosters collaboration and innovation. With a strong emphasis on employee growth, the company provides extensive training and mentorship opportunities, ensuring that you can develop your skills in a fast-paced environment while making meaningful contributions to the forex market. Join us to be part of a team that values excellence and supports your career aspirations in the dynamic world of FX trading.
StudySmarter Expert Advice🤫
We think this is how you could land Junior Dealer
✨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 StoneX Group Inc. and understanding their services. Show that you’re not just another candidate; demonstrate your knowledge about their trading strategies and how you can contribute to their success.
✨Tip Number 3
Practice your analytical skills! Brush up on your maths and market analysis techniques. Being able to showcase these skills during interviews will set you apart from the competition.
✨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 StoneX team.
We think you need these skills to ace Junior Dealer
Some tips for your application 🫡
Show Your Passion for Finance:When writing your application, let us see your enthusiasm for the financial markets. Share any relevant experiences or coursework that sparked your interest in trading, especially if it relates to cryptocurrencies or analytics.
Tailor Your CV and Cover Letter:Make sure your CV and cover letter are tailored to the Junior Dealer role. Highlight your analytical skills and any experience with market analysis or trading, even if it's just academic. We want to see how you can contribute to our team!
Be Clear and Concise:Keep your application clear and to the point. Use straightforward language and avoid jargon unless it's relevant. We appreciate a well-structured application that makes it easy for us to see your qualifications and fit for the role.
Apply Through Our Website:Don’t forget to apply 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 serious about joining our team at StoneX.
How to prepare for a job interview at StoneX Group Inc.
✨Know Your Financial Markets
Before the interview, brush up on your knowledge of financial markets, especially around FX, CFDs, and cryptocurrencies. Being able to discuss current trends or recent news will show your genuine interest and understanding of the industry.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical abilities during the interview. You might be asked to solve a problem or analyse a scenario related to trading. Practising with real-world examples can help you articulate your thought process clearly.
✨Communicate Effectively
Strong verbal and written communication skills are crucial for this role. Practice explaining complex concepts in simple terms, as you may need to interact with clients who have varying levels of financial knowledge.
✨Emphasise Your Adaptability
The role requires thriving under pressure and adapting to a fast-paced environment. Be ready to share examples from your past experiences where you've successfully managed multiple tasks or adapted to changing situations.
