OverviewCompany Overview:Connecting clients to markets – and talent to opportunity.With 5,400+ employees and over 80,000 institutional, commercial, and payments clients, we operate from more than 80 offices spread across six continents.
Read the overview of this opportunity to understand what skills, including and relevant soft skills and software package proficiencies, are required.
As a Fortune 100, Nasdaq-listed provider, we connect clients to the global markets – focusing on innovation, human connection, and providing world-class products and services to all types of investors.Whether you want to forge a career connecting our retail clients to potential trading opportunities, or ingrain yourself in the world of institutional investing, StoneX Group is made up of four business segments that offer endless potential for progression and growth.Position Purpose:The Senior Banknote Dealer is responsible for the commercial management of current-issue circulating and legacy but tradable banknotes, with a strong emphasis on FX-linked pricing, inventory risk, and hedging strategies.The role combines physical banknote trading expertise with treasury-style risk management,ensuring profitability and capital protection across multi-currency positions.The position requires advanced knowledge of banknote markets, FX markets, spreads, liquidity, and counterparty risk, and close coordination with treasury, compliance, and operations teams.ResponsibilitiesKey ResponsibilitiesBanknote Trading & Inventory ManagementTrade high volumes of banknotes across major and emerging-market currenciesManage bid/offer spreads for wholesale and institutional clientsSource notes from central banks, commercial banks, exchange houses, and international counterpartiesOptimise inventory turnover while balancing availability and carry costsPrice banknotes dynamically using spot FX, forward points, and market premiumsFX Exposure & HedgingActively manage FX exposure arising from physical banknote InventoriesDesign and execute hedging strategies using:FX spot and forwardsSwaps and rolling hedge structuresNatural hedges between buy/sell flowsMonitor open currency positions and Value at Risk (VaR)Work closely with Treasury to align hedges with group FX policyAssess basis risk between physical banknote µricing and interbank FX marketsQualificationsTo land this role you will need:Extensive experience in banknote trading, FX xsabvtc trading, or treasury functionsProven experience managing multi-currency physical cash positionsStrong understanding of FX markets, forwards, swaps, and hedging mechanics Demonstrated ability to price risk and manage margin in volatile marketsAdvanced numeracy and risk awarenessStrong commercial judgement and decision-makingcapabilityExperience in wholesale banknote desks or central bank-appointed rolesTreasury or FX trading backgroundFamiliarity with VaR, P&L attribution, and hedge effectiveness analysis Multilingual skillsProfessional qualifications (e.g.
ACI, ACT, CFA, IBNS)Permanent, full-time, #LI-SD1 Job SummaryCategory (Portal Searching): Sales & TradingPosition Type (Portal Searching): Experienced Professional
Senior Banknote Trader in Vauxhall employer: StoneX
At StoneX Group, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters innovation and collaboration. With over 5,400 employees globally, we provide extensive growth opportunities within our diverse business segments, ensuring that every team member can thrive in their career. Our commitment to employee development, coupled with the chance to engage with a wide array of clients and markets, makes this an ideal environment for those seeking meaningful and rewarding employment in the financial sector.
