At a Glance
- Tasks: Buy and sell foreign currency banknotes while managing inventory and market risks.
- Company: Join a Fortune 100 company with a global presence and innovative culture.
- Benefits: Competitive salary, career progression, and a dynamic work environment.
- Other info: Exciting opportunities for growth in a fast-paced, international setting.
- Why this job: Be at the forefront of global trading and make impactful financial decisions.
- Qualifications: Degree in Finance or related field; experience in FX trading preferred.
The predicted salary is between 50000 - 70000 £ per year.
Company 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. 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.
Position Purpose: The Banknote Trader is responsible for buying, selling, and managing physical foreign currency banknotes, optimising inventory levels, pricing spreads, and mitigating market and operational risk. The role requires close monitoring of FX markets, customer demand, logistics, and regulatory requirements to ensure profitability, liquidity, and compliance.
Key Responsibilities:
- Trading & Pricing: Buy and sell physical foreign currency banknotes across major and emerging market currencies. Set competitive buy/sell rates in line with market movements, funding costs, and risk appetite. Monitor FX spot markets, interest rates, and geopolitical developments impacting currency demand. Manage positions to remain within approved trading and exposure limits.
- Inventory & Liquidity Management: Monitor banknote inventory levels and ensure sufficient liquidity to meet client demand. Optimise stock rotation to reduce holding costs; shrinkage, and obsolete notes. Coordinate cash flows across multiple currencies and locations.
- Client & Counterparty Management: Execute trades with banks, financial institutions, bureaux de change, and cash wholesalers. Maintain relationships with key counterparties to ensure competitive pricing and reliable supply. Support sales teams with pricing, market guidance, and deal structuring.
Qualifications: To land this role you will need: Degree in Finance, Economics, Business, or a related field (preferred). Experience in FX trading, cash management, treasury, or banknote operations. Knowledge of regulatory requirements relating to cash, AML, and sanctions is desirable. Commercially minded and results-driven. Calm under pressure with strong risk awareness. Trustworthy, discreet, and highly professional.
Permanent, full-time.
Banknote Trader in London employer: UNAVAILABLE
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 ample opportunities for professional growth and development, particularly in the exciting field of foreign currency trading. Our commitment to employee well-being is reflected in our competitive benefits package and supportive environment, making us an ideal choice for those seeking a meaningful career in finance.
StudySmarter Expert Advice🤫
We think this is how you could land Banknote Trader in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that Banknote Trader role.
✨Tip Number 2
Stay updated on FX market trends! Follow news, subscribe to relevant newsletters, and join forums. Showing your knowledge during interviews can really set you apart from the competition.
✨Tip Number 3
Practice your trading scenarios! Get comfortable with pricing strategies and risk management techniques. We recommend simulating trades to build your confidence and demonstrate your skills when it counts.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search. Let’s get you into that Banknote Trader position!
We think you need these skills to ace Banknote Trader in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Banknote Trader role. Highlight any relevant experience in FX trading or cash management, and don’t forget to showcase your understanding of market dynamics and risk management.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about trading and how your skills align with our mission at StoneX Group. Keep it concise but impactful!
Showcase Your Analytical Skills:As a Banknote Trader, analytical skills are key. In your application, mention specific examples where you've successfully monitored markets or managed inventory. Numbers speak volumes, so include any quantifiable achievements!
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 shows you’re keen on joining our team!
How to prepare for a job interview at UNAVAILABLE
✨Know Your Currency Markets
Before the interview, brush up on your knowledge of foreign exchange markets. Understand current trends, major currencies, and geopolitical factors that influence currency demand. This will show your potential employer that you're not just interested in the role but are also proactive about staying informed.
✨Demonstrate Your Analytical Skills
Be prepared to discuss how you analyse market data and make trading decisions. Bring examples from your past experiences where you've successfully managed risk or optimised inventory levels. This will highlight your ability to think critically and act decisively under pressure.
✨Showcase Your Client Management Experience
Since the role involves maintaining relationships with banks and financial institutions, be ready to share specific examples of how you've built and maintained client relationships in previous roles. Highlight your communication skills and how you’ve supported sales teams in the past.
✨Understand Regulatory Requirements
Familiarise yourself with the regulatory landscape surrounding cash management and AML (Anti-Money Laundering) practices. Being able to discuss these topics confidently will demonstrate your professionalism and understanding of the industry's compliance needs.
