Trade Support Analyst

Monex Europe is part of the Monex Group, an international financial services group with over 2,800 employees worldwide. With offices in the UK, Spain, the Netherlands, Canada and Singapore, we provide foreign exchange and payment solutions to businesses and institutions across the globe.

We are growing across Europe and looking for people who want to make an impact in a dynamic, international environment. At Monex, you will work alongside experienced professionals in a collaborative culture that values integrity, accountability and a strong focus on our clients, with real opportunities to learn and develop your career.

About The Role

We are looking for a Trade Support Analyst to join our Trading team, supporting the day-to-day execution and management of FX and derivative products. This is a hands-on role combining trade execution, pricing, position management and operational support, while working closely with the front-office Trading team and other key functions across the business.

Reporting to the Trade Support Team Lead, you will work across a broad range of trading activities, from pricing and executing FX and derivative transactions to monitoring positions, supporting hedging activity and ensuring trades are accurately captured and processed. You will also collaborate with clients, counterparties and internal teams including Risk, Settlements, Treasury and ALM.

The role requires strong attention to detail, commercial awareness and the ability to manage multiple priorities in a fast-moving market environment. You will be expected to work with a high degree of autonomy while contributing to the smooth and effective operation of the wider Trading function.

Key Responsibilities & Accountabilities:

• Execution of foreign exchange / Derivatives products (i.e. Swaps/KIKOs)
• 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 as per request.
• Communicating with clients to resolve queries.
• Coordinating with the Risk and Settlement departments.
• Arranging and carrying out training sessions with new members of the dealers team on trading platform functionalities, basic trading strategies regarding flexible forward contracts and correct pricing of rolls/draws taking true SWAP P&L into account.
• Liaising with counterparties regarding settlements teams access to live trading platforms.
• Pricing, quoting and execution of spot, forward, swaps, options and any other kind of derivative product authorised at MEMSV.
• Providing P&L Summaries for close and reopen/NDF products based on closing fixes.
• Pricing and placing of limit orders/stops in the market.
• Liaising with treasury and ALM to coordinate and execute profit and loss hedging – additionally keeping records of said hedging.
• Pricing close and re-open rolling hedges.
• Monthly and Quarterly reporting to CNMV regulator of MEMSV, as well coordinating with the OPS team for the trading reports to Bank of Spain.

Requirements

• At least 2 years of relevant experience, ideally within FX, derivatives, trading or financial markets.
• Professional training or qualifications in derivatives or financial markets would be advantageous.
• High standard of written and spoken English is essential. Other European languages would be desirable.
• Excellent attention to detail and accuracy, particularly when working with pricing, trade execution and transaction data.
• Proactive and responsive approach, with the ability to react quickly to changing market conditions and priorities.
• Strong organizational and multitasking skills, with the ability to manage several tasks simultaneously in a fast-paced trading environment.
• Resilient and comfortable working under pressure, maintaining accuracy, focus and sound judgement during periods of increased market activity.