Options Dealer

Options Dealer | Madrid

Monex is a leading global financial solutions provider, offering a complete set of tools to support business growth and strategic financial operations.

We specialise 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.

Department Overview

The Trading department engages in financial market transactions and evaluates investment opportunities in currencies. It is responsible for the day-to-day management of trades, determining prices and executing Client trades in Monex products (FX Spot, Forwards, Options) in accordance with its regulatory requirements.

Job Overview

The Trading team are responsible for executing client orders in Foreign Exchange products and for executing the firm’s hedge position with banking counterparties.

Traders liaise directly with clients and provide suitable advice based on their knowledge of the client and the client’s requirements and execute their orders accordingly.

This role will join us to support, strengthen and develop our French Desk, managing execution of FX products across French-speaking markets.

Key Responsibilities & Accountabilities

• Build and develop a portfolio of clients with needs in currency derivative products.
• Responsible for restructuring and analysis of strategies.
• Present and execute options trades for assigned clients and prospects, in accordance with the client's credit limits, risk tolerance, and specific needs.
• Execute back-to-back operations with liquidity providers.
• Assist in the overall management of Options book orders in collaboration with the Head of Trading, North America or the Vice President of Trading and Trading.
• Provide timely quotes and product information to distributors and sales for assigned customers (who have not negotiated optional products) and potential customers.
• Monitoring the entire product lifecycle, including sales, expirations, pre-deliveries, and margin call requirements.
• Drive growth of the options business through:
  • Leverage referrals from potential Sales clients.
  • Engage assigned referrals from active clients who have not yet traded options.
• Actively generate new business opportunities.
• Protect Monex adequately, under the premises of good faith and the code of conduct approved by the Regulator, through compliance with internal policies, regulatory procedures and solid decision-making and sales practices. Manage the life cycle of trades executed for clients and, at the same time, assist the Trading Manager in the daily execution of desk trades, as required.
• Assist in post-trade reporting and various operational tasks, as required.

Key Skills & Experience Required

• EFPA, CEF or similar certifications listed under CNMV in force.
• Proven experience of working within in a regulated investment firm.
• Proven track record of operating at a senior level within a commercial environment.
• Strong knowledge of markets.
• Strong knowledge of the regulatory environment in which a securities company operates in the foreign exchange market.
• Able to demonstrate a clear understanding of risk management and compliance within a regulated environment.
• Extensive knowledge of FX.

Systems / Knowledge Skills

• MS Office; Outlook, Word, Excel, PowerPoint
• Databases – FXDB (In House)
• Bloomberg
• Trading systems (Barx, Arena, GS Portal)
• HR Systems – Workday

Languages

• High standard of oral & written English is mandatory
• Fluency in French, Italian, German or Spanish is highly desirable
• Fluency in other European languages is a plus