Options Dealer

Monex Europe Markets S.V; Madrid; On-site; EUR 60,000 - 90,000; Full time

Job summary

Monex Europe Markets S.V is seeking a seasoned FX trading professional for the Trading department in Madrid. The role involves executing client orders in FX products, managing hedges with counterparties, and providing market insights to clients and sales teams.

Ideal candidates possess EFPA/CEF certifications, extensive FX knowledge, and a track record in regulated financial environments. Strong English skills are required; additional European languages are a plus.

Qualifications

• EFPA, CEF or similar certifications listed under CNMV in force.
• Proven experience of working within 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.
• Clear understanding of risk management and compliance within a regulated environment.
• Extensive knowledge of FX.
• Systems / Knowledge Skills: MS Office, FXDB (In House), Bloomberg Trading systems (Barx, Arena, GS Portal), Workday.

Responsibilities

• Build and develop a portfolio of clients with needs in currency derivative products.
• Restructure and analyze strategies.
• Present and execute options trades for assigned clients and prospects, in accordance with credit limits and risk tolerance.
• Execute back-to-back operations with liquidity providers.
• Assist in post-trade reporting and various operational tasks.

Skills

FX market knowledge

Regulatory environment knowledge

Risk management

Senior-level experience

MS Office

Bloomberg Trading systems

FXDB (In House)

Workday

English language (oral & written)

Other European languages desirable

Education

EFPA / CEF certifications

Tools

Bloomberg Trading systems

FXDB (In House)

Workday

MS Office

Job description

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 implements well‑considered currency strategies and offers dedicated support to help clients manage their payment needs – whether for goods, services, or direct investments. In 2023, Monex facilitated $309billion in FX turnover, managed $10.7billion in assets, and processed 8.5million 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.

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 regulatory requirements.

Job Overview

The Trading team is responsible for executing client orders in Foreign Exchange products and for executing the firm’s hedge positions with banking counterparties. Traders liaise directly with clients and provide suitable advice based on their knowledge of the client and the client’s requirements.

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.
• Provide timely quotes and product information to distributors and sales for assigned customers (who have not negotiated optional products) and potential customers.
• Monitor 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 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.