FX Dealer

Monex Group; Amsterdam; Hybrid; EUR 90,000 - 130,000; Full time

Job summary

Monex Group in Amsterdam seeks a trader to execute client orders in FX products and to hedge positions with banking counterparties. The role requires careful market analysis, client liaison, and adherence to regulatory standards.

The successful candidate will have experience in a regulated investment firm, strong English skills, and a track record with French clients. A deep understanding of FX markets and risk management is essential for success.

Qualifications

• Experience in a regulated investment firm is essential.
• Proven track record with French clients in a commercial setting.
• Senior-level experience and strong market knowledge required.

Responsibilities

• Understand market dynamics to support client trading activities.
• Maintain Know Your Customer (KYC) standards for onboarding.
• Monitor economic conditions and their impact on Monex and clients.
• Understand and manage market, counterparty and operational risk.
• Execute client orders with integrity and high service standards.
• Record and maintain trading activity logs per Monex policy.

Skills

Regulated markets

Senior level

FX markets

Risk management

Regulatory knowledge

English fluency

French desirable

Dutch a plus

Markets knowledge

MS Office

Bloomberg

Workday

Education

Tools

Bloomberg

FXDB (In House)

Workday

MS Office

Job description

FX Dealer | Amsterdam 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.

Key Responsibilities & Accountabilities

• Understanding the market in which Monex operates and the factors necessary to undertake trading services for clients
• Ensuring adequate knowledge of their client (Knowing Your Customer; KYC) to deliver appropriate and suitable products, services and advice and support onboarding
• Maintaining a knowledge and understanding of the economic climate and the likely impact upon Monex and its clients
• Understanding and managing market risk, counterparty risk and the operational risk which arises from the traders own activity
• Executing client orders with integrity, ensuring high service standards and in accordance with Monex values and policies
• Executing back-to-back transactions with Banking Counterparties in accordance with Monex policies, respecting market convention and the requirements of counterparties
• Recording and maintaining all trading activity logs in accordance with Monex policy using Monex approved media
• Identifying and avoiding conflicts of interest
• Maintaining good client relationships built on integrity, trust and the client’s best interests
• Maintaining good Counterparty relationships built on mutual respect
• Liaison with other Monex departments to provide the fullest assistance as required
• Liaison with Sales Staff in order to engender and maintain good client relations and sustainable business practices
• Provide input into business development to ensure Monex offers the services clients need and that can be delivered to the highest industry standards

Key Skills & Experience Required

• Proven experience of working within a regulated investment firm
• Proven track Record with French Clients
• 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 an FX firm operates
• 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 is highly desirable
• Fluency in other European languages (e.g. Spanish, Dutch, German, etc.) is a plus

If you like wild growth and working with happy, enthusiastic over-achievers, you\'ll enjoy your career with us! At Monex, we do our very best every day to ensure that we take good care of our people, as our biggest asset is our highly driven and focused Talent Culture. We strive to continuously enable our people to develop their full potential by offering the necessary tools and support to empower our people to develop professionally and to take the next step in their career here at Monex. Teamwork is a paramount part of our Talent Culture as we achieve more when we collaborate and all work together. We take pride in our familial culture with colleagues who are willing to go the extra mile for one another. We foster a culture of Health and Wellness, encouraging our colleagues to pursue healthy habits and promoting healthy lifestyles.