Head of Options Dealing

Head of Options Dealing | 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 Dealing department is responsible for executing client transactions across FX spot, forwards, swaps, and options. Dealing also plays a key role in offering the firm's full product suite, including trade finance solutions and multi-currency accounts. It provides strategic FX risk management solutions to clients, helping them mitigate currency exposure and optimize their international payment flows. Beyond that, the department looks at crystallizing potential upside opportunities looking at suitable structures.

Job Overview

The Head of Options Dealing is a leadership role responsible for overseeing the firm's FX options function, ensuring optimal execution, risk management, and product innovation. This role requires a deep understanding of structuring and pricing options and hedging strategies, as well as the ability to drive revenue growth through structured FX solutions.

A key focus of this role will be on enhancing the options product suite and driving great client engagement in options dealing. Additionally, the Head of Options Dealing will be accountable for team performance, ensuring strong revenue contribution and the development of the dealing team’s options knowledge through training programs.

Key Responsibilities & Accountabilities

• Execute client trades, ensuring best execution practices and adherence to regulatory requirements.
• Manage Dealing risk, exposure, and liquidity across multiple FX products, including spot, forwards, swaps, and options.
• Optimize pricing strategies in collaboration with liquidity providers to maintain execution quality.
• Maintain a deep understanding of global market trends, economic indicators, and geopolitical events, providing timely insights on their impact on FX markets and client exposure.
• Maintain excellent communication with clients, fostering strong relationships through transparency, responsiveness, and proactive engagement in FX risk management strategies.
• Provide exceptional level of client service, ensuring prompt responses to inquiries and the highest standards of execution and risk management support.
• Work closely with other departments to ensure smooth end-to-end execution and operations, such as monitoring client dealing activity, approving new client credit facilities, ensuring strong risk mitigation and management strategies, amongst others.

Key Skills & Experience Required

• Proven experience working at a senior level withing a commercial environment and in a regulated investment firm;
• Strong track record working in FX options dealing, proving market expertise;
• Able to demonstrate a clear understanding of risk management and compliance within a regulated environment;
• Demonstrate strong strategic and innovative thinking in structuring client solutions;
• Strong knowledge of the regulatory environment in which an FX firm operates;
• Excellent leadership skills, proving to lead by example, anticipating issues and risks, and building credibility in dealing with clients and colleagues in complex and multicultural environments;
• Able to demonstrate a clear understanding of risk management and compliance within a regulated environment;
• Extensive knowledge of FX MiFID products.

Systems / Knowledge Skills

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

Languages

• High standard of oral & written English is mandatory
• Fluency in other European languages (e.g. Spanish, Dutch, French, Luxembourgish etc.) is desirable