Options Control Analyst

Options Control Analyst | Toronto

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

We specialize 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 2025, Monex facilitated $198 billion in FX turnover and managed $16.1 billion in assets. With offices across North America (Canada, the US, and Mexico), Asia (Singapore), and Europe (the UK, Spain, and the Netherlands), we serve over 70,000 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 optimize efficiency, mitigate currency risk, and protect margins in an increasingly complex financial landscape.

Job Overview

The Options Control Analyst is responsible for executing critical operational controls across Monex's global structured FX options business, ensuring the accurate capture, validation, reconciliation, and lifecycle management of complex derivative transactions across Monex entities in the United States, Canada, Europe, the United Kingdom, and Singapore. This role serves as an independent operational control function within International Operations, acting as a formal four-eyes verification control over all option transactions entered into kACE (FENICS), with particular focus on structured products including Target Redemption Forwards (TARFs), barrier options, and other complex FX option structures. The role is responsible for first-level investigation of trade capture, reconciliation, and valuation discrepancies, ensuring timely identification, escalation, and resolution of exceptions, while enforcing globally consistent trade capture standards across all jurisdictions. In addition to daily control execution, this role plays a key part in operational enhancement initiatives across the options trade lifecycle, including trade capture workflows, client confirmation generation and delivery, mark-to-market reporting, and margin call notification processes.

This position reports directly to the International Head of Operations, with a longer-term reporting path into Treasury Operations leadership and opportunities for broader growth within Monex's global treasury and derivatives operations function.

All staff, including this role, are required to act in accordance with the Monex Code of Conduct as detailed in their contract of employment, the Employee Handbook, and related policies, including compliance with PIPEDA and applicable Canadian regulatory requirements for all client and employee data.

Key Responsibilities

Trade Verification & Structured Product Control

• Perform independent verification of all structured FX option transactions captured within KACE (FENICS) across global Monex entities
• Act as a formal second-level operational control ("four-eyes" review) to validate trade economics, structure details, settlement terms, barrier features, knockout provisions, target redemption mechanics, and related booking attributes
• Independently validate complex option structures including TARFs, barrier options, window structures, and vanilla option strategies; review fixing schedules, strike logic, target redemption parameters, knockout mechanics, notional schedules, and settlement conventions
• Identify and escalate booking discrepancies, trade capture errors, and structural inconsistencies that could impact valuation, confirmations, settlement, or lifecycle event processing
• Escalate structural or economic discrepancies for prompt investigation and resolution

Global Trade Capture Governance

• Enforce consistent trade capture standards and operational procedures across all jurisdictions
• Repair and/or escalate deviations from required standards
• Support the development, maintenance, and enhancement of standardized operating procedures for options trade capture and validation
• Promote operational consistency and control discipline across regional teams

Reconciliation & Valuation Oversight

• Monitor control and reconciliation reports to ensure all externally executed broker trades are accurately represented and matched within internal systems
• Investigate unmatched, missing, delayed, or incorrectly captured trades
• Perform first-level investigation of discrepancies between broker-reported mark-to-market valuations and internally generated valuations
• Identify, investigate, and escalate valuation exceptions outside established tolerance thresholds
• Coordinate with Trading, Treasury, and external counterparties to resolve trade and valuation breaks in a timely manner

Exception Management & Escalation

• Execute timely investigation and escalation of trade capture, reconciliation, and valuation exceptions
• Maintain documentation of operational incidents, root cause analysis, and remediation outcomes
• Support control issue tracking and contribute to operational risk reporting
• Identify recurring control weaknesses and recommend corrective action

Process Improvement & Project Support

• Support strategic initiatives to enhance Monex's options operational control framework
• Contribute to process improvements across: trade capture workflows, client confirmation generation and delivery, mark-to-market reporting, margin call notification processes, and lifecycle event processing and automation
• Participate in testing, implementation, and validation of system enhancements impacting the options lifecycle
• Assist in defining scalable operational controls to support business growth

Cross-Functional Collaboration

• Partner closely with Trading, Treasury, Risk, Finance, and regional Operations teams
• Serve as an operational subject matter resource for options trade capture standards and controls
• Support training and knowledge transfer related to structured options processing and operational best practices
• Facilitate consistent execution of control standards across all Monex jurisdictions

The contents of this job description are not exhaustive. You may also be asked to perform other related duties relevant to the level of your role to meet the ongoing needs of the business.

Required Skills and Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, Accounting, or a related discipline
• 3–5 years of experience in derivatives operations, treasury operations, trade support, middle office, or structured products operations
• Strong understanding of FX products, with direct exposure to structured FX options and derivatives processing
• Hands-on experience with structured products including TARFs, barrier options, and path-dependent option structures
• Experience investigating trade capture, reconciliation, and valuation discrepancies
• Strong analytical and problem-solving skills with exceptional attention to detail
• Ability to interpret complex trade structures and identify discrepancies
• Strong organizational skills with the ability to manage competing priorities in a deadline-driven environment
• Effective written and verbal communication skills

Additional Qualifications

• Experience with KACE (FENICS), or similar derivatives trading and risk management platforms, is highly desirable
• Experience operating within multi-jurisdiction treasury or derivatives environments is an asset
• Familiarity with operational controls supporting mark-to-market reporting and margin processes
• Experience supporting operational process improvement initiatives and systems enhancement projects
• Understanding of structured FX options lifecycle events and downstream operational impacts
• Familiarity with PIPEDA and Canadian AML/ATF (FINTRAC) requirements is an asset
• Proficiency with Microsoft Office (Excel, Word, Outlook) and derivatives trading/risk management systems

Success Measures

Success in this role will be measured by:

• Accuracy and completeness of options trade verification
• Reduction in structured trade booking defects and trade capture discrepancies
• Reduction in TARF-related booking and valuation breaks
• Timeliness of broker-to-internal reconciliation and mark-to-market discrepancy resolution
• Improvement in global adherence to trade capture standards
• Effective delivery of options lifecycle process enhancements
• Contribution to operational scalability, control effectiveness, and risk reduction

What We Offer

• Competitive base salary
• Comprehensive benefits package including health, dental, and vision coverage
• Career development opportunities within a global financial organization and its global treasury and derivatives operations function
• A collaborative, fast-paced operations environment
• Ongoing training and professional development opportunities