Business Development Associate-1 at Monex USA | Toronto, CAN | Rezi

Business Development Associate-1 at Monex USA

Business Development Associate-1

Monex USA · Toronto, CAN

Yesterday

Business Development Associate-1

Monex USA · Toronto, CAN

2 days ago
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About the Role

The Business Development Analyst will drive new business growth in the Canadian market by identifying and onboarding corporate and institutional clients. This role focuses on building long-term relationships through high-volume outbound sales, while ensuring strict adherence to compliance, risk management, and client due diligence standards.

Responsibilities

  • Conduct research to identify and target potential clients for new business opportunities.
  • Perform high volume outbound sales calls (80 dials/day) with a minimum of 90 minutes talk time per day.
  • Generate a minimum of 16 qualified opportunities per month.
  • Build and maintain relationships with key decision-makers through various outreach methods.
  • Present and promote the company's foreign exchange products and services to potential clients.
  • Collaborate with internal teams to develop and execute comprehensive sales strategies.
  • Monitor market conditions, competitor activities, and regulatory changes.
  • Provide regular sales reports and updates to management, including pipeline analysis and revenue forecasts.
  • Continuously update knowledge of the foreign exchange market and industry best practices.
  • Maintain current market knowledge by reading financial press and attending webinars.
  • Maintain accurate pipeline and forecast.
  • Meet set sales targets/KPIs on a weekly, monthly, quarterly, and annual basis.
  • Keep accurate records and client interaction notes in the Company database FXDB, in line with PIPEDA requirements.
  • Diligently assess client needs and expectations.
  • Ensure thorough research and analysis of client requirements for optimal service.
  • Verify the authenticity and legitimacy of clients to safeguard against fraudulent entities.
  • Work effectively with Financial Crime and Regulatory Compliance teams to complete client onboarding.
  • Ensure adequate knowledge of the client (KYC) to deliver appropriate products and services.
  • Liaise with Risk and Traders regarding margin facilities.
  • Engage with clients with integrity, ensuring high service standards and adherence to Monex policies.
  • Understand and adhere to Monex's complaints procedure, escalating where necessary.
  • Identify and appropriately manage conflicts of interest.
  • Undertake the role as first-line defence with diligence.
  • Ensure adherence with Monex's Anti-Money Laundering/Anti-Terrorist Financing (AML/ATF) compliance framework and other applicable Canadian regulatory principles.

Requirements

  • Proven experience in a B2B sales, business development, or account management role, ideally within financial services or FX.
  • Strong outbound sales track record with the ability to consistently meet call volume, talk time, and pipeline targets.
  • Excellent relationship-building, negotiation, and presentation skills.
  • Strong attention to detail, particularly with client onboarding, KYC, and record-keeping requirements.
  • Ability to work collaboratively with sales, compliance, risk, and trading teams.
  • High level of integrity and sound judgment when managing conflicts of interest and regulatory obligations.
  • Act in accordance with the Monex Code of Conduct, Employee Handbook, and related policies.
  • Compliance with PIPEDA and applicable Canadian regulatory requirements for all client and employee data.

Skills

  • Sales
  • Business Development
  • Account Management
  • Relationship Building
  • Negotiation
  • Presentation
  • Attention to Detail
  • Client Onboarding
  • KYC
  • Record-keeping
  • Collaboration
  • Integrity
  • Judgment
  • Conflict Management
  • Regulatory Compliance
  • Microsoft Office (Excel, Word, Outlook)
  • CRM/database systems

Location

  • Toronto

Work Type

  • Full-time

Experience Level

  • Not specified

Education Level

  • Not specified

Salary/Compensations

  • Competitive base salary plus commission structure

Benefits

  • Comprehensive benefits package including health, dental, and vision coverage
  • Career development opportunities
  • Ongoing training and professional development opportunities

About the Company

  • Monex is a leading global financial solutions provider offering tools to support business growth and strategic financial operations.
  • Specializes in FX risk management and international payments, helping corporate and institutional clients navigate currency volatility.
  • Facilitated $198 billion in FX turnover and managed $16.1 billion in assets in 2025.
  • Has offices across North America, Asia, and Europe, serving over 70,000 clients worldwide.
  • Combines global reach with deep local market expertise to enhance businesses with financial solutions and FX market analysis.

Equal Opportunity

  • Not specified