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About the Role

The Options Control Analyst is responsible for executing critical operational controls for Monex's global structured FX options business. This role ensures accurate capture, validation, reconciliation, and lifecycle management of complex derivative transactions across multiple global entities. It acts as an independent operational control function, providing four-eyes verification for all option transactions in kACE (FENICS), with a focus on structured products. The role involves investigating discrepancies, escalating exceptions, and contributing to operational enhancement initiatives.

Responsibilities

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.
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.
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.
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.
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.
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.

Requirements

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.
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.

Skills

FX products
Structured FX options
Derivatives processing
TARFs
Barrier options
Path-dependent option structures
Trade capture
Reconciliation
Valuation discrepancies
Analytical skills
Problem-solving skills
Attention to detail
Organizational skills
Communication skills
KACE (FENICS)
Derivatives trading and risk management platforms
Mark-to-market reporting
Margin processes
Process improvement
Systems enhancement projects
PIPEDA
Canadian AML/ATF (FINTRAC)
Microsoft Office (Excel, Word, Outlook)

Location

Toronto

Work Type

Full-time

Experience Level

3-5 years

Education Level

Bachelor's degree

Benefits

Competitive base salary
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 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.