Banknote Trader

Overview

Company Overview:

Connecting clients to markets – and talent to opportunity.

With 5,400+ employees and over 80,000 institutional, commercial, and payments clients, we operate from more than 80 offices spread across six continents. As a Fortune 100, Nasdaq‑listed provider, we connect clients to the global markets – focusing on innovation, human connection, and providing world‑class products and services to all types of investors.

Whether you want to forge a career connecting our retail clients to potential trading opportunities, or ingrain yourself in the world of institutional investing, Stone

X Group is made up of four business segments that offer endless potential for progression and growth.

Position Purpose

The Banknote Trader is responsible for buying, selling, and managing physical foreign currency banknotes, optimising inventory levels, pricing spreads, and mitigating market and operational risk. The role requires close monitoring of FX markets, customer demand, logistics, and regulatory requirements to ensure profitability, liquidity, and compliance.

• Buy and sell physical foreign currency banknotes across major and emerging market currencies
• Set competitive buy/sell rates in line with market movements, funding costs, and risk appetite

• Monitor FX spot markets, interest rates, and geopolitical developments impacting currency demand
• Manage positions to remain within approved trading and exposure limits

• Monitor banknote inventory levels and ensure sufficient liquidity to meet client demand
• Optimise stock rotation to reduce holding casts; shrinkage, and obsolete notes
• Coordinate cast1 flows across multiple currencies and locations

• Execute trades with banks, financial institutions, bureaux de change, and cash wholesalers
• Maintain relationships with key counter parties to ensure competitive pricing and reliable supply
• Support sales teams with pricing, market guidance, and deal structuring

To land this role you will need:

• Degree In Finance, Economics, Business, or a related field (preferred)
• Experience in FX trading, cash management, treasury, or banknote operations
• Knowledge of regulatory requirements relating to cash, AML, and sanctions is desirable
• Commercially minded and results-driven
• Calm under pressure with strong risk awareness
  
  Trustworthy, discreet, and highly professional

Permanent, full-time.