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 elevate 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 elevate 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 elevate