Execution Associate

MillTech•New York, NY

16h•Hybrid

About The Position

MillTech provides advanced FX Hedging and Cash Investment solutions to increase market access, reduce costs and automate manual workflows. With a focus on automation, integration and connectivity, we have pioneered an independent risk management and liquidity solution for fund managers, institutions and global corporates, which is purpose-built to deliver best execution at scale. Since its inception in 2020, the MillTech platform has grown to support over $500bn in annual FX volume and over $35bn in client programs and is now trusted by some of the world’s largest institutions. In 2026, MillTech announced a $60m minority investment from the growth equity arm of Apax Partners which valued the company at $325m. As part of our next phase of growth, we will be opening an office in New York City this year. Headquartered in London, the world’s largest FX hub, MillTech provides services to clients in the United Kingdom, United States, Canada, Switzerland, Belgium, Denmark, Ireland, Luxembourg, Norway and Liechtenstein. MillTech is authorised and regulated by the UK’s Financial Conduct Authority (FCA FRN 911636) and registered with the USA’s National Futures Association (NFA). You will report to the Chief Trading Officer and work closely with internal teams as you engage in a range of trade execution tasks. You will be expected to take initiative, bring new ideas and invest your time in refining your knowledge of the various products and trade workflows.

Requirements

New York City based
Minimum 5+ years’ experience in a buy-side FX trade execution function
Strong knowledge of FX market trading and liquidity dynamics around OTC FX Spot, Forwards and NDF’s
Investment Management Certificate, relevant US regulatory registrations (e.g. FINRA Series 7/63 and/or NFA Series 3)
An understanding of OMS functionality
An understanding of EMS functionalities (preferably FX Connect & BidFX)
Excellent analytical skills
Familiarity with TCA
Experienced user of Bloomberg
Excellent attention to detail
Comfortable with all modes of communication and clarity in delivery of message
An enthusiastic interest to learn
Flexibility with regard to varied working patterns
A good collaborative approach

Responsibilities

Play a key role in the oversight and execution of foreign exchange and money market products, on a continuous basis
Ensure compliance with internal policies and regulatory requirements
Ensure best execution by monitoring market liquidity, pricing, spreads, and counterparty performance
Provide updates of market liquidity and macro themes
Perform and review daily transaction cost analysis (TCA) to determine means of improvement to the execution process by highlighting thematic trends
Assist in the creation and evolution of reports pertaining to best execution, marketing, execution analytics and TCA
Research various execution topics for validation or rejection of pertinent themes including: Contributing to projects: Operational efficiencies/risk reduction, New products
Communicate with electronic and voice sales and traders at our growing panel of FX liquidity providers
Build and grow relationships with liquidity providers, especially with US desks