Options Control Analyst

Monex USA • Toronto, ON

39d • Onsite

About The Position

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.

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

Nice To Haves

• 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

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

Benefits

• Competitive base salary
• Comprehensive benefits package including health, dental, and vision coverage
• Career development opportunities within a global financial organization and its global treasury and derivatives operations function
• A collaborative, fast-paced operations environment
• Ongoing training and professional development opportunities

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level