Junior FX / CFD Execution Trader
4 days ago
City of London
About the Company EC Markets is a regulated FX and CFD brokerage providing execution services across global markets. As the firm scales its client base, product set, and regulatory footprint, the Dealing function plays a critical role in execution quality, market risk management, and conduct outcomes. EC Markets is strengthening its Dealing Desk structure to ensure consistent execution standards, robust risk oversight, and clear progression for high-performing dealers. About the Role The Dealer will take day-to-day responsibility for the execution, monitoring, and risk management of FX and CFD client activity, operating within defined risk, pricing, and governance frameworks. The role is designed to develop into a Senior Dealer position, with increased ownership of desk risk, hedging strategy, liquidity management, and regulatory engagement, and potential progression to Head of Dealing, subject to performance and business growth. Responsibilities Dealing & Execution Ownership • Execute FX and CFD trades across approved asset classes in line with best execution obligations under MiFID II., • Monitor live client positions, margin utilisation, and execution quality in real time., • Support and increasingly take ownership of A-Book / B-Book flow management in line with approved risk appetite., • Conduct pricing checks, spread monitoring, and execution quality reviews to ensure fair client outcomes. Market Risk & Exposure Management • Monitor market risk, client exposure, and desk P&L within approved limits., • Escalate abnormal trading behaviour, market dislocations, or system issues in accordance with internal procedures., • Assist in the design and execution of hedging strategies and liquidity management., • Identify and escalate potential market abuse, suspicious trading patterns, or conduct risk indicators. Operational & Platform Oversight • Ensure accurate trade booking, reconciliation, and end-of-day controls., • Produce and review daily dealing and exposure reports., • Liaise with Liquidity Providers, technology vendors, and internal stakeholders (IT, Risk, Operations)., • Support oversight of trading platforms, bridges, and OMS environments. Compliance, Conduct & Governance Operate in full compliance with FCA requirements, including: • Best Execution, • Market Conduct, • Product Governance, • Client Categorisation, • Maintain clear audit trails, documentation, and evidence to support internal and external reviews., • Support Compliance, Risk, and Audit functions with regulatory requests and investigations., • Act in accordance with SM&CR conduct rules and EC Markets’ conduct risk framework. People, Development & Desk Maturity • Contribute to a disciplined, professional dealing desk culture., • Support training and development of junior dealers as appropriate., • Drive continuous improvement in execution quality, risk controls, and desk processes. Progression to Senior Dealer / Head of Dealing Subject to performance, the role is expected to expand to include: • Ownership of desk-level risk limits and hedging strategy, • Oversight of liquidity provider relationships and execution models, • Contribution to product governance and execution policy design, • Senior engagement with Compliance, Risk, and regulators where required, • Leadership of the Dealing function as the firm scales Essential Requirements • Experience in an FX, CFD, or brokerage dealing environment., • Strong understanding of execution models, spreads, slippage, and liquidity., • High numerical accuracy and ability to operate under pressure., • Sound understanding of FCA conduct requirements and client outcomes., • Eligible for FCA Certification under SM&CR (Certified Function). Desirable • 2–5 years’ experience in a trading, dealing, or brokerage environment, • Experience with MT4, trading bridges, OMS, and risk management systems., • Understanding of A-Book / B-Book models and hedging mechanics., • Experience working with Liquidity Providers and pricing feeds., • SQL or advanced data analysis skills for execution and risk reporting.
