In this role you will manage the commercial lifecycle of banknotes across multi-currency markets, combining market-driven trading with treasury-style risk controls. You will work closely with treasury, compliance, and operations to optimize profitability and capital protection. You’ll price notes using FX, forwards, and market premiums while designing hedges to manage currency risk. This position offers a chance to shape banknote liquidity strategies in a global, fast-paced environment.
Responsibilities
Trade large volumes of banknotes across major and emerging currencies
Manage bid/offer spreads for wholesale and institutional clients
Source banknotes from central banks, commercial banks, exchange houses and international counterparties
Optimize inventory turnover while balancing availability and carry costs
Price banknotes dynamically using spot FX, forwards and market premiums
Actively manage FX exposure from physical inventories
Design and execute hedging strategies using FX spot/forwards, swaps and rolling hedges
Monitor open currency positions and Value at Risk (VaR)
Collaborate with Treasury to align hedges with FX policy
Assess basis risk between physical banknote pricing and interbank FX markets
Key requirements
Extensive experience in banknote trading, FX trading, or treasury functions
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