Position Purpose

The Senior Banknote Dealer is responsible for the commercial management of current-issue circulating and legacy but tradable banknotes , with a strong emphasis on FX-linked pricing, inventory risk, and hedging strategies . The role combines physical banknote trading expertise with treasury-style risk management , ensuring profitability and capital protection across multi-currency positions. The position requires advanced knowledge of banknote markets, FX markets, spreads, liquidity, and counterparty risk , and close coordination with treasury, compliance, and operations teams.

Responsibilities

• Trade high volumes of banknotes across major and emerging-market currencies.
• Manage bid/offer spreads for wholesale and institutional clients.
• Source notes from central banks, commercial banks, exchange houses, and international counterparties.
• Optimise inventory turnover while balan...