Execution Associate
Not Disclosed•Full-TimeHybrid
location_onPlanifyr
About MillTech
MillTech provides advanced FX Hedging and Cash Investment solutions designed to increase market access, reduce costs, and automate manual workflows. Since its inception in 2020, the platform has grown to support over $500bn in annual FX volume and over $35bn in client programs, earning the trust of some of the world's largest institutions.
Headquartered in London, the world's largest FX hub, MillTech serves clients across the UK, US, Canada, and several European nations. The company is authorized and regulated by the UK's Financial Conduct Authority and registered with the USA's National Futures Association. In 2026, MillTech announced a $60m minority investment from Apax Partners, valuing the company at $325m. As part of our next phase of growth, we are opening a new office in New York City this year.
The Opportunity
Reporting directly to the Chief Trading Officer, the Execution Trader will play a pivotal role in the oversight and execution of foreign exchange and money market products. This position is designed for an individual who takes initiative, brings new ideas to the table, and is dedicated to refining their knowledge of diverse products and trade workflows.
You will work closely with internal teams to ensure best execution by monitoring market liquidity, pricing, spreads, and counterparty performance. The role involves providing updates on market liquidity and macro themes, performing daily transaction cost analysis (TCA) to identify improvement opportunities, and assisting in the creation of reports regarding best execution and execution analytics. A key part of the day-to-day involves communicating with electronic and voice sales and traders across a growing panel of FX liquidity providers, with a specific focus on building and growing relationships with US desks.
How to Apply
At MillTech, we believe that diversity and inclusion are essential for fostering innovation and building a strong, supportive work environment. We are committed to embedding the best equality and diversity practices into all our activities, making us an inclusive, welcoming, and exciting place to work. We welcome candidates from all backgrounds and experiences.
If you believe you are a good fit for this role, please upload your CV. One of our team members will be in touch to discuss the next steps.
Work location
Work model: Hybrid
Planifyr
Key Responsibilities
- check_circleEnsure compliance with internal policies and regulatory requirements
- check_circleMonitor market liquidity, pricing, spreads, and counterparty performance to ensure best execution
- check_circleProvide updates on market liquidity and macro themes
- check_circleBuild and grow relationships with liquidity providers, especially US desks
- check_circleCommunicate with electronic and voice sales and traders at FX liquidity provider panels
- check_circleOversee and execute foreign exchange and money market products on a continuous basis
- check_circlePerform and review daily transaction cost analysis to identify execution improvements
- check_circleResearch execution topics to validate or reject themes for operational efficiency and new products
- check_circleAssist in creating reports on best execution, marketing, execution analytics, and TCA
Requirements
- verifiedNew York City based
- verifiedMinimum 5+ years' experience in a buy-side FX trade execution function
- verifiedStrong knowledge of FX market trading and liquidity dynamics around OTC FX Spot, Forwards and NDF's
- verifiedInvestment Management Certificate, relevant US regulatory registrations (e.g. FINRA Series 7/63 and/or NFA Series 3)
- verifiedAn understanding of OMS functionality
- verifiedAn understanding of EMS functionalities (preferably FX Connect & BidFX)
- verifiedFamiliarity with TCA
- verifiedExperienced user of Bloomberg
Nice to Have
Experience with EMS functionalities, preferably FX Connect & BidFX.
Benefits & Perks
check_circle25 days paid annual leave plus an additional day per year of servicecheck_circleFlexible working arrangements including remote workingcheck_circleHealthcare coverage
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Frequently asked questions about Execution Associate at MillTech
What does a Execution Associate at MillTech do?expand_more
A Execution Associate at MillTech is responsible for the following: Ensure compliance with internal policies and regulatory requirements; Monitor market liquidity, pricing, spreads, and counterparty performance to ensure best execution; Provide updates on market liquidity and macro themes; and Build and grow relationships with liquidity providers, especially US desks.
What are the requirements for this Execution Associate role?expand_more
MillTech is looking for candidates who meet the following 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; and An understanding of EMS functionalities (preferably FX Connect & BidFX).
Where is the Execution Associate role at MillTech located?expand_more
Execution Associate at MillTech is based in Planifyr. This is a hybrid role.
Is this Execution Associate job remote, hybrid, or on-site?expand_more
MillTech has listed this Execution Associate role as hybrid.
How much experience is required for this Execution Associate role?expand_more
Execution Associate at MillTech typically requires 5+ years of relevant experience at the senior level.
What skills do you need for the Execution Associate role at MillTech?expand_more
Key skills for Execution Associate at MillTech include FX Trade Execution; Otc FX Spot; Forwards; NDF; Oms; Ems; FX Connect; and Bidfx.
What category does the Execution Associate role belong to?expand_more
Execution Associate at MillTech is part of the accounting & finance job category on Recrutus.
About MillTech
MillTech operates within the financial services industry, delivering advanced foreign exchange and cash management solutions from its headquarters in London, England. The company specializes in increasing market access, lowering operational costs, and automating manual workflows for fund managers, institutional investors, and global corporations. Its core offering centers on an independent risk management and liquidity platform designed to facilitate best execution at scale through a focus on automation, integration, and connectivity.
The firm provides an end-to-end operational workflow that standardizes FX transactions and cash movements while ensuring cost transparency. By centralizing client activities on a highly secure platform, MillTech enhances oversight and control without charging additional fees. Key service capabilities include rapid onboarding, multi-bank best execution, and comprehensive hedging management.
Based in London, the world's largest FX hub, MillTech serves a diverse international client base across the United Kingdom, United States, Canada, Switzerland, Belgium, Denmark, Ireland, Luxembourg, Norway, and Liechtenstein. The organization maintains strict regulatory compliance, holding authorization from the United Kingdom's Financial Conduct Authority under FRN 911636 and registration with the United States National Futures Association.
Browse more roles: All MillTech jobs, accounting & finance jobs on Recrutus.