Senior Foreign Exchange

Senior Foreign Exchange FX Dealer

Please find the below requirement details

Job title : Senior Foreign Exchange FX Dealer

Qualification : Bachelor Degree holder in Finance/Economics or equivalent. FX Trade or Administration or holder of banking Diploma

Major duties :

- List the most significant duties of this position in order of importance. If job description is available, please attach a copy.

Role Objective :

- To manage Company's inter-bank foreign exchange transactions to cover Foreign Currency Exposure of the Company..

Duties and Responsibilities :

- Monitor the Interbank-FX Market and fix daily rates for currency buying and selling and Communicate rates to all Branches of the Company and update the rates according to Forex Market.

- Provide special rates to Branches to attract VIP customers

- Obtain Transaction reports from all Branches from time to time and determine the Company's exposure in various currencies and trade in the Inter-bank market to ensure all positions are covered.

- Maximize the profit from Currency trading.

- Manage Company's Foreign Currency Notes sales and purchases.

- Establish and maintain good relations with Local and Foreign Banks for covering FX exposure.

- Establish and Monitor Nostro accounts of the Company and ensure all accounts are adequate covered.

- Ensure accurate and complete deal capture by all the branches and maintain Currency blotter.

- Establish and maintain professional relationships with Corporate and Individual VIP Customers

- Ensure all transactions are within the scope of the Company's approved policies and procedures and transactions are within the spread limits specified by the Management.

- Follow up any changes of rates on Reuters monitor for updating our system.

- Update the rates over our company Reuters page.

- Review and sign the deals, ITO, and inward transfers vouchers before the final approval.

- Look after any received memo from reconciliation department in case of any discrepancy took place with local or international correspondents and do the investigations need followed by contacting the bank to do the correction

Qualifications, Skill, Knowledge and Experience :

Educational Qualifications :

- Bachelor Degree in Finance/Economics or equivalent

Experience :

- 3 -10 years experience in FX trading

Skills :

- Decision making

- Results Orientation

- Analytical Ability

- Strategic thinking

Preetam.C
Senior Recruiter
Floret Consulting