JOB PURPOSE:
To support in achieving the best possible FOREX exchange profit for the treasury & bank while minimizing risk exposure so that all FX exposure are covered efficiently and assisting to manage the Money Market book, through effective reserve management while minimizing Liquidity risk..
Key Responsibilities:
1. Market Analysis: Continuously monitoring and analyzing the foreign exchange markets to identify trends, opportunities, and risks.
2. Execution of Trades Executing buy and sell orders for currencies on behalf of clients or the bank, ensuring that trades are carried out efficiently and at the best possible prices.
3. Risk Management Developing and implementing strategies to manage risk exposure associated with currency fluctuations, including the use of hedging techniques.
4. Client Relationship Management: Building and maintaining strong relationships with clients, understanding their needs, and providing guidance on various FX products and services.
5. Compliance and Regulation: Ensuring all trading activities comply with relevant regulations and internal policies, including proper documentation and reporting.
6. Collaboration: Working closely with other departments, such as sales, risk, and compliance, to ensure a cohesive approach to FX trading and client service.
7. Product Knowledge: Staying informed about new FX products and services, as well as developments in the broader financial markets that could affect FX trading.
8. Training and Development: Participating in training programs to enhance trading skills and knowledge of market dynamics and trading technologies.
Key Skills:
Attention to Detail: Precision in executing trades and maintaining accurate records to prevent costly errors.
Communication Skills: Strong verbal and written communication skills for interacting with clients, colleagues, and stakeholders effectively.
Negotiation Skills: Ability to negotiate deals and terms with clients and counterparties to achieve the best outcomes.
Decision-Making Abilities: Quick and effective decision-making skills, especially in high-pressure situations when market conditions change rapidly.
Systems: Reuters & Bloomberg
Minimum Qualifications:
Graduate in Finance / Banking / Business / Commercial.
Minimum Experience:
2 – 3 years in dealing room.
Language Skills:
Good communication skills both oral and written in English (Arabic is an advantage)
Computer/System/ Software Skills
Familiarity with Reuters dealing & information System
MS Office.