Dealer - Foreign Exchange

Exceed Consulting
  • Kuwait-Other
  • 10-15 lakh
  • 3-5 years
  • 548 Views
  • 29 Jul 2015
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  • Trading

  • Financial Services/ Capital Markets
Job Description

The ideal candidate needs to be an MBA from a reputed institute .

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.


Competencies/Skill sets for this job

Foreign Exchange Forex Transactions Deal Corporate Deals Vouchers

Job Posted By

About Organisation

Exceed Consulting