Sr Dealer - Foreign Exchange FX

Exceed Consulting
  • Kuwait City
  • Confidential
  • 3-5 years
  • 495 Views
  • 08 Jul 2015
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  • Treasury

  • Financial Services/ Capital Markets, Banking - Corporate
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 Currency Exchange

Job Posted By

About Organisation

Exceed Consulting