Assistant Forex Dealer – Reference SSAFD

Job Description

Duties & Responsibilities :

CORE PURPOSE OF THE JOB

Responsible for assisting with monitoring and analyzing the exchange rate movements and identifying any factors that might affect the exchange rates to ensure optimal market pricing to the clients and avoid any risk to the Bank whilst adhering to the industry regulatory requirements as well as the bank’s policies and procedures.

MAIN FUNCTIONS OF THE JOB

Forex Dealings

Interprets market expectations on the various currency movements that could influence the rates.
Ensures that competitive and accurate pricing of forex products is offered to clients.
Ensures that adequate profit margins are taken for the Bank.
Ensures that no open positions exist at the back end of the trading end and that all deals are captured on the Bank’s SharePoint system.
Attends to the daily control of exchange rate movements as well as all those factors that might affect exchange rates.
Attends to the pricing of outwards and inward payments as per the client requirements.
Deals directly in Forex with the local banks within the Bank’s authorized limits, by obtaining the best possible pricing to maximize returns to the Bank.
Interprets market expectations on the various currency movements that could have an influence on rates.
Offers competitive and accurate pricing of forex products on offer.
Ensures excellent levels of service rendered to clients.

Desired Experience & Qualification :

PREFERRED EXPERIENCE

A minimum of 3-5 years experience in the Forex Trading environment.
QUALIFICATIONS
A BCom / Business Economics degree will be required to meet the requirements of the role.

KNOWLEDGE

Adequate knowledge of Foreign Exchange products.
Good Quantitative and Analytic skills
Understanding of Economic Fundamentals
Microsoft Office
Online payment platforms – BI Online