Oversees and maintains the organizations foreign currency market position.
· Executes foreign currency transactions for clients.
· Establishes local exchange rates for retail customers based on market fluctuations; communicates rates to and directs other staff accordingly.
· Advises international clients on foreign markets and fluctuations.
· Maintains current knowledge and close following of major commodity markets including crude oil, petroleum and natural gas products, agricultural products, and precious metals.
· Recommends products based on international currency and commodity markets.
· Performs other related duties as assigned.
· Examine key industry challenges facing the global financial markets and factors affecting the future of the financial markets industry.
· Examine operational risks from financial market activities and take action to limit financial and reputational losses.
· Explain developments in trading technology and platforms to suggest improvements/solutions for the trade execution.
· Monitor and assess foreign exchange markets to identify trading opportunities and form trading strategies.
· Monitor daily profit, loss and positions in the trading book, and form strategies to manage associated financial risks.
· Trade foreign exchange products and foreign exchange derivatives in the secondary market based on client orders.
· Value foreign exchange products and foreign exchange derivatives to provide bid/offer price quotes to clients.
· Monitoring financial markets and trading activities around the world in order to identify opportunities for profit
· Trading currencies or other financial instruments on behalf of clients or firms, including speculators, investors, and corporations
· Identifying and analyzing market trends using technical analysis and other indicators
· Communicating with clients to provide information about fluctuations in currency prices and other financial information
· Calculating risk exposure to determine whether trades are suitable for clients based on their investment objectives
· Using advanced computer programs to monitor positions and execute trades
· Negotiating with foreign exchange brokers to set prices for trades
· Reporting trading activity to supervisors or using automated trading systems to place orders on behalf of clients or firms
· Identifying opportunities for profit by analyzing economic trends and news events that might affect currency prices
· Prepare reports on financial services and the forex market for users and managers
· Manage the risks of trading on foreign exchange markets while making a profit
· Conduct research on the financial markets
· Analyze market activity and monitor market trends
· Monitor trading activities and transactions of other traders
· Maintain records in accordance with financial regulations
· Maintain and develop relationships with clients
Job Type: Full-time
Ability to commute/relocate:
- Dubai: Reliably commute or planning to relocate before starting work (Required)
Education:
- Bachelor's (Preferred)
Experience:
- Forex Dealing in Exchange House: 3 years (Preferred)
