A foreign exchange, or FX, dealer invests a corporations funds on currencies markets with a profit motive or as part of a risk management (hedging) strategy. An FX dealer applies quantitative methods, such as VaR (value at risk) and Monte Carlo simulation, to manage financial risks inherent in a firms foreign currency portfolios.
– Develop strategies for building relationships with experienced corporate clients.
– Manage all elements of a client portfolio
– Manage the complete sales cycle process to ensure maximum productivity and completion of sales/pipeline reports and competitor information
– Communicate customer requirements, sales, and lead information with the trading team and management
– Adhere to the Compliance and Anti-Money Laundering procedures, as well as all company policies
– Proficiency in derivative instrument pricing and sells
– Experience managing a portfolio of clients
– Extensive knowledge of client exposures at a corporate level; balance sheet hedging experience is a must
– Knowledge of IFRS, GAAP and how it relates to Foreign Exchange
– Bachelor’s degree
– Proficient in Microsoft Office.
– Need to pass a financial and criminal background check
The foreign exchange market operates continuously from Sunday night through Friday afternoon. Accordingly, an FX dealers work schedule depends on their shift and the securities in which she engages. For example, a New York-based FX dealer who trades Asian currencies works late nights or early mornings.
- Job Location
- Al Kuwait, Kuwait
- Company Industry
- Investment, Securities & Funds
- Company Type
- Employer (Private Sector)
- Job Role
- Finance and Investment
- Employment Type
- Full Time Employee
- Monthly Salary Range
- Number of Vacancies
- Career Level
- Mid Career
- Years of Experience
- Min: 3
- Bachelor’s degree / higher diploma