Back Office Executive- Forex

2 weeks ago


Dubai, United Arab Emirates FXBX Full time

A back office executive in the context of forex (foreign exchange) typically handles administrative and operational tasks related to the forex trading activities of a financial institution or brokerage firm. Their responsibilities may include:

- **Trade Processing**: Executing trades and ensuring timely and accurate processing of forex transactions, including entering trades into the system and confirming trade details with counterparties, Knowledge of MT5 will be an advantage
- **Documentation**: Maintaining records and documentation related to forex trades, including trade confirmations, settlement instructions, and compliance documentation.
- **Settlement**: Facilitating the settlement of forex trades by coordinating with counterparties, banks, and clearinghouses to ensure timely and accurate delivery of currencies and payment.
- **Risk Management**: Monitoring forex positions and exposures to identify and mitigate potential risks, such as credit risk, market risk, and operational risk.
- **Reporting**: Generating reports on forex trading activities, including trade volumes, P&L (profit and loss), exposure levels, and compliance metrics for internal and regulatory purposes.
- **Customer Support**: Assisting clients with inquiries related to forex trading, account management, and transaction processing.
- **Compliance**: Ensuring compliance with regulatory requirements and internal policies governing forex trading activities, including KYC (Know Your Customer) procedures and anti-money laundering (AML) regulations.
- **Communication**: Coordinating with internal departments such as front office trading desks, risk management, finance, and compliance to ensure smooth workflow and resolution of issues.

Overall, a back-office executive in forex plays a crucial role in supporting the operational and administrative functions of forex trading activities, contributing to the efficient and compliant operation of the business.

**Salary**: AED3,000.00 - AED4,500.00 per month


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