FX Market Specialist

1 month ago


Dubai, Dubai, United Arab Emirates AL Rostamani Group LLC Full time
Job Description

We are seeking a highly skilled and experienced FX Market Specialist to join our team at AL Rostamani Group LLC.

Key Responsibilities
  • Market Monitoring: Continuously monitor FX market movements and maintain a strong understanding of market trends and fluctuations.
  • Position Covering: Effectively cover positions with banks to secure optimal margins and minimize risks.
  • Nostro Account Management: Manage Nostro accounts to process remittances efficiently and ensure accurate accounting of all deals.
  • USD Requirements: Process USD requirements and purchase from local banks, ensuring timely and cost-effective solutions.
  • Bank Remittance: Submit bank remittance forms to local banks, ensuring compliance with regulatory requirements.
  • Correspondent Bank Liaison: Resolve issues with correspondent banks related to funding and ensure smooth transaction processing.
  • MCY Settlement: Settle MCY transactions efficiently and effectively, minimizing risks and ensuring timely completion.
  • Business Support: Provide comprehensive support to branches, working closely with business and sales teams to achieve business targets.
  • Market Intelligence: Proactively attend and respond to business-related calls from the business and sales team, providing solutions that prioritize customer retention and delight while safeguarding overall business interests.
  • Market Strategies: Develop strategies and provide pricing recommendations to the business and sales team, facilitating better pricing strategies at sale points.
Requirements
  • Qualifications: Graduate with a professional qualification from a reputable institution, preferably in Accounting or Management fields.
  • Experience: Minimum 3 years of work experience in the FX market, with a strong understanding of various currencies and market trends.


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