Assistant Trader

3 weeks ago


Dubai, Dubai, United Arab Emirates AL Rostamani Group LLC Full time
Job Title: Assistant Dealer

We are seeking a highly skilled and experienced Assistant Dealer to join our team at AL Rostamani Group LLC. The successful candidate will be responsible for monitoring the FX market movements and covering positions with banks to achieve optimal margins.

Key Responsibilities:
  • Market Monitoring: Continuously monitor the FX market movements and trends to identify opportunities and risks.
  • Position Coverage: Cover positions with banks to ensure optimal margins and minimize losses.
  • Funding and Remittance: Fund NOSTRO accounts and process remittances to ensure timely and accurate transactions.
  • Accounting and Reporting: Ensure accurate accounting and reporting of all deals taken.
  • USD Requirements: Process USD requirements and buying from local banks to meet business needs.
  • Bank Remittance: Submit bank remittance forms to local banks to facilitate smooth transactions.
  • CORRESPONDENT BANK RELATIONS: Resolve all issues with correspondent banks relating to funding and ensure smooth transactions.
  • MCY Transactions: Settle MCY transactions to ensure timely and accurate payments.
  • Branch Support: Provide support to branches to ensure seamless operations.
  • Business and Sales Team Collaboration: Work closely with the business and sales teams to achieve business targets and objectives.
  • Market Information and Trends: Analyze market information and trends to devise strategies and provide pricing recommendations to the business and sales teams.
Qualifications:
  • Education: Graduate with a professional qualification from a reputable institution, preferably in Accounting or Management.
Experience:
  • Work Experience: Minimum 3 years of work experience in a related field.
  • FX Market Knowledge: Good knowledge of the FX market in various currencies.

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