Dealer Foreign Exchange Dealer Foreign Exchange …

Westbourne Partners
in Doha, Dawhah, Qatar
Permanent, Full time
Last application, 28 Nov 21
QR Excellent
Westbourne Partners
in Doha, Dawhah, Qatar
Permanent, Full time
Last application, 28 Nov 21
QR Excellent
Posted by:
Abbas Mahmoud • Recruiter
Posted by:
Abbas Mahmoud
Recruiter
You will execute foreign exchange deals on the behalf of customers and the internal units/ departments and conducts back-to-back deals conducted on a timely basis within approved FX limits and permissible currencies. Additionally the incumbent will perform Nostro accounts opening/ closing and maintenance in liaison with other departments and respond to FX request by providing timely and competitive foreign exchange pricing.

Job Title: Dealer Foreign Exchange

Department: Foreign Exchange – Trading – Treasury

Location: Qatar, Doha

About Us: We are one of the largest Banks in the MENA region

Position Overview: You will execute foreign exchange deals on the behalf of customers and the internal units/ departments and conducts back-to-back deals conducted on a timely basis within approved FX limits and permissible currencies. Additionally, you will perform Nostro accounts opening/ closing and maintenance in liaison with other departments and respond to FX request by providing timely and competitive foreign exchange pricing.

Primary Responsibilities:

Complies with approved budgets, policies and procedures in relation to Foreign Exchange operations.

Assists in building and maintaining strong and effective relationships with all other related units to achieve the FX Desk goals/ objectives.

Provides timely and accurate information to the external and internal auditors, the Compliance function and Group Risk as and when required.

Complies with department’s policies and procedures for conducting buy/ sell deals, maintaining/ collating MIS pertaining to profitability/ revenue, and observing compliance with the applicable limits approved by the Board/ its delegated authorities.

Performs Nostro accounts opening, closing and maintenance activities in various FX currencies in liaison with other departments to meet their FX liquidity needs.

Quotes FX prices to clients and banks to inter-bank parties and customers after checking the availability of credit lines for the counterparty within the delegated authority and under guidance of Senior Dealer.

Takes FX trading positions within the delegated authority or as per Senior Dealers instructions.

Assists in providing pricing support for major corporate customers, Group’s departments and branches.

Utilizes Reuters to obtain price support and maintain inter-bank relationships.

Follows up on the timely transaction processing in coordination with Treasury Operations.

Monitors gap positions within the delegated authority and under the guidance of the Senior Dealer FX.

Identifies related areas and professional development of self and others.

Ensures high standards of confidentiality to safeguard commercially sensitive information.

Experience Requirements

Bachelor’s Degree in Business, Finance, Mathematics, or Economics.

Minimum 10 years’ experience in active FX trading, preferably in the Far east.

Good oral and written communication skills in English.

Good knowledge of a range of FX products.

Analytical and problem solving skills.

Good interpersonal skills.

Good MS Office skills (Word, Excel, PowerPoint).

Must be able to work effectively under market pressures whilst maintaining risk control and limit compliance.

Undoubted ethical awareness and conscious of risks being undertaken.

Profit and results driven.

Customer orientation.

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