Job Title:                   Foreign Exchange Dealer - USA

Industry:                    Banking

Location:                      New York, USA

FLSA Status:              Exempt

Salary:                       $125,000 to $140,000

 

Required FX Dealing Experience:            7-12 Years

 

Job Purpose:

The Foreign Exchange Dealer is a member of the Treasury dealing room and a frontline sales officer. S/he reports to the Treasurer and is responsible for purchase and sales of currencies to fulfil customer orders. The incumbent of this position shall be responsible for adhering to the provisions stated in the Employee Accountability Policy Statement.

 

Essential Functions & Accountabilities

Accountable for job performance actions, which includes decision(s) impacting position responsibilities conforming to the bank’s risk appetite and tolerance levels as articulated in the bank's Risk Appetite & Tolerance Framework, mitigating violations or breaches to the bank’s risk appetite in the exercise of their empowerment and the achievement of desired job performance outcomes as directed by Management. Complies with all the bank’s legal and regulatory requirements, complies with internal policies and procedures, adheres to the Bank’s Code of Conduct, attends regular periodic training on core Bank policies, and reports any known or suspected violations of the Code of Conduct, policies, and procedures to the bank management. Development of fixed income products that align with the bank’s risk appetite and maintenance of a profitable fixed income portfolio Development of repo and reverse repo products and engagement in repo activities as required to meet bank needs. Proactively solicits existing and prospective customers and counterparties to develop new treasury management business, fosters Bank name recognition. Manages and executes trades in the foreign exchange market, identifying opportunities and managing risks while making profits. Analyze market data, monitor trends, and execute trades based on client orders and market conditions. Prepares sales presentations, explains services offered to clients, cultivates and manage client and counterparty relationships and recommends services which would benefit clients. Identifies opportunities to cross-sell other products and services. Meets or exceeds key sales and revenue objectives and goals. Contributes to the design and implementation of treasury management products and services. Performs product research to develop appropriate solutions to customer requirements as well as the bank’s investment and funding requirements Researches and secures premium rates in which to invest and which maximizes interest income; maintains money market relationships with banks, brokers and dealers. Maintains compliance with regulatory guidelines as well as established Group and Parent Company guidelines. Researches and prepares periodic market updates for dissemination to management and clients.

Specific duties and responsibilities may vary based upon departmental and Institutional needs. Other duties may be assigned like the above and consistent with the knowledge, skills and abilities required for the position.

 

Job Requirements:

Bachelor’s degree with a concentration in Mathematics, Economics, Finance, or Engineering. Minimum of ten (10) years of treasury sales experience. Minimum of five years’ experience in FX Sales and Trading. Competence in Emerging markets currencies. Strong analytical skills Knowledge of Bloomberg, Reuters and 360T. Proficiency in Microsoft Office Strong listening, verbal, written and business communications skills. Ability to work independently, under limited direction/supervision, exercising independent judgment, referencing available resources, and demonstrating a high level of accuracy and attention to detail.