About the role
FX Dealer responsible for executing client FX voice trades, managing risk, and ensuring compliance. Requires regulatory certifications and experience in OTC FX trading.
BankingOnsite
Key Responsibilities
- Execute client FX voice trades (spot and swaps) accurately and promptly, in full compliance with regulatory requirements, internal policies, and established risk frameworks.
- Provide competitive FX pricing and manage execution quality while actively monitoring market conditions and liquidity to minimize execution and market risk.
- Manage day-to-day FX trading risk, including monitoring positions, exposures, limits, and profit and loss, and escalating issues in accordance with internal policies.
- Monitor, manage, and maintain clients' margin requirements, ensuring timely margin calls and adherence to margin maintenance standards to mitigate credit exposure.
- Utilize approved FX trading, pricing, and order management systems, including FIX-enabled platforms, to execute trades, manage risk positions, and ensure accurate trade capture.
- Perform end-of-shift and end-of-day reconciliations, reporting, and control checks to ensure accurate trade records, position reporting, and risk assessments.
Requirements
- Relevant experience in FX trading or execution support within an OTC FX or margin FX environment.
- Solid understanding of FX spot and swap products, margin trading mechanics, and OTC FX risk management principles.
- Good working knowledge of prime-of-prime brokerage models, including liquidity aggregation, hedging flows, margining, and trade routing concepts.
- Familiarity with FIX connectivity for FX trading, including order routing, execution reporting, and first-level troubleshooting of trade flow issues.
- Understanding of the FX trade lifecycle, including execution, confirmation, margining, hedging, and settlement processes.
- Mandatory regulatory certifications: RES5, CM-SIP, and RES2B.