Currency Market Specialist
5 days ago
MOOLAHGO PTE. LTD. is a leading company in the financial sector, providing innovative solutions for currency exchange and trade management.
Salary
The estimated salary for this position is SGD $80,000 - $120,000 per annum, depending on experience and qualifications.
Job Description
Currency Rates Aggregation and Distribution
We are seeking a highly skilled Currency Market Specialist to join our team. In this role, you will be responsible for obtaining the latest FX rates from banks, agents, and partners, monitoring market developments and FX movements during trading hours, and updating sell rates accordingly. You will also distribute rates to ensure timely and accurate information across the organization.
Counterparty Management
You will identify new agents/partners to trade FX, perform due diligence on prospective agents/partners prior to proposing to management for confirmation, and liaise closely with sales teams, banks, and/or agents/partners on payment issues.
FX Trading
As a Currency Market Specialist, you will constantly monitor any open positions and risks, quote FX rates to sales teams and customers, and provide updates to FX movements promptly.
Trade Reconciliations & Settlement
You will complete trade blotters accurately and timely, perform end-of-day trade reconciliations, ensure all positions are reconciled accurately, and ensure payments to counterparties are completed without delay. Additionally, you will monitor incoming payments from counterparties to ensure currencies are received on time, reconcile pay-outs with client trades to ensure accuracy, and engage with product teams and involve in projects to support the overall development of our digital payments services.
Product Development & Sales
You will work with sales and marketing teams to implement sales ideas, generate trading revenues to achieve or exceed targets, and engage with product teams and involve in projects to support the overall development of our digital payments services.
Other tasks may be assigned from time to time.
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