Fx Dealer

6 days ago

Singapore MOOLAHGO PTE. LTD. Full time

**Moolahgo is one of Asia's leading Fintech in the digital payments industry specializing in multi-currencies products. A much sought-after vacancy is now available at our FX dealing desk. If you feel you have what it takes for this role, we are very keen to hear from you.**:
**FX Rates Aggregation and Distribution**:

- Obtain latest FX rates from banks, agents and partners
- Closely monitor market developments and fx movements during trading hours and update sell rates accordingly
- Distribute rates to partners

**Counterparty Management**:

- Identify new agents/partners to trade fx
- Perform due diligence on prospective agents/partners prior to proposing to management for confirmation

**FX Trading**:

- Constantly monitor any open positions and cover-off naked positions without delay to avoid losses
- Liaise closely with sales teams, banks and/or agents/partners on payment issues
- Quote fx rates to sales teams and customers and provide updates to fx movements promptly

**Trade Reconciliations & Settlement**:

- Complete trade blotters on time for every trade completed
- Perform end-of-day trade reconciliations, ensure all positions are reconciled accurately
- Ensure payments to counterparties are completed on time to avoid buy-ins
- Monitor incoming payments from counterparties to ensure currencies are received on time
- Monitor beneficiary pay-outs statuses and ensure partners/agents complete pay-outs on time as per agreed
- Reconcile pay-outs with client trades to ensure accuracy

**Product Development & Sales promotion**:

- Independently formulate new sales ideas
- Work with sales and marketing teams to implement sales ideas
- Engaged with product teams and involve in projects to support the overall development of company’s digital payments services

**Other tasks as may be assigned from time to time.**

**Depending on Experience, a Senior position is also available at higher salary.

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