Job
Description
A Forex Officer's job description generally revolves around managing foreign exchange transactions, advising clients on currency risks, and ensuring compliance with regulations. They might also be responsible for building relationships with clients and acquiring new business. Key Responsibilities: Executing and managing foreign currency trades: This includes buying and selling currencies on behalf of clients or for the bank's own portfolio. Providing financial advice: Forex Officers advise clients on managing currency risk, including hedging strategies and currency conversion. Building and maintaining client relationships: This involves understanding client needs, providing solutions, and building trust through regular communication and follow-up. Ensuring compliance: Forex Officers must adhere to all applicable regulations and guidelines, including anti-money laundering (AML) regulations and internal policies. Acquiring new business: This might involve identifying and approaching potential clients, making presentations, and closing deals. Monitoring market trends: Forex Officers need to stay updated on market conditions, economic indicators, and other factors that can impact currency exchange rates. Generating reports: They may be responsible for preparing reports on trading activities, client accounts, and other financial data. Specific Tasks: Managing Trade Finance Operations: This includes handling import and export transactions, processing trade finance documents, and ensuring smooth and flawless operations. Currency Hedging: Providing solutions for clients to mitigate the risk of currency fluctuations, often through forward contracts or other hedging instruments. Managing Relationships with Business Banking Customers: Focusing on acquiring new Trade Finance and Forex clients, and activating existing clients to start their transactions. Advising on Forex products and services: Providing advice on products like travel cards, remittances, and bank notes. Ensuring compliance with regulations: Adhering to internal and external guidelines on trade finance activities and other regulations. Skills and Qualifications: Strong understanding of foreign exchange markets: This includes knowledge of currency pairs, exchange rates, and factors that influence them. Analytical skills: The ability to analyze market trends, assess risk, and make informed trading decisions. Communication and interpersonal skills: The ability to effectively communicate with clients, build relationships, and negotiate deals. Compliance knowledge: Familiarity with relevant regulations and guidelines, such as AML regulations and trade finance regulations. Problem-solving skills: The ability to identify and resolve issues related to trading, client accounts, and other operations. Job Types: Full-time, Permanent Pay: ₹20,000.00 - ₹45,000.00 per month Benefits: Health insurance Provident Fund Schedule: Day shift Morning shift Ability to commute/relocate: Kannur, Kerala: Reliably commute or planning to relocate before starting work (Preferred) Experience: Forex: 1 year (Preferred) Location: Kannur, Kerala (Preferred) Work Location: In person
