A back office executive in the context of forex (foreign exchange) typically handles administrative and operational tasks related to the forex trading activities of a financial institution or brokerage firm. Their responsibilities may include:
- Trade Processing: Executing trades and ensuring timely and accurate processing of forex transactions, including entering trades into the system and confirming trade details with counterparties, Knowledge of MT5 will be an advantage
Documentation
: Maintaining records and documentation related to forex trades, including trade confirmations, settlement instructions, and compliance documentation.Settlement
: Facilitating the settlement of forex trades by coordinating with counterparties, banks, and clearinghouses to ensure timely and accurate delivery of currencies and payment.Risk Management: Monitoring forex positions and exposures to identify and mitigate potential risks, such as credit risk, market risk, and operational risk.
- Reporting: Generating reports on forex trading activities, including trade volumes, P&L (profit and loss), exposure levels, and compliance metrics for internal and regulatory purposes.
Customer Support
: Assisting clients with inquiries related to forex trading, account management, and transaction processing.Compliance
: Ensuring compliance with regulatory requirements and internal policies governing forex trading activities, including KYC (Know Your Customer) procedures and anti-money laundering (AML) regulations.Communication: Coordinating with internal departments such as front office trading desks, risk management, finance, and compliance to ensure smooth workflow and resolution of issues.
Overall, a back-office executive in forex plays a crucial role in supporting the operational and administrative functions of forex trading activities, contributing to the efficient and compliant operation of the business.
Job Type: Full-time
Pay: AED3,
- 00 - AED4,500.00 per month
