Senior Trader – Foreign Exchange recruitment

This global Broker is seeking an experienced trader to come on board in their Sydney office. As a Senior FX Sales Trader reporting directly into Head of FX, APAC, you will be responsible for executing Foreign Exchange OTC, Cash, Currency Options and EFP transactions. In addition, keep customers updated on market news and views. This position is primarily focusing on managing the liquidity and managing clients.

Key Responsibilities
•Being able to service customer accounts through both sales trading.
•Have a full understanding of market liquidity depth across all FX products.
•Trade and execute orders on behalf of clients and fully understanding the market risk involved.
•Ascertain the best method for trade execution (spot/forward/EFP). This is accomplished by using information from the electronic trading platforms (EBS, Reuters 3000) and speaking with banks A determination must be then be made by the trader on which bank to execute with and which currency
•Keep abreast of market news as well as keep customers informed of same understanding the impact of such financial news economic data and the impact it will have on the market.
•Manage liquidity with our inter-bank counterparts (decide which banks can handle the volume and which traders will provide the best price).
•Monitor EFP book, spreads between EFP and cash foreign exchange equivalent. This results in PL fix.
•Check and balance customer accounts.
•Trade input.
•Reconcile trade sheets at end of shift.
•Entertain clients and other new business opportunities

Key Accountabilities
•Basic knowledge of macro-economics, political developments, and market liquidity conditions
•Knowledge of foreign exchange markets and it's conventions
•Computer skills including Word, Excel and Lotus Notes
•Ability to understand economic, political and market changes and develop a strategy for trade execution
•Excellent customer service skills
•Must be available for entertainment with clients and/or office visit travel
•at least 7 years previous experience
•BA or equivalent
•Fundamental economic analysis and some technical analysis capability and make decisions on that data.
•Ability to assess client's need relative to available projects and services
•Understanding of sales process from sourcing prospects to closing the sale and customer follow-up
•Foreign Language skills helpful