Website CareerDubai
My client a leading Money Exchange company in Dubai is currently looking for a Forex Manager – Retail to join their team. Below more details.
Reporting to Head of Operations you would be responsible for fulfilling foreign currency requirements in country of operations. This role holder is also responsible for handling corporate customers (Exchange Houses, Banks & MSB’s), right from acquisition to offering better services. He/she will be the point of contact for arrangement of foreign currency, in liaison with local market or bank notes team
- Coordinate with the Bank notes team on arrangement of currencies
- Ensure delivering of currencies is managed through one of the mentioned sources, finding alternates if needed
- Manage risk of currency fluctuation through adherence to appropriate holding limits
- Manage and reduce risk of re-evaluations
- Ensure increase in earnings per transactions
- Maintain proper documentation of all transactions regarding foreign currency
- Evaluate and setting the region wise FC hubs where ever needed.
- Monitoring the non moving currencies in branches and take proper control in fund utilization.
- Responsible for increasing the ROI ( Return On Investment) for branches Against the FC working capital.
- Training FC cashiers on customer handling, identifying counterfeit Notes and how to set margins.
- Overseeing Forex transaction and forex business activities for assigned region and accordingly building and implementing strategies incoordination with HOOP to improve FC margin and FC commission.
- Handling and allocating FC count and FC margin targets and responsibilities to branches and ensuring maximum earnings done by branches on transactions.
Requirements:
- 5+ years of experience in a similar role
- Graduate preferably in accounting/commerce