Job Responsibilities:
- Facilitating Transactions: Money brokers act as intermediaries between banks, financial institutions, corporations, and sometimes individuals who need to borrow or lend significant sums of money.
- Finding Counterparties: They use their network and market knowledge to find suitable counterparties for each transaction. This involves understanding the needs and preferences of both lenders and borrowers.
- Negotiation: Money brokers negotiate terms such as interest rates, loan duration, and other conditions on behalf of their clients. They need to balance the interests of both parties to ensure a successful transaction.
- Market Analysis: Keeping up-to-date with financial markets, interest rates, and economic trends is crucial. This knowledge helps brokers advise clients on the best timing and terms for their transactions.
- Legal and Regulatory Compliance: Money brokers must adhere to financial regulations and ensure all transactions comply with legal requirements. This includes verifying identities, ensuring proper documentation, and understanding the implications of different financial instruments.
- Risk Management: Assessing the creditworthiness of parties involved and managing potential risks associated with each transaction is important to mitigate financial losses.
- Earning Commission: Money brokers typically earn a commission or fee for successfully arranging a transaction. The commission can be a percentage of the transaction amount or a flat fee, depending on the agreement with the client.
- Client Relationships: Building and maintaining strong relationships with clients and financial institutions is essential for long-term success in the industry.
Job Requirements:
- Experience with inter-dealer brokers who deal in foreign exchange and foreign currency money market transactions
- At least diploma in any field
- Finance & Banking Background would be preferred
HOW TO APPLY:
Interested applicants, kindly send your resume in MS WORD format or please click on “Apply Now”.
We regret only shortlisted candidates will be notified.
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Trust Recruit Pte Ltd
EA License No: 19C9950
EA Personnel: Lee Jun Siong (Johnson)
EA Personnel Reg No: R24120242
