(Central region) - Raffles
Through on-the-job training provided, the trainees should be able to provide customers with quick and accurate quotes in a fast-paced environment where multiple quotations and communications are happening at the same time. Building strong and long term relationship with our customers is another important aspect of the job.
A money broker connects lenders with borrowers in the financial markets, negotiating terms and facilitating large-scale transactions. They earn commissions for successfully arranging deals, requiring strong market knowledge, negotiation skills, and adherence to financial regulations.
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.
Responsibilities:
- Able to speak in Hindi because need to liaise with Indian stakeholders
- Finance & Banking education background
Other information:
- Deal in foreign exchange and foreign currency money market transactions
- Japanese company
HOW TO APPLY:
Interested applicants, please click on “Apply Now”.
We regret only shortlisted candidates will be notified.
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EA Personnel: Chris Poh Tze Zheng
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