FX Dealer
- Execute and price spot, forward, swap and options trades for clients and the house book, while managing currency exposure within approved limits.
- Monitor markets and advise clients on currency hedging and payment solutions, building long-term client relationships.
- Ensure accurate trade settlement, regulatory compliance and daily position, profit and loss, and exposure reporting.
Foreign Exchange (FX) Dealer – Full-time, Sydney NSW or Melbourne VIC
Salary: $80,000 to $170,000 per annum plus superannuation, depending on experience and qualifications
About Path Employment Services
Path Migration and Employment Services is recruiting on behalf of our client. Our client has offices in Sydney and Melbourne. Our client provides FX dealing, cross-border payments and currency risk management services to corporate, SME and private clients across Australia and overseas, and is expanding its dealing desk.
About the role
Our client is seeking an experienced FX Dealer to join its dealing desk on a full-time, permanent basis. The position is available in either Sydney or Melbourne, depending on the successful candidate's preference. You will execute spot, forward and option transactions for clients, manage the firm's currency exposure within approved limits and build long-term client relationships. Hours follow standard market trading, with occasional early or late coverage of offshore markets.
Key responsibilities
- Quote, price and execute spot, forward, swap and option transactions in major and emerging-market currencies for clients and the house book.
- Monitor currency markets, central bank announcements and economic data and communicate market views to clients and colleagues.
- Manage intraday positions and hedge exposures within approved risk and dealing limits.
- Build and maintain relationships with corporate and private clients, including advising on hedging strategies and payment solutions.
- Negotiate rates with liquidity providers, banks and counterparties to secure competitive pricing.
- Ensure every trade is confirmed, settled and recorded accurately in the dealing and settlement systems.
- Comply with the Corporations Act, ASIC regulatory guides, AML/CTF obligations and the client's internal policies and procedures.
- Prepare daily position, P&L and exposure reports for management.
Skills and experience required
- Bachelor degree in finance, economics, commerce or a related field, or at least five years of relevant FX dealing experience in lieu of a degree.
- A minimum of two years of experience dealing in foreign exchange markets at a bank, broker, payments provider or corporate treasury.
- Demonstrated knowledge of spot, forward and option products, pricing and settlement.
- Strong numerical and analytical skills with the ability to make quick, accurate decisions under pressure.
- Excellent verbal and written communication skills and a client-focused approach.
- Working knowledge of AML/CTF, ASIC and AFSL compliance requirements.
- Proficiency with dealing platforms, Bloomberg or Reuters/Refinitiv terminals and Microsoft Excel.
Desirable
- RG 146 compliance or an ACI Dealing Certificate.
- Experience with corporate hedging programs and structured FX products.
- Fluency in a second language relevant to the client's customer base.
Salary and benefits
The salary range for this position is $80,000 to $170,000 per annum plus 12% superannuation. The offer within this range will depend on the successful candidate's qualifications, dealing experience and track record.
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