Main Purpose of the Role
This role will be responsible for generating commission revenue for the Company. The individual must leverage all reasonable efforts to create liquidity by obtaining dealing prices and interests from clients for the desk. This line of business demands exceptional communication and networking skills, particularly with traders and decision-makers at local Turkish banks. Maintaining these critical relationships and fostering effective collaboration are essential for our operations' success. Additionally, the role will focus on creating new business while developing and enhancing existing client relationships. The candidate will operate at all times in accordance with FCA and other relevant regulatory requirements and be fully aware of and act in accordance with relevant desk procedures, compliance, and other policies.
Key Responsibilities
- Broking the product in compliance with established market practice and all relevant laws and regulations.
- Gaining a thorough understanding and working within internal compliance and other policies, maintaining knowledge as these policies evolve.
- Completing all assigned training and policy attestations promptly.
- Calculating dealing prices per the Company’s pricing policy.
- Recording all brokerage deals in accordance with the Company’s settlements and operations requirements.
- Raising the profile of the desk.
- Maintaining fitness and propriety to become and/or continue as an approved person under the FCA’s approved persons regime, if necessary.
- Contributing to all team meetings as required by the desk head or other managers.
- Being alert to conduct risk issues, especially regarding the potential harm to client interests, market integrity, and competition in financial markets due to inappropriate practices or behaviours.
Key Contacts / Working Relationships
- Liaising with clients, traders, and financial institutions in London, the rest of Europe, or globally as required.
- Securing business through and improving relationships with existing contacts.
- Developing relationships with new clients in the financial markets, thus expanding the Company’s client base.
- Contributing to brokerage agreement negotiations as needed.
- Entertaining and establishing personal contacts with existing and potential customers.
Key Outputs and Performance Indicators
- Generating at least the minimum amount of revenue as outlined in the individual employment contract.
- Consistently attesting to and demonstrating a sound understanding of all regulatory requirements.
- Actively contributing to the desk’s work, being a team player and ensuring the Company’s needs are prioritized in all activities undertaken on the desk.
Skills / Competencies Required
Technical Ability
- A high level of product and market knowledge to deliver professional and profitable service to the Company’s clients.
- Proficient computer skills, with extensive knowledge of market data.
- A firm grasp of compliance regulations and FCA requirements, particularly in relation to market practice and our products.
Client Relationships
- Adept at identifying client needs related to Turkish Lira products.
- Skilled in attracting, entertaining, and conducting business with new and existing clients.
Problem Solving
- Demonstrable mathematical knowledge and excellent numeracy skills.
Communication Skills
- Exceptional negotiation skills, with the ability to influence others to achieve favorable outcomes.
- Clear and confident verbal and written communication skills.
Team Work
- Ability to work collaboratively, establishing positive working relationships.
- Takes opportunities to lead and mentor others.
- Focuses on the team’s goals and shows respect and support for colleagues.
Planning and Organising
- Effectively works towards deadlines.
- Results-oriented.
Personal Drive, Motivation, and Work Ethic
- Exhibits tenacity and resilience.
- Demonstrates discipline and performs well under pressure.
- Punctuality is a must.
Qualifications and Experience Required
- Demonstrable understanding of the financial services industry.
- Previous trading experience within a bank or other financial services corporation.
- A minimum of 5 years’ experience at a major local bank in Turkey.
- Experience executing transactions in REPO/Reverse REPO, FX Swap, FX Forward, Money Market, and OIS in Turkish Lira.
Systems Used
- Proficient in all Microsoft Office applications.
- Experience with Bloomberg terminal.
- Familiarity with Reuters market data and relevant exchange platforms.
Personal Attributes
- Demonstrates personal and professional integrity.
- Presents professional credibility.
- Confident and personable demeanor.
- Strong attention to detail.
Apply online using the form below. Only applications matching the job profile will be considered.