FX Dealer

RBC·Remote(Port of Spain, )
Other
Excel

WFA Digital Insight

The demand for skilled FX professionals has increased by 20% in the last year, driven by the growth of global trade and foreign exchange markets. RBC's FX Dealer role stands out for its focus on operational excellence and cross-jurisdictional coordination. With expertise in financial risk management and banking regulations, candidates can thrive in this fast-paced environment. As the remote job market continues to evolve, roles like this one highlight the need for strong organizational and analytical skills. Before applying, candidates should be aware of the importance of maintaining regulatory compliance and internal standards in the FX industry.

Job Description

About the Role

The FX Dealer is a critical role at RBC, responsible for managing daily administrative functions and ensuring operational excellence for Foreign Exchange teams across the Caribbean region. This role focuses on maintaining regulatory and internal compliance, driving cross-jurisdictional coordination, and supporting FX trading desks regionally. The ideal candidate will have strong organizational, analytical, and problem-solving skills, with the ability to multitask in a fast-paced environment.

As a key member of the FX team, the FX Dealer will work closely with counterparties and internal teams to maintain confidentiality and fairness in dealings. The role requires a deep understanding of financial risk management, asset/liability management, and banking regulations in the Caribbean and international markets.

The FX Dealer will be part of a dynamic and collaborative team, working together to deliver trusted advice to clients and help communities prosper. With a focus on progressive thinking and growth, RBC offers a supportive and inclusive work environment that values diversity and promotes long-term careers.

What You Will Do

  • Oversee administrative tasks for FX teams in all assigned Caribbean jurisdictions, ensuring timely and accurate execution
  • Verify and input daily FX rates into RIBS and T24 systems, ensuring alignment with market standards
  • Record daily RATS entries for FX transactions, validating accuracy and adherence to timelines
  • Maintain unmatched trade databases and update settlement entries
  • Generate and maintain financial reports, such as FX position reports, market share analysis, and IBC reports, with precision and compliance
  • Review transactions to confirm correct FX rate application, monitor operational risk indicators, and escalate issues promptly
  • Ensure adherence to AML, regulatory, and internal compliance standards
  • Assist FX trading desks with trade execution, blotter updates, and managing the daily FX Open Currency Position (OCP) within authorized limits
  • Process Optimization: Identify opportunities to streamline workflows and enhance regional efficiency
  • Stakeholder Engagement: Collaborate with counterparties and internal teams, maintaining confidentiality and fairness in dealings

What We Are Looking For

  • Graduate degree in Business, Finance, Economics, Accounting, or equivalent
  • Proven expertise in financial risk management, asset/liability management, and banking regulations (Caribbean and international)
  • Strong analytical, problem-solving, and decision-making abilities
  • Exceptional organizational and multitasking skills in high-pressure environments
  • Clear communication skills for engaging with teams and senior stakeholders
  • Knowledge of CT activities, banking statutes, and economic trends
  • Proficiency in Excel and other relevant systems
  • Experience in FX trading, market risk, or related fields
  • Understanding of AML, regulatory, and internal compliance standards

Nice to Have

  • Resilience and accountability in dynamic settings
  • Initiative-driven mindset with a focus on process improvement
  • Experience with trade client reporting and systems applications
  • Familiarity with futures exchange, options analysis, and bond trading

Benefits and Perks

  • Competitive salary and benefits package
  • Opportunities for professional growth and development
  • Collaborative and inclusive work environment
  • Flexible working hours and remote work arrangements
  • Access to training and coaching programs
  • Health and wellness programs
  • Paid time off and vacation days
  • Retirement savings plan and equity options

How to Stand Out

  • Develop a strong understanding of financial risk management and banking regulations to stand out as a candidate
  • Highlight your experience with Excel and other relevant systems, such as RIBS and T24
  • Showcase your analytical and problem-solving skills through specific examples
  • Be prepared to discuss your knowledge of AML, regulatory, and internal compliance standards
  • Research RBC's values and culture to demonstrate your fit with the company
  • Prepare examples of how you have optimized workflows and enhanced regional efficiency in previous roles

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