Job Description

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 \xe2\x80\x9cApply Now\xe2\x80\x9d.We regret only shortlisted candidates will be notified.Important Note: Trust Recruit Pte Ltd is committed to safeguarding your personal data in accordance with the Personal Data Protection Act (PDPA).Please read our privacy statement on our corporate website www.trustrecruit.com.sg.Trust Recruit Pte LtdEA License No: 19C9950EA Personnel: Lee Jun Siong (Johnson)EA Personnel Reg No: R24120242Employer questionsYour application will include the following questions:Which of the following statements best describes your right to work in Singapore?Company profileTrust RecruitHuman Resources & Recruitment11-50 employeesTrust Recruit is Singapore\'s leading relationship-based human resource and recruitment firm. With more than 20 years of collective consulting experience, we provide personalized workforce solutions for our corporate clients, ranging from multinational corporations to the public sector, as well as small and medium enterprises.At Trust Recruit, integrity and reliability permeates every level of our recruitment process. TRUST is our currency of interactions; be it with our valued clients, talented job-seekers or our own employees. Through our premium staffing services, we are committed to connecting and developing quality relationships between candidates and companies.Trust Recruit is Singapore\'s leading relationship-based human resource and recruitment firm. With more than 20 years of collective consulting experience, we provide personalized workforce solutions for our corporate clients, ranging from multinational corporations to the public sector, as well as small and medium enterprises.At Trust Recruit, integrity and reliability permeates every level of our recruitment process. TRUST is our currency of interactions; be it with our valued clients, talented job-seekers or our own employees. Through our premium staffing services, we are committed to connecting and developing quality relationships between candidates and companies.Company informationRegistration No.201935022ZEA No.19C9950

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