VC#0021 – Head of Brokerage

On behalf of our client, we are looking for a Head of Brokerage business athlete^TM for a full-time role based in Limassol, Cyprus.

Role Description

The successful candidate for the role will require the ability to effectively manage and motivate the Dealing/Brokerage team throughout the 24-hour trading day and ensure the Brokerage Department successfully executes its duties and responsibilities.

Duties & responsibilities

The Head of Brokerage must be an experienced individual with the competence to oversee the following tasks and that they are executed by their Brokerage Department:

• Managing the set-up and configurations on MT4/MT5 admin
• Monitoring of all trading instruments and platforms
• Monitoring clients’ trading activity
• Monitoring the Company’s exposure and analysing/reporting risks
• Prepare reports for the management and CySEC
• Collaborate with the Risk Management Department
• Ensure Best Execution of client orders and trades
• Execute financial instrument transactions in accordance with the IOM of the Company.
  • The procedure to be followed is determined below:
    • Compare the prices offered by several Brokers for the specific instrument,
    • Choose the best offer before trading,
    • Execute a trade, with the Broker giving the best price on the specific instrument required.
  • Review/test various plugins
  • Manage gateways and LP monitoring
• Identify abusive traders
• Review price feeds, spreads, commissions, and swaps
• Reporting/reviewing the daily P&L and Brokerage
• Conduct the onboarding and refresher training courses for dealers to carry out their duties effectively
• Keep records of all transactions executed through Brokers for further reference. All records of transactions are saved daily and checked in case of any errors.
• Facilitate the relevant corporate actions as required
• Facilitate the input of relevant swap rates
• Always comply with the Brokerage Policy of the Company and report directly to the CEO.

Please get in touch by sending us your CV and a cover letter at grow@salvusfunds.com.

We look forward to and would love to hear from you.

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