Job description for OTC Trader at now we know
* Quotation & Execution
- Prepare and deliver quotations to clients based on direction and rate guidelines provided by management.
- Execute OTC transactions (buy/sell) and ensure all trade details are accurately recorded.
-Confirm rates, transaction amounts, and timelines with both clients and partners before execution.
*Transaction Monitoring & Settlement
-Oversee every trade from initiation to completion, ensuring funds are received and disbursed without delay.
-Coordinate with clients and internal for payment confirmations and transaction proofs.
-Update management immediately on settlement status, fund receipt, or discrepancies.
-Prepare and maintain transaction logs and settlement reports for internal records.
* Partner Payments
-Handle payment execution to partners once rates and terms are confirmed by management.
-Ensure all partner payments are made accurately, on time, and documented properly.
* Communication & Coordination
-Maintain direct communication with clients and internal team to ensure clarity on every trade step.
-Escalate any anomalies, delayed transactions, or rate disputes to management immediately.
-Support smooth workflow between quoting, payment, and reporting processes.
* Reporting & Documentation
-Maintain a clear and organized record of all transactions, including rate confirmations, payment proofs, and chat logs.
