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- Tasks: Engage in foreign exchange sales, making calls and identifying new opportunities.
- Company: Join Spectrum FX, a fast-growing FX company in the heart of London.
- Benefits: Enjoy uncapped commission, pension scheme, 28 days holiday, and regular incentives.
- Why this job: Kickstart your career in finance with training from experienced professionals and growth potential.
- Qualifications: Strong communication skills, self-motivated, and a team player are essential.
- Other info: Expect earnings of £30,000-£40,000 in Year 1, with potential to exceed £100,000 by Year 3.
The predicted salary is between 24000 - 40000 £ per year.
This is a full-time on-site role for an Entry Level - Foreign Exchange Sales position located in London. The role involves day-to-day tasks related to foreign exchange sales, creating tailored solutions for clients' international trade needs, and providing superior pricing and service.
Spectrum FX is currently seeking highly driven individuals to join a fast-growing FX company as a Business Development Executive. FX sales background is not a necessity as you will be trained by highly experienced staff. Large growth prospects throughout the company including development to Corporate Account Executive. So if you are ambitious, highly driven and looking for a rewarding career in financial markets please do get in contact.
Based at the heart of The City of London, normal working hours are 8:30-5:00, however Business Development Executives will be expected to complete the hours necessary to achieve the expected company standards and performance.
Responsibilities:
- Make effective, highly professional outbound calls to key decision makers and shareholders
- Successfully identify new opportunities within the UK & European FX markets
- Cold calling will play a major part of your career throughout this role.
- Lead sourcing; systematically develop a well-researched database of prospective clients for the business
- Liaising with the Dealing Desk and other key business areas
- Achieve set KPIs and Sales targets
- Keeping up to date with all financial markets
- Become an expert on risk management business solutions
- Build relationships with key decision makers including Financial Directors/Managing Directors across a range of different companies
- Be clinical in finding large business opportunities
- Demonstrate a keen commercial awareness for the FX markets.
- Be self-motivated to learn and develop your skills into the next role
- Identify profit angles with both new and existing clients
Requirements of the Business Development Executives:
- Excellent Telephone Manner & Communication Skills
- Influence and Persuasion
- Product Knowledge
- Self-Motivated and results/target driven
- Team-Working
Company Benefits:
- Uncapped commission structure
- Employee pension scheme
- Trained by a team of highly driven successful people
- Participate in one of the industry’s leading bonus schemes
- 28 days holiday (including bank holidays)
- Regular incentives (company nights out, competitions etc)
You can expect Year 1 OTE £30,000-£40,000 based on performance with Year 2 expected to increase to £50,000-£70,000. Step by step training will be provided to help you achieve in excess of £100,000 by Year 3 based on your work ethic. Your bonus structure will be uncapped meaning your earnings are dependent on the work you put in. If you feel like you meet the above criteria, please apply now.
Contact Detail:
Spectrum Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Junior FX Broker
✨Tip Number 1
Familiarise yourself with the foreign exchange market. Understanding key concepts, trends, and terminology will help you engage in meaningful conversations during interviews and demonstrate your enthusiasm for the role.
✨Tip Number 2
Practice your cold calling skills. Since this role involves a lot of outbound calls, try role-playing scenarios with friends or family to build your confidence and refine your communication techniques.
✨Tip Number 3
Network with professionals in the FX industry. Attend relevant events or join online forums to connect with people who can provide insights and potentially refer you to opportunities at Spectrum FX.
✨Tip Number 4
Showcase your self-motivation and results-driven attitude. Prepare examples from your past experiences where you've demonstrated these qualities, as they are crucial for success in a sales environment.
We think you need these skills to ace Junior FX Broker
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights any relevant skills or experiences that align with the responsibilities of a Junior FX Broker. Emphasise your communication skills, self-motivation, and any experience in sales or customer service.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the role and the company. Mention why you are interested in foreign exchange sales and how your background makes you a suitable candidate, even if you lack direct experience.
Highlight Your Ambition: In your application, express your ambition and drive to succeed in the financial markets. Discuss your willingness to learn and develop your skills, as this is crucial for a role that offers growth prospects.
Showcase Your Research Skills: Demonstrate your understanding of the FX market by including insights or trends you've researched. This shows that you are proactive and genuinely interested in the industry, which can set you apart from other candidates.
How to prepare for a job interview at Spectrum
✨Research Spectrum FX
Before your interview, take some time to learn about Spectrum FX and its position in the foreign exchange market. Understanding their services, values, and recent news will help you demonstrate your genuine interest in the company.
✨Prepare for Cold Calling Scenarios
Since cold calling is a major part of the role, practice how you would approach potential clients. Prepare a few key phrases or questions that could help you engage decision-makers effectively during the interview.
✨Showcase Your Communication Skills
Excellent telephone manner and communication skills are crucial for this role. During the interview, focus on articulating your thoughts clearly and confidently, as this will reflect your ability to communicate with clients.
✨Demonstrate Commercial Awareness
Be prepared to discuss current trends in the FX market and how they might impact businesses. Showing that you have a keen commercial awareness will impress the interviewers and highlight your suitability for the role.
