At a Glance
- Tasks: Drive business growth by identifying and securing new clients in the FX market.
- Company: Join Bibby Financial Services, a trusted partner for SMEs since 1982, supporting over 9000 businesses globally.
- Benefits: Enjoy a competitive salary, company car, private healthcare, flexible benefits, and 25 days holiday.
- Why this job: Be part of a dynamic team that values relationships, personal growth, and celebrates success.
- Qualifications: Proven sales experience, strong numeracy and literacy skills, and a full driving licence required.
- Other info: This is a remote role covering the North West; we welcome diverse applicants.
The predicted salary is between 47000 - 63000 £ per year.
Bibby Financial Services have an exciting opportunity available for a Business Development Manager FX to join our team. This role is on a full time, permanent basis. In return, you will receive a competitive salary of £55,000 - £60,000 per annum.
We’ve supported small and medium-sized enterprises (SMEs) since 1982 and today we support more than 9000 businesses worldwide. We are proud to help businesses, both big and small to grow and thrive in domestic and international markets.
Why us? We’re in the business of relationships. Whether working together or supporting our clients, that’s what makes us stand out from the crowd. We know our value lies in our brilliant people. It is fast-paced and varied, and we can handle it. We trust each other, take ownership, work flexibly, have fun and deliver for our clients every time. We empower our colleagues to be themselves and grow in the way they want – we believe in them and celebrate their success.
As our FX Business Development Manager, we will reward you and your hard work with:
- Company car/allowance
- Competitive commission structure
- Private healthcare for you and your family
- Company pension scheme
- Wide range of flexible benefits, such as gym membership, technology, or health assessments
- Access to an online wellbeing centre
- Range of discounts from many businesses
- 25 days holiday which increases with service and options to buy or sell more
As our FX Business Development Manager, you will proactively seek, identify and qualify new clients and revenue for the business and effectively convert lead opportunities. In doing so the role should deliver excellent customer service to all introducers, prospect clients, clients, internal and external stakeholders.
Your responsibilities as our FX Business Development Manager will include:
- Building and maintaining new and existing relationships with introductory sources for example financial brokers, institute of export, accountants, chambers of commerce, clients etc.
- Achieving own targets of new deals and GP revenue, for example, by building and maintaining a level of new enquiries; attend networking events and identify and secure opportunities for new business and contacts.
- Effectively managing the new client process through sourcing leads, prospect calling new leads, conducting sales meetings, with prospective clients; completing compliance procedures for set up; chasing outstanding enquiries and paperwork.
- Continuously developing knowledge and understanding of the BFS products and services including the specialist products portfolio, invoice finance and Leasing.
- Continuously developing an in depth knowledge of the foreign exchange industry, clients, competitors, introducers, risks, client industry and markets.
- Proactively liaising with internal departments such as Marketing, Take-on, Risk and Operations to ensure the smooth transition of new deals from origination through to first trade.
What we are looking for in our ideal FX Business Development Manager:
- Experience – proven experience of working in a sales related environment
- Skills – Numeracy and literacy; IT- Microsoft Office, in particular Excel; planning and organising; Customer service skills and ability to work alone whilst being a team player
- Full driving license
There’s no place quite like BFS and we’re proud of that. It’s all down to our colleagues - they make us the business with which every SME wants to partner.
If you would like to join us, please click ‘Apply’ today to be considered as our FX Business Development Manager – we would love to hear from you!
We’re absolutely committed to being a truly inclusive place to work, where everyone has an equal opportunity to reach their true potential. Let us know if you need adjustments to support you through any stage of the recruitment process.
We reserve the right to close applications early. No agencies, please.
FX Business Development Manager employer: Bibby Financial Services
Contact Detail:
Bibby Financial Services Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land FX Business Development Manager
✨Tip Number 1
Network actively within the financial services sector, especially with professionals in foreign exchange. Attend industry events and engage with potential clients and introducers to build relationships that could lead to opportunities.
✨Tip Number 2
Stay updated on the latest trends and developments in the foreign exchange market. This knowledge will not only help you in conversations but also demonstrate your commitment and expertise to potential employers.
✨Tip Number 3
Prepare to discuss specific strategies you've used in previous roles to generate leads and close deals. Highlighting your past successes can set you apart from other candidates.
✨Tip Number 4
Familiarise yourself with Bibby Financial Services' products and services. Understanding their offerings will allow you to tailor your approach and show how you can add value to their team.
We think you need these skills to ace FX Business Development Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in sales and business development, particularly in the FX or financial services sector. Use specific examples to demonstrate your achievements and skills that align with the job description.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention how your background and skills make you a perfect fit for the FX Business Development Manager position, and express your enthusiasm for building relationships with clients.
Highlight Relevant Skills: Emphasise your numeracy and literacy skills, as well as your proficiency in Microsoft Office, especially Excel. Provide examples of how you've used these skills in previous roles to achieve targets or improve processes.
Showcase Your Industry Knowledge: Demonstrate your understanding of the foreign exchange industry and related markets. Mention any relevant experience or knowledge about BFS products and services, and how you can leverage this to benefit the company.
How to prepare for a job interview at Bibby Financial Services
✨Know Your FX Fundamentals
Make sure you have a solid understanding of the foreign exchange market and its dynamics. Brush up on key terms, trends, and recent developments in the industry to demonstrate your expertise during the interview.
✨Showcase Your Relationship-Building Skills
Since the role focuses on building and maintaining relationships, prepare examples of how you've successfully developed client relationships in the past. Highlight your ability to connect with various stakeholders, such as financial brokers and accountants.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills and ability to handle real-life situations. Think of scenarios where you've had to manage client expectations or overcome challenges in sales, and be ready to discuss your approach.
✨Demonstrate Your Sales Acumen
Be prepared to discuss your previous sales experience and how you've achieved targets. Use specific metrics or achievements to illustrate your success in generating new business and converting leads into clients.