Job Description
The Wholesale Banknotes Dealer is responsible for the buying, selling, and management of foreign currency banknotes in wholesale volumes. The role focuses on rate setting, inventory management, liquidity planning, and execution of banknote trades with counterparties while ensuring compliance with regulatory and internal control requirements.
Key Responsibilities
Trading & Dealing
- Execute wholesale banknote trades (buy/sell) with banks, financial institutions, and approved counterparties
- Monitor FX market movements and adjust banknote rates accordingly
- Quote competitive wholesale rates to support retail and corporate operations
- Manage spreads to optimize profitability while maintaining market competitiveness
Inventory & Liquidity Management
- Manage foreign currency banknote inventory levels to ensure adequate liquidity
- Monitor currency stock aging, condition, and circulation de...
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