Job Description

About Us:

Jio Markets is a leading provider of innovative trading solutions in the financial services industry, specializing in CFD and Forex trading. We are committed to delivering cutting-edge technology and tailored services that meet the diverse needs of institutional clients, including hedge funds, asset managers, banks, and other financial institutions. We are based in Dubai.

Job Overview:

We are seeking a highly skilled Chartered Accountant (CA) with extensive experience in the Forex brokerage industry to join our team. The ideal candidate will have a strong background in accounting and finance, particularly within the context of Forex trading operations. This position involves overseeing financial reporting, regulatory compliance, tax management, and providing strategic insights to support the company's financial goals.

Key responsibilities:

1. Financial Reporting & Analysis:

Prepare accurate and timely financial statements (Profit & Loss, Balance Sheet, Cash Flow) for the company in accordance with IFRS or GAAP (depending on jurisdiction). Monitor and report on Forex trading transactions, including margin accounts, leveraged positions, and client balances. Analyze Forex trading data, performance reports, and the impact of exchange rates on the company's profitability. Develop monthly, quarterly, and annual financial reports for stakeholders and senior management.
2. Regulatory Compliance:

Ensure the company's financial operations comply with relevant regulations and licensing requirements within the Forex industry (e.g., FCA, CySEC, ESMA, SEC, SCA etc.). Maintain familiarity with the evolving regulatory landscape of the Forex industry and implement necessary changes to ensure compliance. Oversee and manage audits related to Forex trading, ensuring transparency in transactions, account management, and client fund management. Ensure proper AML (Anti-Money Laundering) and KYC (Know Your Customer) procedures are followed within the financial operations.
3. Forex and Trading Risk Management:

Provide insights into foreign exchange risk exposure and its impact on the company's financial performance. Work closely with the trading desk to track currency fluctuations, leverage effects, and margin levels in real-time. Develop hedging strategies and tools to mitigate risks related to Forex trading positions.
4. Taxation & Financial Planning:

Oversee and manage tax planning for the company, ensuring compliance with local tax laws related to Forex transactions, trading profits, and cross-border financial operations. Handle tax filings, including VAT, withholding tax, and income tax related to Forex and trading activities. Work with the legal team to ensure correct tax treatment of international clients and financial transactions.
5. Treasury & Cash Flow Management:

Oversee the management of client funds, ensuring proper segregation and compliance with regulatory requirements for client money. Manage the company's liquidity and cash flow, ensuring the availability of funds for operations, margin calls, and withdrawals. Monitor and optimize the company's cash position by assessing foreign currency exchange rates and adjusting cash management strategies accordingly.
6. Internal Controls & Process Improvement:

Develop, implement, and improve internal controls to prevent fraud, errors, and financial misstatements. Identify areas for process improvements in accounting workflows, risk management, and client fund management. Implement automation in financial reporting, Forex transaction processing, and reconciliation.
7. Client Financial Reporting:

Ensure that financial reporting for Forex clients is accurate and transparent, including profit/loss reports, margin calls, and portfolio performance. Assist in the development of reports that show clients the performance of their trading accounts, including fees, commissions, and spreads.
8. Strategic Financial Insights & Advisory:

Provide strategic financial advice to senior management, helping to shape business decisions with financial insights related to the Forex market and trading operations. Assist in the development of business plans and budgets, forecasting financial performance based on trading volume, market conditions, and global economic trends.
9. Team Collaboration & Supervision:

Supervise and mentor junior accountants and finance team members. Collaborate with cross-functional teams, including legal, compliance, and trading, to ensure smooth operations.
10. Technology & Systems Integration:

Ensure the integration of accounting and Forex trading platforms to automate the flow of trading data into the financial systems. Work with IT to implement accounting software and systems that support Forex operations, ensuring accurate data entry, reporting, and reconciliation.

Required Qualifications:

Chartered Accountant (CA) certification or equivalent qualification. Minimum 3-5 years of experience in accounting and finance, with at least 2 years in a Forex brokerage or financial trading firm. Strong knowledge of Forex trading operations, including margin trading, leveraged positions, spreads, and client fund management. In-depth understanding of international financial regulations and compliance (e.g., FCA, CySEC, FINRA, SCA, etc). Proficiency in accounting software (e.g., QuickBooks, Xero, Sage, or Forex-specific platforms) and Excel. Solid understanding of taxation laws related to Forex trading and international business transactions. Risk management experience in the Forex or trading industry. Excellent communication skills with the ability to present complex financial data clearly to non-financial stakeholders.

Preferred Qualifications:

Experience with financial modeling and forecasting in a trading environment. Familiarity with financial risk management tools such as hedging, derivatives, and currency options. Advanced proficiency in data analytics and financial reporting tools. Knowledge of international banking systems and the ability to manage cross-border transactions in the Forex market.

Benefits:

Competitive salary and performance-based bonuses. Health insurance and other employee benefits. Opportunity to work in a dynamic and fast-paced Forex trading environment. Career growth and professional development opportunities.
Job Types: Full-time, Permanent