About the job
CMC are hiring an Institutional Sales Executive, this is an opportunity to play an integral part, both on an individual basis and within a recently established team.
You will help achieve CMC Markets business goals for sales growth of our institutional business by taking responsibility for growing a new client base.
This will include researching, identifying and creating institutional sales opportunities for the MENA, Turkey and wider markets.
Key responsibilities:
Responsible for researching, identifying and creating broker, bank and hedge fund relationships and other sales opportunities within designated regions
Responsible for managing your own region(s), using initiative/established contacts to identify potential leads.
Analyse and understand CMC Markets USPs and those of our competitors in order to maximize our position in the market.
Identify clients requirements and offer relevant trading solutions, including API, White Label and Introducing Broker arrangements.
Develop all sales opportunities, offering a range of potential products to clients including, margined foreign exchange, CFD instruments, cash products and other derivative asset classes.
Negotiate and produce commercially beneficial business for and on behalf of CMC Markets
Identify and assess sales/marketing initiatives to assist in achieving personal and overall business targets, meet personal KPIs/targets and add value to team success
Negotiate and prepare commercial terms and partner agreements, liaising with the legal, BI and dealing teams where appropriate
Maintain an up to date understanding of the relevant financial markets, its participants and technologies
Understand and adhere to CMC Markets compliance guidelines; research, understand and adhere to specific local regulatory requirements for your region(s)
Collate and review target clients corporate documentation for Legal/Compliance assessment and sign-off
Work closely with the Sales Trading team to request/analyse client feedback and ensure the relationships are running as anticipated.
Suggest improvements to departmental process and procedure
Provide weekly and monthly Management Information to include call reports, contact reports, and business opportunities reports for your region(s) to the Head of Institutional & Account Management, Middle East.
KEY SKILLS AND EXPERIENCE
Essential criteria
Proven Business Development/Relationship Management experience.
Financial markets experience; knowledge and understanding of foreign exchange, CFDs, with additional knowledge of spread betting and shares dealing being an advantage
Able to work confidently to performance targets
Confident verbal and written communicator in both English and relevant regional language, with ability to liaise effectively at all levels
Self-motivated and driven; able to act on own initiative
Strong team player; able to assist, support and develop colleagues
Professional approach and presentable appearance at all times
Desirable criteria
Proven sales track record in a financial sales environment
Analytical abilities to collate and report relevant facts and figures
Knowledge of, and a strong network in, specific industry segment and region
Knowledge of automated trading solutions and API connectivity
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