Business Development & Forex IB Manager
Posted on 31 Jul
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Experience
2 - 8 Years
Job Location
Remote (Company based out of Dubai - United Arab Emirates (UAE))
Education
MBA/PG Diploma in Business Mgmt(International Business, Marketing)
Nationality
Any Arab National, Any GCC National, Any European National, Any Anglophone National
Gender
Any
Vacancy
1 Vacancy
Job Description
Roles & Responsibilities
- Develop and execute strategic growth plans to expand market share and revenue within the Forex IB sector.
- Identify, onboard, and nurture relationships with Introducing Brokers (IBs), providing them with comprehensive support and resources.
- Analyze market trends, competitor activities, and client feedback to identify new business opportunities and refine strategies.
- Design and implement performance-driven incentive programs and commission structures to motivate IBs.
- Oversee the entire client lifecycle for IB accounts, ensuring seamless onboarding, ongoing engagement, and issue resolution.
- Collaborate with marketing and sales teams to create compelling collateral and campaigns tailored for IB acquisition and retention.
- Manage and forecast the IB channel budget, ensuring efficient allocation of resources and maximizing ROI.
- Ensure compliance with all relevant financial regulations and internal policies for IB operations.
- Conduct regular performance reviews and provide actionable insights to IBs to help them optimize their business.
- Lead and mentor a team of business development professionals focused on the IB channel, fostering a high-performance culture.
- Compensation & Payout Structure (Pure Commission)
- Base Salary: This is a 100% performance-based, commission-only contract. There is no fixed monthly base salary.
- Commission Share: The Contractor will receive 70% (Seventy Percent) of the total net commissions/rebates generated by their referred network and paid directly to the Company by the Main Broker.
- Payout Terms: Commissions will be calculated and transferred to the Contractor on a monthly basis, within [e.g., 5 business days] after the Company receives the official payout clearance from the Main Broker. [1]
Desired Candidate Profile
- Bachelor's degree in Finance, Business Administration, Marketing, or a related field.
- Minimum of 5 years of proven experience in business development or partnership management within the Forex or financial services industry.
- Demonstrated success in recruiting, managing, and growing a network of Introducing Brokers.
- Strong understanding of Forex markets, trading instruments, and regulatory frameworks.
- Excellent negotiation, communication, and interpersonal skills, with the ability to build rapport with diverse stakeholders.
- Proficiency in CRM software and data analysis tools for tracking performance and identifying trends.
- Ability to develop and execute strategic plans with a results-oriented mindset.
- Fluency in English; proficiency in additional languages relevant to key markets is a significant advantage.
- Professional certifications such as CF30, Series 3, or similar are highly desirable.
- A proactive and entrepreneurial spirit, coupled with strong problem-solving capabilities.
- Compensation & Payout Structure (Pure Commission)
- Base Salary: This is a 100% performance-based, commission-only contract. There is no fixed monthly base salary.
- Commission Share: The Contractor will receive 70% (Seventy Percent) of the total net commissions/rebates generated by their referred network and paid directly to the Company by the Main Broker.
- Payout Terms: Commissions will be calculated and transferred to the Contractor on a monthly basis, within [e.g., 5 business days] after the Company receives the official payout clearance from the Main Broker. [1]
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