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Busisol Sourcing (India) Private Limited

HR and Management Consultants

Job Code : JN/44647/2013
Function area : 1. Tracking Forex exposure from countries/ERP/Treasury
Contact Person : Ms. Shashi Narayan
Industry type : Manufacturing
Position : Forex Trade Assistant
Work Experience : 2 to 10
Status : inactive
Response Ph/Mob : 080-48145260 / 080-48145261 / 080-48145263 / 080-48146221
Response Email 1 : shashi@busisol.net
Date : 19-Jul-2018
End Date : 30-Jul-2018
Relevant Experience : 2-10 years
CTC Range : Rs. 10.00 to 12.00 Lakh p.a.
Posted by : shashi
Email : shashi@busisol.net
Job description : Position: Forex Trade Assistant Reports to: Forex Head Base location: Bangalore, India Job Description: Forex Trade Assistant is required to work on mainly Forex Hedging related activities and is a part of Global Forex desk of COMPANY. This role requires close working with the all Treasury teams, Country Finance Controllers spread across various geographies. The profile requires sound knowledge of Financial Markets, ability to execute trades at best available prices, information about markets movements and ability to take FX covers sometimes in highly volatile environment The ideal candidate should have prior exposure to markets in terms of dealing in various currencies and commodities, ability to identify FX exposure from different components and take prompt action. The candidate need to have good understanding of Marco economic factors like GDP, Interest rate movement, Inflation, Current Account flows and how these factors affect Currencies, Equities commodities markets. He needs to keep himself abreast with latest global developments by reading various research reports published by banks. The candidate is required to develop robust mid-office and back-office reporting sheets for all FX transactions. He/She should provide timeline reports to various internal stakeholders such as Risk, Commodity desks and Finance teams. Primary responsibilities: DAILY 1. Tracking Forex exposure from countries/ERP/Treasury 2. Arriving at hedge-able versus non-hedge able exposure. 3. Discuss with Trader/Country F.C. to arrive at net amount and tenor for FX covers 4. Checking rates with banks, negotiating hard for competitive pricing and then close at the best price available 5. Deal on Online Trading platforms, wherever possible 6. Updating Outstanding hedges file on Real time basis 7. See if any hedge is maturing. Discuss with stake holders on delivery/Cancellation/Roll-over of the hedge 8. Prepare and circulate summary report of all deals concluded during the day WEEKLY 9. Weekly exposure tracking country-wise from Risk packs 10. All hedges taken versus exposure check – every Friday MONTHLY 9. Monthly exposure tracking from country MMRs 10. Getting MTM reports from banks for open hedges 11. Prepare MIS reports for management Education qualification and desired experience: Bachelors or Masters of Commerce/Accounting/business management, CA, MBA (Finance) 2-6 years of experience in Forex Markets (working in Banks/Corporates) Skills required: • Fundamental and Technical knowledge about Currency market • Knowledge about FX instruments like Spot, Forwards, Options, Swap and their pricing • In-depth knowledge about Macro economic factors like GDP, Inflation, Capital flows, Unemployment rate, Forex Reserves etc. • Negotiation Skills for improved rates from banks • Ability to use Reuters/Bloomberg/Ticker and Online Trading platforms Behavioural competencies: • High level of integrity & confidentiality • Quick learner and able to grasp business knowledge • A motivated self-starter with strong interpersonal skills • Highly adaptable and down to earth to work with various level of people across the organization Travel: • Only at initial stage, later infrequently Compensation: Competitive (depending on the level of experience) interested candidates can send their updated word format resume along with these details to shashi@busisol.net Total Experience : Current CTC : Expectation : Notice Period : For further details please feel free to call on : 080-48145260 / 080-48145261 / 080-48145263 / 080-48146221 (Ms. Shashi Narayan)
Uploaded Date : 19-Jul-2018


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