AVP/VP - Forex Settlement - BFS

Job Purpose:

The incumbent will have primary responsibility for managing a team of about 20 employees, leading all operations and developments in the area of Forex.

Key Responsibility:

- Coordinate and manage all operations for clearing and settlement of Forex (USD-INR Settlement, Forex Forward and CLS) coordinate and control all operations for Trading Platforms (FX-Clear, FX-Retail and FXSwap),

- Develop capabilities to handle clearing and settlement of new instruments

- Interact with the Regulators for necessary approvals and for reporting

- Interact with member banks and respond to all queries

- Handle documentation and correspondence

- Build/maintain relationships with members, regulators, etc.

- Coordinate with other departments where necessary

- Interaction with senior executives/ Directors of the Board etc. in a formal environment

Skill, Knowledge & Trainings:

Technical:

- Full knowledge of all Forex instruments (including Forex derivatives), operations and accounting, regulations, etc.

- Should understand the Forex retail/corporate concept, and be able to take independent charge of the development of retail platform.

Experience: Experience of at least 22 years in the front office and back office of the treasury in Foreign Exchange area preferably in a bank.