Chief Dealer - Forex - Bank

Chief Dealer - Forex (Bank)

Our Client, a Leading Bank is looking out for a Chief Dealer - Forex to be based at Mumbai.

Required Experience:

- Overall, 12-15 Years of work experience in Forex Dealing as part of Integrated Treasury

- Should have experience both in Trading USD INR and Crosses and handling Merchant Transactions

- Should have experience in implementation of Integrated Treasury Software

- Having good network amongst with interbank participants , IBA etc

- Sound knowledge of RBI FEDAI and FEMA guidelines.

- Good knowledge of Technical Analysis

Key Job Requirements:

- Should have handled key Core Forex desk activities and compliance with regulatory norms (borrowing and lending FC, covering merchant exposures, forward hedging, proprietary trading etc).

- Managing day-to-day treasury activities including, funding of Nostro accounts, FCNR hedging, FC Depo, NOOP and Gap limits.

- Hands on experience on dealing on various trading platforms like FX Clear, Reuters D2, 360 T etc and achieving STP with integrated treasury systems.

- Trading in USDINR and select G7 pairs with consistent profit objective by holding strategic positions also making use of arbitrage opportunities available across different trading platforms.

- Knowledge of derivative and hedging products (FRA, Futures options and Swaps etc )

- Introduction of new correspondent banks to widen sources for lending and borrowing, better pricing etc

- Developing and sustaining relationships with FI and overseas banks for lending or borrowing short/long term funds and negotiating rates in favour of the bank

- Collaborate with different business units and support them to develop plans to meet sales targets

- Experience in advising corporates on analysing transactions through the study of historical data and guiding the risks associated with their foreign exchange exposure

- Expertise in preparation of Policies and Product notes related to FX Desk and new revenue streams to boost the profitability of the treasury

- Fair knowledge of Treasury systems (Calypso, Kondor etc)

Educational Qualification:

- Preferably MBA/CA/CFA or Professional Degree

- Completion of certified FX programmes