Trafigura - FX Risk Management Analyst

Company

Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. At the heart of global supply, Trafigura connects the world with the vital resources it needs. Through our Oil & Petroleum Products, Metals and Minerals, and Power and Renewables divisions, we deploy infrastructure, skills and a global network to move commodities from where they are plentiful to where they are needed most, forming strong relationships that make supply chains more efficient, secure and sustainable.

Trafigura also owns and operates a number of industrial assets including a majority share of global multi-metals producer Nyrstar and fuel storage and distribution company Puma Energy, and joint ventures Impala Terminals, a port and logistics provider, and Nala Renewables, a power and renewable energy investment and development platform. With over 1,000 shareholders, Trafigura is owned by its employees and employs over 13,000 people working in 48 countries. Trafigura has achieved substantial growth over recent years, growing revenue from USD 12 billion in 2003 to USD 231 billion in 2021. The

Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade.

Trafigura Global Services (TGS) is the fully owned subsidiary of Trafigura, a Global In-House Delivery Center, set-up for aggregating Middle and Back-office functions critical to support our trading life cycle. The entity has 600+ employees, adopts best in class technology and practices enabling operations across Europe, Africa, Middle East and Asia-Pacific. You can find out more about us on www.trafigura.com and our Mumbai office on www.trafigura.com/mumbai

Main Purpose:

The FX Risk Management Team is a middle office team managing Forex exposure arising from all the divisions: Trading, Finance, Overheads. The team is responsible for identifying FX exposure, devising hedging strategy and executing the FX trades with internal traders. It involves constant interaction with commercial traders, deals desk and operators highlighting forex risk & market opportunities and updating the FX P&L in a timely manner. Allocation of FX hedges to underlying exposure and settlement of derivatives on maturity with derivative back office is also managed by the team. The FX team also works with Treasury to manage liquidity in foreign currency accounts and minimize exposure & costs connected with interest rates and overdrafts.

Knowledge, Skills and Abilities

- 2-6 years relevant work experience with exposure to Foreign Exchange markets, Interest Rates, Cash / Liquidity Management, Risk Management.

- MBA in Finance, FRM Certification preferred.

- Be flexible, open minded, comfortable in working with firm deadlines and able to handle stress situations.

- Good team-player and an open personality with energy and drive.

- Should be proficient in excel.

- Familiarity with using multiple systems is a plus.

- Should have excellent English communication skills.

Key Responsibilities:

Responsible for the identification, analysis, mitigation and connected back-office activities of Foreign Exchange Risk Management arising from Trading and Investment business conducted in all divisions of Trafigura.

Key Responsibilities:

- Liaise with Traders, Operations and Deals Desk in identifying FX risks

- Understand FX exposure, currency regulations and design hedging strategies for business lines

- Execute FX trades with internal broker

- Allocate the hedge P&L to each underlying exposure

- Liaise with Derivatives Back Office in order to agree daily settlements and resolve discrepancies

- Work with Treasury to manage account liquidity in foreign currency and minimize exposure and costs connected with interest rates and overdrafts

- Support all manners of reconciliation related to FX and development of FX system(s) to improve current process

Key Relationships

- Trading floor, Deals Desk, Trade Finance, Operational Treasury, Banks and Brokers, Internal Broker and Back Office

Reporting Structure

- FX Risk Manager at TGS

Equal Opportunity Employer

We are an Equal Opportunity Employer and take pride in a diverse workforce. We do not discriminate in recruitment, hiring, training, promotion or other employment practices for reasons of race, colour, religion, gender, sexual orientation, national origin, age, marital or veteran status, medical condition or handicap, disability, or any other legally protected status