Vice President - Forex Settlement

Role : VP Forex Settlement

CTC : 75 LPA + Benefits

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

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.

Behavioural & Leadership :

- Leadership skills, Team building and Team working

- User interactions management at senior level

- Good communication skills, Strong leadership skills

- Ability to think independently, conceptualize new products and steer the development of the products. Should be able to design new systems and give software requirements for development

- A fair understanding of technology and should be lead testing efforts for implementation of new products

- A team-player, able to work under tight deadlines and manage multiple concurrent projects

- Ability to priorities, work independently and exercise good judgment

- Proactive and solutions oriented, able to think outside the box and make connections through lateral-thinking.

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 FX- Swap),

- Manage the Sales & Marketing of Forex platforms (including FX-Retail) and other forex products in the department.

- 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