Senior Associate Treasury

Senior Associate Treasury

Job Type: Full Time

Location: Maharashtra

Job Summary

The FX Back Office will play a crucial role in supporting and managing post-trade activities within the foreign exchange operations. This individual ensures the smooth and efficient processing of FX transactions, confirmations, settlements, and related activities in compliance with industry standards and regulatory requirements.

Responsibilities

• Supporting for setting up and operationalising the NIPL Forex Management (NFM)
• Assisting in deploying Forex management strategies to mitigate the risk of adverse currency movement
• Assisting front office on trade confirmation, confirm trades with counterparties and ensure accuracy and completeness. Manage end to end FX operation for ITC.
• As part of compliance and governance functions, monitor FX rates and related news and raise timely escalations with banks and internal stake holders in case of variances in margins charged over rates.
• Handle the settlement with international partner and AD1 Banks of FX trades.
• Ensuring that forex management activities are carried out in accordance with approved policies and guidelines. Compliance of FX Risk Management Policy and Internal Policies.
• Negotiation with Banks for FX pricing and setting up FX limits with banks and related documentation.
• Ensuring Forex management related compliance and regulatory requirement. Keep abreast of changes in regulations affecting the FX market and implement necessary changes in processes.
• Smooth functioning of Day-to-Day activities of the Forex Management
• Maintaining the online business banking platforms and forex management systems ensuring the correct recording of all transactions and overseeing technical upgrades as required.
• Preparing daily/ monthly/ quarterly/ annually reporting on fx activities to the Head, CFO, CEO and Board.
• Identify and implement process improvement initiatives to enhance efficiency and accuracy. Liaise with IT to develop and test system enhancements.
• Reporting of FX transactions including month end close, reconciliations.
• Managing the internal and external audit processes and engagement with auditors.
• Working collaboratively with the business, operation and Back-office system acting as an escalation point for unresolved issues, provide specialist financial support and information that they value.
• Managing Bank and other External Stakeholder Relationships
• Working closely with our external consultants to build Fx and Fx related product offerings

Knowledge, Skills and Experience

• Bachelors degree in finance, Business Administration, Economics, or a related field.
• 2+ years of experience in FX back office or a related financial operations role.
• Strong understanding of FX products and market practices.
• Proficiency in using FX trading platforms and back-office systems.
• Excellent analytical and problem-solving skills.
• Strong attention to detail and accuracy.
• Effective communication and interpersonal skills.
• Ability to work under pressure and meet tight deadlines.
• Advanced proficiency in Excel and other data analysis tools.
• AI proficiency.

Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.