Assistant/Deputy Manager - Foreign Exchange - Bank

About the job:

Job Title: Asst./ Deputy Manager

Department: Forex Settlement

Reports to: Sr. Vice President

Required Qualification: Preferably MBA (Finance), CA,CFA, Post Graduate

Experience:

- Experience of at least 5 years in the front office and/or back office of the treasury in Foreign Exchange, Payment and settlement area preferably in a bank.

Skill, Knowledge & Trainings:

Technical:

- Fair understanding of Forex operations, Nostro Accounts, fund settlement of banks and customers, accounting, regulations, etc.

- Should have sound understanding of the IT framework of forex, payment and settlement business functioning and can lead the related business/projects

Behavioral & Leadership:

- Leadership skills, Team building and Team working

- User interactions management at senior level

- Good communication skills

- 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

Job Purpose:

- The incumbent will have primary responsibility of managing forex payment and settlement operations, coordinate with various stakeholders including the Regulator, Member banks and other entities.

- The incumbent will have to Coordinate and manage the functioning of the payment and settlement systems at the GIFT City, Gandhinagar

Key Responsibility:

- Coordinate and manage all operations for clearing and settlement of Forex (USD-INR Settlement, Forex Forward and CLS)

- Coordinate and manage all operations for payment and settlement at the GIFT City, Gandhinagar

- 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

Any other Requirement:

- This is a middle management position for shouldering responsibilities as part of leadership team and contributing to multiple areas related to Forex.

- Candidate will normally be working in general shift.

- However, based on the need of the hour, the candidate may have to extend his working hours

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