Assistant Manager - Treasury - Currency Markets & Metals

Description:

A job profile for an Assistant Manager in Treasury with a focus on Currency Markets involves managing an organization's exposure to foreign exchange rate fluctuations. This role is crucial for organizations engaged in international trade, currency transactions, or multinational operations. Here's a detailed job profile for an Assistant Manager in Treasury specializing in Currency Markets

Job Description:

An Assistant Manager in Treasury specializing in Currency Markets is responsible for effectively managing an organization's currency risk and commodity exposure. This role involves analyzing, strategizing, and executing transactions to optimize currency-related financial operations

Key Responsibilities:

1. Risk Management:

- Analyze the organization's exposure to foreign exchange rate fluctuations arising from international transactions.

- Develop and implement strategies to hedge against currency risks, including forwards, options, and swaps.

- Monitor currency markets and execute hedging transactions to minimize financial impact.

2. Market Analysis and Forecasting:

- Stay updated on global currency markets, economic indicators, and geopolitical events that can influence exchange rates.

- Conduct financial analysis and research to anticipate currency market movements.

- Provide recommendations based on market insights to optimize hedging strategies.

3. Transaction Execution:

- Execute currency hedging transactions according to established strategies and risk management policies.

- Ensure accurate and timely execution of foreign exchange transactions.

- Collaborate with banks and financial institutions to secure competitive exchange rates.

4. Compliance and Reporting:

- Ensure compliance with regulatory requirements related to currency transactions.

- Maintain records of hedging activities and compliance documentation.

- Prepare reports on currency risk management activities and their financial impact.

- Prepare and submit documents as required by bank under on periodical basis.

5. Financial Forecasting:

- Collaborate with finance and accounting teams to incorporate currency hedging strategies into financial planning and budgeting.

- Assist in forecasting currency-related expenses or revenue.

6. Vendor and Banking Relationships:

- Manage relationships with financial institutions, banks, and currency service providers.

- Negotiate terms and contracts for currency hedging services.

7. Risk Assessment:

- Conduct risk assessments related to currency exposure, considering different scenarios and their impact on the organization's financial position.

8. Documentation and Reporting:

- Prepare regular reports on currency risk management activities, performance against targets, and effectiveness of hedging strategies.

- Communicate findings and recommendations to senior management.

9. Commodity Hedging:

- To prepare daily MIS report of hedging on LME.

- To check and maintain records of all pricings against physical sales or purchases, shipments, sales, dispatches etc.

- To analyse product spreads on daily basis.

- To place orders for hedging, spread locking, rollovers, carries etc.

- To prepare and update metal outlook, daily levels, intra day range, stock movements, inventory etc.

- All responsibilities as mentioned in point 1 to 8 above as may be applicable.

Preference: MON TO SAT

9 TO 6 / 6.30

2nd and 4th sat off

Skills:

Qualifications:

- Bachelor's degree in Finance, Economics, or a related field. Advanced degrees or relevant certifications (e.g., CFA, FRM) can be advantageous.

- Several years of experience in treasury, finance, or risk management roles, with a focus on currency markets.

- Knowledge of LME markets and MCX is added advantage.

- Strong understanding of global currency markets, exchange rate mechanisms, and currency trading.

- Proficiency in financial analysis, modelling, and risk assessment.

- Knowledge of financial instruments used in currency hedging (e.g., derivatives).

- Excellent communication and negotiation skills.

- Attention to detail and ability to manage complex financial transactions.