Chief Dealer - Treasury Front Office - Domestic Private Sector Bank

Role: Chief Dealer - Treasury Front Office

Reporting to: General Manager, Treasury

Location: Mumbai

Company: Domestic Private Sector Bank

Education:

- Graduate in any discipline from a government-recognized university.

- Necessary certifications (IIBF/NIBM, etc.) as per RBI's capacity-building guidelines.

Experience:

- Minimum 7 years of experience in Treasury Front Office Operations / Treasury Dealings in a supervisory role within Scheduled Commercial Banks.

CTC: 30-35 LPA

Responsibilities:

Strategic and Planning:

- Contribute to the development of corporate strategy and ensure alignment during departmental strategy formulation, including objectives, targets, and initiatives.

- Recommend improvements to departmental policies and oversee the implementation of procedures and controls to ensure compliance with procedural and legislative requirements.

- Prepare and recommend the department's budget by analyzing specific elements as directed.

Functional:

- Track market movements to take and square off positions in domestic and forex markets.

- Oversee the execution of deals for investing, trading, and funding in SLR securities, non-SLR securities, lending and borrowing products like Repo/Reverse Repo, LAF, MSF, etc.

- Manage Forex deals for merchant and proprietary trading on behalf of the bank.

- Ensure trades are captured in the system to trigger position updates.

- Monitor currency-wise positions with each Forex desk deal and manage positions accordingly.

Process:

- Supervise day-to-day operations to ensure processes comply with established policies and procedures.

- Develop and maintain a robust internal control framework for managing Treasury front office operations.

- Please make sure that Service Level Agreements and turnaround times are followed.

- Monitor compliance with regulatory requirements such as lending ratio, cash reserve requirement, and limitations on overseas borrowing in foreign currency.

- Ensure Treasury Front Office operations are effective and efficient, aiming for high operating standards.

People:

- Maintain high standards of professional conduct, ethics, and integrity within the Treasury Front Office team.

- Foster a performance-driven culture through timely monitoring, review of performance parameters, and feedback.

- Identify training needs and ensure completion of mandatory training programs/certifications for self and team members.

- Mentor and coach subordinates to enhance team capabilities and build a strong succession pipeline.

- Ensure the department is adequately staffed as per manpower requirements.

- Promote high levels of employee engagement and retention of key performers.