Manager - Forex Treasury - FMCG

Manager - Forex Treasury

Executive Hiring is looking for a Manager - Forex Treasury, for a large FMCG Conglomerate at Kolkata.

An MBA in Finance from Premiere B. School or a CA with at least 7-10 years of relevant experience.

The role in brief :

Job Description : Manager - Forex Treasury

Location : Corporate HQ, Kolkata

Job Profile :

Responsible for managing the company's foreign exchange exposures and delivering annual profit targets while operating within the Company's approved risk management framework and extant regulations. Also responsible for investing Superannuation Funds of the Company based on approved internal/statutory guidelines.

Foreign Exchange Risk Management :

- Formulate strategy to manage the Company's foreign exchange exposures

- Evaluate and recommend hedging tools appropriate for hedging foreign exchange risk

- Develop views on currencies, interest rate trends and explore trading opportunities by making use of approved derivative structures

- Ensure achievement of planned profit targets and optimization of revenue through trading in foreign currencies within the approved risk limits

Support to Business :

- Interact with Business teams to identify and quantify foreign exchange risk and work with them to pro-actively hedge identified risks

- Keep Businesses advised on currency market movements and trends

Superannuation Funds :

- Proactively manage the annual investments of Superannuation Funds of the Company based on views on interest rate and equity market movements. Keep updated on regulatory changes impacting investment pattern's and ensure compliance with the same.

- Manage the ALM of the funds to meet payment obligations

Others :

- Provide periodic updates to senior management on exposure management, market news, events and trends

- Deliver special assignments relating to risk management practices of Divisions/Group companies as may be identified from time to time

- Network with treasury staff of Banks / Corporate and interact with regulators to develop insights into future market trends.

- Keep abreast of changes in related Accounting Standards impacting Forex management operations and its impact on Company's Financial Statements.

- Track changes in exchange control guidelines, assess the impact on the market, and incorporate the same into hedging/ trading strategies to maximize exchange gains.

- Ensure smooth functioning of the Forex dealing room and compliance to internal guidelines and regulatory requirements.

- Review internal guidelines / policy manual and Treasury Management System to provide necessary inputs on ongoing basis to keep it contemporary

Job Dimensions :

Forex management :

- Over $1.5 billion of cumulative exposures per annum

- Over $300 million of outstanding exposure at any point in time

- Forex transactions with ~10 Banks both public / private sector and foreign Banks

- Exposure transfer from over 13 businesses of ITC and support to Group companies Superannuation Funds deployment

- Total corpus - Rs. 1500 crores

- Annual investments around Rs. 150 crores to Rs. 175 crores

Job Reporting & Team :

The job reports to Head - Treasury of the Company and leads a team of Forex traders.

CTC :

The incumbent will be a senior professional and the compensation offered would be at par with industry trends, individual's experience and abilities and the company's terms and conditions.

Sanjoy Chatterjee
+ 91 9046968619
Executive Hiring