Manager/Senior Manager/AVP - Forex Dealer - BFSI

Job Role/Title: Dealer-Forex Dealer

Department: Treasury Front Office

Location: BKC, Mumbai

Reports To (Role): Head Treasury/ Chief Dealer

ROLE DESCRIPTION:

As a Forex Dealer the role will be

- To develop a Trading strategy to maximize income out of trading in USD/INR and Cross Currency pairs.

- Understanding of Fundamental and Technical aspects for taking trading positions in Forex Market.

- To develop new products, business relationships and enhance existing relationships.

KEY RESPONSIBILITIES:

- Taking Proprietary trading position in USD/INR and cross currency pairs to achieve the targeted income.

- Quote Forex rate to merchant and cover the position in the interbank market.

- Maintain net overnight open position and AGL as per Bank's prescriptions.

- Hedging FCNR (B) in forex forward market using appropriate products.

- Liaison with internal and external stakeholders.

- Increase wallet share of the bank through customer transactions.

- Hedging of PCFC. Borrowing and lending in Foreign currency.

- Prepare Card rate and circulate to concerned departments.

- Manage Nostro balances to ensure maintenance of optimum balances.

- Manage fund flows and getting it tallied with Treasury Back office.