Treasury Operations:Team - Forex

Experience: 7 - 9 Years

Treasury Operations:Team - Forex

Internal Usage:

No. of Vacancies: Reports to:Treasury Operations: Head - Fx Interbank & Merchant/Overseas/Non-SLR/ Bullion

Is a Team leader?NTeam Size:

Grade:AM-SM

Business:Corporate Center Department:�Wholesale Banking Operations Sub-Department:WBO - TO

Location: CO - Mumbai

About Treasury Operations

Treasury Operations handles all the operational activities for Treasury Products. The department is responsible for smooth functioning of deal acceptance, verification, settlement, accounting valuation, reconciliation and MIS relating to all Treasury Products for Domestic as well as international branches. They are also responsible for payment via RTGS and NEFT as well as custodial services which includes custody settlement, client onboarding and fund accounting.

About the Role

The official is required to know about Verification and acceptance of FX Trade, settlement of FX Trade, monitoring and compliance of various circular issued by the regulatory authority and other associations, reconciliation of various trading platform, Notro Funding and Swift Payment, Settlement of Forward Contract Cancellation, LTFX Valuation and MIS reporting�������������������������������������������������������������������������������������������������������������������������������������������������������� and Preparation of Fund Flow Statement

Key Responsibilities

� Verification and acceptance of Overnight trade and trade done during the Day through Reuters / Platform / Broker / phone� comparing� counterparty Name ,trade date, value date ,currency pair, exchange rate and settlement method with� Finacle Treasury system.(Approximate trade count� for the day is 1300 to 1400 trade)

� Monitoring the FRS for deals reporting to CCIL and Monitor IRIS/UBS Key link platform for� TOM/SPOT/forward alleged report if any deals appear in alleged cross verify the same with our system if found any discrepancy at our end initiate rectification process else inform counter party to report appropriate rectification.

� Keeping track of cash deal and originating settlement through RTGS / Swift & Finacle.

� Various Reconciliation with regards to Trade done on platform, GL reconciliation for ensuring flowing of contingent and EOD entry.

� Generating A3 for Vostro funding and ensure same should reach on time to concern intermediary Bank.

� Follow-up and obtain forward trade confirmation from counterparty for Unconfirmed trade confirmation generated for previous trade date through various report ,� which are send to counterparty via Fax or mail.

� Reuter Messenger chat Verification for Approximate 30 Dealers for Unusual chats as per Reuter Messenger chat policy.

� Ensure ack/nack of the entire trade confirmation (i.e. MT300, MT320) as well as settlement payment message for the day.

� Monitoring Trade for Match, Unmatched and alleged status of TR segment and initiate rectification process if discrepancy observed

� Responsible for the settlement of Vostro Deals and preparation of RBI return

� Responsible for reconciliation of transaction inputted by Front Office and responded by Trade Finance Centre.

� Responsible for Forex Valuation and MIS Reporting.�

Qualifications

Optimal qualification for success on the job is:

� Graduate/ Post graduate from a recognized institute

� 2-5 years of relevant work experience

Role Proficiencies:

For successful execution of the job, the candidate should possess the following:

� Knowledge of industry and product trends

� Knowledge of regulatory guidelines and norms

� Good communication (both verbal and written) skill

� Ability to handle pressure and meet deadlines