Main Purpose:

The FX Risk Management is a middle office team managing Foreign Exchange risk globally arising from all the divisions: Trading, Finance, M&A, and Overheads. The team’s primary responsibilities revolve around identifying the
Foreign Exchange exposure, devising hedging strategy and executing the FX trades with internal traders.

Commercially, the team contributes by providing traders with risk assessment and analysis which include efficient hedging strategies and market opportunities to optimise the P&L. The role involves constant interaction across
teams, Commercial Traders, Deals Desk, Operators, Trade Finance and Accounts, thereby providing an unprecedented learning experience in the world of trading.

The team also handles allocation of FX hedges to underlying exposure and settlement of derivatives on maturity with derivative back office. The FX team works closely with Treasury to run liquidity in foreign currency accounts and minimize exposure & costs connected with interest rates and overdrafts.

Knowledge Skills and Abilities, Key Responsibilities:

Knowledge, Skills and Abilities

• 7-10 years relevant work experience with exposure to Foreign Exchange markets, Interest Rates, Cash / Liquidity Management, Risk Management. Preferable 2-3 years of experience in FX trades execution.
• Experience in leading a team size of 5-10.
• MBA in Finance or CA, FRM Certification preferred.
• Should be flexible, , ensure execution and delivery within set deadlines Good team-player and an open personality with energy and drive.
• Should be proficient in excel.
• Familiarity with using multiple systems is a plus.
• Should have excellent interpersonal skills.

Key Responsibilities:

Lead the FX Risk Management team based in Mumbai. The team is responsible for the exposure identification, analysis, mitigation and connected back-office activities of Foreign Exchange Risk Management arising from Trading and Investment business conducted across all divisions of Trafigura. Be able to understand the underlying physical trading strategy and identify related market risks. Be able to understand the currency regulations and set up hedging processes in new geographies.

• Liaise with Traders, Operations and Deals Desk in identifying FX risks
• Understand FX exposure, currency regulations and design hedging strategies for new geographies and business divisions
• Implement FX trades with internal broker
• Actively supervise the markets for events, opportunities and early sign of distress in order to inform management and traders timely
• Allocate the hedge P&L to each underlying exposure and monitor hedge effectiveness
• Liaise with Derivatives Back Office in order to agree daily settlements and resolve discrepancies.
• Work with Treasury to manage account liquidity in foreign currency and minimize exposure and costs connected with interest rates and overdrafts
• Support all manners of reconciliation related to FX and development of FX system(s) to improve current process

Key Relationships and Department Overview:

Key Relationships

• Trading floor, Deals Desk, Trade Finance, Operational Treasury, Banks and Brokers, Internal Broker and Back Office