Main Purpose:

The FX Risk Management Team is a middle office team managing Forex exposure arising from all the divisions: Trading, Finance, Overheads.
The team is responsible for identifying FX exposure, devising hedging strategy and executing the FX trades with internal traders. It involves constant interaction with commercial traders, deals desk and operators highlighting forex risk & market opportunities and updating the FX P&L in a timely manner.
Allocation of FX hedges to underlying exposure and settlement of derivatives on maturity with derivative back office is also managed by the team. The FX team also works with Treasury to manage liquidity in foreign currency accounts and minimize exposure & costs connected with interest rates and overdrafts.

Knowledge Skills and Abilities, Key Responsibilities:

• 0-2 years relevant work experience with exposure to Foreign Exchange markets, Derivative settlement, Cash / Liquidity Management.
• MBA in Finance, BMS (Bachelor in Management Studies), Post Graduate-Commerce
• Be flexible, open minded, comfortable in working with firm deadlines and able to handle stress situations.
• 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 English communication skills.

Key Responsibilities:

Responsible for the identification, analysis, mitigation and connected back-office activities of Foreign Exchange Risk Management arising from Trading and Investment business conducted in all divisions of Trafigura.

  

• Preparing daily reconciliation of Bank balances.
• Execute and manage system booking of FX trades with internal broker.
• Booking of FX hedges, PnL and reporting.
• 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:

• Deals Desk, Trade Finance, Operational Treasury,  Internal Broker and Back Office