Overview
Senior Analyst – FX Risk Management, Trafigura (4-8 years of experience, Mumbai)
– The FX Risk Management Team is a middle-office team responsible for managing Forex exposure across multiple divisions, including Trading, Finance, and Overheads.
– The team identifies FX exposure, develops hedging strategies, and executes FX trades with internal traders.
– This role involves frequent interaction with commercial traders, the deals desk, and operators, highlighting forex risks, market opportunities, and updating the FX P&L in a timely manner.
– The team also manages the allocation of FX hedges to underlying exposures and oversees the settlement of derivatives at maturity with the back office.
– Additionally, the FX team collaborates with Treasury to manage liquidity in foreign currency accounts, minimizing exposure and costs related to interest rates and overdrafts.
Knowledge Skills And Abilities, Key Responsibilities :
Experience:
– 4-6 years of relevant experience, with a strong understanding of Foreign Exchange markets, Interest Rates, Cash/Liquidity Management, and Risk Management.
– A minimum of 2-3 years of experience in FX trade execution is preferred.
– Qualifications: CA or MBA in Finance and FRM certification are preferred.
– Soft Skills: Ability to work under pressure with tight deadlines, flexibility, and a proactive attitude.
– Teamwork: Strong team-player qualities and a dynamic personality with energy and drive.
– Technical Skills: Proficiency in Excel. Familiarity with multiple systems is a plus.
– Communication: Excellent English communication skills, both written and verbal.
Key Responsibilities:
– The role is responsible for identifying, analyzing, mitigating, and managing the back-office activities associated with Foreign Exchange Risk arising from Trafigura’s Trading and Investment business.
– Collaborate with Traders, Operations, and the Deals Desk to identify FX risks.
– Understand FX exposure and currency regulations, developing hedging strategies for new geographies and business lines.
– Execute FX trades with internal brokers.
– Monitor markets for key events, opportunities, and early signs of distress, providing timely updates to management and traders.
– Allocate hedge P&L to underlying exposures and assess hedge effectiveness.
– Work closely with the Derivatives Back Office to agree on daily settlements and resolve discrepancies.
– Partner with Treasury to manage liquidity in foreign currency accounts and reduce exposure and costs associated with interest rates and overdrafts.
– Support FX reconciliations and assist in the development of FX systems to improve processes.
Key Relationships And Department Overview:
– Trading floor
– Deals Desk
– Trade Finance
– Operational Treasury
– Banks and Brokers
– Internal Broker
– Back Office