A job profile for an Assistant Manager in Treasury with a focus on Currency Markets involves managing an organization's exposure to foreign exchange rate fluctuations. This role is crucial for organizations engaged in international trade, currency transactions, or
multinational operations. Here's a detailed job profile for an Assistant Manager in Treasury
specializing in Currency Markets
Job Description:
An Assistant Manager in Treasury specializing in Currency Markets is responsible for effectively managing an organization's currency risk and commodity exposure. This role involves analyzing, strategizing, and executing transactions to optimize
currency-related financial operations
Key Responsibilities:
1. Risk Management:
- Analyze the organization's exposure to foreign exchange rate fluctuations arising from international transactions.
- Develop and implement strategies to hedge against currency risks, including forwards, options, and swaps.
- Monitor currency markets and execute hedging transactions to minimize financial impact.
2. Market Analysis and Forecasting:
- Stay updated on global currency markets, economic indicators, and geopolitical events that can influence exchange rates.
- Conduct financial analysis and research to anticipate currency market movements.
- Provide recommendations based on market insights to optimize hedging strategies.
3. Transaction Execution:
- Execute currency hedging transactions according to established strategies and risk management policies.
- Ensure accurate and timely execution of foreign exchange transactions.
- Collaborate with banks and financial institutions to secure competitive exchange rates.
4. Compliance and Reporting:
- Ensure compliance with regulatory requirements related to currency transactions.
- Maintain records of hedging activities and compliance documentation.
- Prepare reports on currency risk management activities and their financial impact.
- Prepare and submit documents as required by bank under on periodical basis.
5. Financial Forecasting:
- Collaborate with finance and accounting teams to incorporate currency hedging strategies into financial planning and budgeting.
- Assist in forecasting currency-related expenses or revenue.
6. Vendor and Banking Relationships:
- Manage relationships with financial institutions, banks, and currency service providers.
- Negotiate terms and contracts for currency hedging services.
7. Risk Assessment:
- Conduct risk assessments related to currency exposure, considering different scenarios and their impact on the organization's financial position.
8. Documentation and Reporting:
- Prepare regular reports on currency risk management activities, performance against targets, and effectiveness of hedging strategies.
- Communicate findings and recommendations to senior management.
9. Commodity Hedging:
- To prepare daily MIS report of hedging on LME.
- To check and maintain records of all pricings against physical sales or purchases, shipments, sales, dispatches etc.
- To analyse product spreads on daily basis.
- To place orders for hedging, spread locking, rollovers, carries etc.
- To prepare and update metal outlook, daily levels, intra day range, stock movements, inventory etc.
- All responsibilities as mentioned in point 1 to 8 above as may be applicable.
