Foreign Exchange Specialist

FX Risk Management Execute FX spot, forward, and swap transactions in line with the company’s hedging strategy. Monitor and manage daily FX exposures and ensure alignment with internal risk limits. Liaise with banks and financial institutions to obtain competitive FX rates and market insights. Analyse market trends, macroeconomic indicators, and geopolitical developments to support FX decision-making. Collaborate with internal stakeholders for Forex Exposure collation. Ensure compliance with internal policies, RBI/SEBI regulations, and audit requirements. Assist in developing and implementing FX risk management strategies and policies. Record accounting entries in SAP for newly booked forex hedge contracts, premature utilisation, early delivery charges (cash flow), and hedge contract cancellations. Investment Reporting Responsible for reporting downstream investments with AD Bank for obtaining approval of Form DI through the RBI FIRMS Portal. Prepare and submit Form FC for overseas investments, including updates related to changes in SDS details and liquidation of SDS entities. Month/ Quarter End/Yearly & Daily activities Preparing and passing provisional entries on monthly basis relating to CG Commission, FX Derivative MTM, ECB MTM, and charging cost to books quarterly pertaining to ECB Interest. Reconcile FX Derivative Contracts between SAP and bank records. Preparation of Fx P&L monthly and Board note quarterly. Preparation of UFCE quarterly and circulating to AD banks. Preparation of Annual Performance Report for overseas subsidiaries Preparation of FLA yearly. Preparation of Anticipated exposure yearly for circulating to AD banks to set up limits for Hedging limits. LEI Renewal for Ashok Leyland limited QUALIFICATIONS & EXPERIENCE: Qualified Chartered Accountant with 5–8 years of experience in a corporate treasury or bank with FX dealing exposure. Understanding of FX markets, instruments, and risk management practices. Understanding of Accounting for Financial instruments Knowledge of RBI guidelines and FEMA regulations. Show more Show less