Forex Trade Assistant

As a Forex Trade Assistant working with the Global Forex desk of ETG in Bangalore, your main responsibility is to focus on Forex Hedging related activities. Your role will involve close collaboration with Treasury teams and Country Finance Controllers across different regions. It is essential for you to possess a strong understanding of Financial Markets, execute trades at optimal prices, monitor market movements, and make FX covers in volatile environments. Key Responsibilities: - Track Forex exposure from countries/ERP/Treasury on a daily basis - Differentiate between hedge-able and non-hedge-able exposure - Collaborate with Trader/Country F.C. to determine the net amount and tenor for FX covers - Check rates with banks, negotiate for competitive pricing, and execute trades at the best available price - Conduct deals on Online Trading platforms whenever applicable - Update Outstanding hedges file in real-time - Monitor maturing hedges and discuss delivery/cancellation/roll-over options with stakeholders - Prepare and distribute a summary report of all deals completed during the day Qualifications required: - CA qualification - Fundamental and Technical knowledge about the Currency market - Ability to manage foreign currency exposure risks of the bank/corporate - Proficiency in implementing Risk management policies for foreign exchange-related risks - Understanding of the International Foreign Exchange market - Knowledge of Exposure Tracking and maintaining prescribed hedge ratio as per FX policies - Familiarity with FX instruments like Spot, Forwards, Options, Swap, and their pricing - Thorough understanding of Macro-economic factors such as GDP, Inflation, Capital flows, Unemployment rate, Forex Reserves, etc. - Strong negotiation skills to secure improved rates from banks - Proficiency in using Reuters/Bloomberg/Ticker and Online Trading platforms In this role, it is important for you to develop robust mid-office and back-office reporting sheets for all FX transactions. You will also be required to provide timely reports to internal stakeholders including Risk, Commodity desks, and Finance teams. As a candidate, you should strive to stay updated with the latest global developments by reading research reports published by various banks. Your success in this position will be driven by your ability to demonstrate strong analytical and rational skills, maintain a positive attitude, understand complex transactions, quickly grasp business knowledge, possess good communication skills, and work effectively as a team player.,