Treasury / Trade Finance / Risk management - Senior Manager-TKIL

Role & responsibilities

Forex Risk management:

1) Identify, measure, and monitor the companys foreign currency exposure risk.

2) Execute hedging transactions with banking partners while ensuring best-execution practices.

3) Monitoring of EEFC balances and handling timely disposal of FX funds.

4) Support development and maintenance of FX risk management policies and procedures.

5) Assist with internal audits and regulatory reporting as required.

Bank Guarantee management:

1) Review / Monitor bank guarantee applications (Bid Bonds, Performance Bonds, Advance Payment Guarantees, Retention Guarantees, Financial Guarantees, etc.) to designated banks.

2) Ensure all requests comply with bank requirements and internal policies.

3) Ensure compliance with internal financial policies, bank facility conditions, and regulatory guidelines.

4) Monitor validity, expiry dates, and collateral requirements.

Letter of Credit management:

1) Review / Monitor issuance of domestic & foreign letters of credit (LC) within agreed TAT.

2) Vet / standardise LC drafts with vendor in co-ordination with Procurement team

3) Analyse LC clauses, highlight the commercial impact / risks if any in the clauses.

4) Co-ordinate with banks for timely issuance of LCs and ensuring closure of LCs in bank books post transaction completion.

5) MIS tracking & reporting w.r.t. LC issuances / amendments / limit usage.

Import payments

1) Handling Import payments -- Material & Services along with documentary checks & compliances.

2) Dealing with banks for payment execution. Submission of regulatory documents as required by the banks for payment execution for goods / services as the case may be.

3) Co-ordinate with banks towards closure of open ORMs / IDPMS items.

Supporting roles:

1) MIS & dashboard reporting to management

2) Implementation of digitalisation initiatives in trade finance domain.

Skill required:

1) Strong understanding of FX instruments & functioning of currency markets.

2) Good understanding of UCP 600 guidelines

3) Must be proficient in understanding of the LC clauses / BG texts

4) Must have a good grasp of the banking trade piece / dealing with banks on sensitive clauses

Preferred candidate profile

1) Strong understanding of FX instruments & functioning of currency markets.

2) Good understanding of UCP 600 guidelines

3) Must be proficient in understanding of the LC clauses / BG texts

4) Must have a good grasp of the banking trade piece / dealing with banks on sensitive clauses