CA Freshers

Qualification : CA Freshers

Position :

Forex Trade Assistant

Reports to : Forex Head

Base location : Bangalore, India

Job Description :

Forex Trade Assistant is required to work on mainly Forex Hedging related activities and is a part of Global Forex desk of ETG. This role requires close working with the all Treasury teams, Country Finance Controllers spread across various geographies. The profile requires sound knowledge of Financial Markets, ability to execute trades at best available prices, information about markets movements and ability to take FX covers sometimes in highly volatile environment

The ideal candidate should have prior exposure to markets in terms of dealing in various currencies and commodities, ability to identify FX exposure from different components and take prompt action. The candidate need to have good understanding of Marco economic factors like GDP, Interest rate movement, Inflation, Current Account flows and how these factors affect Currencies, Equities commodities markets. He needs to keep himself abreast with latest global developments by reading various research reports published by banks.

The candidate is required to develop robust mid-office and back-office reporting sheets for all FX transactions. He / She should provide timeline reports to various internal stakeholders such as Risk, Commodity desks and Finance teams.

Primary responsibilities :

DAILY

Tracking Forex exposure from countries / ERP / Treasury

Arriving at hedge-able versus non-hedge able exposure.

Discuss with Trader / Country F.C. to arrive at net amount and tenor for FX covers

Checking rates with banks, negotiating hard for competitive pricing and then close at the best price available

Deal on Online Trading platforms, wherever possible

Updating Outstanding hedges file on Real time basis

See if any hedge is maturing. Discuss with stake holders on delivery / Cancellation / Roll-over of the hedge

Prepare and circulate summary report of all deals concluded during the day

WEEKLY

Weekly exposure tracking country-wise from Risk packs

All hedges taken versus exposure check – every Friday

MONTHLY

Monthly exposure tracking from country MMRs

Getting MTM reports from banks for open hedges

Prepare MIS reports for management

Education qualification and desired experience :

Probationary Officer Bank / CA

CA Qualified

Skills required :

Fundamental and Technical knowledge about Currency market

Managing foreign currency exposure risks of the bank / corporate

Implementation of Risk management policies for foreign exchange related risks

Knowledge and understanding of International Foreign Exchange market

Knowledge of Exposure Tracking and maintaining prescribed hedge ratio as per Fx policies

Knowledge about FX instruments like Spot, Forwards, Options, Swap and their pricing

In-depth knowledge about Macro economic factors like GDP, Inflation, Capital flows, Unemployment rate, Forex Reserves etc.

Negotiation Skills for improved rates from banks

Ability to use Reuters / Bloomberg / Ticker and Online Trading platforms

Behavioural competencies :

Strong analytical and rational skills

Positive attitude and ability to understand complex transactions

Quick learner and able to grasp business knowledge

Good communication skills and a team player

Travel :

Only at initial stage, later infrequently

Compensation :

Competitive (depending on the level of experience)

About the Company :

Export Trading Group is the largest agricultural-commodity supply chain company in Africa. The Company originates (buys) crops at farm gate “up country” in 25 African countries, aggregates and processes them in a network of proprietary facilities, and exports them internationally. Using this infrastructure in reverse, the Company imports fertilizer and rice, breaks bulk and processes them, and distributes them to smallholders.