Main Purpose:
The FX Risk Management Team is a middle-office team responsible for managing Forex exposure across multiple divisions, including Trading, Finance, and Overheads. The team identifies FX exposure, develops hedging strategies, and executes FX trades with internal traders. This role involves frequent interaction with commercial traders, the deals desk, and operators, highlighting forex risks, market opportunities, and updating the FX P&L in a timely manner. The team also manages the allocation of FX hedges to underlying exposures and oversees the settlement of derivatives at maturity with the back office. Additionally, the FX team collaborates with Treasury to manage liquidity in foreign currency accounts, minimizing exposure and costs related to interest rates and overdrafts.
Knowledge Skills and Abilities, Key Responsibilities:
- Experience: 4-6 years of relevant experience, with a strong understanding of Foreign Exchange markets, Interest Rates, Cash/Liquidity Management, and Risk Management. A minimum of 2-3 years of experience in FX trade execution is preferred.
- Qualifications: CA or MBA in Finance and FRM certification are preferred.
Soft Skills: Ability to work under pressure with tight deadlines, flexibility, and a proactive attitude. - Teamwork: Strong team-player qualities and a dynamic personality with energy and drive.
- Technical Skills: Proficiency in Excel. Familiarity with multiple systems is a plus.
- Communication: Excellent English communication skills, both written and verbal.
Key Responsibilities:
The role is responsible for identifying, analyzing, mitigating, and managing the back-office activities associated with Foreign Exchange Risk arising from Trafigura’s Trading and Investment business.
- Collaborate with Traders, Operations, and the Deals Desk to identify FX risks.
- Understand FX exposure and currency regulations, developing hedging strategies for new geographies and business lines.
- Execute FX trades with internal brokers.
- Monitor markets for key events, opportunities, and early signs of distress, providing timely updates to management and traders.
- Allocate hedge P&L to underlying exposures and assess hedge effectiveness.
- Work closely with the Derivatives Back Office to agree on daily settlements and resolve discrepancies.
- Partner with Treasury to manage liquidity in foreign currency accounts and reduce exposure and costs associated with interest rates and overdrafts.
- Support FX reconciliations and assist in the development of FX systems to improve processes.
Key Relationships and Department Overview:
- Trading floor, Deals Desk,
- Trade Finance,
- Operational Treasury,
- Banks and Brokers,
- Internal Broker
- Back Office