Trafigura - Senior Analyst - FX/Risk Management
2 weeks ago
Senior Analyst - FX Risk Management, Trafigura (4-8 years of experience, Mumbai)
- 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
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