Manager-Forex Settlement, Mumbai

Job Description:

JOB DESCRIPTION for Manager – Forex Settlement

Job Title: Manager – Forex Settlement

Department: Forex Settlement

Reports to: Senior Manager

Required Qualification:

Preferably MBA (Finance), CA,CFA, Graduate with relevant Finance Profile

Experience:

Experience of at least 8 years in the front office and/or back office of the treasury in Foreign Exchange, Payment and settlement area preferably in a bank.

Skill, Knowledge and Trainings:

Technical:

 Fair understanding of Forex operations, Nostro Accounts, fund settlement of banks and customers, accounting, regulations, etc.
 Should have sound understanding of the IT framework of forex, payment and settlement business functioning and can lead the related business/projects

Behavioral and Leadership:

 Team building and Team working
 Project Execution skills with internal/external team members
 Good communication skills
 A team-player, able to work under tight deadlines and manage multiple concurrent projects
 Ability to priorities, work independently and exercise good judgment

Job Purpose:

 The incumbent will have primary responsibility of executing forex payment and settlement operations, coordinate with various stakeholders including the Regulator, Member banks and other entities.
 The incumbent will have to Coordinate and manage the functioning of the payment and settlement systems at the GIFT City, Gandhinagar

Key Responsibility:

 Execute all operations for clearing and settlement of Forex (USD-INR Settlement, Forex Forward and CLS)
 Oversea smooth functioning of all operations for payment and settlement at the GIFT City, Gandhinagar
 Develop capabilities to handle clearing and settlement of new instruments
 Communicate with the Regulators for necessary approvals and for reporting
 Interact with member banks and respond to all queries
 Handle documentation and correspondence
 Coordinate with other departments where necessary

Any other Requirement:

This is a middle management position for shouldering responsibilities as part of leadership team and contributing to multiple areas related to Forex. Candidate will normally be working in general shift. However, based on the need of the hour, the candidate may have to extend his working hours.