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Job Description of : Forex Settlement - Assitant Manager II

Job Title : Assistant Manager II

Department : Forex Settlement

Reports To : Senior Manager

Experience : 5 years +

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

Required Qualification : MBA (Finance), CA, CFA, Graduate with relevant Profile

1) Technical:
2) Behavioural & Leadership:

Core Competencies :

1) Fair understanding of Forex operations, Nostro Accounts, fund settlement of banks and customers, accounting, regulations, etc. 
2) Should have sound understanding of the IT framework of forex, payment and settlement business functioning 
3) Team working
2) Good communication skills  
3) A team-player, able to work under tight deadlines and manage multiple concurrent projects 
4) Ability to priorities, work independently and exercise good judgment

Functional Competencies :

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

Job Purpose :

1) The incumbent will have primary responsibility of executing forex payment and settlement operations, coordinate with various stakeholders, Member banks and other entities. 
2) The incumbent will have to Coordinate and manage the functioning of the payment and settlement systems at the CCIL

Area of Operations :

1) Execute all operations for clearing and settlement of Forex (USD-INR and FCY/INR (Non-USD) Settlement, NDF, Forex Forward and CLS)

Key Responsibility :

1) Ensure smooth functioning of all operations for payment and settlement 
2) Interact with member banks and respond to all queries 
3) Handle documentation and correspondence 
4) Coordinate with other departments

Any Other Requirement :

This is a junior 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.