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Job Description of : Forex Settlement - Manager

Job Title : Manager

Department : Forex Settlement

Reports To : Senior Manager

Experience : 10 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 and can lead the related business/projects
3) Team building and Team working
4) Project Execution skills with internal/external team members
5) Good communication skills  
6) A team-player, able to work under tight deadlines and manage multiple concurrent projects 
7) Ability to priorities, work independently and exercise good judgment

Functional Competencies :

Sound knowledge of Forex operations, Nostro accounts, fund settlement, banking regulations, accounting, and payment systems. Expertise in Forex clearing and settlement

Job Purpose :

1) 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. 
2) The incumbent will have to Coordinate and manage the functioning of the payment and settlement systems and manage the UAT process of the system development.

Area of Operations :

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

Key Responsibility :

1) Oversea smooth functioning of all operations for payment and settlement at CCIL Office
2) Develop capabilities to handle clearing and settlement of new instruments 
3) Communicate with the Regulators for necessary approvals and for reporting 
4) Interact with member banks and respond to all queries 
5) Handle documentation and correspondence 
6) Coordinate with other departments 
7) Take part to the product UAT process

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.