Foreign Exchange Officer

Forex Officer

Company Name – Muthoot Fincorp Limited

Job Title –Forex Officer

Grade – JM3

Designation – 

Location – RAjkot 

Reports to – RSM - FX

Span Of Control – 

Job Role:

Bank & FFMC/AD-II central tie-up Bank Notes buy & sell, Advance order on import consignments subject to ground equipment & commitment. 

Plan advance booking with a partner on currency Sales to reduce to opportunity loss.  

Initiate & take care of the fulfilment of branch currency requirements and excess should be pooled out and surrendered to the market with a premium rate.  Similarly, WS-Desk buys at a premium/Interbank rate and helps the branch requirement to scale the retail sales. 

WS- Dealers should bring daily margin at each transaction (banknotes) vertical by understanding the market demand & Supply.

Build a direct relationship with key partners for central banknotes surrender and procurements, Understand the ground demand and plan for direct import or coordinate and initiate import orders through bank partners. 

Coordinate and work along with benches for bulk & retail buy & Sales of the zone /Region to increase the Wholesale desk revenue, enabling & bringing smooth transaction process in real-time to protect the revenue loss.

Fund management & fund obtainable report, track the wholesale fund utilization & volume enhancement with ROI.