Chief Manager and Forex Dealer

PRODUCT MANAGER & DEALER

Company Name – Muthoot Fincorp Limited

Job Title – Chief Manager  & Forex Dealer 

Grade – 

Designation – Chief Manager

Location –Thiruvananthapuram

Reports to –   Business Head - Fx & Payments

Span Of Control –

Job Purpose

Key Job Responsibilities

Live Rate Management & Margin setting through Ticker Plant, Bank central tie-up & enplanements 

Hedging tool management -Cash /Tom/Spot & Forward, and implementation. 

Rate cover with Bank-Fx platform Bank Notes/Travel Card/ Outward remittance & FCDD etc., Bulk sales & bulk purchase coordination with Wholesale -Desk and FFMC/AD-I & II.  Dealers should bring daily margin at each product vertical by understanding the market movement with available banknotes inventory.

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 place import orders through bank partners. 

Coordinate and build tech support Fx platform to bring host-to-host Ad-I &II transactions.  Market research and awareness to line managers. 

Supervisors the Wholesale desk and its day-to-day activities and coordinate with RM and set up the dealing desk at various market, enabling & bringing smooth transaction process in real-time to protect the revenue loss.

Bank partners Settlement both Travel card & AD-II remittance business and claim the receivables on time to strengthen the Fx revenue.  Fund management & fund obtainable report, track the wholesale fund utilization & volume enhancement.

Prepaid Travel card Sales focus and enhancement by coordinating with the Sales team. 

Enable Net banking & API process. Building multiple partner relationships for the central arrangements & etc.,

Ensure the Eco-partner commission /incentive pay-out is within the threshold limit. And ensure the Currency & Travel card inventory management. 

Responsible for the Dealing room as a profit centre by ensuring the dealing margin, He/she needs to take care of the various Partner relationship and communications both internally and externally. Hedging tool management -Cash /Tom/Spot & Forward, and implementation. 

Rate cover with Bank-Fx platform Bank Notes/Travel Card/ Outward remittance & FCDD etc., Bulk sales & bulk purchase coordination with Wholesale -Desk and FFMC/AD-I & II.  Dealers should bring daily margin at each product vertical by understanding the market movement with available banknotes inventory.

Knowledge, Skills & Attributes

• Process Knowledge & Implementation Skills
• Business Development
• Communication Skills
• Basis IT skills such as Excel, PowerPoint etc
• Good understanding of systems 
• Forex Direct Sales & Branch Sales drive

Culture at Muthoot Pappachan Group

We do everything to gain and maintain the “Trust” of all the stakeholders and don’t do anything to lose their “Trust”. Trust is the overarching “Core Value”, one which, our other values have been built.

Our Core Values

Integrity

• Asking oneself before saying, doing or deciding on anything, whether it’s passing the test of integrity. No unethical shortcuts, to save time, money and energy. Strict adherence to regulatory and other statutory bodies guidelines. Transparency in all business deals. Offer solutions to customers on the basis of their needs only. Encourage people to highlight any practices that go against this core value

Collaboration

• Genuinely believe & treat the organization as your family. Encourage people to build healthy professional relationship with members of other departments and functions. Welcome feedback from other departments. Encourage people from other departments to join for brainstorming sessions. Look at the big picture (organization goals) rather than limiting the vision to the individual / department goal. Help others to achieve their goals / tasks

Excellence

• Maddeningly pursue excellence. Look for best outcomes before finalizing the approach. Maintain a constructive and critical mindset to gauge & ensure quality. Open for constructive feedback from others to refine the final output. Benchmark against the best only, should not be basis convenience. We should look for continuous improvement. Recognize and appreciate, if we observe any superior performance. Don’t get settled for less at any cost – display the go getter attitude. Encourage people to stretch in order to achieve excellence

Building on the bedrock of Core Values, below are the other key constituents of the “Culture Code”

• Honesty
• Humility
• Empathy
• Empowerment
• Agility
• Ownership
• Fresh Thinking & Continuous Renewal
• Inclusion
• Work-Life Balance