Mecklai Financial :Senior Manager-Forex Risk Analyst/Consulting

Nexthire

  • Mumbai, Maharashtra
  • Permanent
  • Full-time
  • 1 month ago
  • Senior Manager-Forex Risk Analyst/Consulting
  • Location – Mumbai
  • Experience – Minimum 5 to 8 years
  • Job Summary
  • Deliver high quality advisory services on FX markets to clients, helping them manage
  • FX risk.
  • Analyze the business and risk profile of corporate clients and articulate
  • strategies for managing their FX risk; use this understanding to provide
  • recommendations and support of the client's risk management team.
  • Client-facing involving considerable interaction with each client's treasury team, CFO and
  • other stake holders.
  • Selling our services
  • Client acquisition requires in-depth understanding of market risk and its
  • implication on business cash flows and profitability, and, of course, high
  • intensity communication and follow-up.
  • Undertake cross-selling of all our services, including Advisory Support, Risk
  • Management Policy formulation, Policy review, Online MIS service, Mecklai
  • Risk Manager (MRM, a treasury tech solution), Trade Finance services,
  • Currency futures, Derivative Valuation and Hedge Accounting, etc.
  • Regional development
  • Work closely with our Bangalore and Chennai branches to expand South India
  • by acquiring new clients, and upgrading our existing relations by delivering
  • higher-end services. It will require frequent travel to the region to meet the
  • team, existing clients and prospects.
  • Duties and Responsibilities
  • You will need to track financial markets (primarily FX but also allied markets, like
  • commodities, equities, etc.) and develop currency views and strategies for both short
  • and long tenors for USDINR and all other major currencies
  • Translate these views to actionable hedging/trading strategies, customized to
  • specific client requirements
  • Drive and close sales of services offered by Mecklai from self-generated leads. As
  • required, your reporting manager will provide support in this.
  • Call clients regularly as per agreed charter (daily, fortnightly, monthly, etc.) and build
  • the relationship to where you become their extended market risk support partner.
  • End-To-End responsibility for clients, including invoicing, renewal of accounts, finding
  • ways to increase fees, and steadily enhancing the quality of service delivery
  • Participate in and provide inputs for internal training sessions for knowledge
  • sharing with the team.
  • Skills and Qualifications Required
  • MBA in Finance/CFA/FRM.
  • Minimum 5 to 7 years of experience.
  • Strong relationship skills; ability to build sustainable bridges with clients; ability to
  • manage currently small staff in South India (3 people) and to recruit and manage
  • more staff as the business grows
  • Practical domain expertise in currency markets; knowledge of financial products like
  • forwards, options, swaps, etc.
  • Ability to focus on and understand each client's business looking at several
  • issues, including, sales cycles, pricing issues, working capital constraints,
  • business margins, etc.
  • Thorough knowledge of fundamental and technical analysis.
  • Complete ease with regular-use programs like Microsoft Excel, Word, Google
  • spreadsheets, etc.
  • Strong communication (written/oral) skills.
  • Enthusiasm about working with internal teams
  • About Company
  • Mecklai Financial is the leading FX risk management consultancy in India – our head office is in Mumbai with branches
in Bangalore, Chennai and Delhi. We have been deeply engaged with financial markets for over 40 years and have
advised more than 10,000 companies on how best to manage FX risk. We provide clients with a unique value
proposition combining a real-time “feel” of markets with a sound understanding of corporate business processes. * Markets Advisory
  • Our Forex Advisory service keeps you in minute-to-minute touch with the market through our live price ticker
which enables you to negotiate the finest rates with your bankers. Our price ticker is recognized as the most
accurate and cost-effective market feed, since it is updated from the broking office of our sister company,
Mecklai & Mecklai, one of the leading interbank brokers in the country.
Our FX Risk Advisory is a value-added service, where we assign a team of two dedicated advisors to
understand your business and risk profile and provide you hedging advice customized to your needs.
These services can be supported by MIS-Online, an electronic dashboard which enables you to see, both
graphically and in tabular form, the rupee value of your FX portfolio compared to different benchmarks, as well
as its hedge status, transaction-wise realizations, and gain/loss (for MTM purposes). * Link:

Nexthire

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