About the company
Our client is one of India’s leading private banks, incorporated in August 1994, with its registered office in Mumbai, India. Their business philosophy is based on five core values – Operational Excellence, Customer Focus, Product Leadership, People and Sustainability. As of September 30, 2023,the Bank’s distribution network is at 7,945 branches. The Bank’s representative office in Singapore provides information on home loan products for purchase of residential property in India.
Purpose of the Job
The Overseas Desk Dealer role in the Overseas Desk is responsible for Overseas Branch
Treasury, which includes the Branch’s balance sheet management, short term fund raising,
deposits and advances pricing, FI relationships with local banks, quoting on Treasury
products to the customers and representing the Bank for Treasury functions in the branch.
In addition to this, dealer is also required to execute interbank trades in FX, NDF, Bullion,
interest rates, options, Bonds etc
The role’s objective is :
- Support and back up to the Senior dealer to manage the local balance sheet of the branch in terms of Assets and Liabilities
- Quoting NDF, Bullion, interest rates, options, Bonds etc to clients
- Represent Treasury in the Branch
- Local level short term fund raising and NII target.
- FI relationships with local banks
KEY RESPONSIBILITIES
Financial Objective
- NII revenue as per budget from Asset/Advances pricing to the business, both in terms of Transfer pricing as well as actual pricing.
- Reduce cost of borrowings by arranging lower cost borrowings
Non-Financial Objective – Risk Management and Liquidity Management
- Liquidity Management as per the regulatory and Bank’s requirement of the desk Gap Management
- Understanding risk parameters with respect to exposures and movements in the markets.
- Other risk variable parameters management like counterparty limits, settlement risk limits
Relationship Management – external and internal
- Manage the internal stake holders, viz. relationship managers in various Business groups to mobilise deposits and loans products for the branch.
- Counterparty / FI Relationship Management and Intelligence. Interact with market participants to gather information.
- Direct coverage of Banks and brokers for optimizing of borrowing lines, especially trade and money market lines
- Target new funding lines from Banks, new counterparts for FX, NDF, Bullion, interest rates, options, Bonds
- Operations team for ensuring smooth transaction processing
Internal Processes and Regulatory Compliance
- Ensure fulfillment of all transactions in the given TAT, with zero error, while adhering to the process and policies of the Bank.
- Hedging of all positions arising out of the transactions covered
- Capturing all transactions in all the front office systems of the bank as per the policy
- Ensuring all treasury related documents are submitted by the customer in defined TAT
- Follow the process of Suitability and Appropriateness policy of the Bank and adhere to the pre-defined processes
- Ensure compliance with all internal / external guidelines, well versed with all guidelines pertaining to the Desk, ensure compliance with all the risk / credit limits pertaining to the desk activities.
Skill Requirements
1. Aptitude and attitude to financial markets. Typically a Post Graduate/MBA in
Finance, CA.
2. Treasury product knowledge, including knowledge about pricing. Adequate knowledge of markets, with ability to interpret data and use it for business opportunities
3. Eagerness to learn
4. Good communication skills
5. Strong analytical and mathematical acumen, data interpretation skills
6. Good Relationship skills & Team player
7. Regulatory knowledge and Compliance orientation
8. Grooming (critical as need to interact with external people in overseas)
9. Extremely high levels of integrity
10. Ability to Multi-task
Kindly be informed that only shortlistedcandidates will be contacted.
Khandalkar Deepti Sunil
Direct line: 66318505 (Ext.309)
EA licence no.: 19C9769
Email: [email protected]
Personal Registration number: R1545009
