FX Risk Manager

Location
Noida, Uttar Pradesh (IN)
Salary
INR 18-22 lakhs
Posted
05 Jun 2022
Closes
05 Jul 2022
Ref
FX
Industry Sector
Manufacturing
Employment Type
Full Time
Education
Masters

About Motherson’s Group

Motherson Sumi is a $10 billion Indian MNC in automotive components with operations across 41 countries. It is one of the largest manufacturers of wiring harnesses for commercial vehicles and rearview mirrors for passenger cars in the world and India's largest manufacturer of automotive wiring harnesses and mirrors for passenger cars. It is also a leading supplier of plastic modules and components in Europe and India. Visit www.motherson.com for more information

 

About Motherson’s Group Treasury function

Motherson’s Group Treasury team focuses on optimization treasury activities in Group’s different businesses verticals (200+ subsidiaries in 41 geographies) across areas such as funding, financial risk management (FX, interest rate and commodities), working capital & liquidity, supply chain finance and banking relationships.

 

The Global Treasury delivers value by forming strategies for treasury activities and ensuring that they are implemented across subsidiaries. It ensures that treasury policies, processes and guidelines are adhered at each subsidiary.

 

Motherson’s Global Treasury is expanding its team and is looking for a candidate with FX / financial markets experience. The ideal candidate will be working on the below mentioned areas:

 

FX:

Manage Global FX and interest rate exposure of Motherson Group across 50+ entities and 15+ currency pairs

Execute FX hedging through spot, forwards and derivative products to maintain policy hedge ratios and keep an optimum hedge portfolio to protect from financial risks

Cordinate with different subsidiaries to understand the nature of FX exposure and the risks

Devise strategies to reduce financial risk based on market outlook / market scenario

Risk analytics of FX exposure to take hedging decisions

Assist in committee meetings to present FX risk exposure and hedging performance

Interpret daily economic data releases of G – 7 countries and its effect on currency and interest rate movements

Track global current affairs related to currency, commodity and money markets and analyzing the subsequent impact on company’s currency and loan portfolio.

Prepare monthly reports on the FX markets and macro trends which are used for decision making by various business units

Other areas

Assist in initiating supply chain finance program at various subsidiaries for payable, receivables, inventory

Assist in devising and implementing strategies for optimizing cash balances across the Group through cash pooling

Working on opportunities for parking short term cash surpluses across the group and maximizing returns

 

Job location: Noida; work from office

Desired experience: 4 to 6 years

Salary budget: INR 18 – 22 lakhs

 

Ideal candidate would have worked in a corporate treasury handling multi-currency exposure

Qualification: MBA / CA;   CFA/ FRM would be an advantage

Knowledge of treasury platforms such as Bloomberg / Reuters is a must

Knowledge of TMS and analytics tools such as PowerBI, Altyrex, Tableau etc will be preferred

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