Job Purpose
To control and monitor Nostro accounts and to ensure proper accounting of treasury transactions and prepare MIS on Treasury Operations results.
Key Result Areas
- Checking and confirming all FX / MM deals in the system in order to reflect all transactions in the book.
- Monitoring and checking the currency position of the branches to advise covering the exchange position.
- Control of FX / MM limits to ensure the dealers are not exceeding the limits.
- Checking exchange and deposit rates so as to ensure that correct rate are provided to the customers.
- Matching all Forex bank deals with customer deals to avoid any exchange position.
- Monitoring limits and accounting of Precious Metal transactions in order to ensure that all entries are recorded in the book of accounts correctly and within the approved limit.
- Checking Parity Tolerance Report of Currencies in order to prevent occurrences of wrong Exchange rates or loss.
- Monitoring daily exchange profit / loss which helps in pointing out any mistakes as regards to wrong rates.
- Nostro Management helps in covering exchange positions, keeping a check on the entries posted by other Departments and Branches and to avoid overdrawing of account.
Knowledge, Skills and Experience
- Graduate from a reputed university.
- 5 7 years experience in a similar field with a medium sized bank having large Treasury Operations.
- Good computer skills.
- Good command over spoken and written English.
- Analytical ability and communication and interpersonal skills are essential.
