JOB SUMMARY:
Responsible for managing the company's foreign currency funds, banknote trading, and FX exposure. The position ensures that currencies are available when needed, trades are executed at competitive rates, and treasury activities are profitable and compliant with regulations and company policies.
Key Responsibilities
- Forecast foreign currency requirements across corridors based on expected transaction volumes.
- Monitor excess and deficit funds and arrange appropriate funding when required.
- Coordinate with the Funding Department to ensure timely availability of currencies.
- Buy and sell foreign currency banknotes based on business needs, market conditions, and approved limits.
- Monitor FX market movements, exchange rates, spreads, and trading opportunities.
- Maintain and manage relationships with banks, banknote suppliers, and other approved counterparties.
- Ensure all daily FX and banknote deals are properly recorded, reviewed, and authorized.
- Conduct daily review and revaluation of foreign currency positions to minimize potential losses.
- Monitor currency exposure, trading limits, and banknote inventory.
- Identify opportunities to improve trading margins and maximize returns on available funds.
- Monitor treasury profitability, trading gains/losses, budgets, and Return on Capital Employed (ROCE).
- Develop forecasts and assess factors that may affect banknote demand.
- Ensure all treasury and FX activities comply with BSP regulations, AML/CFT requirements, statutory limits, and company policies.
- Prepare regular reports on currency positions, funding, trading results, and treasury performance.
- Provide direction and support to the Treasury/Banknote team and ensure proper succession planning.
- Escalate significant currency exposures, funding requirements, losses, or compliance issues to management.
Qualifications:
- Bachelor's degree in Finance, Accounting, Economics, Business, or related field.
- 5–10 years of experience in Treasury, FX Trading, Banknote Trading, Banking, or Financial Services.
- Relevant experience in foreign exchange and banknote trading.
- Knowledge of FX markets, currency pricing and risk management.
- Strong analytical, negotiation, and decision-making skills.
- Knowledge of BSP regulations and AML/CFT requirements is an advantage.
- Proficient in Microsoft Excel and treasury/financial systems.
