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Location

Mumbai | India

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Job description

Forex Monitor and manage currency exchange rates to ensure optimal financial transactions for the travel agency.

• Execute timely currency exchanges to minimize financial risks and maximize cost-effectiveness.
• Budgeting and Forecasting: Develop and maintain budgets related to currency exchange and international transactions.
• Provide regular forecasts based on market trends and economic indicators.
• Risk Management: Identify and assess potential risks related to currency fluctuations and implement strategies to mitigate these risks.
• Stay informed about geopolitical events and economic factors that may impact foreign exchange rates.
• Vendor Negotiation: Negotiate favorable terms with currency exchange providers and financial institutions.
• Sales & Marketing: Design an effective B2C/B2B Sales strategy to boost sale of all Currency exchange and Forex Cards.
• Liaise with marketing team for periodic marketing campaign, Social Media promotions and campaigns.
• Identify and connect with potential affiliates to grow our Forex trading community.
• Develop and execute marketing strategies to attract new members to join our platform.
• Collaborate with the marketing team to optimize conversion rates and lead generation.
• Assist in the creation of engaging promotional materials and content.
• Stay up-to-date with industry trends and competitor activities.
• Relationship Management: Establish and maintain relationships with reliable forex partners.
• Proactive CRM with key contacts, customers, banks and vendors.
• Compliance and Documentation: Ensure compliance with relevant financial regulations and maintain accurate documentation for all forex transactions.
• Collaborate with legal and compliance teams to stay updated on regulatory changes.
• Financial Reporting: Prepare and present regular reports on forex transactions, gains, and losses to the senior management team.
• Provide insights and analysis to aid strategic decision-making.
• Training and Education: Conduct training sessions for relevant staff members to enhance their understanding of forex operations and risk management.
• Stay updated on industry best practices and share knowledge with the team.
• Continuous Improvement: Identify opportunities for process improvements in forex management and implement efficient solutions.
• Stay abreast of technological advancements in forex tools and platforms.
• Customer Support: Collaborate with the sales and customer service teams to address client inquiries related to currency exchange and provide financial guidance.
• Emergency Response: Develop contingency plans for sudden currency fluctuations and provide timely responses to minimize financial impact.
• Team Management: Effective team management, motivation and monitoring of operational efficiency at all time. Assign teams for required training and self-development. Manage Team Rosters along with operations manager and team leader to ensure proper manning of sales and service staff.

Qualifications

• Bachelor's/PG degree in Finance, Economics, or a related field.
• Proven experience in forex management within the travel or financial industry.
• Must be from an FFMC (preferably from AD 2) background with minimum 5 years' experience.
• Strong analytical skills and attention to detail.
• Excellent communication and negotiation skills.
• Analytical and decision-making skills with proper time management.
• Familiarity with relevant financial regulations and compliance.

(ref:iimjobs.com)

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Job tags

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Salary