Designation: Assistant Manager

Location: India Maharashtra Altimus Worli

Organization: Cement **- Supporting Actions

Derivatives Transaction Management- Maintaining MIS of foreign currency exposures by regularly updating it with data from various teams, including CPC, Projects, Birla White, and BPD.- Receiving purchase order alerts, verifying details in SAP and ensuring all relevant data is captured in the MIS.- Managing incoming reports related to marine operations, shipping freights, and export invoices, ensuring timely updates to the MIS.- Earmark covers against exposures, advising on earmarked Cover IDs at the time of payments and making necessary adjustments as market conditions change.- Executing options strategies for hedging one-third of total exposures, deriving pricing for various combinations (e.g., Buy Call, Sell Put) and preparing quote summaries for comparison.- Run the RFQ (Request for Quote) process with top banks, negotiating terms, and finalizing deals, including initial confirmations and updating trades in the Option MIS.- Ensuring all transaction documentation is complete, including obtaining final term sheets and ensuring countersignatures within stipulated timeframes

Market Monitoring and Optimization- Monitoring bank-wise, month-wise net open exposure position on a live basis, ensuring compliance with internal policies on Forex exposures-

- Setting alerts for option expirations,



conducting regular assessments of outstanding options against market movements and the likelihood of barriers.- Tracking market movements, particularly in the lead-up to option expirations, to determine the need for re-coverage of exposures.- Managing the settlement of options on maturity, handling net settlements or delta transfers and coordinating for forward coverage as needed

Reporting and Documentation- Preparing compliance notes for hedge accounting regarding option strategies and ensure adherence to relevant financial regulations.- Report cash flow for option premiums to the finance team, verifying payment details and coordinating with the UKSC team for accounting purposes.- Monitoring forward points for currencies, making strategic decisions about rolling over or booking hedges in response to market conditions.- Verifying term sheets and scenarios for various financial products, including IRS and Call-Spread options, ensuring all documentation is thorough and accessible for audit

Audit, Risk & Compliance- Adhere to risk management protocols- Comply to all necessary SOP for the function and ensure all compliances are met- Support audit requirements by providing all necessary documentation and data

Continuous Improvements- Identifying process and system improvements and provide recommendations.- Implementing necessary changes in process and system basis the finalized improvements

📌 Tm Forex & Derivatives (Maharashtra)
🏢 Aditya Birla Group
📍 Maharashtra