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Forex Dealer

Date:  18-Jan-2023
Country:  United Kingdom
Function:  Finance
Sub-Function:  Corporate Treasury

The chances are you’ve already experienced a little of ofi today. One in five chocolate bars produced anywhere in the world use our cocoa beans and products. We supply enough coffee beans to brew over 90 billion cups of coffee and our nuts, spices and dairy products are used in millions of products around the world. But we don’t just source or grow the raw materials for these products: our team of chefs and food scientists are working closely with our customers, sharing our fresh ideas to inspire new concepts. Making it real at every step, from plant to palate.

Formed in early 2020, ofi is part of a strategic reorganization of Olam where a carve-out from Olam and listing on the UK stock exchange planned for 2023.

ofi is a global leader at the forefront of food & beverage consumer trends. Through its complementary portfolio of cocoa, coffee, dairy, nuts and spices ofi delivers sustainable, natural, and plant-based ingredients & solutions to its global and diversified customer base.  ofi have 20,000+ employees, is in 51 countries and supplies food and raw materials to over 8,000 customers. 

We’re also driven by our Purpose – ‘Be the change for good food and a healthy future’. By working with ofi, you’ll be helping to create real impact on the ground. Sustainability is built into our business model - from our offices to our farming operations and supply chains, we’re acting across issues as diverse as farmer poverty, deforestation and greenhouse gas emissions.

Responsibilities

We have an exciting opportunity for a Forex dealer, Corporate Treasury based in London to work in a truly global environment to manage the hedging activities as central FX portfolio, thereby managing Swap and FX book across currencies and tenors by effectively dealing with 40+banks. The role will report to the Head of Treasury based in Singapore.

On the location London a vacancy has arisen for a Forex Dealer. This position has the following responsibilities:

Hedge Book Management:

  • Independently manage the Group’s central FX hedge book by pricing internal deals for the businesses and then executing deals with external banks. 
  • Constantly monitor open positions and proactively cover positions to minimize slippages.
  • Effectively manage FX swap portfolio for G-5 currencies and emerging market currencies (across Africa and Asia)
  • Should have the ability to understand and price derivative structures (zero cost options, accumulators, IRS, CCS) in Bloomberg/Reuters to assist businesses in managing their FX exposures
  • Ensure daily regularization of cash flows and FX roll overs in SAP 
  • Coordinate with the market compliance team for statutory FX reporting
     

Monthly Book Closing and Operations:

  • Ensure timely blotter entries for all executed trades 
  • Perform end-of-day reconciliations to ensure all positions are accurately captured 
  • To ensure mid-office has reconciled all trades with banks
  • To ensure that timely SAP book closure without any pending open items / deviations 
     

Business Support / Advisory Services:

  • Share key market developments / updates with the business / finance teams
  • Assist the business teams in formulating and executing hedging strategies/structures with the help of external banks to enhance hedge effectiveness
     

SAP TRM System Implementation:

  • Lead the SAPTRM implementation for FX & derivative products (accumulators, options, CCS) working with the internal IT / finance teams and the external SAPTRM Vendor 
  • Work with SAP TRM vendors / IT teams to enhance the effectiveness of FX reporting 
     

Risk Management:

  • Ensure full compliance / adherence to internal policies and operational procedures
  • Manage all FX hedge limits / swap positions within pre-approved limits 
     

People and Process:

  • Provide guidance, support and technical expertise on processes related to Global Markets and SAP TRM system to team members and shared service teams across the Treasury function
  • Foster an environment of continuous improvement and facilitate the development & understanding of the Treasury team for FX related matters
  • Further enhance the FX internal control processes in line with changing policies / market conditions 
     

Requirements:

  • Treasury and/ or master’s qualifications (ACT/CA/MBA/CFA) 
  • An experienced professional  with extensive Global Markets expertise  in an international corporate environment or a reputable bank
  • Demonstrable experience of managing Global FX and Derivatives portfolio to price and manage markets risk related  to Currency and Interest rates
  • Demonstrable experience of negotiating term sheet, facilities and ISDA related documentations
  • High level of interpersonal skills with the ability to work across teams as well as independently
  • Experience in trading tools and platforms like EIKON, Bloomberg, FXALL, 360T, BARX
  • Ability to manage the FX markets desk across time-zones  by coordinating with colleagues across other regions
  • Strong negotiation and communication skills

Work permit

ofi will only consider candidates that have the legal right to work in the United Kingdom, without requiring sponsorship

ofi is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, nationality, disability, protected veteran status, sexual orientation, gender identity, gender expression, genetic information, or any other characteristic protected by law.

Applicants are requested to complete all required steps in the application process including providing a resume/CV in order to be considered for open roles.

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