BRANCH SALES MANAGER - FOREX

Muthoot Fincorp; Bhopal; On-site; INR 600,000 - 1,200,000; Full time

Job summary

Muthoot Fincorp Ltd. Forex branch is seeking a dynamic professional to drive revenue across currency, remittance AD-I & II, and card sales. You will onboard educational consultants, tour operators, hotels, and agents to expand direct sales and manage partner commissions.

Role requires maintaining inventory, ensuring KYC and regulatory compliance, and delivering branch performance through on-site operations and occasional BTL activities.

Responsibilities

• Oversee Forex branch revenue and P&L, focusing on currency, remittance AD-I & II, and card sales.
• Onboard ESPs and direct sales partners such as educational consultants, travel agents, hotels, and corporates.
• Manage partner commissions, inventory and stock across the branch; ensure compliance and KYC.
• Drive branch sales through BTL activities and walk-ins; report daily outcomes to supervisor.
• Ensure branch audit readiness and regulatory compliance, including regular checks of records.

Job description

Forex Business & revenue responsibility of direct channel of the Fx Branch and forex revenue responsibility. Onboarding ESP direct sales segment like educational consultant, Tour Operators, Hotels, travel & Money transfer agents, FFMC/AD-II and Bankers business relationship to sale up currency, remittance AD-I & II with special attention of Travel Card business. BTL and activities around the branch, make it as independent P &L for the branch with team handling. And manage partner commission pay-out. Manage the WS and hub branch activities. Report the supervisor on day to day business outcome. Ensure the team to earn the incentive to bring revenue from individual employee. Service the forex (currency & card)& outward remittance business across the branch counters.

Ensure the operation and compliance of the branch by making regular check and balance of inventory and records

Bring the FX branch P & L to the team, creating awareness around branch through BTL activities. ESP partner onboarding and improve direct sales through walk in & agent transaction. Onboarding corporates, He need to build the branch business and inventory / stock management.

Manage the Forex business in terms of Revenue, turnover & transaction count enhancement at the FX branch to build the Currency, AD-1 & AD-II & card sales. Cash on sales corporate business & consultancies need to be key area need to be focused.

Ops & compliance is one of the KRI to balance the business and compliance on daily basis

Responsible for branch audit compliance, KYC of all the transactions