Forex Officer

Muthoot FinCorp (MFL); Bengaluru; On-site; INR 800,000 - 1,300,000; Full time

Job summary

Muthoot FinCorp (MFL) Bengaluru invites candidates to drive Forex branch revenue through currency, remittance, Travel Card sales and bank notes handling. You will supervise both AD-I & II remittance activities and guide non-license branches to grow Fx revenues.

Role includes onboarding eco-partners, educating the branch teams, and maintaining regulatory compliance across mapped FX operations with a focus on branch-level performance.

Responsibilities

• Deliver currency, purchase, sales & Travel Card sales, and outward remittance business in both AD-I & AD-II.
• Handhold non-license branches under direct supervision to build Fx remittance revenue.
• Manage Forex Business (Travel care/Remittance & Bank Notes) and revenue responsibility of Branch-Retail & Eco partner channel.
• Onboard and train eco-partner segments like educational consultants, Tour Operators, Hotels, Travel & Money transfer agents, FFMC/AD-II and Bankers to do Travel Card/Bank Notes business, outward remittance under mapped branch limits.
• Educate branch teams on Fx outward remittance and ensure delivery of commitments; coordinate with BDE team for incentives and performance.
• Oversee regulatory compliance and product hygiene at all levels as mapped FX officer; impart Fx training to in-house and external sales teams.

Job description

• He will be responsible for the respective mapped FX branch Revenue target & achievement, and he should ensure to deliver currency, purchase, sales & Travel card sales, and outward remittance business in both AD-I &II.
• In addition, he needs to handhold a set of non-license branches under his direct supervision to build reasonable Fx remittance revenue.
• Forex Business (Travel care/Remittance & Bank Notes) & revenue responsibility of Branch -Retail & Eco partner channel business. Bulk purchase/Bulk sales & small corporate Sales for the Cluster.
• Branch level Eco-partner Onboarding for direct sales segments like educational consultants, Tour Operators, Hotels, Travel & Money transfer agents, FFMC/AD-II and Bankers business relationships to do business on Travel Card/ Bank Notes, Outward remittances AD-I & II with special attention to Travel Card business, within his mapped branch limit
• Hand hold non-license branches and educate the branch team to learn on forex outward remittance and ensure to deliver of the committed. And Coordinate with the BDE team and ensure they deliver considerable business by educating incentive benefits.
• Ensure oversee regulatory compliance and product hygiene at all levels as mapped FX officer.
• Product Visibility and impart training on Fx business to all fellow colleagues at the branch In house & External sales.