Forex Officer

Muthoot FinCorp (MFL); Chittoor; Hybrid; INR 600,000 - 1,200,000; Full time

Job summary

Muthoot FinCorp (MFL) seeks a Branch FX Officer to drive revenue targets across mapped branches, delivering currency, remittance, and Travel Card sales while ensuring compliance and product hygiene.

The role includes coaching non-license branches, onboarding eco-partners, and coordinating with the BDE team to boost FX business, with strong emphasis on Travel Card and outward remittance activities.

Responsibilities

• Responsible for mapped FX branch revenue targets and achievement.
• Deliver currency, purchase, sales & Travel Card sales, and outward remittance in AD-I & AD-II branches.
• Handhold non-license branches to build FX remittance revenue under direct supervision.
• FX business coverage includes Travel care/remittance and Bank Notes for Branch-Retail & Eco partner channels.
• Manage bulk purchase/sales and small corporate sales for the cluster.
• Onboard eco-partners such as educational consultants, tour operators, hotels, travel/remittance agents, FFMC/AD-II and bankers’ relationships for Travel Card/Bank Notes business.
• Coordinate with the BDE team to maximize business with incentive benefits.
• Ensure regulatory compliance and product hygiene at all levels as mapped FX officer.
• Provide product visibility and train branch colleagues on FX business, both in-house and externally

Job description

Job Purpose

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 Banker’s 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.