Treasury Accounting & FX Risk Manager

Mashreq NEO CORP; Pakistan; On-site; PKR 900,000 - 1,200,000; Full time

Job summary

Mashreq NEO CORP in Pakistan is seeking a skilled MIS/FX risk analyst responsible for monitoring and authorizing deals, tracking currency positions, and ensuring accurate reflection in the books. You will monitor FX limits, verify rates, and reconcile Nostro entries.

The role also involves daily and monthly P/L reporting, coordinating with CAD and Front Office, and maintaining rigorous controls over exchange operations across branches.

Responsibilities

• Ensure all deals in the system are authorized in order to reflect correct position in the book.
• Monitoring and checking the currency position of the branches to advise covering the exchange position.
• Control of FX / MM limits to ensure the dealers are not exceeding the limits.
• Checking exchange and deposit rates so as to ensure that correct rates are provided to the customers.
• Matching all Forex bank deals with customer deals to avoid any exchange position.
• Monitoring limits and accounting of Precious Metal transactions in order to ensure that all entries are recorded in the book of accounts correctly and within the approved limit.
• Checking Parity Tolerance Report of currencies in order to prevent occurrences of wrong Exchange rates or loss.
• Monitoring daily exchange profit / loss which helps in pointing out any mistakes as regards to wrong rates.
• Nostro Management helps in covering exchange positions, keeping a check on the entries posted by other Departments and Branches and to avoid overdrawing of account.
• The jobs are done as per the policies and guidelines laid down in the TOC Manual and perhaps the procedures may change if there is a change / modification in the system.
• As this job includes covering of Nostro, it requires him to have cordial relationship with Operations division and Local and Overseas branches. To maintain good relations with Dealers is also vital
• Nostro Management helps in covering exchange positions, keeping a check on the entries posted by other Departments and Branches and to avoid overdrawing of account.
• The jobs are done as per the policies and guidelines laid down in the TOC Manual and perhaps the procedures may change if there is a change / modification in the system.
• As this job includes covering of Nostro, it requires him to have cordial relationship with Operations division and Local and Overseas branches. To maintain good relations with Dealers is also vital
• Monitor and reconcile Sundry Creditors/Debtors accounts
• Monitor all suspense account and clear post investigation

Job description

Mashreq NEO CORP in Pakistan is seeking a skilled MIS/FX risk analyst responsible for monitoring and authorizing deals, tracking currency positions, and ensuring accurate reflection in the books. You will monitor FX limits, verify rates, and reconcile Nostro entries.

The role also involves daily and monthly P/L reporting, coordinating with CAD and Front Office, and maintaining rigorous controls over exchange operations across branches.