Senior Treasury Analyst, Hedging and Investments
Mantrac Group
Total years of experience :16 years, 8 Months
Responsibilities:
Managing FX exposure in diverse set of G7 and Emerging Markets’ currencies on both the group level and subsidiaries level.
Using a wide range of Derivatives (Forwards, Swaps, Options..etc) to mitigate different types of risk according to the group cash flows and hedging requirements.
Maintaining an efficient long term relationship with a number of global as well as local banks Treasury sales and trading teams to maximize the benefit of the corporate banking relationship.
Identifying Short/Long term Investment opportunities in a variety of asset classes to be proposed to the Group Treasurer and the Group CFO in order to achieve higher returns on the group’s excess cash balances.
Analyzing Hedging and Investment ideas received from banks in terms of their Risk/Reward potential to ensure they are in line with the group’s hedging and investment policy.
Reviewing the terms and conditions of all documentation material related to hedging and investment activities (For example ISDA Agreements, Deal Confirmations and Term sheets) and ensuring that they are sent/received in timely manner and kept in place for the company’s reference.
Monitoring of the outstanding trades and keeping track of their Mark to Market Valuations.
Preparing frequent reports (for example Position and Profit & Loss) for the higher management.
Following global news, events and economic data releases to analyze their potential effect on the group’s business.
*Fixed income & Money Markets dealer ( Mar 2011 - present )
Responsibilities:
● Managing the bank's EGP and Foreign currencies liquidity according to short/long term funding needs using a diverse set of tools (Interbank lending and borrowing, repos, FX swaps).
● Adhering to the group's risk management criteria (counterparty limits and country exposure) and CBE regulatory ratios (required reserve, liquidity and concentration ratios).
● Handling cash management process through local use interbank market and cash shipment activity in coordination with the branch network and cash centers.
● Quoting special rates on EGP and foreign currency time deposits, interest bearing accounts and the other products offered to clients.
● Following economic data releases mainly in G7 and MENA region to interpret current and predict future fiscal and monetary policy directions in these economies.
● Quoting T-bills and Gov. bonds rates to financial institutions, retail, corporate and WM clients.
● Trading a wide range of local and foreign fixed income securities in the interbank market in addition to other market players (brokers, asset managers and foreign investors).
● Handling the bidding process in CBE auctions for deposits, repos, T-bills and Gov. bonds.
● Trading of local and foreign equities in favor of WM clients.
● Analyzing and forecasting changes in the EGP yield curve given the latest market updates.
*Foreign Exchange Dealer ( Sep 2007 - Feb 2011 ) :
Responsibilities:
● Quoting spot and forward rates in major crosses and Arab currencies to various types of clients (corporate, retail and wealth management).
● Quoting USD/EGP spot and forward rates in the interbank market.
● Dealing with and handling more than 75 exchange offices spread all over Egypt.
● Managing the bank's FX positions in different currencies.
● Following up economic data releases in the G7 and MENA region and analyzing their effect on FX rates in light of past and current market trends.
Minor : computer science applications CFA level 3 candidate ( June 2015 ) ACI dealing certificate ( March 2009 ) Internships: 1- July 2004 - Egyptian American Bank ( customer service department ) 2- July 2005 - Egyptian American Bank ( Operations department ) 3- July 2006 - Arab Bank PLC ( Treasury department )