سانديب باتانكار

KP SANGHAVI, Dubai December 2010 - till date
AVP - Treasury & Operations
(A business conglomerate specializing in trading of diamonds and other precious stones, infrastructure and retail jewellery. The group operates globally through offices in USA, UAE, Europe Hong Kong and Singapore)
• As a Group treasury lead, formulate trading and hedging strategies on currency and money markets to achieve profit targets as agreed in the annual budget.
• Handle cross border team of dealers, traders and back office staff.
• Responsible for the growth of the business using different investment products as per the expansion strategy of the Group
• Cover the actual exports and imports with various banks in spot and forward markets.
• Manage daily flows worth USD 50 to 100 Million and ensure liquidity, along with a daily trading volume of USD 100 Million
• Develop and test various treasury products in line with the company objectives.
• Continuously track the portfolio for volatility related risks and asset wise performance.
• Adhere to group CFO’s office policies ensuring that tax exposure is mitigated
• Developing back office and mid office structure and compliance to back up the treasury activity.
• Develop and maintain relationship with bankers and investment advisers for new ideas.
• Suggest and execute investment ideas and cash management solutions to optimize treasury cash flows.
• Responsible for continuous evolvement of Treasury MIS and risk parameters
• Key role in establishing and formulating policies and procedures in the Treasury team from the start up stage
• Attend Client meetings in order to mitigate counter party risks and for defining appropriate credit period
• Submit periodic reports on financial markets for internal circulation.

Primary Role:

 Responsible for SPOT, FWD, OPTIONS and FRA rates to large ticket clients (USD 20 mio and above. Single ticket) and covering the position in the interbank market.
 Responsible for interacting with customers for Derivatives and LTFX deals. Building strong relationship with them so as to know their needs and guide them with the related products depending on the market fluctuations.
 Forecast P& L for the suggested structure considering different possible scenarios.
 Liaising with the local and regional offices for setting up Credit lines for the Corporate and Institutional clients. To follow up on the Back Office confirmations for all trades done, with back office and also handling ISDA correspondences and other documentation between the Legal team and the Counterparty Banks.
 Hands on experience in handling FX & interest rate derivative products like Cross Currency Swap, Coupon Swap, Principal only Swap, Plain Vanilla Option, Seagull, Currency Option with Barriers & on Interest Rate Derivative products like Interest Rate Swap, Cap & Floor, FRA, OIS linked products, Range Accruals etc.

Secondary Role:

 As a proprietary Currency Trader, responsible USD/INR and Major Currencies proprietary portfolio for bank. Job involves market making for counter party banks, taking view based positions on currencies in order to achieve monetary targets.
 Funding of all the currencies and maintaining optimum NOSTRO balances. Funding of USD/INR positions by either interbank lending or borrowing or performing overnight swaps whichever is more beneficial to the bank.
 Also responsible for Currency Derivatives portfolio and exploiting arbitrage opportunities between spot and futures markets.
 To device trading strategies and present the same to top management for taking long term strategic positions.
 Responsible for handling cash flows (Cash, Tom & Spot or long term FWDS) for all major currencies with the help of SWAP market or interbank borrowing and lending.

 As a leading member of global team of consultants worked on global sourcing projects for European clients. Important objective of the projects is to find competitive markets and suppliers to replace existing suppliers for the clients. This is done by cost analysis and finding optimum prices for product groups purchased by clients. Advised exporters on their foreign currency exposures and provided them with currency market analysis.

 As an Arbitrager and Proprietary Spread trader prime focus was to exploit price differences on European Bond Markets. Prominent trading instruments were Fixed Income Derivatives on EUREX and LIFFE.
 Research oriented towards short term impact of economic releases on fixed income derivative prices, involving European and American economies.
 Developed and implemented derivative strategies to explore arbitrage opportunities.