Accounting & Commerce

Treasury & foreign exchange functions in banking are becoming increasingly important as the forex flow in the country is increasing & international markets are funding the operations of Indian corporates. Management of treasury profit center requires a wide variety of knowledge in the area of global money markets & financial instruments such as deposit certificates, treasury bills, forecasting, source evaluation & cost of domestic & foreign currency funds. Treasury & risk management ensures cost effectiveness in planning strategies in this era of deregulation. The currency values, interest rates, share index & commodities affect the financial derivatives like futures, swaps & other tools of risk management. Corporates therefore employ well trained professionals to manage treasury & forex functions so that they can ensure competent management. In a forex marketing job, which is an interbank job, a person needs to assess various markets on the behalf of the bank to advise corporates or other banks who need foreign currency. The job requires one to be constantly updated about the policies of the regulatory bodies, monitoring the current prices, making predictions based on analysis of trends etc. To build a career in forex management you may look at enhancing your qualifications. Treasury & forex management is becoming important as the forex flow increases & international mark.