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Head - Treasury - BFSI (12-18 yrs)

12.00 to 15.00 Years   Mumbai City   12 Aug, 2022
Job LocationMumbai City
EducationNot Mentioned
SalaryNot Disclosed
IndustryRecruitment Services
Functional AreaFinance / Accounts / Tax
EmploymentTypeFull-time

Job Description

    Reporting to: CFO Role Summary - The candidate will be expected to lead Treasury function for managing day-to-day operations and achieving transformation mandates from management.- The candidate will be expected to have very strong communication skills and confidence to interact with Senior Management- The candidate will be expected to coach/ mentor junior team members to ensure efficient management of treasury function whilst also enabling their career development- The position is based out of Mumbai and the candidate must be open to travel domestically and internationally. Role KPIs : - Formulate an effective hedging strategy to minimize the currency fluctuation and interest rate risk for the company- Oversee Purchase and Sale of Currencies and Derivatives for forward cover of foreign exchange exposure- Strengthen Control environment by ensuring a strong Risk and Control framework is in place and operating effectively.- Minimize the cost of hedging by taking hedges in a timely manner.- Capture positive movements in the currency rates to further reduce costs.- Manage banking forex relationships and negotiate best rates for the business- Support in managing other banking relationships for liquidity management and other treasury funding related activities- Review amendments in the Foreign exchange risk management framework as and when deemed necessary.- Ensure that the work is in accordance with established professional standards and remain abreast of emerging trends and best practices that can be incorporated into the function- Ensure that the corrective actions of all audits and regulatory findings are tracked and appropriately remediated in a consistent manner.- Review effectiveness of hedge activity undertaken and present the same to the risk officer.- Protect the budgeted business margins by reducing the impact of market movements on the Balance Sheet and P&L Account.- Ensure that adequate resources are available to the Treasury in terms of manpower, technology etc.- Clear visibility of budgeted and anticipated forex requirement across the organisation.- Building strong relationships with external stakeholders.- Responsiveness to changes in market conditions. Key skills and qualifications - CA / MBA (Finance) from a Tier 1 institute or engineers from IITs with at 12-15 years of post qualification experience in heading the treasury function of a large Indian corporate having multi geography presences.- Strong understanding of corporate treasury operations and financial products- Well-versed in the concepts of foreign exchange risk management, interest rate risk management, Cash and liquidity management, borrowings management and investments management.- Understanding of Spot and Derivative market operations for interest rates and foreign exchange products including risk management (hedging strategies) and valuation aspects of the same- Experience of managing exposures and hedging of multiple currencies pairs including G7 and emerging economys currencies- Well connected with host of Indian and foreign banks would be must for this position- Experience of setting up cash pooling/ cash sweeping and any other efficient cash management structure at a global/ regional level would be added advantage- Experience of raising short term and long-term funding (domestically and internationally) through various structures from banks/ investors- Prior experience of setting up/ monitoring of central treasury or regional treasury by considering business requirements for efficient management of cash and liquidity and risk management.- Understanding of various TMS available for Corporate Treasuries including Kyriba, FIS Quantum/ Integrity, etc.- High levels of commitment to work,

Keyskills :
interest rate risk managementforeign exchange risk managementrisk management frameworkstrong communication skillsbalance sheetinterest ratesrisk management

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