Senior AVP- Treasury Operations
Job Description
Basic Function
- Act as the strategy lead for the global treasury and banking function of EXL.
- Ensure adherence to policies and procedures governing all treasury and banking operations, including bank account management and controls.
- Manage foreign currency risk through forward contracts and derivative instruments.
- Oversee banking relationships, including engagement with bankers, senior management, and auditors on all banking matters.
- Manage liquidity, cash positioning, and inter-company fund transfers across 30+ legal entities.
- Oversee and control banking operations, including account opening/closures, mandate management, signatory controls, and bank documentation.
- Ensure timely and accurate bank reconciliations (BRS) across all entities and accounts, with robust controls to identify and resolve reconciling items.
- Manage investment portfolio of USD 300 million diversified across geographies.
- Negotiate and evaluate borrowing arrangements and banking facilities.
- Lead major treasury and banking initiatives such as refinancing, dividend distribution, and banking structure optimization.
- Drive digitization/automation/AI initiatives across treasury, investments, hedging, BRS, and banking processes.
- Support financial due diligence and arrange funding for strategic initiatives such as M&A.
- Ensure compliance with regulations prescribed by central banks (e.g., RBI) and other regulatory authorities across jurisdictions.
- Ensure adequate liquidity and efficient cash utilization across all legal entities and bank accounts.
- Manage and optimize banking infrastructure, including account rationalization, fee negotiations, and service efficiency.
- Oversee end-to-end bank reconciliation (BRS) process, ensuring: 4. Timely completion across entities
- Review and clearance of reconciling items
- Strong internal controls and audit trails
- Manage hedge book exceeding USD 1 billion across currencies, ensuring appropriate hedge accounting to minimize P&L volatility.
- Ensure compliance with all financial and non-financial covenants related to borrowings.
- Analyze impact of interest income/expense, FX gains/losses, and treasury performance on periodic financials; ensure alignment with annual targets.
- Manage internal and statutory audits, including Financial reporting, SOX compliance, and regulatory submissions.
- Lead transformation and digitization initiatives across treasury and banking operations, including automation of BRS and bank interfaces.
- Develop, update, and enforce treasury and banking policies, including controls around cash management, banking operations, and reconciliations.
- Sound knowledge of various statutory compliances across geographies
More Info
Key Skills
AI initiatives
bank account management
cash positioning
inter-company fund transfers
derivative instruments
audit trails
About Company