Sr. Manager- treasury (Risk Analystics)

Job Description

About Nayara Energy:

Nayara Energy is a new-age downstream energy and petrochemicals company with a formidable presence spanning across the entire hydrocarbon value chain, from Refining to Retail. Nayara Energy operates in India for India driven by a relentless commitment to fuel the nation's energy aspirations. At the heart of our operations lies the Vadinar refinery, India's second-largest single-site refinery with a capacity of 20MMTPA.With over 6,300 Retail Outlets, we cater to the need for reliable and safe mobility across the length and breadth of the country. We have adopted a phase wise asset development strategy to enter the petrochemicals sector which will be a significant step in our crude to chemicals journey. Through sustainable development projects in Health and Nutrition, Education and Skill Development, and Sustainable Livelihoods, Nayara Energy enhances the quality of life in the communities it operates in. Delivering value for all our stakeholders is at the very core of our beliefs and we are committed to providing the energy that fuels the dreams of our employees, customers, partners and communities.

Job Purpose

To lead the organization's Forex Risk Management function in alignment with the approved Risk Management Policy and directives of the Risk Management Committee. The role is responsible for managing the dynamic FX hedging book, designing and implementing mid-office frameworks for both FX risk and investment management, and ensuring robust governance and operational efficiency. Additionally, the incumbent will develop and deploy automation frameworks to enhance accuracy, transparency, and responsiveness in FX risk monitoring and execution.

Responsibilities

Key Responsibilities

Forex Risk Management

• Identify and manage FX currency risk portfolio using approved tools within the Risk Management Policy
• Ensure adequate hedging in line with policy parameters and directives of the Risk Management Committee
• Review marketing plans, product sales outlook, and natural hedge estimates to maintain liability coverage within approved thresholds.
• Finalize structured derivative transactions and analyze cost structures for currency conversion in export prepayment contracts.
• Negotiate LER limits and finalize ISDA and FX market platform agreements with banks.
• Liaise with banks and auditors to ensure regulatory compliance and documentation accuracy.
• Maintain MIS including LC ageing files and monthly reconciliations.
• Ensure error-free trade settlement in SAP for timely month-end account closure.
• Prepare and present hedging position updates and market insights to senior stakeholders.
  
  

Dynamic FX Hedging

• Present dynamic hedging proposals to the Risk Management Committee for alpha generation
• Design and implement risk mitigation frameworks for dynamic hedging strategies.
• Distinguish strategic FX risk management from operational hedging to optimize business performance and shareholder value.
• Monitor and report dynamic hedging performance to senior management.
  
  

FX Automation

• Identify key parameters and design the framework for FX automation.
• Collaborate with external consultants to implement automation initiatives and enhance operational efficiency.
  
  

Investment Management

• Design and develop mid-office functions for investment management.
• Coordinate third-party compliance reports and benchmark investment returns against policy standards.
  
  

Governance and Knowledge Sharing

• Provide training and guidance to team members on FX and investment risk practices.
• Resolve queries from the Finance and Control Team and support audit processes.
• Ensure timely and satisfactory resolution of audit queries/observations and compliance requirements.
  
  

Qualifications


Knowledge

Educational Qualifications & Certifications

• Engineer & MBA/CA
  
  

Relevant (Functional/Level) & Total Years Of Experience

• Relevant Experience: 6-8 years
• Total Experience: 8-10 years
  
  

Skills


Functional Skills:

• Analytical skills
• Negotiation skills
• Written and oral presentation skill
• Relationship management
• Microsoft Excel financial model building skills.
• Ability to independently handle all activities required for completing the transaction.
• Transaction structuring and due diligence
  
  

Behavioural Skills:

• Excellent Communication
• Interpersonal Skills
• Negotiation skills
• Enterprising
• Team player