Senior Associate Treasury

Posted 5 Days Ago
Be an Early Applicant
Mumbai, Maharashtra, IND
In-Office
Senior level
Fintech • Payments • Financial Services
The Role
Manage end-to-end foreign exchange back-office operations, including trade confirmations, settlements, reconciliations, reporting, compliance, risk management, bank relationships, and audits. Support FX management strategy, monitor rates and regulatory changes, maintain banking and FX systems, coordinate system enhancements, resolve operational issues, and provide financial reporting to senior leadership. The role also drives process improvements and collaborates with internal teams, banks, auditors, and external consultants.
Summary Generated by Built In
Duties and Responsibilities: The FX Back Office will play a crucial role in supporting and managing post-trade activities within the foreign exchange operations. This individual ensures the smooth and efficient processing of FX transactions, confirmations, settlements, and related activities in compliance with industry standards and regulatory requirements. • Supporting for setting up and operationalising the “NIPL Forex Management (NFM)” • Assisting in deploying Forex management strategies to mitigate the risk of adverse currency movement • Assisting front office on trade confirmation, confirm trades with counterparties and ensure accuracy and completeness. Manage end to end FX operation for ITC. • As part of compliance and governance functions, monitor FX rates and related news and raise timely escalations with banks and internal stake holders in case of variances in margins charged over rates. • Handle the settlement with international partner and AD1 Banks of FX trades. • Ensuring that forex management activities are carried out in accordance with approved policies and guidelines. Compliance of FX Risk Management Policy and Internal Policies. • Negotiation with Banks for FX pricing and setting up FX limits with banks and related documentation. • Ensuring Forex management related compliance and regulatory requirement. Keep abreast of changes in regulations affecting the FX market and implement necessary changes in processes. • Smooth functioning of Day-to-Day activities of the Forex Management • Maintaining the online business banking platforms and forex management systems ensuring the correct recording of all transactions and overseeing technical upgrades as required. • Preparing daily/ monthly/ quarterly/ annually reporting on fx activities to the Head, CFO, CEO and Board. • Identify and implement process improvement initiatives to enhance efficiency and accuracy. Liaise with IT to develop and test system enhancements. • Reporting of FX transactions including month end close, reconciliations. • Managing the internal and external audit processes and engagement with auditors. • Working collaboratively with the business, operation and Back-office system acting as an escalation point for unresolved issues, provide specialist financial support and information that they value. • Managing Bank and other External Stakeholder Relationships • Working closely with our external consultants to build Fx and Fx related product offerings Knowledge, Skills and Experience: • Bachelor’s degree in finance, Business Administration, Economics, or a related field. • 2+ years of experience in FX back office or a related financial operations role. • Strong understanding of FX products and market practices. • Proficiency in using FX trading platforms and back-office systems. • Excellent analytical and problem-solving skills. • Strong attention to detail and accuracy. • Effective communication and interpersonal skills. • Ability to work under pressure and meet tight deadlines. • Advanced proficiency in Excel and other data analysis tools. • AI proficiency.

Skills Required

  • Bachelor's degree in finance, business administration, economics, or a related field
  • 2+ years of experience in FX back office or a related financial operations role
  • Strong understanding of FX products and market practices
  • Proficiency using FX trading platforms and back-office systems
  • Excellent analytical and problem-solving skills
  • Strong attention to detail and accuracy
  • Effective communication and interpersonal skills
  • Ability to work under pressure and meet tight deadlines
  • Advanced proficiency in Excel and other data analysis tools
  • AI proficiency
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The Company
HQ: Mumbai, Maharashtra
2,124 Employees
Year Founded: 2005

What We Do

NPCI is an umbrella organisation for all retail payment systems in India. It was set up with the support & guidance from Reserve Bank of India (RBI) & Indian Banks Association (IBA). A registered company under Section 8 of the Companies Act, 2013. Watch the NPCI Corporate AV - https://youtu.be/RGl9YQ6CB20 Products & Services Unified Payments Interface Unique payment solution which empowers a recipient to initiate the payment request from a smartphone. It facilitates 'virtual payment address'​ as a payment identifier for sending & collecting money & works on single click 2 factor authentication. Immediate Payment Service A 24X7, real time, cost effective, independent channel, retail payment service, introduced by NPCI, empowering customers to transfer money instantly with banks & RBI authorised PPIs across India. RuPay Robust card scheme designed to offer payment products with superior features & processes specifically designed to cater to diverse consumer needs. *99# USSD based mobile banking platform that makes banking services accessible to all the bank account holders on their mobile phones. National Automated Clearing House Centralised payment system developed with an aim to consolidate multiple ECS systems running across the country & provide a framework for the removal of local barriers/inhibitors. Aadhaar Enabled Payment System Bank led model which allows online financial inclusion transactions at micro-ATMs through the business correspondent of any bank using the Aadhaar authentication. e-KYC Electronic way of conducting authentic & real time KYC of a customer using Aadhaar authentication. Cheque Truncation System Electronic image of the cheque is transmitted to the drawee bank by the clearing house, along with relevant information. National Financial Switch Facilitates routing of ATM transactions through inter-connectivity between its member institutions thereby enabling the citizens of the country to utilise any ATM of a connected entity

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