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.
Essential Functions
- 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:
- 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
Responsibilities
Managing Global Treasury Operations
QualificationsMBA/CA/CFA/ Equivalent Qualification
Skills Required
- MBA, CA, CFA, or equivalent qualification
- Proven experience leading global treasury and banking functions
- Experience managing foreign exchange risk and derivative hedging strategies
- Experience managing liquidity, cash positioning, and intercompany fund transfers across multiple legal entities
- Experience overseeing bank relationships, account opening/closure, mandate and signatory controls
- Experience ensuring timely, controlled bank reconciliations (BRS) and resolving reconciling items
- Experience managing investment portfolios (~USD 300 million) and investment governance
- Experience managing a hedge book exceeding USD 1 billion and applying hedge accounting
- Knowledge of borrowings, banking facilities negotiation and covenant management
- Experience with financial reporting, SOX compliance, internal and statutory audits
- Sound knowledge of multi-jurisdictional statutory and central bank regulations (e.g., RBI)
- Experience driving treasury digitization, automation, and AI initiatives (BRS, bank interfaces, hedging)
What We Do
Choosing a digital partner is about more than capabilities — it’s about collaboration and character. Unrealistic overhauls and off-the-shelf products ignore what matters most — your unique needs, culture, goals, and your legacy data and technology environments. At EXL, our collaboration is built on ongoing listening and learning to adapt our methodologies. We’re your business evolution partner—tailoring solutions that make the most of data to make better business decisions and drive more intelligence into your increasingly digital operations. Whether your goals are scaling the use of AI and digital, redesign operating models, or driving better and faster decisions, we’re here to partner with you to help you gain—and maintain—competitive advantage with efficient, sustainable models at scale. Our expertise in transformation, data science, and change management helps make your business more efficient and effective, improve customer relationships and enhance revenue growth. Instead of focusing on multi-year, resource- and time-intensive platform designs or migrations, we look deeper at your entire value chain to integrate strategies with impact. We use our specialization in analytics, digital interventions, and operations management—alongside deep industry expertise — to deliver solutions that help you outperform the competition. At EXL, it’s all about outcomes—your outcomes—and delivering success on your terms. Share your goals with us and together, we’ll optimize how you leverage data to drive your business forward. For more information, visit www.exlservice.com.
