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. 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: 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