Senior AVP- Treasury Operations

Job description

**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: - 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 Qualifications: MBA/CA/CFA/ Equivalent Qualification