Treasury Manager

Location Mumbai, India

About the Role

Job Title: Treasury & Risk Manager (IT Services)

Role Summary: The Treasury & Risk Manager will be responsible for the organization’s treasury function and enterprise risk framework for a global IT services business. The role focuses on managing liquidity, optimizing foreign exchange exposures, safeguarding cash flows from international clients, and ensuring robust risk management practices aligned with the company’s growth strategy.

Key Responsibilities

1. Treasury & Liquidity Management

• Lead cash flow planning, liquidity management, and global cash visibility
• Manage multi-currency cash flows driven by export revenues
• Optimize working capital with special focus on receivables management
• Oversee short-term and long-term funding strategies as applicable
• Monitor DSOs, billing cycles, and collection efficiencies

Forex Risk Management

• Manage foreign exchange exposures arising from export revenues and onsite costs, ensuring compliance with RBI/FEMA guidelines and hedge accounting standards (Ind AS 109)
• Develop and execute hedging strategies to offer predictability in revenue and EBITDA forecasts.

Enterprise Risk Management (ERM)

• Develop and implement enterprise-wide risk management frameworks for key risks such as - Currency risk, Client concentration risk, Geopolitical risks, Cybersecurity and operational risks, etc.
• Establish risk governance, reporting dashboards, and mitigation strategies through automation.

Banking & Global Operations

• Manage Banking relationships for transactional banking, international banking to ensure smooth fund flows and regulatory compliance
• Optimize banking structures (cash pooling, intercompany funding, repatriation strategies, transaction costs)

Receivables & Credit Risk Management

• Define customer credit policies and monitor exposure to key clients
• Work with sales and delivery teams to mitigate collection risks
• Manage bad debt provisioning and credit insurance

Investment & Surplus Cash Management

• Develop and implement an investment policy to manage surplus cash in line with risk appetite and liquidity requirements
• Invest in liquid instruments while ensuring capital safety

Compliance & Regulatory Oversight

• Ensure compliance with:
• RBI and FEMA regulations
• Export-related regulations (SOFTEX, STPI/SEZ requirements)
• Companies Act and tax regulations affecting cross-border flows
• Oversee documentation for intercompany loans, guarantees, and hedging contracts

Strategic Finance Support

• Support pricing strategy by providing FX insights for large deals
• Partner with business teams on margin protection initiatives
• Competitor and market intelligence and analysis for benchmarking.

Systems & Process Transformation

• Digitize and automate cash forecasting, hedging, and risk reporting processes
• Implement automated and AI driven Treasury Management Systems (TMS) solutions
• Strengthen internal controls and audit readiness

Leadership Expectations

• Drive alignment between treasury strategy and business growth
• Act as a strategic advisor to CFO and executive leadership
• Lead transformation initiatives in treasury digitization and risk governance
• Maintain strong risk culture and compliance discipline

Qualifications & Experience

• Chartered Accountant (CA), MBA (Finance), CFA or equivalent
• 10–15 years of experience in corporate treasury of IT services /BPO.
• Strong experience managing forex risk in a multi-currency environment
• Exposure to regulatory framework for India (RBI/FEMA, SEZ/STPI), US, Middle East.

Required Skills & Competencies

• Expertise in Cash flow management, FX risk management and hedging strategies
• Strong understanding of IT services financial model (offshore-onsite mix, billing cycles)
• Advanced analytical and financial modeling skills
• Strong stakeholder management across global teams
• Strategic mindset with ability to link treasury to profitability

Leadership Expectations

• Drive alignment between treasury strategy and business growth

• Act as a strategic advisor to CFO and executive leadership

• Lead transformation initiatives in treasury digitization and risk governance

• Maintain strong risk culture and compliance discipline

Location:

Mumbai