Treasury Manager - Front Office (Forex Transformation)

Role & responsibilities

Treasury Manager - Front Office (Forex Transformation)

Location: Goregaon, Mumbai

About NIPL

NIPL as the international arm of NPCI, focused on expanding global acceptance of RuPay and UPI and building world-class international payment solutions.

As NIPL continues its global expansion, we are looking for a dynamic Treasury professional to establish a robust Treasury Front Office framework, drive foreign exchange risk management, implement advanced treasury technologies, and build a future-ready treasury operating model.

Role Purpose

The Treasury Manager - Front Office will be responsible for establishing and managing NIPL's Forex Front Office function. The role will play a critical part in implementing the FX Hedging Policy, managing foreign exchange exposures, evaluating and implementing Treasury Management Solutions (TMS), setting up an in-house treasury structure, and leveraging Artificial Intelligence (AI) to enhance treasury decision-making, forecasting, and operational efficiency.

This position will work closely with senior management, banking partners, technology teams, finance, legal, and compliance functions to build a scalable and strategic treasury ecosystem.

Key Responsibilities

1. Treasury Strategy & In-House Treasury Setup

• Support the establishment and operationalization of NIPL's International Treasury Centre.
• Design and implement a centralized in-house treasury framework aligned with business growth objectives.
• Define treasury operating model, governance framework, policies, and controls.
• Establish treasury front office processes for dealing, risk management, and liquidity management.
• Build relationships with banking partners and financial institutions globally.

2. Forex Risk Management & Hedging

• Implement and operationalize the FX Hedging Policy.
• Identify, assess, monitor, and mitigate foreign exchange exposures arising from global business operations.
• Develop and execute hedging strategies using permitted treasury products such as forwards, spot, and other approved instruments.
• Evaluate hedge effectiveness and recommend optimization strategies.
• Monitor market developments, currency movements, and macroeconomic trends impacting treasury risk.

3. Treasury Management System (TMS) Evaluation & Implementation

• Lead end-to-end evaluation, selection, and implementation of Treasury Management Solutions.
• Prepare business requirements, RFPs, vendor evaluations, and implementation roadmaps.
• Collaborate with technology teams and vendors for system integration with ERP, banking platforms, and reporting tools.
• Drive automation of treasury activities including dealing, confirmations, settlements, exposure management, and reporting.
• Establish system controls, workflows, dashboards, and management reporting capabilities.

4. AI & Digital Treasury Transformation

• Identify opportunities to leverage AI and advanced analytics across treasury operations.
• Develop AI-driven use cases for:
• FX exposure forecasting
• Hedge optimization
• Liquidity forecasting
• Treasury risk analytics
• Automated reporting and insights generation
• Evaluate emerging treasury technologies and digital solutions.
• Partner with internal technology teams and external solution providers to implement AI-enabled treasury capabilities.

5. Banking & Market Relationship Management

• Manage relationships with FX partner banks and financial institutions.
• Negotiate FX pricing, transaction structures, and banking arrangements.
• Drive onboarding of banking partners and treasury products.
• Ensure optimum utilization of banking facilities and treasury services.

6. Governance, Compliance & Risk Management

• Ensure adherence to RBI, FEMA, accounting, and internal treasury guidelines.
• Monitor compliance with approved hedging frameworks and treasury policies.
• Support internal and external audits related to treasury activities.

7. Reporting & Management Support

• Develop treasury dashboards and MIS for senior leadership.
• Present market outlook, FX risk positions, hedge performance, and treasury recommendations.
• Provide actionable insights for strategic business decisions.
• Prepare Board and Management Committee presentations on treasury risk and performance.

Desired Qualification

• CA / MBA Finance / MMS Finance or equivalent professional qualification.
• Additional treasury certifications such as CFA, ACT, FRM, or equivalent will be an advantage.

Experience

• 8-15 years of experience in Treasury Front Office, Forex Management, Corporate Treasury, or Treasury Consulting.
• Hands-on experience in FX risk management and hedging.
• Prior involvement in Treasury Management System (TMS) implementation or treasury transformation projects.
• Experience in setting up treasury functions, centralized treasury structures, or treasury centres.
• Exposure to AI, analytics, automation, or digital treasury initiatives is highly desirable.

Key Skills & Competencies

Treasury Expertise

• Foreign Exchange Risk Management
• Hedging Strategy Development
• Liquidity and Cash Management
• Treasury Operations
• Treasury Policy Frameworks

Technology & Transformation

• Treasury Management Systems (Kyriba, FIS Quantum, Integrity, SAP Treasury, GTreasury, etc.)
• AI & Advanced Analytics
• Digital Treasury Transformation
• Process Automation
• Data Analytics and Visualization

Leadership & Stakeholder Management

• Strategic Thinking
• Project Management
• Vendor & Bank Relationship Management
• Cross-functional Collaboration
• Strong Communication and Presentation Skills