General Manager - Banking, Compliance and Treasury

Arya Group; Mumbai; On-site; INR 900,000 - 1,500,000; Full time

Job summary

Arya Group seeks an experienced banking operations lead to drive day-to-day group-wide banking activities in Mumbai. You will manage current accounts, credit facilities, and ensure compliance with RBI guidelines, while coordinating with banks for funds and banking documentation.

You will oversee LC/BG operations, bank guarantees, MIS reporting, and maintain a compliance tracker across group companies, ensuring timely submission of required banking information and statements.

Qualifications

• Experience leading day-to-day banking operations across group entities.
• Proven ability to manage current accounts, CC/OD, WCDL and term loans.
• Strong knowledge of bank documentation, sanctions, covenants and RBI guidelines.

Responsibilities

• Lead day-to-day banking operations including fund transfers, account opening/closure, and documentation.
• Oversee LC opening, amendment, retirement, devolvement and closure; manage bank guarantees.

Skills

Banking operations

LC/BG operations

Credit facilities

MIS reporting

Bank documentation

RBI compliance

Relationship management

Job description

Role & responsibilities

To lead and execute day-to-day banking operations across group companies, ensure timely execution of banking transactions, monitor sanctioned facilities and utilisation, and ensure compliance with bank/RBI requirements, sanction terms and internal banking policies.

Preferred candidate profile

A. Banking Operations

• Lead banking operations of current accounts, CC/OD, WCDL, term loans and other banking facilities.
• Coordinate with banks for fund transfers, payments, account opening/closure and banking documentation.
• Oversee daily bank balances and ensure optimum utilisation of available funds.
• Coordinate with branches/credit teams for routine banking requirements and operational issues.
• Ensure timely submission of bank statements, stock statements, debtor statements and other periodic information.

B. LC / BG Operations

• Oversee and provide guidance to the team to manage end-to-end LC opening, amendment, retirement, devolvement and closure.
• Coordinate issuance, amendment, extension and invocation/release of Bank Guarantees.

C. Banking Compliance

• Maintain a banking compliance tracker for all group companies.
• Ensure compliance with sanction conditions, covenants and documentation requirements.
• Track submission of stock statements, CMA data, financial statements, insurance policies, valuation reports, certificates and other bank requirements.
• Monitor renewal dates of CC/LC/BG limits, insurance, LEI, KYC and other banking compliances.
• Ensure timely compliance with applicable RBI/banking guidelines.
• Coordinate with statutory/internal auditors and banks for banking-related queries.

D. Credit & Facility Monitoring

• Maintain an updated database of sanctioned limits, outstanding, available limits, margins and pricing.
• Monitor utilisation of CC, LC, BG, WCDL and term-loan facilities.
• Track interest rates, bank charges, processing fees and other banking costs.
• Verify interest debits and bank charges and identify discrepancies for recovery/reversal.
• Monitor compliance with DSCR, security cover, financial covenants and other sanction conditions, wherever applicable.

E. Documentation & Security

• Maintain records of sanction letters, loan agreements, hypothecation/mortgage documents, MOE, guarantees, undertakings and other security documents.
• Coordinate with legal teams, trustees and banks for creation/perfection/release of securities.
• Track pending documentation and ensure closure within stipulated timelines.
• Maintain a central repository of banking documents for all group entities.

F. MIS & Reporting

• Ensure preparation of daily/weekly banking MIS covering:
  • Bank-wise limits and utilisation
  • LC/BG outstanding
  • Fund-based/non-fund-based exposure
  • Interest rates and finance cost
  • Upcoming maturities
  • Compliance status
  • Pending bank documentation
• Prepare management reports highlighting excess utilisation, upcoming obligations and potential banking issues.
• Provide timely information for CMA, credit reviews, rating agencies and lender meetings.

G. Bank Relationship Management

• Coordinate with Branch, Credit, Regional Office and HO teams of banks.
• Follow up for sanctions, amendments, limit enhancements, pricing revisions and release of securities.
• Maintain professional relationships with banking officials and ensure timely resolution of operational matters.
• Support Chairman in negotiations relating to interest rates, bank charges, limits and other banking terms.

Banking Operations | LC & BG | Credit Facilities | Banking Compliance | Treasury | Sanction Terms | Bank Documentation | MIS | RBI Regulations | Interest & Charges Verification | Bank Relationship Management