Head of Treasury

Bajaj Auto Credit Limited; Pune District; On-site; INR 6,000,000 - 9,000,000; Full time

Job summary

Bajaj Auto Credit Limited is seeking a strategic Head – Treasury to steer the company’s treasury strategy, funding mix, and ALM risk management. The role partners with the CFO and Board to optimise cost of funds, liquidity, and regulatory compliance while building strong lender and investor relationships.

Responsibilities include leading borrowing strategies, managing ECBs/NCDs/CPs, investing surplus liquidity, and driving risk governance across the treasury function as the company scales its

Qualifications

• Strong background in financial modelling and analysis.
• Deep expertise in domestic and international debt capital markets.
• Strong track record reading and acting on interest rate and market movements.
• Demonstrated leadership managing a mid-to-large treasury/finance team.
• Excellent negotiation and stakeholder-influencing skills, including at CXO/Board level.
• Strong existing network across banks, DFIs, mutual funds, and rating agencies.

Responsibilities

• Own the overall borrowing strategy and calendar in consultation with CFO and ALCO.
• Mobilise funds through NCDs/CPs, bank lines, ECBs, and other instruments; manage funding mix for cost efficiency.
• Lead investment of surplus liquidity in approved securities to meet LCR; coordinate with ALM/Cashflow teams.
• Hedge interest rate and currency exposure; ensure MTM/valuation and timely reporting.
• Build senior relationships with banks, MFs, insurers, corporates, and international lenders; diversify investor base.
• Oversee treasury operations, risk management framework, governance, and regulatory compliance.

Skills

Financial modelling

Debt capital markets

Interest rate & market movements

Leadership in treasury

Negotiation & stakeholder management

Network with banks/DFIs/mutual funds

Job description

The Head – Treasury will own the company's overall treasury strategy, including funds mobilisation from domestic and international debt markets, investment of surplus liquidity, and management of interest rate, currency, and liquidity risk.

The role is accountable for optimising the cost of funds, ensuring robust liquidity and ALM management, maintaining full regulatory compliance, and building deep relationships with banks, mutual funds, insurance companies, rating agencies, and other market participants.

The role leads the entire Treasury function and is a key member of the Finance leadership team, working closely with the CFO on funding strategy, capital structure, and Board/ALCO reporting.

Other Quantitative / Qualitative Parameters - Financial

• Cost of Borrowing (COB)
• Cost of Funds (COF)
• Borrowing mix
• LCR/ALM support
• Overall Treasury P&L impact

Research

• Interest rate outlook
• Banks
• Mutual Funds
• Insurance Companies
• Corporates
• Financial Institutions/DFIs
• Exchanges
• Depositories

Treasury at Bajaj Auto Credit Limited is responsible for mobilising and deploying funds at optimal cost, managing asset-liability risk, maintaining regulatory liquidity buffers (LCR), hedging interest rate and currency exposure, and sustaining relationships with a broad base of lenders and investors, all while supporting the growth of the company's lending book.

The Head – Treasury owns this mandate end-to-end: setting the borrowing strategy in consultation with the CFO, leading negotiation and closure of funding transactions across NCDs, CPs, bank lines, and ECBs, and building a resilient, diversified funding base that can flex with business growth.

The role also carries full accountability for the team's output, for regulatory and audit compliance, and for representing Treasury at ALCO, RMC, and Board levels.

Key Responsibilities

• Funding Strategy and Market Execution
• Own the overall borrowing strategy and calendar, in consultation with the CFO.
• Mobilise funds through private placement/public issue of NCDs and CPs, and through bank lines.
• Raise External Commercial Borrowings (ECBs) from overseas lenders and DFIs, maintaining strong global banking relationships.
• Time market entry to minimise cost of borrowing; track interest rate movements, credit spreads, and investor appetite.
• Decide and adjust the borrowing mix (short vs. long tenor, bank vs. market) to meet cost and diversification objectives.

Relationship Management and Investor Diversification

• Build and sustain senior-level relationships with banks, mutual funds, insurance companies, corporates, FIs, and international lenders.
• Continuously widen and deepen the investor base across domestic and international markets.
• Manage the rating agency relationship and credit rating review process.

Liquidity and Investment Management

• Direct investment of surplus funds in G-Secs, T-Bills, and other approved securities to meet LCR requirements.
• Work with the ALM/Cashflow teams to plan liquidity, minimise negative carry, and optimise returns on surplus funds.

Risk Management and Hedging

• Own the interest rate and currency hedging strategy (OIS, IRS, futures, and other derivatives) for the borrowing book.
• Ensure MTM, valuation, and reporting of the debt and investment portfolio are accurate and timely.
• Build and maintain a robust risk management framework covering credit, market, and liquidity risk.

Team Leadership and Operations

• Lead, mentor, and manage the Treasury team (Debt Markets, Investments, Treasury Operations).
• Oversee end-to-end execution, settlement, and documentation of all borrowing and investment transactions per SOPs.
• Drive automation and digitisation of Treasury systems and processes.

Compliance and Governance

• Ensure full compliance with RBI, SEBI, FEMA, NHB, and FIMMDA guidelines applicable to Treasury operations.
• Ensure Treasury is fully prepared for statutory, internal, and concurrent audits.
• Present funding, investment, and risk positions to ALCO, RMC, the Board, and senior management.
• Provide accurate data for central MIS (COB, COF, budgets, projections).

Critical Skill Sets

• Strong background in financial modelling and analysis.
• Deep expertise in domestic and international debt capital markets.
• Strong track record reading and acting on interest rate and market movements.
• Demonstrated leadership managing a mid-to-large treasury/finance team.
• Excellent negotiation and stakeholder-influencing skills, including at CXO/Board level.
• Strong existing network across banks, DFIs, mutual funds, and rating agencies.

Major Challenges in the Role

• Securing funds at optimal cost in volatile domestic and global markets.
• Balancing currency, interest rate, and liquidity risk across a growing book.
• Reading market direction early enough to act on it.
• Structuring innovative funding solutions (securitisation, structured debt, bond arbitrage) where standard instruments fall short.
• Continuously diversifying the investor base to avoid concentration risk.
• Staying ahead of evolving regulatory requirements across RBI, SEBI, and FEMA.

Education & Experience

• 10–13 years of relevant experience in corporate treasury, debt capital markets, or NBFC/banking treasury.
• At least 5+ years in a leadership role managing borrowings, investments, ECBs, and full treasury operations.
• Prior experience presenting to ALCO/Board-level forums preferred.
• Funds Mobilisation from Domestic & International Markets
• Mobilise funds via NCDs/CPs and bank lines.
• Raise ECBs in compliance with RBI/FEMA.
• Monitor fund inflows/outflows against business demand.
• Plan rollovers ahead of redemptions.
• Optimise short/long-term and bank/market mix.
• Lead emergency fund mobilisation when required.

Liquidity & Investment Management

• Set investment strategy for G-Secs/T-Bills/approved securities to meet LCR.
• Manage surplus liquidity to minimise negative carry.
• Coordinate with ALM/Cashflow teams.
• Drive returns through efficient fund deployment.

Relationship Management & Investor Diversification

• Maintain senior relationships across banks, MFs, insurers, corporates, FIs, and DFIs.
• Grow and diversify the investor base.
• Present funding propositions to CFOs/Treasury Heads/CIOs of counterparties.
• Structure innovative funding deals where useful.
• Hedge FX exposure on foreign borrowings.
• Build and maintain the risk management framework.
• Ensure accurate MTM/valuation.
• Present risk positions to ALCO/RMC/Board.
• Ensure clean end-to-end execution and settlement of all deals per SOP.
• Lead and develop the Treasury team.
• Drive automation/digitisation of Treasury systems.
• Ensure documentation and disclosures meet statutory norms.

Compliance & Governance

• Ensure adherence to RBI/SEBI/NHB/FEMA requirements.
• Keep Treasury audit-ready (statutory, internal, concurrent).
• Maintain governance to avoid penalties/reputational risk.
• Ensure accurate, timely regulator reporting.
• Produce MIS on borrowings, investments, COB/COF, and benchmarks.
• Present Treasury updates at management/ALCO/Board reviews.
• Track domestic/global market developments and share insights with leadership.