Senior Assistant Vice President – Global Treasury & Controllership

EXL; Dadri; On-site; INR 400,000 - 700,000; Full time

Job summary

EXL is seeking a Strategy Lead for the global treasury and banking function to drive liquidity optimization, inter-company funding, and robust controls across 30+ legal entities. You will oversee banking relationships, bank reconciliations, hedge book management, and compliance with RBI and other regulators, while leading digitization initiatives in treasury operations.

The role includes refinancing, dividend planning, and facilitating strategic funding for M&A, with responsibility for a USD 300

Qualifications

• Experience leading treasury and banking operations for a multi-entity group.
• Strong understanding of cash management and liquidity optimization.
• Experience with FX hedging and forward contracts.
• Familiarity with RBI/regulatory compliance across jurisdictions.
• Proven ability to drive digitization and automation in treasury processes.

Responsibilities

• Ensure adequate liquidity and efficient cash utilization across entities.
• Optimize banking infrastructure, including account rationalization and fee negotiations.
• Oversee end-to-end bank reconciliation (BRS) process with timely completion and clear reconciling items.
• Manage hedge book across currencies and apply hedge accounting to minimize P&L volatility.
• Ensure compliance with covenants related to borrowings and regulatory submissions.
• Lead transformation and digitization initiatives across treasury and banking operations.

Skills

Liquidity management

Cash flow forecasting

Banking operations

Hedge accounting

Regulatory compliance

Stakeholder management

Job description

• 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