Senior Associate Treasury

National Payments Corporation of India; Mumbai; On-site; INR 1,300,000 - 1,900,000; Full time

Job summary

National Payments Corporation of India (NPCI) is seeking an experienced FX operations professional to support the Forex Management (NFM) setup and ongoing activities. You will assist in implementing forex strategies, validate trades, and coordinate settlements with international banks and partners.

The role requires 2+ years in FX back office or related financial operations, strong knowledge of FX products, and proficiency with FX platforms and back-office systems.

Qualifications

• Bachelor’s degree in finance, business, economics or related field.
• 2+ years in FX back office or related financial operations role.
• Strong understanding of FX products and market practices.
• Proficiency in FX trading platforms and back-office systems.
• Analytical mindset with attention to detail and accuracy.

Responsibilities

• Support setup and operationalising NIPL Forex Management (NFM).
• Assist in deploying forex strategies to mitigate currency risk.
• Support front office in trade confirmation and end-to-end FX operations.
• Monitor FX rates, raise escalations for variances with banks and stakeholders.
• Handle settlements with international partners and AD1 banks.
• Ensure FX activities comply with policies and regulatory requirements.
• Negotiate FX pricing and set FX limits with banks.
• Maintain FX management platforms and system upgrades.
• Prepare daily/ monthly/ quarterly/ annual FX reporting for Head, CFO, CEO and Board.
• Drive process improvements and coordinate with IT for system enhancements.
• Oversee month-end close, reconciliations, and audit engagements.
• Collaborate with business, operations, and back-office teams; provide specialist support.
• Manage bank and external stakeholder relationships; work with consultants on FX offerings.

Skills

FX back office

FX products

Excel

Analytical skills

Problem-solving

Attention to detail

Communication skills

AI proficiency

Education

Bachelor’s degree in finance / economics / business

Tools

FX trading platforms

Back-office systems

Job description

National Payments Corporation of India (NPCI) | Full Time

The National Payments Corporation of India (NPCI) is a pivotal institution in India's digital payments ecosystem, established by the Reserve Bank of India (RBI) and the Indian Banks’ Association (IBA). It operates under the Payment and Settlement Systems Act, 2007, and is incorporated as a “Not for Profit” company under Section 25 of the Companies Act 1956 (now Section 8 of the Companies Act 2013). NPCI is dedicated to building world‑class digital payment infrastructure through innovative and efficient retail payment platforms. As an Equal Opportunity Employer, NPCI is committed to fostering an inclusive workplace culture, with zero tolerance for discrimination based on race, ethnicity, disability, gender identity, or sexual orientation, including support for the LGBTQ+ community.

Our Culture

At NPCI, we foster a culture of Inclusion, Innovation, and a High- Performance Workplace .

The NPCIWAY isnotjustaframework - it’sasharedcommitmentbyevery individual to align with our evolving business needs, dynamic market conditions, and workforce expectations.

Five Tenets of the NPCIWAY

• ForwardThinkingMind-Set
• CustomerFirst
• LeadWith Purpose
• PassiontoDeliver
• AllSucceedTogether

Employee Perks and Benefits

Insurance&Wellness

• ComprehensiveCoverage :Medical,accidental,andlifeinsurance.
• Employee Assistance Program : Onsite medical center, financial/legal counselling, mental wellness.
• AnnualWellnessBouquet :Holisticwellbeingsupport

Family &Childcare

• ParentalLeave :Inclusivematernityandpaternityleave.
• Nanny at home Support: Assistance for Working Parents

Mobility&Lifestyle

• MobilityBenefits :Relocation,transfers,andtravelsupport.
• HomeLoanInterestSupport :Upto50%reimbursement*
• MobileReimbursement :Newhandsetevery2years.
• CarLease,SalaryAdvance,SubsidizedMeals.
• Reward&RecognitionProgram.
• TechnologyInnovation: PatentsandIPRightspolicy.

Retirement Planning

• ProvidentFund(PF) and Gratuity Contributions .

Why Join Us

At NPCI, you’ll be part of a purpose-driven organization shaping the future of digital payments in India and beyond. NPCI offers a unique opportunity to work on cutting-edge projects that directly impact millions. We foster a culture of innovation, inclusion, and high performance, where every individual is empowered to lead with purpose and deliver with passion. With a strong focus on employee wellbeing, continuous learning, and collaborative success, NPCI is more than just a workplace - it’s a platform to grow, contribute, and make a meaningful difference.

Duties and Responsibilities

• Supporting for setting up and operationalising the “NIPL Forex Management (NFM)”
• Assisting in deploying Forex management strategies to mitigate the risk of adverse currency movement
• Assisting front office on trade confirmation, confirm trades with counterparties and ensure accuracy and completeness. Manage end to end FX operation for ITC.
• As part of compliance and governance functions, monitor FX rates and related news and raise timely escalations with banks and internal stake holders in case of variances in margins charged over rates.
• Handle the settlement with international partner and AD1 Banks of FX trades.
• Ensuring that forex management activities are carried out in accordance with approved policies and guidelines. Compliance of FX Risk Management Policy and Internal Policies.
• Negotiation with Banks for FX pricing and setting up FX limits with banks and related documentation.
• Ensuring Forex management related compliance and regulatory requirement. Keep abreast of changes in regulations affecting the FX market and implement necessary changes in processes.
• Smooth functioning of Day-to-Day activities of the Forex Management
• Maintaining the online business banking platforms and forex management systems ensuring the correct recording of all transactions and overseeing technical upgrades as required.
• Preparing daily/ monthly/ quarterly/ annually reporting on fx activities to the Head, CFO, CEO and Board.
• Identify and implement process improvement initiatives to enhance efficiency and accuracy. Liaise with IT to develop and test system enhancements.
• Reporting of FX transactions including month end close, reconciliations.
• Managing the internal and external audit processes and engagement with auditors.
• Working collaboratively with the business, operation and Back-office system acting as an escalation point for unresolved issues, provide specialist financial support and information that they value.
• Managing Bank and other External Stakeholder Relationships
• Working closely with our external consultants to build Fx and Fx related product offerings

Knowledge, Skills and Experience

• Bachelor’s degree in finance, Business Administration, Economics, or a related field.
• 2+ years of experience in FX back office or a related financial operations role.
• Strong understanding of FX products and market practices.
• Proficiency in using FX trading platforms and back-office systems.
• Excellent analytical and problem-solving skills.
• Strong attention to detail and accuracy.
• Effective communication and interpersonal skills.
• Ability to work under pressure and meet tight deadlines.
• Advanced proficiency in Excel and other data analysis tools.
• AI proficiency.