Senior AVP- Treasury Operations

ExlService Holdings, Inc.; Dadri; On-site; INR 2,500,000 - 5,000,000; Full time

Job summary

ExlService Holdings, Inc. seeks a Treasury & Banking Strategy Leader to guide global treasury operations from India. You will drive liquidity planning, manage USD 1B+ hedge books, oversee bank relationships, and lead digitization across processes.

The role requires strong controls, regulatory compliance, and cross-entity funding across 30+ entities. You will partner with senior management to optimize banking structures, refinancing, dividends, and funding for strategic initiatives, including

Responsibilities

• Act as strategy lead for global treasury and banking.
• Ensure adherence to treasury policies and controls.
• Manage foreign currency risk via forward contracts and derivatives.
• Oversee banking relationships with bankers, management, and auditors.
• Manage liquidity, cash positioning, and inter-company transfers across 30+ entities.
• Oversee bank operations: account openings/closures, mandate management, signatory controls.
• Ensure timely bank reconciliations with strong controls.
• Manage investment portfolio of ~USD 300 million diversified across geographies.
• Negotiate borrowing arrangements and banking facilities.
• Lead major treasury initiatives: refinancing, dividends, banking structure optimization.
• Drive digitization/automation/AI in treasury processes.
• Support due diligence and funding for M&A.
• Ensure compliance with RBI and other regulators.

Job description

Basic Function

1. Act as the strategy lead for the global treasury and banking function of EXL.
2. Ensure adherence to policies and procedures governing all treasury and banking operations, including bank account management and controls.
3. Manage foreign currency risk through forward contracts and derivative instruments.
4. Oversee banking relationships, including engagement with bankers, senior management, and auditors on all banking matters.
5. Manage liquidity, cash positioning, and inter-company fund transfers across 30+ legal entities.
6. Oversee and control banking operations, including account opening/closures, mandate management, signatory controls, and bank documentation.
7. Ensure timely and accurate bank reconciliations (BRS) across all entities and accounts, with robust controls to identify and resolve reconciling items.
8. Manage investment portfolio of ~USD 300 million diversified across geographies.
9. Negotiate and evaluate borrowing arrangements and banking facilities.
10. Lead major treasury and banking initiatives such as refinancing, dividend distribution, and banking structure optimization.
11. Drive digitization/automation/AI initiatives across treasury, investments, hedging, BRS, and banking processes.
12. Support financial due diligence and arrange funding for strategic initiatives such as M&A.
13. Ensure compliance with regulations prescribed by central banks (e.g., RBI) and other regulatory authorities across jurisdictions.

Essential Functions

1. Ensure adequate liquidity and efficient cash utilization across all legal entities and bank accounts.
2. Manage and optimize banking infrastructure, including account rationalization, fee negotiations, and service efficiency.
3. 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
4. Manage hedge book exceeding USD 1 billion across currencies, ensuring appropriate hedge accounting to minimize P&L volatility.
5. Ensure compliance with all financial and non-financial covenants related to borrowings.
6. Analyze impact of interest income/expense, FX gains/losses, and treasury performance on periodic financials; ensure alignment with annual targets.
7. Manage internal and statutory audits, including Financial reporting, SOX compliance, and regulatory submissions.
8. Lead transformation and digitization initiatives across treasury and banking operations, including automation of BRS and bank interfaces.
9. Develop, update, and enforce treasury and banking policies, including controls around cash management, banking operations, and reconciliations.
10. Sound knowledge of various statutory compliances across geographies