Specialist - Treasury Mid office

United Phosphorus Limited (UPL); Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

United Phosphorus Limited (UPL) invites applications for Specialist - Treasury Middle Office in Mumbai. The role supports the Front Office by ensuring governance, controls, risk monitoring and reporting across treasury and market activities, acting as a link between dealing desk, back office, finance and risk.

You will oversee treasury operations, validate deals, monitor market and counterparty risk, prepare MIS and contribute to MTM and stress testing, while maintaining strict policy compliance

Qualifications

• MBA Finance or CFA/FRM or MSc in statistics/data science preferred.
• 3–5 years of experience in Corporate Treasury, Treasury Middle Office, Bank Treasury, or Market Risk.
• Hands‑on exposure to treasury instruments such as FX, IR derivatives and hedging structures.

Responsibilities

• Treasury Operations & Market Support: support desk activities including FX, rates, liquidity, and funding transactions; validate deals; coordinate settlement.
• Risk Management & Controls: monitor market, counterparty, and liquidity risk; prepare reports (VaR/sensitivity/MTM); escalate breaches.
• Reporting & Analytics: prepare MIS for senior management; assist month-end/quarter-end close including MTM validation.
• Policy, Governance & Compliance: ensure adherence to treasury policies and regulatory requirements; support audits.
• Stakeholder Management & Systems: liaise between Front Office, Back Office, Finance, Risk, Banks and Auditors; coordinate with banks.

Skills

Financial markets

Treasury operations

Risk management

Advanced Excel

Stakeholder management

Attention to detail

Education

MBA Finance

CFA

FRM

MSc Statistics/Data Science

Tools

Bloomberg/Reuters

Job description

Job Title

Specialist - Treasury Middle Office

Basic Details

• Job ID: 13599
• City: Mumbai, Maharashtra, India
• Department: Treasury
• Function: Finance / Risk
• Employment Type: Permanent Full Time
• Seniority Level: Associate

Role Purpose

The Treasury Middle Office role supports the Front Office / Market Desk by ensuring robust governance, controls, risk monitoring, and reporting across treasury and market activities. It acts as a critical link between the dealing desk, back office, finance, and risk functions.

Key Responsibilities

• Treasury Operations & Market Support
  • Support treasury market desk activities including FX, interest rate, liquidity, and funding transactions.
  • Validate and independently confirm deals executed by the Front Office for accuracy, limits, and compliance.
  • Ensure timely capture of trades in treasury systems and coordinate settlement with Back Office.
• Risk Management & Controls
  • Monitor market risk (FX, IR, commodity), counterparty risk, and liquidity risk against approved policies and limits.
  • Prepare daily/weekly reports on respective portfolios & exposures, VaR/sensitivity, mark‑to‑market (MTM), and limit utilization.
  • Escalate breaches, exceptions, and emerging risks to Treasury Head / Risk Committee.
  • Support stress testing, sensitivity analysis, and hedge effectiveness assessments.
• Reporting & Analytics
  • Prepare MIS for senior management covering treasury positions, P&L attribution etc.
  • Assist in month‑end and quarter‑end treasury close processes, including MTM validation and accounting coordination.
• Policy, Governance & Compliance
  • Ensure compliance with internal treasury policies, delegated authority matrices, and regulatory requirements.
  • Support audits (internal, statutory) and contribute to strengthening treasury controls and documentation.
• Stakeholder Management & Systems
  • Act as an interface between Front Office, Back Office, Finance, Risk, Banks, and Auditors.
  • Coordinate with banks for confirmations, limits, and operational issues when required.

Qualifications & Experience

• MBA (Finance) / CFA / FRM / Masters in Statistics/Data Science or equivalent qualification preferred.
• 3–5 years of experience in Corporate Treasury, Treasury Middle Office, Bank Treasury, or Market Risk.
• Hands‑on exposure to treasury instruments such as FX (spot, forward, swaps), IR derivatives, and hedging structures.

Key Skills & Competencies

• Strong understanding of financial markets, treasury products, and risk management concepts.
• High attention to detail with a strong control and governance mindset.
• Advanced Excel skills; exposure to Bloomberg/Reuters or equivalent market systems is an advantage.
• Strong analytical, communication, and stakeholder‑management skills.
• Ability to work closely with the market desk while maintaining independence and objectivity.

Role Outcomes

• Accurate and timely validation and reporting of treasury deals and exposures.
• Zero material control breaches or audit issues.
• High‑quality risk insights supporting informed treasury decision‑making.
• Effective collaboration with the market desk without compromising governance.