Treasury Manager - Front Office (Forex Transformation)

NPCI International Payments (NIPL); Mumbai; On-site; INR 3,500,000 - 5,500,000; Full time

Job summary

NPCI International Payments (NIPL) is hiring a Treasury Manager - Front Office to establish and lead the Forex Front Office, implement FX hedging, and build an in-house treasury model. The role requires strategic thinking, strong stakehold er management, and collaboration across banking partners, technology, and finance teams.

You will drive TMS evaluation, automate treasury activities, and explore AI-enabled capabilities to improve forecasting, reporting, and liquidity management while ensuring

Qualifications

• 8-15 years of experience in Treasury Front Office, Forex Management, Corporate Treasury, or Treasury Consulting.
• Hands-on experience in FX risk management and hedging.
• Prior involvement in Treasury Management System (TMS) implementation or treasury transformation projects.
• Experience in setting up treasury functions, centralized treasury structures, or treasury centres.
• Exposure to AI, analytics, automation, or digital treasury initiatives is highly desirable.
• CA / MBA Finance / MMS Finance or equivalent qualification.

Responsibilities

• Establish and manage NIPL's Forex Front Office function.
• Implement the FX Hedging Policy and monitor exposures.
• Evaluate hedge effectiveness and recommend optimization strategies.
• Lead end-to-end evaluation, selection, and implementation of Treasury Management Solutions (TMS).
• Develop AI-driven use cases for FX exposure forecasting, hedge optimization, liquidity forecasting, and risk analytics.
• Manage relationships with FX partner banks and treasury service providers.
• Ensure RBI, FEMA compliance and governance for treasury activities.
• Develop treasury dashboards and MIS for senior leadership.

Skills

Foreign Exchange Risk Management

Hedging Strategy Development

Liquidity and Cash Management

Treasury Operations

Treasury Policy Frameworks

Strategic Thinking

Project Management

Vendor & Bank Relationship Management

Cross-functional Collaboration

Strong Communication and Presentation

Education

CA / MBA Finance / MMS Finance or equivalent

CFA / ACT / FRM or equivalent (advantage)

Tools

Kyriba

FIS Quantum

SAP Treasury

GTreasury

Integrity

AI & Analytics

Digital Treasury

Process Automation

Data Visualization

Job description

Role & responsibilities

Treasury Manager - Front Office (Forex Transformation)

Location: Goregaon, Mumbai

About NIPL

NIPL as the international arm of NPCI, focused on expanding global acceptance of RuPay and UPI and building world-class international payment solutions.

As NIPL continues its global expansion, we are looking for a dynamic Treasury professional to establish a robust Treasury Front Office framework, drive foreign exchange risk management, implement advanced treasury technologies, and build a future-ready treasury operating model.

Role Purpose

The Treasury Manager - Front Office will be responsible for establishing and managing NIPL's Forex Front Office function. The role will play a critical part in implementing the FX Hedging Policy, managing foreign exchange exposures, evaluating and implementing Treasury Management Solutions (TMS), setting up an in-house treasury structure, and leveraging Artificial Intelligence (AI) to enhance treasury decision-making, forecasting, and operational efficiency.

This position will work closely with senior management, banking partners, technology teams, finance, legal, and compliance functions to build a scalable and strategic treasury ecosystem.

Key Responsibilities

1. Treasury Strategy & In-House Treasury Setup

• Support the establishment and operationalization of NIPL's International Treasury Centre.
• Design and implement a centralized in-house treasury framework aligned with business growth objectives.
• Define treasury operating model, governance framework, policies, and controls.
• Establish treasury front office processes for dealing, risk management, and liquidity management.
• Build relationships with banking partners and financial institutions globally.

2. Forex Risk Management & Hedging

• Implement and operationalize the FX Hedging Policy.
• Identify, assess, monitor, and mitigate foreign exchange exposures arising from global business operations.
• Develop and execute hedging strategies using permitted treasury products such as forwards, spot, and other approved instruments.
• Evaluate hedge effectiveness and recommend optimization strategies.
• Monitor market developments, currency movements, and macroeconomic trends impacting treasury risk.

3. Treasury Management System (TMS) Evaluation & Implementation

• Lead end-to-end evaluation, selection, and implementation of Treasury Management Solutions.
• Prepare business requirements, RFPs, vendor evaluations, and implementation roadmaps.
• Collaborate with technology teams and vendors for system integration with ERP, banking platforms, and reporting tools.
• Drive automation of treasury activities including dealing, confirmations, settlements, exposure management, and reporting.
• Establish system controls, workflows, dashboards, and management reporting capabilities.

4. AI & Digital Treasury Transformation

• Identify opportunities to leverage AI and advanced analytics across treasury operations.
• Develop AI-driven use cases for:
  • FX exposure forecasting
  • Hedge optimization
  • Liquidity forecasting
  • Treasury risk analytics
  • Automated reporting and insights generation
• Evaluate emerging treasury technologies and digital solutions.
• Partner with internal technology teams and external solution providers to implement AI-enabled treasury capabilities.

5. Banking & Market Relationship Management

• Manage relationships with FX partner banks and financial institutions.
• Negotiate FX pricing, transaction structures, and banking arrangements.
• Drive onboarding of banking partners and treasury products.
• Ensure optimum utilization of banking facilities and treasury services.

6. Governance, Compliance & Risk Management

• Ensure adherence to RBI, FEMA, accounting, and internal treasury guidelines.
• Monitor compliance with approved hedging frameworks and treasury policies.
• Support internal and external audits related to treasury activities.

7. Reporting & Management Support

• Develop treasury dashboards and MIS for senior leadership.
• Present market outlook, FX risk positions, hedge performance, and treasury recommendations.
• Provide actionable insights for strategic business decisions.
• Prepare Board and Management Committee presentations on treasury risk and performance.

Desired Qualification

• CA / MBA Finance / MMS Finance or equivalent professional qualification.
• Additional treasury certifications such as CFA, ACT, FRM, or equivalent will be an advantage.

Experience

• 8-15 years of experience in Treasury Front Office, Forex Management, Corporate Treasury, or Treasury Consulting.
• Hands-on experience in FX risk management and hedging.
• Prior involvement in Treasury Management System (TMS) implementation or treasury transformation projects.
• Experience in setting up treasury functions, centralized treasury structures, or treasury centres.
• Exposure to AI, analytics, automation, or digital treasury initiatives is highly desirable.

Key Skills & Competencies

Treasury Expertise

• Foreign Exchange Risk Management
• Hedging Strategy Development
• Liquidity and Cash Management
• Treasury Operations
• Treasury Policy Frameworks

Technology & Transformation

• Treasury Management Systems (Kyriba, FIS Quantum, Integrity, SAP Treasury, GTreasury, etc.)
• AI & Advanced Analytics
• Digital Treasury Transformation
• Process Automation
• Data Analytics and Visualization

Leadership & Stakeholder Management

• Strategic Thinking
• Project Management
• Vendor & Bank Relationship Management
• Cross-functional Collaboration
• Strong Communication and Presentation Skills