Treasury Middle Office Analyst (Market Desk Exposure)

UPL Limited; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

UPL Limited is seeking a Treasury Middle Office Analyst (Market Desk Exposure) to support the Front Office with governance, controls, risk monitoring, and reporting across treasury activities.

The role links dealing desk with back office, finance, and risk functions, ensuring accurate trade capture, MTM validation, and compliance with policies. The ideal candidate has finance qualifications and treasury exposure.

Qualifications

• MBA (Finance) / CFA / FRM or equivalent preferred.
• Hands-on experience in Corporate Treasury or Market Risk.
• Exposure to treasury instruments and hedging structures.

Responsibilities

• Support treasury market desk activities including FX, IR, liquidity & funding.
• Validate and confirm deals for accuracy, limits & compliance.
• Coordinate settlement with Back Office and record trades.
• Prepare daily/weekly risk & MTM reports and escalate breaches.
• Assist in month-end/quarter-end close and treasury governance.

Skills

Financial markets

Risk management

Advanced Excel

Stakeholder management

Communication skills

Governance

Education

MBA (Finance)

CFA

FRM

Statistics/Data Science (Masters)

Tools

Bloomberg/Reuters

Job description

Job Title

Treasury Middle Office Analyst (Market Desk Exposure)

Function

Finance / Corporate Treasury

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. The role 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 & their exposures, VaR/sensitivity, marktomarket (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 monthend and quarterend 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.

Internal

• Experience in Corporate Treasury, Treasury Middle Office, Bank Treasury, or Market Risk.
• Handson 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 stakeholdermanagement 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.
• Highquality risk insights supporting informed treasury decisionmaking.Effective collaboration with the market desk without compromising governance.