Treasury Manager

Location Mumbai, India
About the Role
Job Title: Treasury & Risk Manager (IT Services)
Role Summary: The Treasury & Risk Manager will be responsible for the organization’s treasury function and enterprise risk framework for a global IT services business. The role focuses on managing liquidity, optimizing foreign exchange exposures, safeguarding cash flows from international clients, and ensuring robust risk management practices aligned with the company’s growth strategy.
Key Responsibilities
Treasury & Liquidity Management
Lead cash flow planning, liquidity management, and global cash visibility
Manage multi-currency cash flows driven by export revenues
Optimize working capital with special focus on receivables management
Oversee short-term and long-term funding strategies as applicable
Monitor DSOs, billing cycles, and collection efficiencies
2. Forex Risk Management
Manage foreign exchange exposures arising from export revenues and onsite costs, ensuring compliance with RBI/FEMA guidelines and hedge accounting standards (Ind AS 109)
Develop and execute hedging strategies to offer predictability in revenue and EBITDA forecasts.
3. Enterprise Risk Management (ERM)
Develop and implement enterprise-wide risk management frameworks for key risks such as - Currency risk, Client concentration risk, Geopolitical risks, Cybersecurity and operational risks, etc.
Establish risk governance, reporting dashboards, and mitigation strategies through automation.
4. Banking & Global Operations
Manage Banking relationships for transactional banking, international banking to ensure smooth fund flows and regulatory compliance
Optimize banking structures (cash pooling, intercompany funding, repatriation strategies, transaction costs)
5. Receivables & Credit Risk Management
Define customer credit policies and monitor exposure to key clients
Work with sales and delivery teams to mitigate collection risks
Manage bad debt provisioning and credit insurance
6. Investment & Surplus Cash Management
Develop and implement an investment policy to manage surplus cash in line with risk appetite and liquidity requirements
Invest in liquid instruments while ensuring capital safety
7. Compliance & Regulatory Oversight
Ensure compliance with:
RBI and FEMA regulations
Export-related regulations (SOFTEX, STPI/SEZ requirements)
Companies Act and tax regulations affecting cross-border flows
Oversee documentation for intercompany loans, guarantees, and hedging contracts
8. Strategic Finance Support
Support pricing strategy by providing FX insights for large deals
Partner with business teams on margin protection initiatives
Competitor and market intelligence and analysis for benchmarking.
9. Systems & Process Transformation
Digitize and automate cash forecasting, hedging, and risk reporting processes
Implement automated and AI driven Treasury Management Systems (TMS) solutions
Strengthen internal controls and audit readiness
10. Leadership Expectations
Drive alignment between treasury strategy and business growth
Act as a strategic advisor to CFO and executive leadership
Lead transformation initiatives in treasury digitization and risk governance
Maintain strong risk culture and compliance discipline
Qualifications & Experience
Chartered Accountant (CA), MBA (Finance), CFA or equivalent
10–15 years of experience in corporate treasury of IT services /BPO.
Strong experience managing forex risk in a multi-currency environment
Exposure to regulatory framework for India (RBI/FEMA, SEZ/STPI), US, Middle East.
Required Skills & Competencies
Expertise in Cash flow management, FX risk management and hedging strategies
Strong understanding of IT services financial model (offshore-onsite mix, billing cycles)
Advanced analytical and financial modeling skills
Strong stakeholder management across global teams
Strategic mindset with ability to link treasury to profitability
Leadership Expectations
• Drive alignment between treasury strategy and business growth
• Act as a strategic advisor to CFO and executive leadership
• Lead transformation initiatives in treasury digitization and risk governance
• Maintain strong risk culture and compliance discipline
Location:
Mumbai

Work arrangement
No