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 qualified 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

📌 Treasury Manager - Front Office (Forex Transformation) (Mumbai)
🏢 NPCI International Payments (NIPL)
📍 Mumbai