Head of Treasury

Job Description

Bombay Mercantile Co-Operative Bank Ltd., a leading Multi-State Scheduled Bank, with 52 branches across 10 states, requires dynamic and experience personnel. Age: 45-50 Years Location: Mumbai Qualification and Experience: Postgraduate in Finance, Economics, or related discipline. Minimum 10 years of banking experience with at least 5 years in treasury operations. Certification in Treasury or Investment Management is desirable. Key Responsibilities: Funds Management: Ensure efficient day-to-day fund management to meet the bank’s operational and regulatory liquidity requirements. Monitor inflows and outflows and maintain an optimal balance between liquidity and return on investments. Investment Portfolio Management: Manage the investment of surplus funds in government securities, bonds, mutual funds, and other permissible instruments. Ensure that investments are made as per the Board-approved Investment Policy and RBI guidelines. Regulatory Compliance: Maintain Statutory Liquidity Ratio (SLR) and Cash Reserve Ratio (CRR) as per RBI norms. File statutory returns related to treasury operations accurately and timely. Asset-Liability Management (ALM): Participate in the ALCO (Asset Liability Committee) and support in managing interest rate and liquidity risk. Monitor mismatches and recommend measures for effective balance sheet management. Dealing Operations: Supervise front office and back office dealing functions. Ensure accurate and ethical dealing in the money market and government securities market. Market Intelligence: Track market trends, interest rate movements, and economic indicators. Provide insights to senior management for strategic decision-making and policy formulation. Policy & Procedure Management: Develop and periodically review Treasury Policy, Investment Policy, and ALM Policy. Ensure implementation of best practices in treasury management. Audit & Risk Controls: Ensure treasury operations are subject to proper internal control, risk management, and audit mechanisms. Facilitate timely reconciliation and settlement of all treasury transactions. Reporting & MIS: Prepare and submit regular reports to the Management, ALCO, Board, and regulators. Maintain accurate and up-to-date records of all treasury transactions and holdings. Job Type: Full-time Schedule: Day shift Ability to commute/relocate: Masjid, Mumbai, Maharashtra: Reliably commute or planning to relocate before starting work (Preferred) Education: Bachelor's (Preferred) Experience: Head of Treasury: 10 years (Preferred) Work Location: In person