Treasury Manager Forex - Mumbai/Kolkata

Company Description

Multicon Group

Role Description

Treasury Manager – Forex

Key Responsibilities:

●  Manage day-to-day FX treasury desk operations (retail & wholesale forex).

●  Quote rates for branches and clients, and hedge open positions through interbank transactions).

●  Circulate daily card rates and manage FX liquidity across locations.

●  Supervise treasury settlements for retail FX, traveler’s cheques, and bulk cash orders.

●  Oversee inward and outward remittance processing, including SWIFT.

●  Perform daily reconciliation of nostro/vostro accounts and address discrepancies.

●  Scrutinize trade/non-trade remittance documentation for regulatory compliance.

●  Liaise with banks and partners for timely fund settlements and confirmations.

●  Handle export/import arrangements of physical banknotes to/from global markets.

●  Ensure regulatory compliance (FEMA, RBI) in banknote movement documentation.

●  Coordinate with logistics partners, customs, and regulators as needed.

●  Monitor and manage credit lines extended by various banking partners.

●  Implement hedging strategies using derivatives to reduce FX risk exposure

●  Regulatory & Compliance Governance

●  Ensure effective cash flow planning and timely fund availability.

●  Identify and mitigate operational risks within treasury processes.

●  Maintain accurate records of all treasury transactions and ensure end-to-end documentation.

●    Leadership & People Management

●  Prepare process notes, SOPs, and ensure audit-readiness across treasury operations.

●  Collaborate with compliance/legal teams to maintain KYC and AML standards.

●  Build and maintain strong working relationships with internal departments (sales, accounts, compliance) and banking partners.

●  Lead training sessions for junior staff and branches on treasury processes and regulatory updates.

●  Drive a data-first culture by ensuring real-time access to operational and financial data.

●  Supervise preparation of branch-wise, product-wise, and sales performance dashboards.

●  Identify business trends, sales bottlenecks, and areas of risk or opportunity using data analytics.

●  Review profitability, cost structures, revenue growth, and business unit performance

●  Provide strategic input for pricing, margin management, and commissions

●  support budgeting, forecasting, cost optimization, and ROI analysis

Qualifications

●  Bachelor’s degree in Business Administration, Finance, or a related field (MBA or CA preferred)

●  Minimum 15 years of experience in Forex, with at least 6 years in senior leadership roles such as Forex Treasury Manager, Business Head, or equivalent.

●  Hands-on experience in managing multi-branch operations, leading cross-functional teams, and working with RBI/FEMA guidelines.

●  Strong leadership, people management, and team development skills.

●  Excellent communication, negotiation, and interpersonal skills.

●  Experience in budgeting, financial planning, and fund management, Currency Management.

●  Excellent leadership, decision-making, and team management capabilities.

●  Ability to thrive in a fast-paced, target-driven, and compliance-sensitive environment

●  Strong business acumen with a strategic mindset

●  Proficient in data analysis, MIS reporting, and dashboard tools

●  Excellent organizational, problem-solving, and multitasking abilities

●  Problem-solving and decision-making abilities under pressure.