Head of Treasury

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