* Purpose/Objective
We are seeking an experienced, analytical, and highly structured professional to join our Group Treasury team in the Middle Office. This role is central to reporting and compliances related to Treasury’s risk management activities. The selected candidate will ensure stringent risk management, system implementations, valuation precision, internal and external compliances related to risk management, and strategic risk and performance reporting. You will play a vital role in analyzing and controlling the risk of treasury dealings, monitoring trade execution, keeping and active and analytical eye on daily P&L and Mark-to-Market (MTM) calculations as well as the positions run by the traders, ensure zero exceptions by traders and timely rectification / ratifications of the same if any.
* Description for Internal Candidates
About Business:
Adani Group: In recent years, we have evolved from a new player in power generation to India’s largest private thermal power producer, with a capacity of 15,250 MW and a 40 MW solar project in Gujarat. It has created a world-class logistics and utility infrastructure portfolio that has a pan-India presence. Adani Group is headquartered in Ahmedabad, in the state of Gujarat, India. Over the years, Adani Group has positioned itself to be the market leader in its logistics and energy businesses focusing on large-scale infrastructure development in India with O & M practices benchmarked to global standards. With four IG-rated businesses, it is the only Infrastructure Investment Grade issuer in India.
Job Purpose: The Team Member - Middle Office supports treasury operations by monitoring transactions, ensuring compliance with risk policies, and reconciling data across front, middle, and back offices. The role focuses on risk reporting, transaction validation, and process enhancements to maintain operational accuracy and support the treasury’s financial and risk management objectives.
* Key Responsibilities of Role
1. Risk Management, Limit Monitoring & System Implementation
- Limit Setup & Monitoring: Set up, monitor, and enforce exposure and stop-loss limits across treasury activities, providing regular performance and utilization reports to senior leadership.
- Breach Management: In the event of an exposure or stop-loss limit breach, proactively seek immediate trade ratification and formulate a concrete action plan to bring utilization back within limits. Report breach summaries and subsequent progress to senior management.
- Risk Analytics: Analyze and control the risk of treasury dealings. Calculate, analyze, and report Value at Risk (VaR) on a regular basis.
- Stress Testing: Run forward-looking forecasts and simulations using sensitivity analysis and stress testing to provide deep insights into potential portfolio impacts.
- System Implementation & Reporting: Provide business and risk intelligence to management to assist in the implementation of advanced risk management systems.
2. Trade Execution Control, Valuations & Mandates
- Execution Source Control: Monitor and control trade execution channels (such as FXGo, Bloomberg Chat, or official Voice calls). Escalate any unauthorized trade execution sources immediately.
- Dealer Mandates: Maintain up-to-date dealer mandates and ensure that all treasury transactions are executed in strict accordance with corporate authorization rules.
- P&L Computation: Compute and publish daily Profit and Loss (PnL) statements for all trading / risk management desks of Group Treasury.
- Valuation & MTM Reconciliation: Ensure the absolute correctness of trade valuations by assessing and testing the pricing methodologies utilized by the FinMechanics (FM) system.
3. Hedging, Debt Documentation & DCM Coordination
- Risk quantification: Actively monitor and report quantum of Risk run by desk and ad well as Group along with sensitivity and scenarios.
- Covenant Tracking & Monitoring: Set up, maintain, and manage a robust tracking framework to monitor compliance with financial, operational, and hedging covenants under existing and new debt documents (including USD Bonds, ECBs, FCLs, and bilateral bank facilities). Ensure zero defaults by proactively flagging covenant headroom risks to senior management.
- Economic Value of Treasury Activities: Actively analyze, quantify and report on the economic value of Treasury decisions.
- Hedge Cost Benchmarking: Track, analyze, and publish actual hedge costs against benchmark hedge costs for USD Bonds, External Commercial Borrowings (ECBs), and Foreign Currency Loans (FCLs) on a regular basis.
- DCM Documentation: Coordinate with key internal and external stakeholders—including legal teams, lead managers, and BUs—to timely execute Debt Capital Markets (DCM) documentation.
4. Audit Compliance
- Audit Coordination: Serve as the primary point of contact for the internal audit team. Ensure swift resolution of audit findings and establish clear, time-bound action plans to address any noted control gaps.
* Qualifications and Experience
- Education: Chartered Accountant (CA), Financial Risk Management (FRM), CFA, or MBA in Finance from a premier institution.
- Experience: 5 to 9 years of direct experience in a Treasury Middle Office, Treasury Control, or Market Risk department within a large multinational conglomerate, major bank, or financial institution.