Bombay Mercantile Co-Operative Bank Ltd., a leading Multi-State Scheduled Bank, with 52 branches across 10 states, requires dynamic and experience personnel.
Age: Maximum 45 Years
Location: Mumbai
Qualification and Experience:
- Postgraduate in Finance, Economics, or related discipline.
- Minimum 3-5 years of banking experience with at least 3 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
Ability to commute/relocate:
- Masjid, Mumbai, Maharashtra: Reliably commute or planning to relocate before starting work (Preferred)
Education:
Experience:
- Head of Treasury: 10 years (Preferred)
Work Location: In person
