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