Senior Manager - Treasury

Overview

Senior Manager in WPP's treasury team, overseeing India's cashflow, liquidity, investments, banking relationships and foreign exchange risk, reporting to the Regional Treasurer.

What you'll do

• Monitor daily cash position and manage liquidity planning to ensure adequate funding for business operations in India.
• Prepare and maintain short-term and long-term cash flow forecasts (weekly, monthly, quarterly) to minimize idle excess cash.
• Optimize working capital and manage deployment of surplus funds in deposit placement for yield enhancement.
• Lead and oversee service fee settlement and dividend repatriation in a timely manner.
• Serve as primary point of contact for banking partners in India; negotiate terms, pricing and facilities.
• Manage banking documentation, KYC and regulatory compliance.
• Identify, manage and report on foreign exchange (FX) exposure across the networks.
• Design and implement foreign currency hedging strategies for business operations to mitigate financial risks.
• Advise the business on FEMA (Foreign Exchange Management Act) compliance and requirements.
• Build deep relationships with CFOs and FDs across diverse networks and influence decisions on working capital and foreign exchange management.
• Support communication of treasury policy and internal control standards, ensuring application in line with local treasury procedures.
• Monitor and assess the impact of local market conditions such as regulation, currency controls and financial products, and advise internally.
• Support Treasury GBS team on joint or Treasury-led developments as required.
• Support fund-raising activities through instruments such as bank loans and intercompany financing.
• Manage loan drawdown and repayment of operating entities in India, including refinancing and timely servicing of debt obligations.

What you'll need

• Graduate or postgraduate education.
• Qualified Chartered Accountant (CA).
• 11-15 years of progressive experience in corporate treasury, cash management or a similar finance role.
• Deep understanding of RBI regulations, FEMA and local banking practices.
• Strong experience managing banking relationships and forex hedging instruments.
• Knowledge of derivatives and of hedging currency exposures directly or indirectly.
• Knowledge of accounting for FX gains and losses and where they arise.
• Strong analytical, communication and stakeholder management skills.
• Profound understanding and operating experience in cash management and FX risk management products.

Nice to have

• CTP (Certified Treasury Professional) qualification.
• Experience with Treasury Management Systems (e.g., IT/2).
• Experience operating in a multi-currency, multi-entity global organization.
• Experience in Power BI.

Details

• Location: Mumbai, India.
• Hybrid work with teams in the office around four days a week.
• Reports to the Regional Treasurer (Asia Pacific Treasurer).