Treasury Manager

In country Reporting to: Head – Treasury Risk Management, South Asia

Functional Reporting to : Head – Risk Advisory within Global Treasury Risk Management (TRM) team based out of Germany

Team: Individual contributor

Location: Worli, Mumbai

Coverage: Siemens Ltd, India’s all businesses: Digital industries, Smart

Infrastructure,Mobility& Siemens Group Companies

First point of contact for all Currency Management tasks for businesses; Support the Business/Project Commercial Managers in the identification of foreign currency risks & advise on mitigation of such risk including assessing the level of risk mitigation in case of currency clause usage

Collate foreign currency exposure from businesses, review project cash flows together with the Project Commercial Managers and initiate consolidated hedge requests to Fx Trader; Monitor the outstanding hedge book and give timely updates to Fx Trader to initiate rollovers/cancellations based on changes to underlying exposures and expected cashflow. Identifying & hedging Balance sheet exposures in line with Siemens policy

Provide rates for offer calculation to the businesses and monitor significant contingent foreign currency exposure, post updating the offer calculation rate every month

Report monthly Net Foreign Currency Position and also, on a quarterly basis, report to management on foreign currency & commodity exposure & hedging status

Advise the Commercial Managers on the appropriate application of Hedge Accounting and the accounting impact of foreign currency transactions and support in the identification of Embedded Derivatives

Management of Stakeholders - Must build transparency and trust across all partners; Collaborate effectively with business teams & other regional currency management teams outside India, implement standard methodologies, with a clear focus on digitalization & automation