Senior Executive - Treasury Middle Office

About the role

Job Title: Senior Executive - Treasury Middle Office Location: Bangalore ABOUT UNILEVER: Be part of the world's most successful, purpose-led business. Work with brands that are well-loved around the world, that improve the lives of our consumers and the communities around us. We promote innovation, big and small, to make our business win and grow; and we believe in business as a force for good. Unleash your curiosity, challenge ideas and disrupt processes; use your energy to make this happen. Our brilliant business leaders and colleagues provide mentorship and inspiration, so you can be at your best. Every day, nine out of ten Indian households use our products to feel good, look good and get more out of life - giving us a unique opportunity to build a brighter future. Every individual here can bring their purpose to life through their work. Join us and you'll be surrounded by inspiring leaders and supportive peers. Among them, you'll channel your purpose, bring fresh ideas to the table, and simply be you. As you work to make a real impact on the business and the world, we'll work to help you become a better you. ABOUT BANGALORE HUB: Bangalore Hub is the global technology and operations engine of Unilever offering business services, technology, and enterprise solutions. Bangalore Hub serves over 190 locations and through a network of specialized service lines and partners delivers insights and innovations, user experiences and end-to-end seamless delivery making Unilever Purpose Led and Future Fit. Business Context and Main Purpose of the Job : Unilever world's most successful, purpose-led business looking for strengthening its future-fit team to drive sustainable business through superior performance, consistently delivering financial results in top third of our industry. Bangalore Hub is a global business unit that will manage the company's shared business services, made up of HR Services, Finance Transactions, IT services, Information Management Services and Workplace Services. Mission - To provide excellent services globally which enable Unilever to win in the market by putting the business' goals at the heart of what we do leveraging cost-effective, best practice, global solutions across Unilever to meet users' needs making continuous improvement in both cost and service an integral part of our way of working building a professional services organisation that enables our people to give their best developing win-win relationships with selected providers to meet our current and future requirements. The key benefits from Bangalore Hub are expected to be: Lower cost of delivery through standardisation, simplification, process harmonisation & scale leverage. Better user experience by delivery of integrated service bundles to end-user. Continuous improvement through end-to-end process ownership. Within the service catalogue of Bangalore Hub , Commercial Experience organisation is responsible for the management and delivery of finance and supplier services globally, both through third-party outsourced providers (e.g. IBM, Capgemini) and through in-sourced operations. The treasury reporting and control middle office team part of treasury expertise operations with in larger Commercial Experience organisation is responsible for Accounting and Reporting for Unilever Treasury. Middle Office also takes care of Treasury Notes for Annual Accounts of Unilever. It will also be responsible for Sox and other process controls by constantly assessing the risk to Unilever. Key activities summary: Managing Treasury Middle Office Provide expertise support globally on: Hedge accounting and reporting including documentation Accounting for all Treasury instruments (Bonds, FX including Derivatives reporting such as Interest rate Swaps and Cross Currency interest rate swaps, Options etc) Perform monthly valuations checks of treasury derivatives positions Responsible on daily basis to ensure no FX exposure and counter party exposures MIS on Treasury activities enabling senior management to make right decisions Robust documentation of all treasury reporting processes and ensure it is maintained year over year Risk Assessment of all activities and building good controls to mitigate the risk Support Digitization in Treasury Reporting and Controls Forecasting of global Finance Cost and tracking actuals with FC Support Projects for Treasury Reporting and Controls Main Accountabilities Financial Accounting & Reporting under IFRS 9 (including disclosures in Annual Reports) On time and in full accounting and reporting of Treasury transactions (zero tolerance to error) Forecast build for finance costs and net debt & variance analysis with Actuals Quarterly booklet containing MIS for Treasury Continuous improvements to enhance efficiency and accuracy of the process Management reporting, Financial reporting and Statutory Reporting of Parent and Holding entities (mainly contains Treasury financial flows) Resourc