Chief Financial Officer, Foreign Exchange and Remittance Services — Settlement Integrity

The mandate

A foreign-exchange and outward-remittance company works through authorised bank partnerships, with transaction timing differences between customer receipts, conversion and final settlement. Those differences create finance exceptions that can be mistaken for income, liquidity or unexplained loss. The CFO will own executive finance across the operating company, ensuring customer principal, service fees and currency exposure are understood separately. The objective is dependable financial control over the permitted service model, with transparent evidence when a payment fails, returns or remains unresolved across different bank records and internal systems.

The role is a permanent, open-ended appointment. During the first eighteen months, the CFO will strengthen settlement evidence, finance operating responsibilities and bank-partner reporting across a twenty-four-person team. Mumbai is the onsite executive base. Transaction operations execute payments, compliance determines permitted activity and bank partners retain their own regulated responsibilities. The CFO owns finance's response to the information those parties produce, including reconciliation standards, accounting judgement through qualified review and the escalation of balances whose explanation cannot safely wait for a normal reporting cycle.

Delegated authority covers finance resources, approved cash deployment and financial exception resolution within defined limits. New banking arrangements, material exposure limits and changes to the permitted business model require executive, board and specialist approvals. Currency risk must be assessed from actual settlement obligations, not inferred from the size of gross transaction flows. The CFO should distinguish a timing difference from a genuine open exposure and ensure hedging or funding actions follow authorised policy rather than turning exception clearance into informal trading activity.

The continuing scope includes accounts, business planning, partner financial reviews and finance challenge of service economics. It excludes payment-operation ownership, compliance clearance and speculative foreign-exchange dealing. Directors need a clear account of usable corporate cash, unresolved principal balances and the income earned from services. A successful team can show why an exception arose, who can resolve it and what financial treatment is justified while it remains open. The CFO must protect that discipline even where a growing transaction volume makes apparently small unresolved items easy to dismiss in aggregate.

What you will own

• Establish a finance reconciliation framework connecting customer receipts, bank confirmations, conversions and final settlement, distinguishing principal movements from earned fees so unexplained balances cannot be treated casually as business income.
• Decide finance escalation priorities for aged or material exceptions, requiring named operational and bank owners while preserving the CFO's responsibility for justified accounting treatment and the visibility of unresolved financial exposure.
• Govern assessment of currency obligations with treasury-control specialists, separating settlement timing from genuine open positions and routing any hedging or funding action through approved limits and execution responsibilities.
• Lead financial reviews of bank-partner arrangements, examining fee economics, settlement conditions and finance information requirements without substituting for legal interpretation or compliance approval of the permitted service model.
• Present corporate liquidity separately from customer principal and temporary settlement balances, explaining the availability and restrictions attached to funds before management uses an aggregate bank balance in an operating investment decision.
• Strengthen business planning around verified transaction economics, separating volume, earned service income, exception costs and partner charges so executives can assess channel growth on a reliable financial basis.
• Develop accounting and settlement-finance leaders who can sustain disciplined exception evidence, report uncertainty clearly and challenge shortcuts that would clear a reconciliation without resolving its economic or accounting substance.

Candidate qualifications

• Establish at least twenty-eight years of professional experience with senior financial leadership in regulated services and substantive bank-partnership, foreign-exchange or remittance exposure. Show an executive finance decision involving settlement evidence or restricted balances. Your contribution must identify the company's financial responsibility, the partner's operational role and the information you required before recommending a treatment or escalation.
• Demonstrate accounting, financial management and reconciliation competence through relevant preparation or equivalent established senior practice. Explain how you distinguished customer principal, fee income and settlement timing in a real service model. A specific professional designation is not prescribed, but you must work effectively with qualified accounting owners and auditors, recognising when unusual transactions need authoritative technical review rather than an operational explanation alone.
• Have assessed currency exposure and bank conditions without confusing gross flow with the position at risk. Describe a failed, returned or delayed transaction whose financial consequences changed after deeper evidence was obtained. The role requires disciplined judgement and specialist consultation; familiarity with financial-services vocabulary is insufficient unless it connects to an accountable decision and a repeatable control method.
• Have led finance teams through demanding partner and reporting cycles, with evidence of improving aged-exception ownership and maintaining transparent board communication. The appointment requires onsite leadership, confidentiality around customer and bank information, and respect for compliance boundaries. Show how you resisted pressure to clear an unresolved balance merely to improve a dashboard, while helping operational owners reach a legitimate and documented resolution.

Application

Applications for this mandate are received in one way only: through the India Board Terminal's application process. It is automated end to end. Your Executive Passport travels to the mandate holder in its confidential form, your answers to the three questions below are read before anything else in your file, and every stage that follows is recorded on your applications page.

There is no address to write to and no intermediary to call. The mandate holder reads what the Terminal delivers and nothing else, which is what keeps the process the same for every applicant and keeps your name out of it until you release it. Applications close on 13 October 2026. Mandate reference CVU-PER-2026-IND-246.