Nirav Dalal, 37, head of treasury, Yes Bank, finished management school in 1995 and wanted to get into banking because it was a growing and exciting sector.
What is treasury management all about?
It is about managing a bank’s or company’s money and allocating it properly to generate returns. Treasury management in a bank includes asset liability management, proprietary positions trading on behalf of the bank in either fixed-income securities, forex, equities and client sales businesses in these products.
People say treasury is a cream job in a bank. Is that true?
People associate big bonuses with it and that is the reason it is treated as a cream job, especially on college campuses. I think it is a top job mainly because you are exposed to the entire financial sector. You need to understand markets and products, and have the analytical ability to be able to gauge what is happening and why.
What are growth prospects in this sector?
The prospects are exciting because the requirement is not only from the financial market and banking space but also from corporates.
As India is getting integrated with the global economy, we are getting more exposed to newer products and techniques. It is an ever-expanding profile.
Is it a high-paying job?
Yes, but you need to remember that the reason you get paid well is that there is often a fair amount of work pressure. You have defined tasks and targets in this profile. Also, your performance is demonstrable. It is easy to quantify the effort that has gone in and therefore the reward.