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Senior Specialist, Treasury - Cash


Update your details, view your application and progress. Senior Specialist, Treasury - CashApply now 494494 Permanent Full Time London Finance Role PurposeThe role holder will provide senior level input to the Cash & Liquidity team within the Treasury group. The role will involve the daily management and ownership of all cash and liquidity related objectives and projects. Through the close working relationships between the Cash, Funding, Product Control and Analytics teams within Treasury, this role will consequently provide significant exposure to all areas of corporate Treasury, including securitisation, which is NewDay’s main funding approach.Key AccountabilitiesCash and Liquidity Management and ForecastingBe in charge of the production of daily cash flow runs and MI pack, prepared by the Cash and Liquidity Team, to monitor current and forecasted liquidity across NewDay’s entitiesBe in charge of the production of the monthly corporate cash variance reporting MI pack and writing the explanations around the variancesTrack and maintain all NewDay bank accounts and manage the banking relationshipsManage the inter-day, overdraft, guarantees that we have with banksReview, and where appropriate, enhance, operating processes to provide the foundation on which NewDay Group’s cash and liquidity can be managed effectively and efficientlyLead and implement liquidity and investment strategies that support NewDay’s operational and contractual requirements, maximises return on investment and increases the diversification of NewDay’s cash locationsProvide recommendations to senior management/ALCO dimensioning liquidity risks and propose the course of action required to alleviate liquidity concernsWork with the Product Control team in a daily cash meeting discussing and agreeing the daily/monthly cash inflows/outflows to ensure funds are transferred into the appropriate legal entities to manage cash, ensuring adherence to Treasury’s strategyLead relationships with banks, understand how NewDay’s operational cash structure works and negotiate and enhance structure when and if needed.Lead liquidity stress testing and propose potential enhancements to ensure stress scenarios remain valid and which reflect the evolving business risksAssess impacts on Treasury for proposed business changes, advise feasibility and considerations prior to implementation of changes.Prepare and present presentations to ALCO on Cash and Liquidity matters.Train and manage generalists on designed operating processesReview and provide liquidity approval of Treasury related payment requests, both corporate and securitisation relatedOwnership of all cash & liquidity related reporting requests from regulators (i.e. FCA)Understand in intimate detail all cash flow forecasting modelsManage the treasury management system (when we have one) and be one of the main contacts putting the system in placeALCOOversee the production and submission of high quality, error free ALCO packs; ensure all risks covered by ALCO remain relevant, and new business risks are included in the ALCO pack.Treasury Financial Control FrameworkEnsure Treasury Cash & Liquidity controls are enforced without error, all have been evidenced and are operating in accordance with defined process and policies.Define and implement effective controls for all Treasury Cash & Liquidity processes, ensuring they are accurately documented.Review and update Treasury Cash & Liquidity process documentation, for review by Head of Treasury OperationsMaintain Liquidity, Funding and Cash Management Framework and update as necessary. Present Framework to ALCO for approvalAdditional ResponsibilitiesSupport Securitisation Product Control / Reporting through developing a thorough understanding of the NewDay securitisation structures to ensure ledger and account cash movements are correctly following the relevant legal documentsRepresent Treasury at New Product Approval CommitteeParticipation in Treasury/Finance/NewDay wide initiatives as requiredRequired Skills & ExperienceEssentialStrong experience in a Treasury cash and liquidity management environmentProven ability to provide strong leadership to a team and develop team membersProven ability to represent the area to, and communicate with, the executive and senior managementStrong risk and control mentality and attention to detailExcellent communication skills, both verbal and using PowerPoint and Word.Strong Excel user with the ability to review and check the complex spreadsheets which the team produces and design changes and improvements for the team to implement.Strong analytical mind that can digest complex problems/projects/structures/ideasDesirableAwareness of credit card securitisationStrong excel modelling skills with VBA knowledgePersonal AttributesHighly resilient to dynamic/intense work environment and complex projectsHighly focused on delivery with proven track recordGood leadership and qualities, able to lead working groups to achieve resultsExcellent analytical mind with strong logical thinking and strong problem solving skillsSelf-starter. Takes responsibility and needs limited oversight to accomplish projects Strong communication skills for dealing with key internal and external stakeholdersAbility to multi-task assignments and prioritise workload with limited supervision, be resilient under pressure and able to deliver to deadlinesAbility to demonstrate an innovative mind-set that can develop ideas which are implemented and have a positive impactTeam player Apply now Back Share this vacancy

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London, England, London, SW1V, United Kingdom

  • Ad ID:  16641842
  • Ad Type:  Offered
  • Posted on:  10/11/2020, 03:00
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