Treasury Manager

Our client is an established Crude and Oil Products trading company based in London.

Key Responsibilities:

Reporting directly to the Head of Head of Group Treasury, the Treasury Manager will be responsible for:

• Managing daily cash positions and forecasting to ensure liquidity requirements are met.
• Developing strategies to optimise cash balances, investments in liquidity funds and pooling of cash.
• Evaluating and mitigating financial risks including foreign exchange, interest rate hedging and help report to CFO balance sheet risks.
• Assist the Trade Finance department in holiday cover for daily transaction management operations, including factoring submissions, Letters of credit issuance and checking margin calls with brokers are accurate.
• Oversight of the daily bank reconciliations for all business units and all their payments, to monitor the Working Capital position.
• Management of the Treasury Management System at Group and operational level including training of all users
• Ensure data integrity between the trading and accounting systems, investigating or highlighting exceptions where necessary.
• Managing the development and delivery of any treasury projects covering all aspect of treasury management
• Managing day to day banking relationships to maintain the Group Foreign Exchange lines, factoring facilities, and banking services in line with business needs.
• Line management of small treasury team
• Reporting funding shortfalls and forecasting payables / receivables in multi currencies and any related Foreign Exchange
• Working with Business Units to mitigate foreign exchange exposure.
• Reporting FX derivatives to Trade Repository in line with EMIR Regulation requirements
• Setting up MT101/MT940/MT942 swift messages with FIDES for all local bank accounts to increase visibility and control of the Group on local cash management.
• Maintenance of banking mandates for all bank accounts, ensuring they are in line with Group Treasury policy and Group structure.
• Supporting Business Units with their cash forecasting process
• Annual audits of all banking mandates of Group ensuring they are in line with Delegations of Authority
• Ensuring compliance with treasury policies, sharing of best practice, and coaching of local treasury teams
• Ensuring there is a sound system of internal controls within the Treasury function and across the Group.

Required Qualifications, Competencies & Technical Skills:

Candidates for this role should hold professional accountancy and treasury qualifications and have gained several years of international corporate treasury experience. Applicants will need to demonstrate a pro-active, can-do attitude to join this small team at such a pivotal time for the Group.

• Graduate with a bachelor’s or master’s degree in business or other financial area.
• Professionally qualified or working towards a qualification in accounting, treasury or corporate finance would be advantageous (ACA, ACCA, AMCT, MCT or CFA)
• Minimum 7years of experience in international treasury
• Comprehensive understanding of financial and capital markets including commodity derivatives and margin calls
• A background in commodities, energy and oil would be preferred.
• Excellent analytical and quantitative skills
• Sound understanding of accounting, legal and tax standards.
• Ability to work to daily cut off times.