Head of Treasury

8 December 2023
Whiteinch, Glasgow


Head of Treasury (Senior Manager) - Multiple Locations - Permanent Locations: Glasgow (Primary), Aberdeen, Birmingham, Bristol, Cambridge, Cardiff, Edinburgh, Gatwick, Gibraltar, Leeds, Leeds Broadgate, Liverpool, Manchester, Milton Keynes, Newcastle upon Tyne, Norwich, Nottingham, Plymouth, Reading, Sheffield, South Coast - Southampton We are looking for an experienced Group Treasurer to drive the firms treasury policy forward and set an appropriate capital structure. The Group Treasurer will be responsible for defining, driving and implementing the overall strategy for Treasury with the objective of managing the short, medium and long term position of the firm to ensure it has sufficient funds to meet its strategic plans Reporting into the Chief Accounting Officer this position will be responsible for managing the firms treasury activities. It’s a broad-ranging, hands-on treasury position combining treasury operations, cash management, business partnering, foreign exchange and risk management. Responsibilities include: Responsible for the cash flow forecasting across the group taking into account borrowing needs and investment requirements in the short and longer term Ensuring liquidity ratios are manage effectively whilst ensuring costs are minimised Oversee, shape and manage the strategic relationship between capital, accounting and liquidity Work closely with banks to maintain and build strong banking relationships and negotiate rates and terms with banking partners to minimise costs Plan and execute the refinancing of existing funding lines Management and reporting of all Treasury related Operational and Strategic risks Lead the cashflow stress and scenario testing frameworks and related discussions with the auditors Working across the finance function to develop and maintain effective oversight on cash requirements and working capital targets Managing foreign exchange risk and currency flows to determining optimum funding and hedging strategies Perform month end reporting requirement and lead reporting on Treasury matters to the Audit Committee, Board and Executive Committee Manage operational requirements and management information requirements for our key facilities Prepare accurate covenant compliance statements on a timely basis Cash management: monitor cash balances, implement day-to-day cash controls, administrate cash pooling and investments Bank relationship management: maintain bank mandates, manage bank queries, KYC updates and maintain register of all group bank accounts Coordinate treasury policy and consistent process across the group Skills & Qualifications Advanced qualifications reflective of a high degree of numeracy, ideally ACT qualified Minimum of 5-7 years of experience within treasury and/ or liquidity risk management, ideally with some professional services experience Experience of managing excess liquidity and treasury investments and of associated capital requirements and liquidity treatments Knowledge and experience of liquidity and interest rate stress testing with strong modelling experience Experience in managing foreign exchange risk through the use of suitable instruments with awareness of accounting considerations Understanding of Treasury markets & products A high level of accuracy and attention to detail Excellent interpersonal skills, communication and conduct and a proven ability to build strong relationships across functions Highly organised, able to work to tight deadlines in a fast-paced environment and to manage conflicting priorities, in co-ordination with stakeholders A flexible and positive attitude towards change; resilient, self-motivated Good communications skills and the ability to develop strong relationships with banking partners Grade : Senior Manager Base location : Flexible


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