Group Treasurer

TN United Kingdom; London; Hybrid; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Group Treasurer to lead their Treasury team in London. This pivotal role involves managing liquidity and cash resources, ensuring compliance with regulations, and providing strategic advice to enhance financial performance. The successful candidate will have significant Treasury experience in a large international environment and will be responsible for overseeing risk management and insurance policies. This innovative firm offers a hybrid working model, allowing flexibility while fostering collaboration. If you’re a proactive leader with a passion for finance, this is your chance to make a substantial impact.

Benefits

Pension Scheme

Private Medical Insurance

Income Protection

Mental Health Resources

Health and Wellbeing Services

Parental Leave

Holiday Entitlement

Qualifications

• Significant experience in Treasury functions in large international environments.
• Thorough understanding of bank account management and cash management systems.

Responsibilities

• Manage day-to-day relationships with banks and oversee cash flow forecasting.
• Direct and manage the Treasury & Client Money team with a focus on compliance.

Skills

Treasury Management

Cash Management

Risk Management

Foreign Exchange Management

Analytical Skills

Communication Skills

Project Management

Leadership

Education

Certified Treasury Professional (CTP)

Chartered Financial Analyst (CFA)

Job description

We are currently recruiting for a Group Treasurer to join our Treasury team in London.

Department purpose

To provide high quality advice and relevant information to the decision makers in A&O Shearman, ensuring compliance with laws and regulations and delivering our service efficiently.

Role purpose

To provide a world class Treasury and Insurance service.

Role and responsibilities

1. Liquidity and Cash Management:

• Managing the day-to-day relationships with our relationship banks
• Managing our bank facilities, including origination, renewals, drawdowns and headroom
• Forecasting cash flow positions, related borrowing needs, and available funds for investment, ensuring that sufficient funds are available to meet ongoing operational and capital investment requirements
• Advising management on the liquidity aspects of its short and long-term planning
• Managing the firm's global cash resources to ensure that we optimise our use and location of funds in all major operating currencies
• Maximising efficiency of the firm's cash resources by pooling currencies to avoid conversion

Risk Management and Compliance:

• Responsibility for treasury policies and their implementation, maintaining systems and procedures that impose an adequate level of control over treasury activities
• Oversee the client money team to deliver compliance with Solicitors Regulation Authority (SRA) Standards and Regulations

Foreign Exchange Management:

• Reviewing the firm's natural currency hedge and balance sheet exposures, taking action to correct any imbalance, recommending hedges and other financial derivatives where appropriate

Insurance:

• Overseeing the management of the firm’s portfolio of global insurance policies (including P.I.) and London insurance policies (excluding HR). Providing input on appropriate coverage levels, monitoring claims and managing relationships with brokers
• Focal point for insurance and risk management queries

Management Responsibilities:

• Directing and managing the activities of the Treasury & Client Money team, including planning, staffing, budgeting, managing expense priorities, and recommending and implementing changes to methods
• 2 direct reports - Treasury Manager and Client Money & Insurance Manager
• Hiring and developing a strong team to support the firm’s objectives and strategy

Other:

• Work with management to develop and improve strategies and increase net profit by performing effective treasury management
• Develop strategy for treasury operations including evaluating treasury systems to improve efficiencies, rationalising bank accounts, developing a strategy for managing bank ancillary business requests
• Assume other special projects and responsibilities as required

Key requirements

• Significant experience in Treasury functions, ideally in large international environment, with previous change-management / integration experience desirable
• Certified Treasury Professional (CTP) or Chartered Financial Analyst (CFA) designation is ideal
• Must be prepared to be hands on in role as well as taking leadership responsibilities
• Should have a thorough understanding of bank account management, international funds flows and cash management systems
• Experience with foreign exchange and intercompany cash management and structuring
• Excellent verbal and written communication; able to communicate complex financial issues in simple, understandable terms
• Strong organisation and project management skills; able to meet tight deadlines and handle multiple tasks/ projects
• Demonstrated intellectual curiosity and strong problem-solving skills (agility); able to elicit and comprehend quantitative and qualitative information
• Self-starter, with the demonstrated ability to work with minimal supervision
• Strong interpersonal skills. Demonstrated team-leadership skills and ability to influence firm-wide
• Strong knowledge of accounting processes and internal controls
• Must possess strong analytical and critical thinking skills and be detail-oriented

If you require additional support at any stage of the recruitment process due to a disability or health condition, please contact our recruitment team for assistance.

We are an equal opportunities employer and do not discriminate on any protected characteristic.

Our benefits include pension scheme, income protection, private medical insurance, mental health resources, health and wellbeing services, parental leave, holiday entitlement, and more.

We support flexible working and embrace hybrid working arrangements, allowing up to 40% remote work with in-office collaboration for the remaining time.