Senior Associate, Client Specialist for The London Treasury

Greater London Authority; Greater London; On-site; GBP 80,000 - 110,000; Full time

Job summary

London Treasury is seeking a Senior Associate, Client Specialist to support treasury management for the GLA and partners. You will lead on key initiatives, oversee financial reporting, and model complex cash flows and investments.

Mentoring staff and ensuring compliance with treasury standards are key parts of the role. You will work under the Deputy Director, Treasury Shared Service, with responsibilities spanning reporting, forecasting, and advisory support across multiple clients and

Qualifications

• Professional qualification in CIPFA/CCAB or equivalent (or CFA/ACT).
• High financial literacy with ability to analyse balance sheets and cash flows.
• Experience with complex contracts and relevant regulations.
• Advanced Excel skills for modelling balance sheets and treasury solutions.
• Knowledge of debt capital markets and credit rating methodologies.
• Awareness of asset and liability risk management including hedging.

Responsibilities

• Support the Deputy Director in providing treasury services to the GLA and partners.
• Lead on Financial Reporting Oversight Board initiatives and reporting.
• Oversee forecasts of interest receivable/payable for the current year and budgets.
• Maintain a register of service loans and briefing the CFO on issues.
• Analyse movements in reserves and working capital for treasury management.
• Ensure compliance with CIPFA Treasury Management Code and Prudential Code.
• Model stress tests and balance sheet implications for clients’ portfolios.
• Lead development of treasury software systems and loan management systems.
• Provide specialist treasury advice to finance colleagues and senior stakeholders.
• Mentor junior colleagues and contribute to team resilience.

Skills

Financial analysis

Stakeholder management

Leadership

Mentoring staff

Education

CIPFA/CCAB qualification or equivalent

Tools

Excel

Job description

Senior Associate, Client Specialist for The London Treasury

Key information

Contract type: Permanent

Reference: SACS002

Interview date: 3 December 2026

Senior Associate, Client Specialist

Reporting to: Deputy Director, Treasury Shared Service

Direct and indirect reports: None but must be able to manage and mentor staff as required by the Deputy Director. Day to day working with and direction of Treasury Analysts, Associate and any secondees.

All applicants must have the legal right to work in the UK.

London Treasury

London Treasury’s mission is to help local authorities achieve better outcomes from their investments and treasury management activities. Created as an arm’s length subsidiary by the GLA, it addresses liquidity, treasury, net zero and SME investment challenges faced by its clients. London Treasury is authorised and regulated by the Financial Conduct Authority to facilitate sharing our areas of expertise with the public sector.

Purpose of the role

The Greater London Authority (GLA) operates one of the largest public sector treasury functions in Europe, serving its own needs and those of its strategic partners, in one of the longest standing and most successful shared services within the GLA Group, i.e. the GLA and the Functional Bodies that support the Mayor of London.

The Senior Associate, Client Specialist will support the GLA with its treasury management requirements leading on key initiatives such as the Financial Reporting Oversight Board, monitoring and budget setting of interest payable and receivable budgets and support for new and existing Service Investment programmes such as City Hall Developer Investment Fund and GLAP. The role will also support other clients as assigned.

Key responsibilities

Support the Deputy Director, Treasury Shared Service and the Chief Executive Officer in the provision of world-class, customer-focused treasury services to the GLA and its partners

Calculate and advise on expected credit losses on complex schemes and ability to explain the implications to Senior leaders

Responsibility for regular in-year reporting of treasury and non-treasury financial instruments, highlighting risks and opportunities working with the GLA’s Deputy Chief Accountant

Oversight of interest receivable and payable forecasts for the current year and budget purposes for the GLA and other clients

Be the principal lead on Financial Reporting Oversight Board (FROB), co-ordinating reporting, maintaining a register of all service loans and briefing the GLA’s CFO on key issues and progress

Understand and analyse how movements in reserves and working capital impact on treasury management

Balance sheet analysis to support optimal treasury management solutions

Ensure the GLA and other assigned clients comply with the CIPFA Treasury Management Code, Prudential Code and relevant legislation and guidance

Analysis and production of prudential and treasury management indicators including liability benchmarks

Detailed knowledge of Service Investments, funding and financial impacts to advise clients on implications

Support major projects, capital programmes, and financing initiatives contributing to new programmes of work such as City Hall Developer Investment Fund, Low Interest Loans, Housing Accelerator Fund

Expert knowledge of Minimum Revenue Provision regulations and guidance and ownership of calculations for the GLA and other clients

Modelling experience to support viable treasury management solutions and to undertake stress testing and modelling on clients’ loan portfolios.

Support the GLA’s Director of Financial Services and Director Group Finance and Performance on treasury related matters

Provide specialist treasury advice to finance colleagues and senior stakeholders

Contribute to the leadership and management of the Treasury Shared Service

Advise executive leadership on funding, capital financing, and treasury risk

Lead the development from a treasury management perspective of new and existing treasury software systems.

Operation and oversight of the GLA’s new loans management system.

Obtain and assess fair value valuations for financial instruments, including liaising with external valuers where required

Prepare financial instrument disclosures for the GLA Group Accounts, ensuring they are accurate, complete and compliant with the relevant accounting requirements

Liaise with external auditors and respond to audit queries relating to Treasury, financial instruments and related accounting matters

Role specific requirements

A professional qualification in a relevant discipline (e.g. preferably CIPFA but any CCAB body, other accountancy qualifications, CFA, ACT)

High level of financial literacy with the ability to analyse balance sheets and work with discounted cash flows, ideally with practical project finance experience

Demonstrable experience of working with complex contracts and understanding applicable legislation and regulation

Advanced Excel skills in order to model balance sheet and treasury solutions

Knowledge of debt capital markets and credit rating methodology

Awareness of asset and liability risk management including hedging techniques

General requirements – Senior Associates

Organisational Leadership

Demonstrable ability to:

Leadership & Accountability:Be persuasive and confident, with the ability to represent the organisation at board/committee and senior official level

Collaboration:Work effectively with team members, Delivery Group and Executive Committee, external partners and stakeholders

Maintain understanding of overall strategy, proactively seek to support and advance organisational goals

Stakeholders

Understands principal stakeholders for the business area and demonstrates value added of LTL’s services/work product within area of responsibility

Client Facing:Approach and mindset demonstrate understanding of key client needs and expectations

Resource Management

Demonstrable ability to:

Effectively utilise resources to support overall business objectives

Be flexible and manage change. Quickly respond to competing or changing priorities and deadlines

Risk Assessment:Takes ownership of and is committed to the risk management strategy for the organisation. Demonstrates a detailed understanding of the risks associated with the business area or operations. Identifies, recommends and implements appropriate controls and mitigations with support from the CRO

Integrity:Adheres to LTL’s compliance manual, internal policies and other regulatory requirements, taking accountability for the same across business area

Technical Competence

Technical:Demonstrates a detailed understanding of the business area alongside knowledge of the wider organisational structure and activities of LTL. Is able to deputise for head of team

CPD:Commits to continuous professional development including undertaking training and development as required by the firm from time to time

Value added and Proactiveness:Applies judgement and works with significant levels of independence to progress individual and team goals, while seeking guidance when appropriate

Solution focused:Is proactive in contributing ideas and finding effective ways to progress work and deliver objectives

Demonstrates experience of and willingness to mentor junior colleagues to support their development and contribute to team resilience

Supports the head of team as required in leadership of the team

Internal/External Communication Skills

Communication:Highly effective written and oral communication style with proved ability to draft board-level reports, complex strategic advice, decision recommendations and internal guidance

Presentation Skills:Ability to communicate with clarity, empathy, and effectiveness to internal and external stakeholders. Able to articulate the vision, values, and goals for their business area and the wider company to internal and external stakeholders

Closing Date: Sunday 22 November 2026

Testing is scheduled to take place week commencing 30 th November 2026

Interview Date: 3 December 2026

The GLA is proud to be a Level 2: Disability Confident employer. We are committed to becoming a more inclusive and accessible organisation, and creating a truly inclusive and accessible workplace and culture for our disabled staff. We have named Disability Equality as a key corporate priority within our EDI Strategy. We welcome and encourage applications from disabled applicants. Should you wish to opt into the scheme, please let us know during your application.

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