Senior Treasury Manager, Front Office

BT Group; City Of London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading telecommunications company based in London is seeking a Senior Treasury Manager to manage derivative strategies and optimize funding costs. The role requires extensive experience in financial risk management and collaboration with various teams to support corporate finance goals. Candidates should hold a relevant professional qualification and have strong stakeholder management skills. This position offers competitive benefits, including a 10% bonus and robust pension scheme.

Benefits

10% on target bonus

BT Pension scheme: minimum 5% Employee contribution, BT contribution 10%

25 days annual leave (increasing with service)

24/7 private virtual GP appointments for UK colleagues

World-class training and development opportunities

Qualifications

• Significant experience within a FTSE-100 Treasury Front Office team.
• Practical expertise in executing cross currency swaps and interest rate swaps.
• Ability to work effectively in a fast-paced environment managing multiple priorities.

Responsibilities

• Structure and execute derivatives to hedge financial risks.
• Manage the Group's derivative portfolio, identifying cost-effective solutions.
• Collaborate with cross-functional teams to support financial objectives.

Skills

Strategic derivative management

Financial risk management

Collaborative stakeholder management

Expertise in Bloomberg and Treasury Management Systems

Experience with credit rating methodologies

Education

Professional qualification such as ACT, CIMA, ACA, or ACCA

Tools

Treasury Management Systems

Bloomberg

Job description

Overview

As a Senior Treasury Manager, you will play a critical role within the BT Group Treasury team, responsible for executing and managing derivative strategies to hedge financial risks and optimise funding costs. You will lead key initiatives in forecasting funding requirements, managing the Group's derivative portfolio, and collaborating with cross-functional teams to support BT's financial objectives. Your expertise will drive effective risk management and ensure alignment with the company's broader treasury and corporate finance goals.

Responsibilities

• Structure and execute derivatives to hedge financial risks, focusing on optimising pricing and execution.
• Manage the Group's derivative portfolio, identifying and implementing cost-effective solutions.
• Design, develop, and manage derivative financial models using Treasury Management Systems and Bloomberg.
• Negotiate ISDA and CSA documentation in collaboration with the legal team.
• Act as the Group expert on credit rating agency methodologies and review credit rating reports for accuracy.
• Develop and maintain medium-term funding plans in partnership with Group FP&A.
• Oversee the Group's interest budget, monitoring delivery and identifying risks and opportunities.
• Support Front Office colleagues in executing FX and cash investments, and optimise FX risk management.
• Identify and drive process improvements within the Front Office.
• Own the semi-annual update of the Group's sanctions compliance questionnaire, working with Trade Compliance.
• Collaborate with Back Office to ensure appropriate hedge documentation for Front Office trades.
• Support updates to the Group's Weighted Average Cost of Capital (WACC).
• Extensive experience working within a FTSE-100 Treasury Front Office team.
• Practical expertise in executing cross currency swaps and interest rate swaps.
• Professional qualification such as ACT, CIMA, ACA, or ACCA is essential.
• Strong knowledge of credit rating agency methodologies and financial modelling.
• Proficiency with Bloomberg and Treasury Management Systems (TMS).
• Experience negotiating ISDA and CSA documentation.
• Excellent stakeholder management and collaboration skills across Front, Middle, and Back Office teams.
• Ability to work effectively in a fast-paced environment managing multiple priorities.

Company context

BT Group was the world's first telco and our heritage in the sector is unrivalled. As home to several of the UK's most recognised and cherished brands - BT, EE, Openreach and Plusnet, we have always played a critical role in creating the future, and we have reached an inflection point in the transformation of our business.

Over the next two years, we will complete the UK's largest and most successful digital infrastructure project - connecting more than 25 million premises to full fibre broadband. Together with our heavy investment in 5G, we play a central role in revolutionising how people connect with each other. While we are through the most capital-intensive phase of our fibre investment, meaning we can reward our shareholders for their commitment and patience, we are absolutely focused on how we organise ourselves in the best way to serve our customers in the years to come. This includes radical simplification of systems, structures, and processes on a huge scale. Together with our application of AI and technology, we are on a path to creating the UK's best telco, reimagining the customer experience and relationship with one of this country's biggest infrastructure companies. Change on the scale we will all experience in the coming years is unprecedented. BT Group is committed to being the driving force behind improving connectivity for millions and there has never been a more exciting time to join a company and leadership team with the skills, experience, creativity, and passion to take this company into a new era.

Benefits

• 10% on target bonus
• BT Pension scheme, minimum 5% Employee contribution, BT contribution 10%
• From January 2025, equal family leave: 18 weeks full pay, 8 weeks half pay, 26 weeks statutory rate (for all parents)
• Enhanced women's health support: menopause symptoms, cancer screenings, period care and more
• 25 days annual leave (not including bank holidays), increasing with service
• 24/7 private virtual GP appointments for UK colleagues
• 2 weeks carer's leave
• World-class training and development opportunities
• Option to join BT Shares Saving schemes