Treasury & Cash Management Manager

As Northern Lgps; Manchester; Hybrid; GBP 90,000 - 120,000; Full time

Benefits offered by this job

Flexible and hybrid working

Job summary

Northern LGPS is seeking a senior professional to lead Treasury & Cash Management, ensuring robust liquidity, risk controls and efficient funding for the investment operation. The role collaborates with partner funds, Boards and regulators to sustain governance, resilience and strong financial outcomes.

You will own forecasting, monitor policy-compliant liquidity, manage payments, oversee FX and collateral processes, and oversee a small team in a hybrid working environment across Bradford,

Qualifications

• Demonstrated experience with multi-entity, multi-currency cash forecasting and liquidity monitoring.
• Experience operating a payment-control environment with delegated authority and dual authorization.
• Working knowledge of custodian cash operations and AIFMD obligations; willingness to operate in an FCA-regulated firm.

Responsibilities

• Own portfolio-level cash forecasting by fund and currency and consolidate liquidity reporting.
• Monitor liquidity against policy limits and escalate breaches as required.
• Lead execution and control of cash movements, payments, and bank account governance.
• Oversee custodian cash instructions, settlement funding, and bank counterparty monitoring.
• Manage foreign exchange execution and hedge roll activity.
• Lead and develop the Treasury & Cash Management team and reporting to Operating Committee.

Skills

Cash forecasting

Liquidity management

Payment controls

AIFMD knowledge

Forecasting systems

Treasury management systems

Tools

Treasury management system

FX/hedging platforms

Job description

For those joining at this stage, the opportunity is exceptional. These roles offer the chance to shape strategy, set standards and build leadership capability for the long term, working closely with the partner funds, who are both shareholders and clients, Boards and regulators to ensure Northern LGPS continues to evolve as a well-governed, resilient investment organisation. Our culture As Northern LGPS continues to evolve, we are building a collaborative, open and trusting organisation where people can do their best work. We believe strong outcomes come from working together, sharing knowledge and supporting one another. Our flexible and hybrid working arrangements give colleagues greater flexibility in how they manage their time, while supporting collaboration and colleague wellbeing. We are developing a supportive learning culture where people are encouraged to grow, contribute ideas and help shape how the organisation works. Our ambition is to build a resilient and sustainable organisation that delivers for its Partner Funds over the long term.

• Own portfolio-level cash forecasting by fund and currency, alongside Northern LGPS's consolidated cash and liquidity forecast.
• Measure and back-test forecast accuracy, reporting variances against defined thresholds and continually strengthening the quality of cash forecasting.
• Monitor liquidity against approved policy limits, escalating utilisation and breaches where required.
• Bring together cash flow information from settlement, income, capital activity and fees to provide a clear view of current and future liquidity.
• Provide timely cash, liquidity and forecast information to the investment function to support funding and disinvestment decisions.
• Receive and validate funding, disinvestment and liquidity instructions against available liquidity, market cut-offs and settlement constraints, maintaining an auditable record throughout.
• Lead the execution and control of cash movements and transfers, including payment initiation within delegated authority, dual authorisation of outbound payments and independent callback verification for new and amended payee details.
• Oversee custodian cash instructions and settlement funding, daily cash positions, second-person sign-off, sweeping, overdraft management and payment exception resolution.
• Own Northern's bank account structure, mandates, signatory lists and system access permissions, maintaining appropriate change controls and reviews.
• Monitor bank and counterparty cash exposures against approved limits and elevate breaches appropriately, while also reviewing bank fees and interest.
• Oversee foreign exchange execution against investment instructions, including confirmation, settlement and the operational management of hedge rolls and resets.
• Manage initial and variation margin, eligible collateral schedules, substitutions, disputes and reconciliations with counterparties and the custodian.
• Lead the operational execution of private markets funding, including capital calls, receipt and application of distributions and drawdown planning against outstanding commitments.
• Maintain robust procedures and first-line controls across Treasury & Cash Management, ensuring incidents, errors and near misses are appropriately recorded.
• Manage day-to-day banking and counterparty relationships and contribute to Northern's wider third-party oversight and monitoring arrangements.
• Provide Treasury & Cash Management reporting to the Operating Committee and participate as a standing member.
• Lead and develop the Treasury & Cash Management team, with a target structure of three direct reports.
  You bring strong treasury and cash operations experience, with the judgement and control mindset required to manage liquidity and payments within an investment environment.

Essential You’ll have:

• Demonstrable experience of multi-entity, multi-currency cash forecasting and liquidity monitoring against policy limits.
• Experience operating a payment control environment, including delegated authority, dual authorisation and callback verification.
• Working knowledge of custodian cash operations and depositary cash flow monitoring obligations under the Alternative Investment Fund Managers Directive (AIFMD).
• Willingness to develop the skills required to operate within an FCA-regulated financial services firm.

Desirable

• Experience of collateral and margin management.
• Experience of foreign exchange and hedging operations.

Lead the treasury and cash management capability that ensures Northern LGPS has the liquidity, controls and operational execution needed to support its investment activity.

About Northern LGPS

Northern LGPS is a c£70bn pooled investment partnership for the Local Government Pension Scheme, bringing together the investments of Greater Manchester Pension Fund, Merseyside Pension Fund and West Yorkshire Pension Fund. Building on the foundations of its collaboration over several years, Northern LGPS is now entering the next phase of its development. This phase focuses on establishing an FCA authorised investment management company with a dedicated senior leadership team; strengthening governance and creating a clear operating model to support long-term investment outcomes.

Flexible and hybrid working

Northern LGPS offers flexible and hybrid working arrangements, alongside a commitment to colleague wellbeing. You can be based at any of our offices in Bradford, Manchester or Liverpool.

Sponsorship

We are unable to offer sponsorship for this role.