Treasury Director, Operations

Gated Talent; Watford; Hybrid; GBP 80,000 - 120,000; Full time

Job summary

A leading medical technology company offers a key role as Treasury Director – Operations, responsible for managing treasury activities including risk management and cash flow optimization. The position demands strong leadership and strategic insight to ensure the financial stability of the organization.

Benefits

Annual bonus

Life insurance

Company stock saving plan

Paid volunteering hours

Flexible approach

Private health care with dental care package

Multi-sport card/my benefit platform

Hands-On, Team-Customized training

Subsidies for language classes

Referral bonus

Qualifications

• Minimum of 10+ years of experience in Treasury and Finance.
• Appropriate qualifications in treasury and finance.

Responsibilities

• Lead and manage treasury front office teams.
• Develop processes for cash flow monitoring.
• Produce monthly treasury management information pack.

Skills

Leadership

Market Risk Management

Cash Management

Financial Analysis

Education

Bachelor’s degree

Qualifications in treasury and finance

Job description

Life Unlimited. At Smith+Nephew we design and manufacture technology that takes the limits off living.

Life Unlimited. Smith+Nephew is a portfolio medical technology company focused on the repair, regeneration and replacement of soft and hard tissue. We exist to restore people’s bodies and their self-belief by using technology to take the limits off living.

Group Treasury is responsible for all funding, foreign exchange and cash management activities of the Group, with a central function located in the UK, supported by dedicated treasury colleagues in India, Brazil and Singapore.

Position Overview:

The Treasury Director – Operations is a pivotal role within the Global Treasury function, encompassing a wide range of responsibilities from daily operations to strategic projects. This role is essential for ensuring the financial stability and efficiency of the organization.

What will you be doing?

Leadership & Management:

• Lead and manage the treasury front office teams in the UK and India, fostering a collaborative and high-performing environment.
• Provide coaching and support to ensure the continued growth, engagement, and commitment of team members.
• Ensure appropriate technical treasury knowledge of team members.

Market Risk Management:

• Supervise the execution of all FX trades in line with policy.
• Advise global businesses on currency exposures, and support policy changes and implementations.
• Monitor interest rates and execute transactions to effectively manage associated risks.
• Assess, recommend and execute hedging strategies.

Cash Management:

• Develop processes to monitor and consolidate cash flow expectations across the Group. Work with local teams to understand flows and to improve forecast accuracy going forwards.
• Manage and optimise group pooling structures. Support cash repatriation.
• Consolidate operational banking into preferred banking partners.

Group Funding:

• Ensure accurate settlement of all Group treasury transactions.
• Optimise the use of facilities on a daily basis.
• Invest surplus funds in deposit and money market fund instruments.
• Assess, recommend and implement alternative cash investment outlets.

Treasury Reporting:

• Produce the monthly treasury management information pack.
• Continuously update, automate, and improve the visualization of treasury activities.
• Provide timely and accurate financial data to support decision-making

Treasury Policy:

• Annually review and update the treasury policy to ensure it remains aligned with the organization’s strategic objectives, regulatory requirements, and best practices.
• Collate exposures data and update assessment of value at risk to refine which currencies to hedge and hedging strategy at least annually.

Counterparty Risk Management:

• Assess and manage counterparty risk by monitoring exposures and monitoring early warning indicators for potential deterioration in the credit quality of banking partners. Change approach as needed to minimise risk.
• Ensure compliance with Group policies and provide guidance on counterparty risk-related matters across the Group.

Treasury Systems:

• Continually assess current technology, and market trends to maintain a treasury technology roadmap of improvements.
• Manage transactions within the Group Treasury Management System, optimizing its usage to enhance the quality, accuracy, and efficiency of treasury operations.
• Deliver enhancements to the treasury systems.

Treasury Accounting:

• Support back-office requirements for accounting and reporting on complex financial instruments utilized by Treasury.
• Oversee quarterly, half yearly and full year disclosures relating to borrowings, cash and derivatives.

Relationship Management:

• Cultivate strong, effective relationships with key existing and prospective banking partners, vendors, and intermediaries.

What will you need to be successful?

• Education: Bachelor’s degree required
• Qualifications: appropriate qualifications in treasury and finance.
• Experience: Minimum of 10+ years of experience in Treasury and Finance.

Personal Attributes:

• Leadership:
• Be a passionate advocate for the organization and the treasury function.
• Anticipate market changes while managing day-to-day processes.
• Experienced engaging with international teams and markets.
• Self-directing:
• Experienced at shaping and delivering the treasury agenda.
• Team Management:
• Develop a high performing team with knowledge of strengths and development needs.
• Provide coaching and support to nurture continued growth, engagement, and commitment.
• Communication:
• Strong communication upwards, downwards, and outwards.
• Calm under pressure and measured when addressing operational challenges. Timely communication.
• Describe complex problems with simplicity and clarity. Develop simple solutions that can be easily communicated.
• Nurture excellent reputation with relationship banks.
• Process mindset
• Develop robust processes, then refine and improve over time to optimise outcomes and performance.
• Integrity:
• Maintain high ethical standards and demonstrate a proven ability to follow appropriate policies.

You. Unlimited.

We believe in creating the greatest good for society. Our strongest investments are in our people and the patients we serve.

Inclusion, Diversity and Equity: Committed to Welcoming, Celebrating and Thriving on Diversity, Learn more about our Employee Inclusion Groups on our website

Your Future: annual bonus, life insurance, company stock saving plan

Work/Life Balance: paid volunteering hours, flexible approach

Your Wellbeing: private health care with dental care package, multisport card/my benefit platform

Flexibility: possibility of working in hybrid model

Training: Hands-On, Team-Customized, subsidies for language classes, certifications and postgraduate studies
Extra Perks: referral bonus, recognition program, mentoring program

Stay connected and receive alerts for jobs like this by joining our talent community.

We’re more than just a company – we’re a community! Follow us on LinkedIn to see how we support and empower our employees and patients every day.

Check our Glassdoor page for a glimpse behind the scenes and a sneak peek into You Unlimited, life, culture, and benefits at S+N.

Explore our new website and learn more about our mission, our team, and the opportunities we offer.

Stay connected and receive alerts for jobs like this by joining our talent community.

We’re more than just a company – we’re a community! Follow us on LinkedIn to see how we support and empower our employees and patients every day.

Check our Glassdoor page for a glimpse behind the scenes and a sneak peek into You. Unlimited., life, culture, and benefits at S+N.

Explore our new website and learn more about our mission, our team, and the opportunities we offer.

GatedTalent consolidates jobs from a variety of sources. Users of the “Talentis” and “FileFinder” executive search CRMs are able to publish jobs to the site with links from inside their core business apps. These are supplemented by jobs added by our own researchers and those provided by a third party job aggregation service. Please note that GatedTalent staff are not directly involved in the recruiting process.

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