Director, Treasury (Assistant Treasurer)

WPP; New York (NY); Hybrid; USD 125,000 - 295,000; Full time

Job summary

WPP seeks a Director of Treasury (Assistant Treasurer) to enhance cash management and optimize liquidity in a global transformation journey. The role involves oversight of cash operations, collaborating across finance teams, and ensuring regulatory compliance. Ideal candidates possess extensive finance experience, treasury management knowledge, and strong analytical capabilities.

Benefits

Competitive benefits package

Opportunities for creativity and collaboration

Scale and opportunity for project influence

Qualifications

• Minimum 10 years of experience in treasury or finance roles.
• Knowledge of treasury management principles.
• Proficiency in Microsoft Office suite.

Responsibilities

• Oversee daily cash positioning and forecasting.
• Manage short-term investment and borrowing activities.
• Collaborate with other finance teams for cash flow improvement.

Skills

Analytical skills

Problem-solving skills

Communication skills

Cash management

Risk management

Education

Bachelor's or master’s degree in finance, accounting, business, or a related field

CTP, CFA, CPA, or MBA certifications

Tools

Treasury management systems (IT2, Wells Fargo Vantage)

Microsoft Excel

Job description

Director, Treasury (Assistant Treasurer)

New York, NY

WPP is the creative transformation company. We use the power of creativity to build better futures for our people, planet, clients, and communities.

Working at WPP means being part of a global network of more than 100,000 talented people dedicated to doing extraordinary work for our clients. We operate in over 100 countries, with corporate headquarters in New York, London and Singapore.

WPP is a world leader in marketing services, with deep AI, data and technology capabilities, global presence and unrivalled creative talent. Our clients include many of the biggest companies and advertisers in the world, including approximately 300 of the Fortune Global 500.

Our people are the key to our success. We're committed to fostering a culture of creativity, belonging and continuous learning, attracting and developing the brightest talent, and providing exciting career opportunities that help our people grow.

Why we're hiring:

WPP is on a global transformation journey, and this is an opportunity to join and strengthen the US Treasury team's focus on efficient cash management and liquidity optimization.

What you'll be doing:

The Assistant Treasurer will play a key role in supporting the US Treasury team's core activity, with a primary focus on daily cash management, borrowing and investing, systems development and business partnering WPP’s Agencies.

This role will report to the US Treasurer with 2 direct FTE reports and 2 interns. Key responsibilities include:

Cash Management:

• Oversight of daily cash positioning and forecasting, ensuring accurate and timely reporting.
• Optimize cash flow, identifying opportunities to improve efficiency and reduce costs.
• Collaborate with other finance teams to improve cash flow forecasting and reporting.
• Administration of bank accounts, including opening, closing, cash pooling, and maintaining account documentation.
• Regulatory compliance, bank KYC, internal controls and support internal and external audit as required.

Corporate Finance Activities:

• Oversee daily cash management operations, ensuring adequate liquidity for WPP's US operations.
• Oversee short-term investment and borrowing activities, complying with Group Treasury policies.
• Oversee short-term funding including up to $1bn of commercial paper, short term credit lines and receivables finance lines.
• Support other corporate finance activities as needed, such as dividend payments and debt management.

Treasury Systems and Technology:

• Support the optimization and standardization of the global treasury management system (TMS) within the US and on Global deliverables overseen by the Treasury Steering Committee.
• Assist with the integration of treasury data and reporting into relevant financial systems.
• Collaborate with Finance, Finance+ (WPP shared services), and other relevant teams on treasury-related projects.
• Administration of banking portal and ensure compliance to Data and Technology audit requirements.

Business partnering

• Build deep relationship with CFOs, Finance and Commercial leaders across WPP’s Agencies and influence decisions.
• Develop and enhance relations with WPP’s relationship banks bringing their advice and expertise to bear as required for risk management or other purposes.
• Help the integration, development and reporting of this in the central treasury system, IT2 and in the recently formed Treasury Shared Services team in Bangalore.
• Assist in identifying and mitigating financial risks related to treasury activities.
• Support the implementation and monitoring of FX hedging strategies, ensuring compliance with Group Treasury policy.
• Contribute to regular treasury risk and other reporting as required.

What you'll need:

Education:

• Bachelor's or master’s degree in finance, accounting, business, economics, or a related field are desirable.
• Professional certifications such as CTP (Certified Treasury Professional), CFA (Chartered Financial Analyst), CPA (Certified Public Accountant), or MBA (Master of Business Administration) are highly desirable.

Experience:

• Minimum 10 years of experience in a treasury or finance role within a multinational company in corporate finance or treasury roles such as Financial Analyst, Accountant, or Treasury Analyst.
• Knowledge of treasury management principles, including cash management, risk management, and corporate finance.
• Strong analytical, problem-solving, and communication skills.
• Proficiency in Microsoft Office suite, particularly Excel and PowerPoint.
• Experience in managing liquidity, financial analysis, and team leadership.

Nice to have:

• CFA, CTP or MBA or any relevant Accounting/Treasury or Risk related qualification.
• Experience with treasury management systems (IT2 a plus, Wells Fargo Vantage, Citibank Citi direct, JP Morgan Chase Access, Bank of America CashPro, HSBCnet, RBC Express).
• Experience in Power Platform (Power BI, Power Automate, Power App and Power Query)
• Experience in the media, advertising, or a related sector.

Who you are:

You’re open: We are inclusive and collaborative; we encourage the free exchange of ideas; we respect and celebrate diverse views. We are open-minded: to new ideas, new partnerships, new ways of working.

You’re optimistic: We believe in the power of creativity, technology and talent to create brighter futures or our people, our clients and our communities. We approach all that we do with confidence: to try the new and to seek the unexpected.

You’re extraordinary: we are stronger together: through collaboration we achieve the amazing. We are creative leaders and pioneers of our industry; we deliver extraordinary every day.

What we'll give you:

Passionate, driven people – We aim to create a culture in which people can do extraordinary work.

Scale and opportunity – We offer the opportunity to create, influence and deliver projects at a scale that is unparalleled in the industry.

Challenging and stimulating work – Unique work and the opportunity to join a group of creative problem solvers. Are you up for the challenge?

The base salary range for this position at the time of this posting is indicated below. Individual compensation varies based on job-related factors, including location, business needs, level of responsibility, experience, and qualifications. We offer a competitive benefits package, go to https://www.wpp.com/en/careers/wellbeing/benefits-at-wpp-in-the-us for more details.

.

$125,000 - $295,000 USD

We believe the best work happens when we're together, fostering creativity, collaboration, and connection. That's why we’ve adopted a hybrid approach, with teams in the office around four days a week. If you require accommodations or flexibility, please discuss this with the hiring team during the interview process.

WPP is an equal opportunity employer and considers applicants for all positions without discrimination or regard to particular characteristics. We are committed to fostering a culture of respect in which everyone feels they belong and has the same opportunities to progress in their careers.

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