Treasurer

Location
England, London, City of London
Salary
£70000 - £80000 per annum
Posted
17 Oct 2016
Closes
24 Oct 2016
Ref
NATREGT(1016)
Contact
Goodman Masson
Job Title
Treasury
Contract Type
Permanent
Hours
Full Time
An opportunity for an experienced Treasurer has arisen at a financial services firm in the city. This is a hands on role but also requires some man management. This role would suit a Treasurer with a background in a regulatory environment and the successful candidate will be either AMCT or Accountancy qualified.

The main responsibilities of the role are:

Manage daily cashflow
-Intra-day monitoring of cash balances with banks (client and office balances) and brokers;
-Ensure no breaches of FCA or internally set exposure limits to these counterparties;
-Liaise with front office, credit and trade management departments regarding large outflows/inflows of funds to/from clients and brokers;
-Maintain sufficient balances in major currencies to enable timely payment of all transactions in required currency as they fall due.

Manage non-trading FX exposure
-Daily monitoring of Balance Sheet FX exposure;
-Take action required to keep exposure within board set limits;
-Review costs associated with various methods of exchanging FX, suggest and implement changes to gain cost efficiencies.

Approval of daily broker calls/recalls
-Approve calls/recalls to/from brokers.

Perform analysis on bank, broker and payment service provider charges
-Ensure all charges and fees are in line with contracts;
-Review costs of transacting with these providers, suggest and implement changes to reduce costs.

Daily review of bank reconciliations (client and office)
-Ensure daily bank reconciliations are performed (and available for CASS)
-Review bank reconciliations (including investigating long outstanding items)

Ownership of online bank, broker and acquirer portals
-Maintain matrix of staff accesses and permissions to all bank, broker and acquirer portals and ensure system accesses are set up accordingly;

New bank, broker and acquirer procedures
-Appraisal of potential new counterparty proposals;
-Administration relating to new bank, broker and acquirier relationships;
-Ensure new counterparties are integrated into all existing finance department processes;

Day to day supervision of the regulatory accountant
-Review daily cash segregation calculations;
-Review daily capital adequacy calculations;
-Work with Regulatory accountant to streamline processes;