Treasury New Product Approval Controls Manager recruitment

The New Product Approval team is part of a wider team that encompasses Asset Liability Management (ALM) (middle office not execution) and they are the internal customer to Liquidity Risk Management who all sit with the London Treasury division.

This role will suit someone who is very strong with control mindset, demonstrable achievements in some form of change management, be it systems or controls and someone who offers liquidity FSA knowledge, particularly FSA Liquidity Reporting. The role will not suit someone who has a desire to trade or continue to trade.

More about the role:

The Global Treasury of this investment bank is responsible for the organisation of all Treasury functions across the business and for the effective management of risk arising from liquidity, funding, structural FX and interest rate risk exposures. Treasury defines and applies internal policies, ensures regulatory compliance and, is responsible for managing the relationship with institutions Bank Treasury.

This is a key position within Treasury, reporting to the Head of ALM, with responsibility for the functional delivery of new business (product and region) into Treasury and its integration and implementation within ALM policy and process frameworks to include; liquidity forecasting, transfer pricing and internal controls and MI. Additionally, responsibility for the oversight, review and challenge of the daily ALM MI production will form part of this role.

Key to success will be clear communication between businesses, IT and Treasury to facilitate effective sharing of product knowledge and decision making by Treasury management. The job holder will have frequent interactions with all business and support functions and will represent Treasury at various committees and working groups.

Core requirements for the role include a flexible, pragmatic approach as well as being capable of, and motivated by, the delivery of practical solutions in a rapidly developing business environment.

Principal Accountabilities

New Products Responsibilities:

• Participation as one of the cross-function project lead team co-coordinating the design, build and testing phases, including UAT co-ordination for new product implementations

• Document and communicate detailed project updates including; critical path, cross-dependencies, key risks and gap analysis 

• Effectively communicate product scope and understanding across Treasury

• Identify and agree functional product specifications with Liquidity Risk Management team

• Ensure timely escalation of issues and develop, propose and execute solutions to maintain a high level of New Product Approval delivery in line with business expectations

• Test and implement functional product

Line Responsibilities:

• Assist with the design, implementation and management of the new products implementation process within Treasury ALM with particular emphasis on integration into existing processes.

• Leverage the Bank’s core systems; Finance Data Warehouse and ‘BI Tools’ and Calypso, to ensure consistency, accuracy timeliness and resilience of our reporting and analytical suite.

• Review and challenge of daily ALM MI including; internal funding (FTP) allocations, cash management explains etc.

• Assist with the development of the capabilities and skill set of the Treasury junior team-members, through mentoring, shadowing and training.

General Responsibilities:

• Maintaining effective professional relationships with business units and other support functions, specifically, Finance, Global Markets, BSS and Risk functions

• Remaining current with relevant local regulatory requirements and the Group internal controls / policies relating to funding and liquidity risk management.

• Remaining current with the banks systems and product set as it relates to the Treasury new product requirements.

Key Competencies Qualifications

• Demonstrable experience in Control and / or Change based roles

• Knowledge of derivative and other core investment banking instruments across a broad product spectrum

• Knowledge of Liquidity Risk Management or Regulatory Risk Reporting would be beneficial

• Excellent communication and presentation skills – ability to communicate complex ideas and processes and analysis in a clear and concise fashion.

• Change management skills

• Hands-on, with strong analytical background, using Investment Banking systems and Excel (VBA / Access beneficial)

Typical Decisions taken by Job Holder

• Tactical solution implementations for new lines of business

• Escalation points within Treasury and other functions

• Recommend design solutions for all areas of ALM governance, including daily, weekly and monthly management information

• Work with Line Manager to ensure changes are deployed in a planned, controlled and resilient fashion.

For further information and to apply for this outstanding role, please forward your Curriculum Vitae to Andrew Clark, quoting reference ACK1553110 at andrew.clark@robertwalters.com