Head of Treasury Operations

Job description / Role

Title
• Head of Treasury Operations

Department
• Treasury

Reporting To
• VP, Treasury

Section
Finance

Job Grade
• TBA

Reporting Line
• Front Office Manager, Back Office Manager

The Head of Treasury Operations is directly responsible for the day to day operational treasury activities undertaken for the company. This position has day to day management responsibility for all treasury staff in Treasury Operation including, motivation of staff ensuring low staff turnover, good team spirit and high morale. The position should also ensure the cross training of staff to manage absences in Operational Treasury and provide comprehensive support for the VP Treasury.

Key Responsibilities of the role

Responsible for the operations and development of the Operational Treasury function.
The position is responsible for:
• The strategic management of the group’s cash and liquidity, including cash concentration and banking structures
• Management of in-house bank accounts, balances and payment factory activities
• Operational bank relationship management
• Liaising with Group planning to identify, report, mitigate and document operational FX, commodity and interest rate risks (short and long term)
• Responsible all aspects of treasury related accounting / financial reporting
• Document, refine and maintain Treasury policies and procedure manuals and maintain treasury management systems (quantum and Trax)
• Treasury related reporting (including forecasting) to / from treasury and within treasury
• Responsible for the management and operation of various financing and holding companies as agreed with Group Tax / Legal.
• Integration of new/existing business units into operational treasury and into financing structures
• Follow-up, analyse and interpret short term financial markets and provide the necessary guidance to Group management as required.
• Together with other financial controllers and the Head of Corporate Finance implement a proper segregation of duties and ensure that an appropriate controls framework is in place
• Working closely with the Head of Corporate Finance and local financial management to ensure that the short-term treasury needs of all businesses are met.
• Mentor and develop treasury team members
• Assist the VP Treasury in any ad hoc projects as required

Salary:
AED 40,000 to 70,000 per month inclusive of fixed allowances.
Additional benefits: Education Allowance, Dental + Medical, Travel, Accomdation etc

Requirements

Qualifications, Certifications and Experience
• Academic Qualifications

Required:
• A finance or finance related degree

Desired:
• MBA, CFA

Specialist / Technical Certifications

Required:
• Treasury related qualifications

Desired:

Leadership

Relevant Experience Required

Required:

• Bachelor's Degree in Accounting, Finance, or Economics or equivalent work experience
• 5 - 10 years of progressively responsible experience in treasury or cash management operations, including experience of international treasury management.
• Personnel management experience, with strong personal and professional integrity. Team Player – specifically non-hierarchal.
• Subject Matter Expert in domestic and international treasury and banking concepts, cash management forecasting and practices, and banking products and service.
• Practical experience and understanding of foreign currency markets, hedging, and exchange.
• Intermediate knowledge of accounting and finance principles, with the ability to apply concepts within a treasury context.
• An experienced business partner who is able to effectively manage stakeholders and problem solve, with strong customer service skills: Manage internal customer relationships through a competent, technically able, ‘can do’ service approach ensuring agreed service levels are maintained
• Excellent people management, communication, and organizational skills.
• Should have worked in a dynamic corporate environment before and be comfortable with a flexible environment.
• Should have experience with budgeting and forecasting.

Desired:
• Experience in Oil & Gas and Power & Water industries

Additional Requirements / Skills

Required:
• Well-developed communication and interpersonal skills
• A strong ability to work without direct daily supervision and provide leadership to direct reports as well as peers, and occasionally with supervisors
• Operates well in multi-cultural setting
• Willingness to work non-traditional workweek
• Ability to deal well with ambiguity
• Should be a mature, credible, personable individual with a strong presence and an open, honest demeanor.
• Has broad knowledge and perspective. Strategically agile; can anticipate future consequences and trends accurately.
• Builds and fosters effective teams. Creates a climate in which people want to do their best.

Desired:
• Proficiency in Arabic Language

Competencies

Behavioral:
• Team work – Proficient
• Results orientation - Proficient
• Taking initiative and problem solving - Proficient
• Adaptability and flexibility - Proficient
• Customer focus - Proficient
• Interpersonal communication & effectiveness - Proficient

Technical:
• Cash forecasting and variance analysis – proficient
• Bank relationship management – proficient
• Treasury and other financial risk management – proficient
• Intercompany funding of subsidiary operations - Proficient
• Treasury Operations – Proficient
• Mentoring and developing employees – Proficient

About the Company

At Candidate we pride ourselves in not only being a team of recruiters but possessing extensive industry experience across our key verticals, which allows us to search and select the right calibre of resource for our clients. With our offices in the UK and Dubai, UAE we have the exposure to the right network which helps us focus on building a portfolio of clients and candidates across our key sectors:

Financial Services FinTech Legal Cyber Healthcare Digital

We like to see ourselves as more than a typical recruitment consultancy. For instance we offer the core services of placing the right candidate for our clients and retained recruitment, in addition to consultancy to advise and build out a client’s needs. Supplying contract resource is an area we are building out to provide further options to our client base. Lastly training is a key focus, as a result of our partnership with Forte Markets we have access to a depth of content and expertise, across our key verticals, rarely seen with a recruiter.