Head of Treasury at Workforce Group

Job Summary

• As the Head of Treasury, you will play a pivotal role in shaping the financial strategies and operations of our digital bank.
• Your primary focus will be on asset and liabilities matching, ensuring a robust balance between our income-generating assets and funding sources.
• This critical responsibility will help maintain the bank's liquidity, profitability, and overall financial stability.

Responsibilities
Asset and Liabilities Management:

• Monitor and manage the bank's balance sheet to ensure optimal asset and liabilities matching.
• Conduct quantitative analysis to assess risk and returns associated with different asset classes.
• Implement strategies for asset allocation and investment to maximize profitability and minimize risk.
• Regularly review the portfolio and adjust investment strategies based on changing market conditions.

Financial Planning and Forecasting:

• Develop comprehensive financial plans aligned with the bank's strategic objectives.
• Forecast cash flows, liquidity needs, and interest rate risk to inform decision-making.
• Assess the impact of various economic scenarios on the bank's financial position.
• Collaborate with finance and other relevant departments to align treasury goals with overall business objectives.

Liquidity Risk Management:

• Ensure adequate liquidity is maintained to meet daily operational requirements and unforeseen contingencies.
• Establish and execute contingency funding plans to manage liquidity risks effectively.
• Monitor and manage liquidity stress tests to assess the bank's resilience under adverse conditions.

Investment Strategy:

• Develop and implement investment policies and guidelines that align with the bank's risk appetite and regulatory requirements.
• Identify suitable investment opportunities and analyze risk-return trade-offs.
• Diversify investment portfolios to minimize concentration risks and enhance overall returns.

Interbank Relationships and Funding:

• Cultivate and maintain strategic relationships with other banks and financial institutions.
• Negotiate credit facilities and funding arrangements to ensure access to diverse funding sources.
• Collaborate with the treasury team to manage interbank transactions and optimize funding costs.

Compliance and Risk Oversight:

• Ensure compliance with all relevant financial regulations and internal policies.
• Implement and oversee risk management frameworks related to treasury activities.
• Collaborate with risk and compliance departments to address regulatory requirements and audit findings.

Financial Reporting and Analysis:

• Prepare and review financial reports related to liquidity, interest rate risk, and investment performance.
• Provide analysis and insights to senior management on treasury-related matters.
• Assist in the preparation of financial statements and disclosures related to treasury activities for regulatory reporting.

Treasury Operations Oversight:

• Supervise daily treasury operations, including cash management, settlements, and transactions.
• Implement best practices and automation in treasury processes to improve efficiency and accuracy.
• Ensure adherence to operational controls and cybersecurity measures in treasury activities.

Team Leadership and Development:

• Lead and motivate the treasury team, providing guidance and support in their day-to-day responsibilities.
• Conduct performance evaluations, identify training needs, and facilitate professional development opportunities.
• Foster a collaborative and innovative culture within the treasury department.

Minimum Qualifications

• First Degree in a Finance / Accounting related field
• Advanced University Degree (Master's degree or equivalent)
• CFA, ACCA, etc.

Competence Requirements:

• Proven (8 years minimum) experience in treasury management, financial planning, and asset-liability management in the banking or financial industry.
• Strong understanding of financial instruments, investment vehicles, and market dynamics.
• Excellent analytical skills, with the ability to interpret complex financial data and make data-driven decisions.
• In-depth knowledge of regulatory requirements and compliance in the financial sector.
• Demonstrated track record of building and maintaining strategic relationships with other banks and financial institutions.
• Outstanding leadership and communication skills to motivate and guide the treasury team effectively.
• Adaptable, proactive, and able to thrive in a fast-paced, dynamic digital banking environment.