Senior Dealer Treasury

Your key responsibilities will include:

• Cash Management – To review respective operating companies’ currency bank account balances, analyse and position short term cash flows considering daily and short term forecast positions and Corporate Finance related funding projects.  Thereafter, invest, borrow or exchange funds to ensure that the Group’s liquidity is maintained at all times.  This will typically involve taking into account security of principal, liquidity, price and respective bank credit positions.  This workflow to be managed and completed in accordance with the service level agreements in force between TSC and operating companies.
• Foreign Exchange Management – In conjunction with the relevant Regional Treasurers and acting as the Centre of Treasury excellence to operating companies in respect of their own FX hedging programs, to undertake FX hedges on behalf of operating companies,  ensuring that the proposed hedges are in line with the Group’s policy and have been fully documented to maintain compliance with accounting standards
• In conjunction with the Risk management team to execute strategic hedging programs in respect of group companies profit repatriation to the centre.  The external FX hedges to be undertaken in accordance with pre-determined Group Treasury policy and guidelines.  Additionally, to ensure that IAS compliance guidelines have been fully documented and adhered to.
• Product Evaluation – The increased sophistication of the dealing function – both on the foreign exchange and investment markets demands a high level of skill and understanding of the ever-increasing number of products that are offered by financial institutions.  To proactively review and evaluate new financial market products to determine their applicability to BATIF’s existing suite of trading instruments, taking into account the various risk factors typically inherent in new financial instruments.  Typical examples include structured currency options and other derivatives.  
• Professional Representation – To continually manage and maintain the Group’s external and TSC’s internal business partner relationships to ensure that BATIF/TSC  receives and delivers best practice Treasury service whilst conducting normal day to day Treasury  operations.  This would typically include representing the Company by holding frequent internal and external business partner meetings to discuss a variety of business related topics.  Additionally to continually promote the overall Group treasury vision and strategy encompassing the use of the treasury service centre as a provider of in-house banking services.
• Change Management – To continually review and recommend practical alternatives and improvements to current processes.  To support and assist change management initiatives specifically related to the dealing function inclusive of new systems implementation where applicable.  This may include the sole management of projects and/or to ensure that the required projects tasks are completed in a timely fashion to an expected standard, as an active member of a larger project team.
• Information Exchange – To provide upon request market based information to TSC participants and other interested parties.  This requires the continuous analysis of financial and economic information.
• Management Reporting and analysis – To proactively explore, analyse and recommend alternatives in the content and format of reporting and management information.  To be responsible for the maintenance of the current suite of daily and monthly analytical and statistical reports, examples of which include FX performance and league tables in respect of TSC trading turnover. 

What are we looking for?

• It is required for the Job Holder to have a comprehensive working knowledge of a Corporate Treasury function including foreign exchange and interest risk management,  money market and funding operations, treasury accounting skills, various Treasury systems, electronic banking systems, and to be confident in liaising with all levels of management internally and externally.
• The Job Holder needs to have a full understanding of the way financial markets work – particularly the impact of economic data and its relationship to movements in the foreign exchange and interest rate markets.
• The Job Holder must have a comprehensive working knowledge of all money market and foreign exchange instruments including spot and forward foreign exchange dealing, interest rate currency swaps and options, be able to manage the issue CP under the various programs and be able to invest the short term surplus funds cash in appropriate investment instruments.
• The Job Holder must have a working knowledge of Treasury related financial and management accounting and must be able to apply such knowledge especially in respect of management reporting and control.
• The Job Holder will need to be highly adaptable to change and able to synergise relevant concepts in financial markets and financial risks to produce relevant innovations for the TSC as well as for the BAT Group
• The Job Holder must have excellent communication skills both verbal and in writing and must be proactive in maintaining and developing working relationships with various end market organisations. Knowledge of multiple and relevant languages will be useful given the jurisdictions that the TSC operates in
• The Job Holder must have excellent computer skills in respect of using all the Microsoft office suite, Reuters, Bloomberg, FXall and SAP and a minimum of 3-5 years experience within the Treasury area.