Corporate Treasurer - London, United Kingdom - British Council

British Council
British Council
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London, United Kingdom

1 month ago

Tom O´Connor

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Tom O´Connor

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Description
Corporate Treasurer


Date:14 Aug 2023


Location:
London, UKM, GB


Company:
British Council

We support peace and prosperity by building connections, understanding and trust between people in the UK and countries worldwide.

We work directly with individuals to help them gain the skills, confidence and connections to transform their lives and shape a better world in partnership with the UK.

We support them to build networks and explore creative ideas, to learn English, to get a high-quality education and to gain internationally recognised qualifications.

Working with people in over 200 countries and territories, we are on the ground in more than 100 countries. In we reached 650 million people.


Purpose of Role:


  • The Corporate Treasurer is a leadership role which has primary responsibility for all aspects of corporate treasury policy, processes, controls, analysis and investment strategies. This includes cash management, financing and investment activities, internal controls, risk management, loss prevention and some financial modelling and related analysis and recommendations.
  • Reporting to the Director of Finance Operations, the post holder will be the principal treasury specialist in British Council, providing strategic and professional expert advice to support the achievement of strategic objectives.
  • The role will lead on developing strategic partnerships and maintaining relationships with banks and other financial organisations in order to deliver British Council Treasury policy, investment strategies and business objectives.
  • They will be a person with strong knowledge of large international organisations with revenue generated through multiple product / service channels in a matrixstructure and cash management.
  • The Treasurer will lead on identifying opportunities that could deliver better business models that have an impact on the organisation's global ability to deliver statutory reporting obligations, operating models in country, banking and repatriation of funds. This includes liquidity analysis and management, cash forecasting and debt facility operation.
  • This role brings a number of challenges in terms of working closely and partnering with Regional Finance Directors and Country Finance Managers to optimise cashflows, manage cash investments / liquidity, in a commercial and changing business environment, including ecommerce and mobile banking, bonds and guarantees, bank KYC management.
  • The role will play a key part in developing treasury expertise and processes across the global finance teams.

Main Accountabilities:


Commercial and Financial Management

  • Manage and have oversight of the British Council's banking platform and processes, including the pan European zero balancing cash pool, ensuring transactions are processed on an accurate and timely basis to optimise cashflow and improve cash flow forecasting across the business, optimise investment income and work in partnership with global finance operations (Shared Services, Regional Finance Directors and Country Finance Managers) to avoid / repatriate "trappedcash".
  • Manage British Council foreign currency liquidity requirements in accordance with the Treasury Management Policy.

Strategy and Planning

  • Develop and recommend Treasury Management Policy and Controls (for CFO and Trustee approval) and ensure compliance. Provide strategic advice and share Treasury expertise to support effective decision
  • Develop, recommend and support the UK Finance Leadership Team and Regional Finance Directors in the implementation of Treasury strategy including foreign currency management.
  • Develop and lead the longterm investment strategy with the aim of optimising deposit interest income, ensure compliance with loan facilities and their operation to ensure adequate liquidity. Work in partnership with global finance operations to deliver the longterm investment strategy.

Leadership and Management

  • Lead and motivate the Treasury Team to ensure capacity, capability and support of other parts of the finance team. Build treasury capability, and processes within the team and the wider finance team, promote a culture of continuous learning and professional development within the Treasury team.

Relationship and stakeholder management

  • Develop strategic partnerships and lead relations with banks and other financial institutions to ensure that all proper banking arrangements are in place to maintain service quality, optimise treasury operations and ensure costs are minimised. Manage regional contracts for EU and EA Regional Banking. Manage on boarding of new banking counterparties and associated documentation.
  • Lead strategic stakeholder engagement for treasury activities, building strong working relationships, partnering with the senior finance colleagues in the UK and globally to ensure that treasury activities support the delivery of business strategy.

Service Improvement

  • Ch
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