Treasury Back Office Manager - Treasury Operations
- Recruiter
- Sainsbury's
- Location
- Edinburgh, City of Edinburgh, United Kingdom, United Kingdom
- Salary
- competitive
- Posted
- 12 Nov 2022
- Closes
- 01 Dec 2022
- Ref
- 22000740
- Approved employers
- Approved employer
- Job role
- Treasury
- Sector
- Retail and FMCG
- Experience level
- Manager
Treasury Back Office Manager
The primary location for this role will be Edinburgh (hybrid) but occasional travel to London will be required.
In a nutshell
As Treasury Back Office Manager, you will take responsibility for the management of the Treasury Back Office (TBO) operational activities for Sainsbury's Bank. Reporting to the Head of Treasury Operations, you will work closely with the Middle Office to support Front Office trading activity, ensuring settlement of all financial market transactions (e.g. cash, FX, derivatives and fixed income) are managed within a controlled framework. You will be responsible for managing the TBO team, including recruiting and developing staff to meet the increasing needs of the business.
What you'll be doing
The individual performing this role is expected to adhere to the conduct rules as specified by our regulators (PRA and FCA).
Our benefits
In addition to the all-important salary, pension & bonus offering, we totally get that life outside work is important to us all. So, we want to shout out some of our other great benefits...
We're proud of our heritage as the UK's first supermarket bank. As digital technology drives the banking landscape we want to be at the cutting edge of this technology, offering award winning innovative digital banking products to our customers. Technology is where we see our growth therefore, we need innovators to join us and drive the next phase of our evolution.
We're a friendly bunch who collectively share a passion to make our customers' financial lives easier. As part of the wider Sainsbury's Group, being one of the UK's most trusted brands, it brings our colleagues a wealth of opportunities to fulfil their potential. Here, you can be part of something bigger and help to create a new approach that puts the customer at the heart of everything we do.
Everyone is welcome at the Sainsbury's Group, and we're proud to be an equal opportunities employer that champions a diverse and inclusive culture that reflects the diversity of the communities we serve.
Work-life balance is important to us, so we offer our colleagues as much flexibility as possible in line with the needs of their role. We trust them to decide how, where and when they work, combining remote and collaborative working with a flexible approach to hours within their working days, giving plenty of time and space for life outside of work whilst delivering against our business goals.
If you're interested in applying and are excited about working with us but are unsure if you have the right skills and experience - we'd still love to hear from you! We'd also be happy to discuss more flexible working options such as job shares and part time working.
As this role involves working within a regulated environment any offer will be subject to satisfactory background checks including criminal record check, credit check, fraud check and employment references.
#LI-KP1
The primary location for this role will be Edinburgh (hybrid) but occasional travel to London will be required.
In a nutshell
As Treasury Back Office Manager, you will take responsibility for the management of the Treasury Back Office (TBO) operational activities for Sainsbury's Bank. Reporting to the Head of Treasury Operations, you will work closely with the Middle Office to support Front Office trading activity, ensuring settlement of all financial market transactions (e.g. cash, FX, derivatives and fixed income) are managed within a controlled framework. You will be responsible for managing the TBO team, including recruiting and developing staff to meet the increasing needs of the business.
What you'll be doing
- Provide overview and management of daily cash processes including the daily cash position, intraday cashflow analysis and daily bank reconciliations
- Work closely with the front office to support settlement and confirmation of trading activity
- Manage and provide ongoing development to a small team of assistant managers and analysts
- Review and approve balance sheet reconciliation & substantiation for Treasury products and corporate bank accounts, ensuring all Treasury transactions and cash movements are accurately reported to the Oracle General Ledger
- Support the team with peak workflow and priorities to ensure that the broader team's objectives are met on a consistent and timely basis
- Regularly review processes and controls, ensuring all back office operational risks are suitably monitored and managed under a strict controlled framework
- Manage any risk events that occur ensuring full compliance with reporting, detailed understanding of root cause and implementation of appropriate corrective action
- Responsible for quarterly testing of KCIs and supporting 2 nd level control testing and internal/external audits
- Improve efficiency through automation and process enhancements
- Manage and deliver change to back office processes resulting from projects, ensuring robust definition of requirements, risk and control assessments, testing and implementation
- Provide effective cover for the Back Office Assistant Manager role
- Deputise for the Head of Treasury Operations
- Strong experience working in a Treasury Back Office role
- Understanding of financial market products (e.g. cash, interest rate swaps, FX and fixed income)
- Strong awareness and understanding of a control environment within a financial services organisation
- Some accounting experience preferable
- Some understanding of broader treasury roles including collateral management
- Organised individual who can prioritise workload, work under pressure and deliver to strict deadlines
- Strong excel skills and analytical skills and the ability to challenge and embed key processes
- Excellent team player with the ability to work with and influence team members and third parties to drive through the required improvements to systems and processes
- Some managerial experience
- Technical experience in the following:
-
- Treasury back office
- Treasury Management systems (e.g. GTreasury)
- Payments / SWIFT
- Custodian settlements (e.g. CREST, EUROCLEAR)
- Confirmation/matching platforms (e.g. Markitwire, FXAll)
-
The individual performing this role is expected to adhere to the conduct rules as specified by our regulators (PRA and FCA).
Our benefits
In addition to the all-important salary, pension & bonus offering, we totally get that life outside work is important to us all. So, we want to shout out some of our other great benefits...
- We offer flexible working to help you achieve a good work/life balance
- Opportunity to buy extra holidays is on the table
- Discounts on your weekly shop, buying a laptop or sofa? We've got it covered through your Sainsbury's, Argos and Habitat store discount card
We're proud of our heritage as the UK's first supermarket bank. As digital technology drives the banking landscape we want to be at the cutting edge of this technology, offering award winning innovative digital banking products to our customers. Technology is where we see our growth therefore, we need innovators to join us and drive the next phase of our evolution.
We're a friendly bunch who collectively share a passion to make our customers' financial lives easier. As part of the wider Sainsbury's Group, being one of the UK's most trusted brands, it brings our colleagues a wealth of opportunities to fulfil their potential. Here, you can be part of something bigger and help to create a new approach that puts the customer at the heart of everything we do.
Everyone is welcome at the Sainsbury's Group, and we're proud to be an equal opportunities employer that champions a diverse and inclusive culture that reflects the diversity of the communities we serve.
Work-life balance is important to us, so we offer our colleagues as much flexibility as possible in line with the needs of their role. We trust them to decide how, where and when they work, combining remote and collaborative working with a flexible approach to hours within their working days, giving plenty of time and space for life outside of work whilst delivering against our business goals.
If you're interested in applying and are excited about working with us but are unsure if you have the right skills and experience - we'd still love to hear from you! We'd also be happy to discuss more flexible working options such as job shares and part time working.
As this role involves working within a regulated environment any offer will be subject to satisfactory background checks including criminal record check, credit check, fraud check and employment references.
#LI-KP1