Treasury Risk and Reporting Manager
- Recruiter
- Britvic
- Location
- United Kingdom, United Kingdom
- Salary
- Competitive salary
- Posted
- 11 May 2021
- Closes
- 09 Jun 2021
- Ref
- 28132
- Job role
- Compliance/risk, Treasury
- Sector
- Accounting - Public practice
- Experience level
- Manager
At Britvic, we're on a journey to become the most dynamic, creative and trusted drinks company in the world. As one of the UK's leading players in the FMCG market we pride ourselves on setting high standards, being courageous and pushing ourselves to think outside the bottle.
About the Role:
This role reports into the Group Treasury Manager to support the management of the Group's exposure to financial risks including foreign exchange, interest rates and commodities and ensuring the appropriate accounting and economic outcomes are achieved.
Playing a key role in developing the Group's currency forecasting processes, implementing risk management process improvements and improving the visibility of the Group's risk position.
Working with the team and key stakeholders to develop and improve treasury reporting outputs and the use of core systems to drive automated reporting.
Key Responsibilities:
• To work with the business units to identify forecast and monitor foreign exchange exposures across the Group
• To manage the impact of these exposures and deliver timely and insightful reporting to key stakeholders.
• To identify, monitor and manage the interest rate exposure across the Group and report the impact of market movements.
• To develop and recommend the structuring and execution of risk management solutions in relation to the above areas of financial risk
• To support the Group Treasury Manager and the Commodity Risk Manager in the management of commodity exposures initially in the GB and Irish business units however with the likely expansion into other business units.
• To evaluate and execute the hedging requirements under the Group's share incentive schemes.
• Monitor and report on the Group's currency debt mix, currency leverage and translation risk in relation to internal and external funding.
• Input into updates to the Group's Treasury Policies in relation to risk management.
• To establish and maintain processes to monitor compliance with the Group's policies on foreign exchange, interest rates, shares, counterparty exposure and commodity risk and to report on these areas to key stakeholders.
• To work with the Group Treasury Manager and Group Financial Control team to ensure that the appropriate accounting treatment of all derivatives is understood and applied correctly.
• To ensure all required documentation and testing under IFR9 is complete and accurate and all derivatives achieve the desired accounting treatment.
• To produce the derivatives outputs necessary for statutory reporting purposes.
• To develop the reporting output of the Treasury function and to produce and share regular reporting.
• To develop the system-based reporting from IT2 to reduce the use of Excel in risk management activities and to ensure that the risk management data within IT2 is complete and accurate.
• To support the wider Treasury team on other aspects of Treasury management and ad-hoc projects as required.
Knowledge, Skills & Experience Required:
• Foreign exchange, interest rate and commodity risk management.
• Derivatives and IFRS9 accounting
• Plc / Group environment
• Must have operational experience in a group corporate treasury function with a specific exposure to derivatives and risk management.
• Experience of IT2 treasury management system preferred
Qualifications:
• Degree or equivalent
• Part of fully qualified AMCT and / or accounting qualification
Key Behaviours:
The individual will need to demonstrate all Britvic Values, with success in this role depending on the individual:
• Ability to work with stakeholders and make appropriate use of assumptions and judgement where required.
• Ability to explain potentially complex areas in a structured and understandable manner, making clear recommendations
• Quick thinker with good Excel and IT systems
• Team player willing to support colleagues and contribute across other treasury activity where required.
• Good communicator who is keen to learn and develop.
We're committed to providing equal opportunities to all applicants and employees - in fact, this is at the heart of our company culture and values, and we welcome applications from candidates with diverse backgrounds.
About the Role:
This role reports into the Group Treasury Manager to support the management of the Group's exposure to financial risks including foreign exchange, interest rates and commodities and ensuring the appropriate accounting and economic outcomes are achieved.
Playing a key role in developing the Group's currency forecasting processes, implementing risk management process improvements and improving the visibility of the Group's risk position.
Working with the team and key stakeholders to develop and improve treasury reporting outputs and the use of core systems to drive automated reporting.
Key Responsibilities:
• To work with the business units to identify forecast and monitor foreign exchange exposures across the Group
• To manage the impact of these exposures and deliver timely and insightful reporting to key stakeholders.
• To identify, monitor and manage the interest rate exposure across the Group and report the impact of market movements.
• To develop and recommend the structuring and execution of risk management solutions in relation to the above areas of financial risk
• To support the Group Treasury Manager and the Commodity Risk Manager in the management of commodity exposures initially in the GB and Irish business units however with the likely expansion into other business units.
• To evaluate and execute the hedging requirements under the Group's share incentive schemes.
• Monitor and report on the Group's currency debt mix, currency leverage and translation risk in relation to internal and external funding.
• Input into updates to the Group's Treasury Policies in relation to risk management.
• To establish and maintain processes to monitor compliance with the Group's policies on foreign exchange, interest rates, shares, counterparty exposure and commodity risk and to report on these areas to key stakeholders.
• To work with the Group Treasury Manager and Group Financial Control team to ensure that the appropriate accounting treatment of all derivatives is understood and applied correctly.
• To ensure all required documentation and testing under IFR9 is complete and accurate and all derivatives achieve the desired accounting treatment.
• To produce the derivatives outputs necessary for statutory reporting purposes.
• To develop the reporting output of the Treasury function and to produce and share regular reporting.
• To develop the system-based reporting from IT2 to reduce the use of Excel in risk management activities and to ensure that the risk management data within IT2 is complete and accurate.
• To support the wider Treasury team on other aspects of Treasury management and ad-hoc projects as required.
Knowledge, Skills & Experience Required:
• Foreign exchange, interest rate and commodity risk management.
• Derivatives and IFRS9 accounting
• Plc / Group environment
• Must have operational experience in a group corporate treasury function with a specific exposure to derivatives and risk management.
• Experience of IT2 treasury management system preferred
Qualifications:
• Degree or equivalent
• Part of fully qualified AMCT and / or accounting qualification
Key Behaviours:
The individual will need to demonstrate all Britvic Values, with success in this role depending on the individual:
• Ability to work with stakeholders and make appropriate use of assumptions and judgement where required.
• Ability to explain potentially complex areas in a structured and understandable manner, making clear recommendations
• Quick thinker with good Excel and IT systems
• Team player willing to support colleagues and contribute across other treasury activity where required.
• Good communicator who is keen to learn and develop.
We're committed to providing equal opportunities to all applicants and employees - in fact, this is at the heart of our company culture and values, and we welcome applications from candidates with diverse backgrounds.
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