We are currently recruiting for a Group Treasurer to join our Treasury team in London.
Department purpose
To provide high quality advice and relevant information to the decision makers in A&O Shearman, ensuring compliance with laws and regulations and delivering our service efficiently.
Role purpose
To provide a world class Treasury and Insurance service.
Role and responsibilities
Liquidity and Cash Management:
1. Managing the day-to-day relationships with our relationship banks
2. Managing our bank facilities, including origination, renewals, drawdowns and headroom
3. Forecasting cash flow positions, related borrowing needs, and available funds for investment, ensuring that sufficient funds are available to meet ongoing operational and capital investment requirements
4. Advising management on the liquidity aspects of its short and long-term planning
5. Managing the firm's global cash resources to ensure that we optimise our use and location of funds in all major operating currencies
6. Maximising efficiency of the firm's cash resources by pooling currencies to avoid conversion
Risk Management and Compliance:
7. Responsibility for treasury policies and their implementation, maintaining systems and procedures that impose an adequate level of control over treasury activities
8. Oversee the client money team to deliver compliance with Solicitors Regulation Authority (SRA) Standards and Regulations
Foreign Exchange Management:
9. Reviewing the firm's natural currency hedge and balance sheet exposures, taking action to correct any imbalance, recommending hedges and other financial derivatives where appropriate
Insurance:
10. Overseeing the management of the firm’s portfolio of global insurance policies (including P.I.) and London insurance policies (excluding HR). Providing input on appropriate coverage levels, monitoring claims and managing relationships with brokers
11. Focal point for insurance and risk management queries
Management Responsibilities:
12. Directing and managing the activities of the Treasury & Client Money team, including planning, staffing, budgeting, managing expense priorities, and recommending and implementing changes to methods
13. 2 direct reports - Treasury Manager and Client Money & Insurance Manager
14. Hiring and developing a strong team to support the firm’s objectives and strategy
Other:
15. Work with management to develop and improve strategies and increase net profit by performing effective treasury management
16. Develop strategy for treasury operations including evaluating treasury systems to improve efficiencies, rationalising bank accounts, developing a strategy for managing bank ancillary business requests
17. Assume other special projects and responsibilities as required
Key requirements
18. Significant experience in Treasury functions, ideally in large international environment, with previous change-management / integration experience desirable
19. Certified Treasury Professional (CTP) or Chartered Financial Analyst (CFA) designation is ideal
20. Must be prepared to be hands on in role as well as taking leadership responsibilities
21. Should have a thorough understanding of bank account management, international funds flows and cash management systems
22. Experience with foreign exchange and intercompany cash management and structuring
23. Excellent verbal and written communication; able to communicate complex financial issues in simple, understandable terms
24. Strong organisation and project management skills; able to meet tight deadlines and handle multiple tasks/ projects
25. Demonstrated intellectual curiosity and strong problem-solving skills (agility); able to elicit and comprehend quantitative and qualitative information
26. Self-starter, with the demonstrated ability to work with minimal supervision
27. Strong interpersonal skills. Demonstrated team-leadership skills and ability to influence firm-wide
28. Strong knowledge of accounting processes and internal controls
29. Must possess strong analytical and critical thinking skills and be detail-oriented
Should you require additional support at any stage of the recruitment process due to a disability or a health condition, please do not hesitate to contact a member of our recruitment team who will work with you to provide any adjustments as required.
We are an equal opportunities recruiter and do not discriminate on the basis of race, colour, sex, religion, sexual orientation, national origin, disability, or any other protected characteristic.
We recognise that our people are our most valuable asset, which is reflected in the wide range of benefits that are available to our employees. Some of these benefits include: our occupational pension scheme, group income protection cover, private medical insurance, mental health resources and free apps, health and wellbeing services encompassing an onsite gym, wellbeing centre and GP service, emergency back-up care support, parental and special leave, holiday entitlement increasing with length of service, holiday trading, season ticket loans and online discounts and lifestyle management services.
We recognise the value of flexible working and embraces hybrid working, allowing our people to work from home up to 40% of their working time. We do however remain committed to working together in person for the remaining 60% of time so that we can learn, grow and succeed together.