Treasury Manager

Jersey, Channel Islands

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We are a global powerhouse providing Corporate & Global Expansion, Active Wealth, Pension & Incentive services and Fund solutions, all aligned under one common goal: to DO MORE so our clients and our people can ACHIEVE MORE.

We believe in taking care of our people and in serving our clients with reliability, agility and creativity while adhering to principles of fairness, sustainability and inclusivity. These values underpin everything we do – and we believe, set us apart from our peers.

Above all else, we value our people and our clients’ success.

Since our origination, we have been cultivating a work environment that attracts and retains the very best talent in the industry.

We actively embrace entrepreneurialism and encourage our people to see beyond their specific role and participate in a wide range of opportunities as they see fit

 

Zedra introduced a Treasury service in February 2023. In the time since launch, the service has grown and is on track to deliver revenues in excess of budget this year. The treasury department seeks a manager to:

  1. Be a part of a small, highly motivated team and in due course play a key role in succession planning,
  2. Play an active role in the introduction of a treasury service in Zedra Guernsey (limited in phase one),
  3. Build on initial success, growing Jersey and Guernsey treasury balances and the income thereon,
  4. Act as a champion for treasury services with internal stakeholders, particularly the administration community.

Key Accountabilities

Administrative

The treasury team is small in number so the role holder is expected to develop the broad knowledge and skills necessary to cover for the absence of either the Treasury Associate Director or Treasury Administrator and to a limited extent understand the responsibilities of the Treasury Director.  This will require the role holder to develop a detailed understanding of end to end processes covering:

  1. The set-up and administration of treasury accounts,
  2. Treasury reporting,
  3. The connectivity between Zedra (NavOne), BankClarity and counterparty banks,
  4. Zedra’s payments processing through BankClarity

Working closely with the Treasury Associate Director & Treasury Administrator, role holder’s responsibilities (some of which are shared) will include:

  • Daily reconciliation of treasury accounts to bank positions reported in BankClarity & Treasury’s in-house model;
  • Update Treasury Key Performance Indicators on daily basis referring any discrepancies to the Treasury Director;
  • Routine interaction with pooled banking partners, particularly placing/recalling fixed deposits and managing notice arrangements;
  • Working closely with the administration community, supporting them fielding treasury related queries and opportunities;
  • Opening/closing treasury accounts in Navision and on Bank Clarity and ensuring information, to the extent it relates to treasury related accounts, is up to date;
  • Managing liquidity with the administration community (understanding significant capital flows in advance of these being instructed) by way of a simple liquidity model and engagement with the administration community;
  • Bank Clarity user support (routine matters dealt with by system administrator and super users);
  • Payment queries (involving treasury accounts only);
  • Actively support and/or lead Treasury related projects
  • One direct report

Commercial

  • Support the Treasury team delivering budgeted revenues
  • Work with administration community (and others as necessary) to grow treasury AUMs
  • Understanding and awareness of geopolitics / macroeconomics impacting Treasury services

Risk

The role holder will need to manage execution risks associated with:

  • International payments processing and cut-off times
  • Bank product requirements
  • Parameters governing Zedra’s Diversified Cash Management Service
  • Forex
  • Liquidity

People Management

The role holder will act as mentor to the Treasury Administrator and be responsible for that role holder’s performance management and personal development. The role holder will be expected to have excellent written and oral interpersonal and communication skills.

Knowledge and Experience

Professional and Technical Experience

The role holder will have a proven track record, and a minimum of 5 years experience of achieving excellence in either banking, trust and company administration, or an operations environment in a financial services setting.

Experience in a treasury specific role is not essential as comprehensive training will be given. Familiarity with project management and bookkeeping is desirable, as is an understanding of the factors which influence Jersey banks’ appetite to onboard trust and company clients. A good working knowledge of Microsoft Excel is essential.

If not already held, the role holder will be expected to build an awareness and interest in the general economic environment as it impacts on interest rates and exchange rates.