Treasury Funds Transfer Pricing Manager – ID 77

JOB DESCRIPTION Job title: Treasury Funds Transfer Pricing Manager ID 77 Corporate Title: Associate / Vice President Department: Finance/Treasury Location: London Department overview: Treasury, as a department within the Finance division, operates across the three divisions of the Firm (Wholesale, Retail Brokerage and Investment Management) with responsibility for management of all aspects of liquidity and funding in accordance with Board-delegated mandate and all respective regulatory requirements. Treasury is also responsible for driving the change agenda in funding and liquidity, working with business and other finance functions to onboard new products and/or adopt new technologies and move away from legacy infrastructure. The Treasury department is organized into the following four main functions: 1. Asset Liability Management – a critical function focusing on managing risks arising from mismatches between assets and liabilities. • It functions by implementing an effective financial management framework including fund transfer pricing, interest rate risk management and resource optimization hence enhancing its risk management, improve decision-making, and ultimately strengthen its overall financial performance. 2. Liquidity Management – responsible for the management of liquidity for the Group and its legal entities • Ensure that the Group’s businesses and legal entities are able to support client needs and meet contractual and contingent financial obligations through normal economic cycles as well as during stress events. • Optimize the Group’s funding mix. • Maintain adequate and readily available liquidity sources in the appropriate currencies and legal entities. 3. Funding – execution of the firm’s unsecured financing activities and liquidity pool investment, together with currency management. 4. Regulatory Liquidity Reporting & Data – ensure regulatory liquidity reporting is complete, accurate, and timely. Design, implement and maintain regulatory reporting control, governance, and escalation frameworks. Role description: The Global Funds Transfer Pricing (FTP) team is a part of the Global Asset Liability (ALM) Team. As such, The Treasury FTP Manager, as part of the team, will be responsible for implementation of enhancements in and ongoing maintenance of the Group’s Funds Transfer Pricing framework, methodology and policy oversight. In this capacity be part of the ALL Team to develop and maintain a robust FTP framework to accurately allocate costs and benefits of liquidity across business units. Responsibilities include but are not limited to: • Ongoing development and documentation of the FTP framework and methodology • Communication on FTP approaches and any changes to business stakeholders, including responding to any methodology related queries. • Periodic review of global Treasury P&L to assess continued appropriateness of the existing framework and FTP charges. • Monitor funding and liquidity indicators to affirm FTP appropriately transfers the cost of liquidity. • Provide data and analysis to facilitate FTP framework enhancement. • Design and test any enhancement required for FTP system, working with Technology. • Work closely with Treasury Product Control on implementation of the framework and any changes • Deliver objectives through collaboration with other teams within Treasury such as Liquidity Management, Funding, Independent Risk Management (2nd Line of Defense) organizations (globally and regionally) as well as the Treasury Team located in Mumbai. Skills, experience, qualifications and knowledge required: • Bachelor’s degree in economics, mathematics, statistics, engineering or equivalent • An advanced degree, or additional professional qualifications such as CFA or FRM are a plus. • Deep understanding of funding markets and financial trading products, including structured notes, secured financing and derivatives transactions. • Knowledge of funding cost concepts including yield curves, liquidity premiums, and currency basis • Demonstrably strong analytical skills and ability to work with large data sets and technology tools such as Alteryx, Tableau, PowerBI or Python • Excellent communication skills (verbal and written) and ability to influence stakeholders at varying levels of seniority. • Demonstrated ability to independently deliver a project or system enhancement. • Control mindset, with demonstrated strength in enhancing governance and risk management. Competencies Trusted Partner • Understand clients’ needs and issues, and provide solutions utilizing Group company’s resources, earn the clients’ trust. • Acquire a wide range of knowledge as an employee instead of focusing only on one’s own area of expertise; play a part in improving the company’s services level and corporate value. Entrepreneurial leadership • Take on new challenges for improvement and cultivate a corporate culture of challenge by driving change in business operations. • Teamwork Collaboration • Ensure views are not biased, accept different opinions and perspectives, and collaborate with other members to create common values. Influence • Provide appropriate guidance to others and act in a manner that places emphasis on the performance and growth of the organization. Integrity • Improve further the understanding and awareness of corporate philosophy, professional ethics, compliance risk management, and code of conduct, and make decisions and take actions from a management position.