Senior Associate, Treasury Solutions - The London Treasury

Grade: Senior Associate (£75,000 - £105,000 dependent on experience)

Reporting to: Deputy Director, Treasury Shared Service

Direct and indirect reports: None, but must be able to manage and mentor staff as required by the Deputy Director. Day‑to‑day working with and directing Treasury Analysts, Associates and any secondees.

Employment Type: Permanent

Employer: London Treasury – an arm’s‑length subsidiary of the Greater London Authority (GLA).

Mission: To help local authorities achieve better outcomes from their investments and treasury management activities. Authorised and regulated by the Financial Conduct Authority to facilitate sharing expertise with the public sector.

Purpose of the role

The Greater London Authority operates one of the largest public‑sector treasury functions in Europe. The Senior Associate, Treasury Solutions leads on providing consultancy and solutions to shared-service participants, creating and maintaining detailed financial models, analysing asset and liability risks, and designing and executing relevant transactions. Advanced financial modelling and a deep understanding of complex financial contracts are essential.

Key Responsibilities

• Support the Deputy Director, Treasury Shared Service and the Chief Executive Officer in delivering world‑class, customer‑focused treasury services to the GLA and its partners.
• Identify and explain potential solutions to enable the delivery of capital priorities on or off‑balance sheet, including detailed cost/benefit and risk analysis.
• Act as the principal point of financial advice to senior management across the shared service for the development of financing strategies, maintaining an extensive network of market contacts and relationships to identify new products, opportunities and risks.
• Develop and maintain sophisticated asset and liability models for the GLA and other shared‑service participants, conducting detailed scenario and options appraisals and stress testing.
• Develop liability benchmarks and other risk indicators for each shared‑service participant, and provide detailed quantitative and qualitative commentary on variances and trends.
• Support shared‑service participants in maintaining credit ratings, including analysing the potential rating impact of new projects or borrowing.
• Act as a strategic business partner to each shared‑service participant to ensure their annual strategies and subsequent monitoring are useful and relevant, matching individual requirements while meeting all regulatory requirements.
• With the Treasury Team, hold responsibility for the production of client treasury reporting.
• Lead the development of new and expand the utilisation of existing treasury software systems and oversee client training and onboarding, in collaboration with the Senior Associate, Treasury Operations Manager.
• Work collegiately with analytical and modelling professionals across LTL’s service teams to establish common standards of excellence and best practice, identify systems synergies, and contribute to the professional development and training of colleagues.
• Lead the execution of financing transactions, including procuring and managing external advisors and ensuring the commercial best interests of the firm and shared‑service participants are maximised while the risks of any financial instruments are understood.
• Liaise with the Investment team to ensure participants’ holistic treasury requirements are considered when collective investment strategy is formed, and ensure the implications of investment risk are considered when conducting stress tests.

Role Specific Requirements

• A professional qualification in a relevant discipline (e.g. accountancy, CFA, ACT).
• High level of financial literacy with the ability to analyse balance sheets and work with discounted cash flows, ideally with practical project finance experience.
• Demonstrable experience of working with complex contracts and understanding applicable legislation and regulation.
• Advanced Excel skills, ideally coding experience and knowledge of stochastic modelling and stress testing techniques in Excel, MATLAB or similar software packages.
• Knowledge of debt capital markets and credit rating methodology.
• Awareness of asset and liability risk management, including hedging techniques.

General Requirements – Senior Associates

• Organisational Leadership: Demonstrable ability to lead and hold accountability, represent the organisation at board/committee and senior official level. Work effectively with team members, delivery groups, executive committees, external partners and stakeholders. Maintain understanding of overall strategy, proactively seek to support and advance organisational goals.
• Stakeholders: Understand principal stakeholders for the business area and demonstrate the value added of LTL’s services within that area. Client‑facing: demonstrate an approach and mindset that reflects an understanding of key client needs and expectations.
• Resource Management: Effectively utilise resources to support overall business objectives. Be flexible and manage change, quickly responding to competing or changing priorities and deadlines.
• Risk Management: Take ownership of the risk management strategy for the organisation, demonstrate a detailed understanding of risks associated with the business area, and identify, recommend and implement appropriate controls and mitigations with support from the CRO. Adhere to LTL’s compliance manual, internal policies and other regulatory requirements, taking accountability for the same across the business area.
• Technical Competence: Demonstrate a detailed understanding of the business area alongside knowledge of the wider organisational structure and activities of LTL, and be able to deputise for the head of team. Commit to continuous professional development, including undertaking training and development as required by the firm from time to time.
• Team Leadership: Show proactiveness and value added through independent judgement, seeking guidance when appropriate. Be solution‑focused, proactively contributing ideas and finding effective ways to progress work and deliver objectives. Demonstrate experience of and willingness to mentor junior colleagues to support their development and contribute to team resilience. Support the head of team as required in leadership of the team.
• Internal/External Communication Skills: Highly effective written and oral communication style, with proven ability to draft board‑level reports, complex strategic advice, decision recommendations and internal guidance. Presentation skills: Ability to communicate with clarity, empathy and effectiveness to internal and external stakeholders, articulating the vision, values and goals for their business area and the wider company.

Interview & Assessment Schedule

• Testing Date: Week commencing 13 July 2026
• Interview Date: Tuesday 21 July 2026
• Closing Date: Monday 6 July 2026 at 12noon

All applicants must have the legal right to work in the UK.