Group Treasury Director, London

HH Global are the leader in tech-enabled creative production and procurement. We amplify marketing campaigns through unrivaled production, procurement leadership and the most advanced sustainability capabilities available. All delivered at scale through industry-leading technology and the passionate expertise of our people. With more than 4,500 colleagues, 26 creative studios and over 5,800 strategic supplier partners across 64 countries, we work with the best talent across the world to partner with our clients to create big impact through big ideas.

Purpose of the Job

Our Group Treasury Director is responsible for leading and managing all aspects of the Group’s Treasury function and operations including external funding, core banking relationships, treasury risk management and short-term liquidity requirements of the Group’s subsidiaries. Reporting into the Head of Group Finance, and with significant exposure to the Group CFO and other members of the Group Management Board and Finance Leadership Team, the role requires a strong leader who will balance oversight of the short-term operational activity of the function with thinking and acting with a strategic, long-term approach to Treasury within the organization. This role operates on a blended basis between the HH Global office in Bishopsgate and home as necessary. Some infrequent international travel may be required.

Key Responsibilities

• Strategic Functional Leadership
  • Strategic management of the Group’s overall Treasury agenda
  • Ongoing development and implementation of a set of comprehensive treasury policies, procedures, and internal controls aligned with business objectives globally
  • Prepare and present strategic treasury analyses and recommendations to senior leadership
  • Negotiate competitive renewal terms for the Group’s banking services and fees for new accounts
  • Ensure timely, accurate & relevant reporting to investors and lenders, including a weekly global cash report and monthly cashflow forecast - drive continuous improvement in the quality and efficiency of this regular reporting activity
• Global Cash & Liquidity Management
  • Overall responsibility for all areas of cash management within the Group, including ensuring the short-term liquidity needs of the business are met in an optimal manner
  • Manage the Group’s Revolving Credit Facility (RCF) and Supply Chain Financing (SCF) arrangements
  • Ownership and ongoing development of the group’s weekly cash flow forecasting process, the Global Cash Report and the monitoring of cash balances against benchmark levels for each country
  • Work with Group Tax colleagues to ensure appropriate and optimized positions in the Group with regard to intercompany loan and equity balances
  • Oversight of, and where appropriate extension of, the Group’s cash pool arrangements
  • Support for acquisitions and other corporate deals to arrange the financing and subsequent integration of the acquiree’s treasury activities into the group’s operating model
• Funding & Capital Structure
  • Manage and monitor the Group’s long-term external debt and related covenant reporting
  • Lead financing activities between the Group, its investors and banking partners including debt issuance, refinancing and negotiating credit facilities
  • Maintain a capital structure for the Group that balances business needs with financial flexibility and cost-effectiveness
  • Monitoring of the Group’s intercompany loan balances, obligor / non-obligor internal lending and reporting obligations
  • Working with Finance to develop the intercompany settlement processes across APAC / LATAM which are outside the Group’s netting
  • Support working capital optimization across the business eg through the use of the Group’s Supply Chain Financing arrangements
• Banking Relationships & Account Management
  • Maintain and develop strategic relationships with the Group’s core banking partners
  • Manage and control bank portal user management for core banks ensuring robust controls are in place to mitigate risks relating to unauthorized bank access or activity. Monitor controls where access is not centrally controlled
  • Manage the Group Treasury register of banks (30+) and accounts (300+) and the on-going action to manage them
  • Monitor the group’s bank payments activity with Finance and work with our core banks to reduce bank fees
  • Oversee the direct management of EMEA credit cards and maintain the Group’s Global Credit Card Policy
  • Lead the ongoing program of rationalizing our external banking partners across the global organization, driving through change whilst being sensitive to local business requirements and regulations
  • Oversee current activities in relation to short-term FX trading for local cash requirements
  • Explore opportunities for notional cash pooling activities to reduce Balance Sheet FX exposure of the Group
  • Investigate the potential benefits of hedging trading cash flows across different geographies within the Group, developing and executing hedging strategies and policies as necessary
• Team Leadership & Other Tasks
  • Lead, manage and develop the Group Treasury function, both a small direct team and the individuals within the wider Finance team who have cash-related responsibilities
  • Ensure a robust control environment is in operation across the Group in relation to Treasury activities
  • Support ongoing documentation of Group Treasury policies and procedures
  • Investigate opportunities with Finance to integrate our banking platforms, General Ledgers and other systems for straight-through payments and collections processing
  • Investigate with Finance, IT and other relevant partners the need for further Business Intelligence and PowerBI tools to assist with financial processes and working capital management and across the Group
  • Assess and continually monitor the requirements of the Group as regards a Treasury Management System
  • Supporting other ad-hoc functional projects & tasks e.g. provision of appropriate discount rates for capitalised lease accounting, assisting external auditors with the collection of year-end audit bank letters etc
  • Engaging with Group Finance, Group Tax, Financial Systems, Legal & Internal Audit teams as required

Knowledge, Skills + Experience

• Significant experience in senior treasury roles within large global organizations
• Demonstrable experience of leading and developing high-performing treasury functions
• Bachelor's degree in Finance, Accounting, Economics or a related field
• Relevant Treasury and / or Accounting post-graduate qualification(s) - ACT / CPT / ACA or similar
• Extensive knowledge and experience of global treasury operations, international capital markets and cross-border financial risk management
• In-depth understanding of banking regulations and financial compliance requirements across key markets
• Advanced analytical skills with ability to translate complex financial data into actionable insights
• In-depth knowledge of FX markets, hedging strategies and currency risk management
• Experience with treasury management systems and financial reporting tools
• Ability to operate in a private equity-based, entrepreneurial organization, demonstrating the ability to work with ambiguity and showing adaptability in a fast-paced environment
• An ability to think at the macro / strategic level whilst also being able to operate within the significant day-to-day detail of a Treasury function
• Exceptional communication skills, both written and verbal
• Demonstrated experience collaborating with C-suite executives and board members
• Ability to foster strong working relationships across a geographically and culturally diverse set of stakeholders
• Ability to work under pressure and remain calm
• Proactive and positive approach to work, self-motivated and enthusiastic