Manager, Corporate Treasury in City of London

Corporate Treasury is part of the Finance division of the Bank and responsible for Asset Liability Management (ALM), Liquidity Management and Funds Transfer Pricing (FTP). ALM and balance sheet forecasting is key to the Bank's future planning and strategy, and Corporate Treasury manages this through a proactive and coordinated approach. On a day-to-day basis, the team ensures that the Bank's liquidity and funding positions are actively and efficiently managed and remain within risk appetite statement limits. Corporate Treasury owns the Bank's methodologies for FTP and is mandated to ensure that liquidity risk is correctly and transparently recharged to the business. Corporate Treasury is responsible for managing their P&L, which requires the team to be heavily engaged in the setting of Bank-wide strategy and budgeting. The breadth of Corporate Treasury's responsibilities results in interaction with a wide range of stakeholders, particularly the front office business heads and executive members of the ALCO. As a key knowledge centre within the Bank, Corporate Treasury is actively involved in translating the impact of new funding and liquidity regulation on the Bank's business model and product pricing.

What you’ll be doing:

• Supporting the Head of Corporate Treasury in funding and liquidity management and Treasury P&L.
• Management of 1 direct report and close collaboration with both front office and other areas within Finance and Risk.
• Review of business funding utilisation, investigating any movements which have not been preadvised.
• Regular review and monitoring of liquidity forecasts (ILG, IST, NSFR & internal metrics), working closely with the desks to understand future funding requirements based on their anticipated asset pipeline.
• Recommend actions to increase/decrease liquidity surplus where appropriate, ensuring that forecast surpluses remain within target range.
• Understanding, maintaining and enhancing forecasting models.
• Production of management information detailing the forecast liquidity position of the bank.
• Daily review of Treasury P&L with escalation of any significant deviations in P&L run rate.
• Close collaboration with Product Control, Operations and Treasury Markets to resolve ad hoc issues affecting P&L reporting.
• Creating and updating funding cost models to frequently and accurately reallocate the cost of funding.
• Funding gap analysis to assist senior management in understanding IRRBB.
• Ensure that trading books are charged appropriately for the cost of creating liquidity risk by running the Contingent Liability Charge (CLC) reallocation process.
• Assist in the production of management information that articulates the key drivers of the budget to senior management/ALCO.
• Establishing a strong process and control framework to ensure that the areas of accountability listed above are completed accurately, efficiently and on time.
• Identifying areas in the procedures which can be improved to provide time savings and/or an enhanced control environment.
• Work closely with colleagues on projects to re-engineer systems and processes and prepare for changes in regulations.

What you’ll need to be successful:

• Experience working within Treasury/ALM/Liquidity Risk and engaging with stakeholders including the front office, finance and risk.
• Knowledge in one or more of the following: FTP, NSFR, Liquidity management (LCR, Stress Testing), Budgeting / Funding Planning.
• Strong financial product knowledge including an understanding of the liquidity and interest rate risk characteristics of these products, their control environment and their accounting treatment.
• Professional qualification (ACA, CIMA, ACCA, ACT, CFA or similar) preferred but not essential.

Why should you join us?

ICBC Standard Bank Plc (ICBCS) is a leading financial markets and commodities bank, driven to deliver the right outcomes for our stakeholders, clients, counterparties and markets. We benefit from a unique Chinese and African parentage and an unrivalled global network and expertise. We’re headquartered in London, with operations in Shanghai, Singapore and New York. We’re a diverse and close-knit global team. We put people first, giving talented, self-driven professionals the flexibility, rewards and freedom to grow their expertise and realise their potential. Our vision statement, "Be Yourself, Succeed Together" underpins our drive for an open and transparent culture which values difference, enabling everyone to thrive whilst being themselves. We have an active E, D&I forum and we’re growing other employee network groups, including for women and neurodiversity. We’re committed to the principle of equal opportunities. All applicants will be treated equally and will be considered on their merits and skills without discrimination.

What’s in it for you?

• Financial market-based pay based on skills and experience, discretionary annual bonus, pension contribution 10% (employee contribution 5%), travel insurance, life assurance and income replacement insurance.
• Hybrid working - the option to work remotely up to two days per week, depending on the role.
• Family - 6 months fully paid maternity leave and enhanced shared parental leave.
• Wellbeing - private medical insurance, Bike2Work scheme, health and fitness subsidy, holiday exchange and an Employee Assistance Programme.
• Community - paid volunteering leave and Give As You Earn scheme.
• Development - a suite of opportunities to build the skills you need to excel in your role.

If you’re excited about becoming part of our team, get in touch. We’d love to hear from you!