Lead the treasury and cash management capability that ensures Northern LGPS has the liquidity, controls and operational execution needed to support its investment activity. Northern LGPS is entering an important period of development, creating an FCA authorised investment management company and establishing the leadership, governance and operating capabilities required for the future. As Manager - Treasury strengthening governance and creating a clear operating model to support long-term investment outcomes. For those joining at this stage, the opportunity is exceptional. These roles offer the chance to shape strategy, set standards and build leadership capability for the long term, working closely with the partner funds, who are both shareholders and clients, Boards and regulators to ensure Northern LGPS continues to evolve as a well-governed, resilient investment organisation. Our culture As Northern LGPS continues to evolve, we are building a collaborative, open and trusting organisation where people can do their best work. We believe strong outcomes come from working together, sharing knowledge and supporting one another. Our flexible and hybrid working arrangements give colleagues greater flexibility in how they manage their time, while supporting collaboration and colleague wellbeing. We are developing a supportive learning culture where people are encouraged to grow, contribute ideas and help shape how the organisation works. Our ambition is to build a resilient and sustainable organisation that delivers for its Partner Funds over the long term. The main responsibilities of this role Reporting to the Head of Investment Operations, you’ll lead Northern’s treasury and cash operations, maintaining a clear separation between investment decisions and instructions and the validation, execution and control provided by your function. You will: Own portfolio-level cash forecasting by fund and currency, alongside Northern LGPS’s consolidated cash and liquidity forecast. Measure and back-test forecast accuracy, reporting variances against defined thresholds and continually strengthening the quality of cash forecasting. Monitor liquidity against approved policy limits, escalating utilisation and breaches where required. Bring together cash flow information from settlement, income, capital activity and fees to provide a clear view of current and future liquidity. Provide timely cash, liquidity and forecast information to the investment function to support funding and disinvestment decisions. Receive and validate funding, disinvestment and liquidity instructions against available liquidity, market cut-offs and settlement constraints, maintaining an auditable record throughout. Lead the execution and control of cash movements and transfers, including payment initiation within delegated authority, dual authorisation of outbound payments and independent callback verification for new and amended payee details. Oversee custodian cash instructions and settlement funding, daily cash positions, second-person sign-off, sweeping, overdraft management and payment exception resolution. Own Northern’s bank account structure, mandates, signatory lists and system access permissions, maintaining appropriate change controls and reviews. Monitor bank and counterparty cash exposures against approved limits and escalating breaches appropriately, while also reviewing bank fees and interest. Oversee foreign exchange execution against investment instructions, including confirmation, settlement and the operational management of hedge rolls and resets. Manage initial and variation margin, eligible collateral schedules, substitutions, disputes and reconciliations with counterparties and the custodian. Lead the operational execution of private markets funding, including capital calls, receipt and application of distributions and drawdown planning against outstanding commitments. Maintain robust procedures and first-line controls across Treasury
Treasury & Cash Management Manager employer: Northern LGPS
Northern LGPS is an exceptional employer, offering a unique opportunity to shape the compliance and economic crime framework for a new FCA authorised investment management company. With a strong focus on collaboration, flexibility, and professional development, employees are encouraged to thrive in a supportive culture that values integrity and innovation. Located in vibrant cities like Bradford, Manchester, and Liverpool, Northern LGPS provides a dynamic work environment where you can make a meaningful impact on the future of investment management.
