Treasury Associate

In this newly created hire, the incoming Treasury Associate will assist the Treasury Manager in implementing the wider Cash Management and Treasury strategy.

Key Priorities

• Support the maintenance of a comprehensive knowledge base for Treasury operations, documenting best practices and specialized processes to assist the team with complex operational matters.
• Stay informed about industry regulations and best practices in the custodian sector, assisting in the identification and analysis of process improvements.
• Contribute to improving the efficiency of Treasury operations by supporting process enhancements, automation initiatives, and technological advancements.
• Assist in daily cash positioning and short-term liquidity forecasting to ensure accurate financial management and timely settlement of client transactions.
• Help manage the client payment process, ensuring payments are processed accurately and on time, while maintaining controls to minimize errors and delays.
• Support the identification and reporting of operational and financial risks within Treasury functions, contributing to the development of strategies to mitigate such risks.
• Assist with managing collateral and liquidity management processes to ensure compliance with internal policies and external regulations.
• Participate in training activities, staying up to date with industry best practices and regulatory changes to help maintain operational excellence.
• Assist in maintaining relationships with external parties such as clients, auditors, counterparties, and banking providers, ensuring compliance with regulatory requirements.

Required Skills & Experience

• A basic understanding of Treasury operations, including cash management, liquidity forecasting, and securities lending.
• Familiarity with industry regulations and best practices in financial services.
• Strong attention to detail and ability to accurately process financial transactions.
• Strong organisational and time-management skills, with the ability to manage multiple tasks and meet deadlines.
• A proactive and eager approach to learning and development within Treasury operations.
• Proficiency with relevant financial systems and software tools is an advantage.
• Excellent communication skills, both written and verbal, with the ability to work effectively within a team and with external stakeholders.
• A positive attitude towards problem-solving and process improvement.
• Relevant industry qualifications (e.g., CISI, IOC, or equivalent) are desirable but not essential.

Company Benefits

• Competitive salary plus discretionary annual bonus & annual pay review.
• Work Abroad Policy for up to 15 days per year.
• 25 days holiday plus bank holidays and additional well-being day.
• Option to purchase an additional 5 days holiday per year.
• Flexible working options available, including hybrid working.
• Pension scheme up to 10% employer contribution.
• Income Protection & Life insurance (4 x salary core level of cover).
• Employee Assistance Programme.
• Discounted Gym Membership.
• Variety of travel to work schemes.

Company benefits are provided on completion of either six months service, or a successful probation period whichever is sooner. Entitlement outlined above is in respect of full-time entitlement, and will be provided to part-time workers on a prorate basis in accordance with the relevant scheme rules. All benefits are subject to rules of the scheme and associated provider. The Company in its sole and absolute discretion reserves the right to discontinue, vary or amend any of the aforementioned benefits. At Close Brothers we look to recruit individuals from all different backgrounds and encourage you to apply even if you don’t tick every box. We celebrate diversity, promote inclusivity and are open to discuss flexible work options to help you balance your work and home life.