• Permanent, Full time
  • DO Recruitment Advisors
  • 23 Feb 18

Head of Treasury

  • Luxembourg
  • Negotiable
  • Full time

A bank in Luxembourg is looking for a Head of Treasury. The ideal candidate has + 15 years experience in financial services with strong treasury experience, leadership skills and a fluent level in English.

Head of Treasury (m/f)

The Job

·To develop and lead the strategy and business plan of the Treasury Department, implementing best practices and continuous process improvement

·Work with management to build develop and manage the Treasury services and capabilities to ensure appropriate liquidity levels and to enhance the return on branch business activities

·Assume initial responsibility for the business development and for initial plans for foreign exchange and interbank borrowing and lending, as well as money market transactions and investments to be conducted for the account of the Luxembourg subsidiary / branch

·Set the direction strategy and guidelines and maintain responsibility for managing daily cash position liquidity interest rate and currency risk of the subsidiary / branch

·Provide oversight for the daily liquidity forecast and short term investment decisions

·Provide service for the Asset and Liability Management teams to keep in line with the requirements of both the local regulation and rules of the subsidiary / branch

·Daily cash management. Determine the daily liquidity needs and funding transactions / FX trades to cover short term liquidity, monitor interest and FX rates to ensure best return to market

·Direct the daily operations around assets and liabilities management, including the monitoring of liquidity positions to ensure accurate analysis and optimal return on positions
·Provide ongoing supervision and direction regarding foreign exchange, interbank borrowing and lending money market transactions permissible investments and other business activities relating to treasury services to ensure continuous business growth

·Ensure compliance with all department and bank policies and procedures and risk appetite statement

·Maintain and enhance customers and peer financial institutions relationship to promote goodwill and generate new business production

·In addition to partnering effectively with all executives, employees and representatives of the Luxembourg Subsidiary, the Head of Treasury will effectively communicate, coordinate, cooperate and liaise with the Head Office as necessary to ensure alignment to the banks overall Treasury strategies and plans

·Recruit retain and develop high calibre staff within Treasury to ensure there is a pool of talent that improves capacity and capability

The Candidate

·15 year plus progressive finance and treasury experience with at least 5 of these in a senior treasury role.

·Strong knowledge of the treasury operations of a financial institution

·Strong understanding of capital markets, liquidity management, cash management and payment processes.

·Experience with large complex business and legal structures

·Experience in leading a team of professionals and developing talent

·Banking book interest rate management

·Experience in Liquidity management and FX risk management

·Excellent interpersonal and communication skills

The Client

Our client is a leading international commercial bank.