Treasury Manager

Why we're hiring:

The Global Treasury team at WPP are on a transformation journey, with a vision to further enhance the Treasury landscape with the use of technology, process efficiency and automation. This is an opportunity for an experienced Treasury Manager with international experience to join the team to support us in enhancing front office processes, leveraging our treasury management system for further efficiencies, integrating new platforms and automation to drive forward our vision and best in class ambitions.

What you'll be doing:

As an experienced Treasury Manager with a broad range of front office and cash management expertise within listed, international Treasury environment you will be familiar with much of the vision we seek to deliver.  

This role offers an opportunity to support a dynamic business with day to day needs, get involved with several projects, whilst building experience within a fully active Treasury function with a magnitude of responsibilities that reach far and wide.

The role will be based in our London Office and forms part of a truly global and ambitious team looking to drive change, integrate strategies, enhanced liquidity and working capital and support the business.

Key responsibilities:

FX & Cash Management

• Champion best-in-class cash management practices across regions.
• Identify and coordinate cash pool structure efficiencies.
• Support enhancements/ integration projects.
• Maintain bank relationships and support RFP / rationalisation where necessary.
• Enforce Treasury Policy by proactive engagement with operating companies (OpCos) across regions, knowledge sharing and promoting. best practice approach to FX risk management lead from HQ.
• Proactively challenge FX exposures and support p/l reporting and analysis.
• Adhoc trading support of front office - FX, SWAPS, MMF, MML, MMD and IRS.

Cash Extraction & Repatriation

• Drive surplus cash repatriation, dividend repatriation when able and interco lending to centre.
• Lead accurate record keeping of the global dividend extraction initiative, deliverable to Treasury Committee.
• Address regional - specific challenges e.g Knowledge sharing / FX – best practices and adoption of FX risk management policy.
• Lead engagement with operating entities, maintaining regular dialogue and guidance for further global cash management and banking. efficiencies, especially in complex jurisdictions (e.g. MEA and LATAM) where local regulatory framework needs consideration.

Bank Management

• Manage pan regional bank relationships.
• Review of daily cash management processes for best-in-class approach.
• Complete South Africa cash pool deployment to conclude central visibility reporting.
• Adhoc support of other regional treasury centres as and when necessary.
• Drive preferred core bank network for operational excellence – enhancing visibility, connectivity to the TMS, and automation opportunities to contribute positively drive interest savings.
• Address KYC, and Opco compliance with Treasury Policy, providing regular engagement, teach ins and guidance as treasury policies evolve.

Guarantees and Working Capital

• Control issuance and line reporting and utilisation for trade related guarantee issuance e.g tender bonds / performance guarantees, prevalent in MEA region, support approvals in line with policy. Support future needs and as banking or business needs evolve.
• Support central treasury enhancements, including the consideration of pan regional / global trade lines, as driven by Treasury and business needs.

Project Support

• Assist with ongoing initiatives to deploy technology to improve treasury operations and cash visibility.
• Support Transformation agenda including in-house bank (IHB) construct, script testing and go live.
• Support global treasury tasks such as annual and semi-annual audit requirements and projects led by Auditor recommendation and operational excellence.

What you'll need:

• Strong Treasury background in a corporate Treasury or similar (ACT or MCT qualifications an advantage).
• Proven track record and demonstrative experience within a larger corporate / listed organisation responsible for Front Office Treasury Management.
• Experience with TMS Provider ION, preferably IT2 and Swift.
• Subject matter expert in Treasury systems, Treasury connectivity landscape and optimisation of processes for today and the future.
• Prior experience with TMS implementations and/ or upgrades.
• Strong interest in automation and process efficiency.
• Strong organization, strategic thinking and interpersonal skills.
• Strong attention to detail and accuracy.
• Ability to manage multiple work streams and prioritise tasks effectively.
• Excellent communication skills for regular interaction with Regional Treasurers and their teams across UK, EMEA, USA, LATAM, and APAC.

Who you are:

You're open: We are inclusive and collaborative; we encourage the free exchange of ideas; we respect and celebrate diverse views. We are open-minded: to new ideas, new partnerships, new ways of working.

You're optimistic: We believe in the power of creativity, technology and talent to create brighter futures or our people, our clients and our communities. We approach all that we do with conviction: to try the new and to seek the unexpected.

You're extraordinary: we are stronger together: through collaboration we achieve the amazing. We are creative leaders and pioneers of our industry; we provide extraordinary every day.

 

What we'll give you:

Passionate, inspired people – We aim to create a culture in which people can do extraordinary work.

Scale and opportunity – We offer the opportunity to create, influence and complete projects at a scale that is unparalleled in the industry.

Challenging and stimulating work – Unique work and the opportunity to join a group of creative problem solvers. Are you up for the challenge?

#LI-Onsite