Head of Corporate Treasury US Bank in Stamford

• The role is Treasurer of the newly created Bank in the US. The role will be running the day-to-day Treasury activities of the Bank with a focus on managing the liquidity and working capital of the Bank, as well as supporting the Global Treasurer with setting and adhering to a policy framework and risk appetite.
• As the bank grows the Treasurer will need to work with the business units on the allocation and pricing of liquidity to support growth in a prudent and sustainable manner.
• The role requires someone with experience in (a) managing treasury balance sheet risks for a regulated bank, (b) improving and owning end-to-end Treasury control framework, and (c) leading MI and reporting agenda from a data, systems, and automation perspective.
• The candidate will balance hands-on, detailed activity with engagement with senior stakeholders in the US and managing external stakeholders. Whilst the role is focused on the US Banking entity, the candidate will report to the Global Treasurer in London and be part of the wider Treasury team managing all global Group businesses.

Key responsibilities

• Liquidity and Working Capital Management:
  • Develop and manage liquidity strategies to support the bank's operational needs and regulatory requirements.
  • Monitor cash flow, optimize working capital, and ensure adequate funding for all bank activities. This will include managing the operational of certain bank accounts.
  • Responsible for inter-company transactions between US Bank and the overall group.
  • Design and implement contingency funding plans.
• Stakeholder and Relationship Management:
  • Serve as the primary point of contact for the Federal Reserve and other U.S.-based financial institutions.
  • Maintain strong relationships with third-party banks and payment providers.
• Risk Monitoring and Reporting:
  • Oversee treasury-related risk metrics, including interest rate, currency, and capital risks.
  • Prepare and deliver comprehensive risk reports for local senior management and the Global Treasurer.
  • Ensure compliance with all local and global regulatory requirements.
• Pricing of Deposit Products:
  • Provide financial insights and support the development of competitive deposit pricing strategies.
  • Collaborate with the product and finance teams to ensure alignment with profitability goals.
• Regulatory and Operational Responsiveness:
  • Respond proactively to the evolving needs of a newly established bank, including regulatory changes and market developments.
  • Drive the implementation of treasury systems and processes to support scalability.
• Stakeholder Engagement and Team Collaboration:
  • Face off with local senior management to ensure alignment with strategic objectives.
  • Act as a liaison between U.S. and the global treasury function.
  • Collaborate closely with the finance department on budgeting, forecasting, and reporting.
• Governance and Controls:
  • Establish and maintain treasury policies, procedures, and controls to meet global and U.S. compliance standards.
  • Ensure proper documentation and audit readiness for all treasury activities
  • Adhere to global Moneycorp governance.

Qualifications

• BSc, BA, or higher. Professional qualifications such as CFA or equivalent are advantageous

Experience

• Treasury management in a regulated bank, including working capital, FX, and interest rate risk management
• Knowledge of bank regulations in treasury prudential risk management is essential.
• Understanding of US bank regulatory framework
• Strong grasp of process treasury design, re-engineering and automation.
• Highly numerate, commercial and comfortable with fast-paced work environment.
• Cash management taking advantage of bank limits and other constructs like sweep, pooling etc.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.