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The Country Treasurer is responsible for the day-to-day management of assets and liabilities (the balance sheet) for the OpCo and managing and monitoring material changes in the balance sheet structures.
GENERAL PURPOSE OF ROLE
The Country Treasurer is responsible for the day-to-day management of assets and liabilities (the balance sheet) for the OpCo and managing and monitoring material changes in the balance sheet structures. The incumbent drives optimal liquidity management of local and hard currencies in accordance with the Bank’s strategic direction and stated risk appetite and has daily oversight of adherence to all applicable regulatory limits and requirements related to liquidity and Treasury activities. The Treasurer oversees the management of FX exposures within regulatory and management limits, ensures compliance with all internal risk measures and limits, including DVO1, FX and structural exposures and manages local currency investment exposures within assigned Treasury sovereign lines. The Treasurer collaborates with the Treasury Reporting team on the preparation of all management reports, e.g. Board, ALCO, FTP, Income to plan. The incumbent is responsible for driving Treasury attainment of income targets and leading analysis of variances in Treasury income and expense lines; escalating to the Director, Treasury as required. Piloting timely and insightful project delivery and reviews within Treasury is a key charge. The incumbent has representational functionality for Treasury at Country Management Committee (CMC) and OpCo Business Performance meetings, and acts as an alternate for the Director, Treasury.
KEY ACCOUNTABILITIES
Balance Sheet Management
Supports Director, Treasury with tactical balance sheet management
Establishes annual funding and liquidity plan
Leads annual preparation of the contingency funding plan, performing regular testing of incremental actions
Defines an appropriate funding strategy commensurate with the underlying asset liquidity
Works with customer and product groups to develop core funding and demonstrate asset liquidity
Maintains access and dialogue with local money and capital markets
Monitors and communicates any material changes in balance sheet structure to the Director, Treasury
Performs metric analysis and deliver key reviews.
Contributes to Board and ALCO reviews
Liquidity
Maintains sufficient asset liquidity to meet all maturing obligations in a timely manner
Ensures effective daily processes surrounding end-of-day settlement and cash-flow management
Supports balance sheet structure through timely actions to support key ratios and operate within approved limited at all times.
Product Support
Works with risk management, product and customer groups to develop and assess products
Collaborates with Director, Treasury to support business segments with risk appropriate and competitive pricing on client lending facilities
Ensures local and foreign currency client funding is dynamically reflective of current market conditions and business strategies
Proactively identifies the need for new products.
Leads local currency product review and pricing recommendations.
Market Risks and Credit Risks
Ensures FX positions are maintained within limits
Ensures all market risks, including liquidity, yield curve, basis, convexity, and currency risks are identified and managed within approved limits.
Collaborates with risk management, product and customer groups to:
identify balance sheet risks
ensure the risks are correctly priced
ensure all hedgeable risks are appropriately transfer priced to treasury
ensure any residual risk is correctly identified, captured and reported
Daily management of exposures within assigned credit risk limits.
Regulatory Conformity and Governance
Ensures compliance with all applicable regulatory requirements and commitments including FirstCaribbean policies and practices and all accounting standards and requirements
Ensures execution of Treasury duties results in Satisfactory KCARS ratings
Reviews and renew Service Level Agreements.
Treasury Performance
Interfaces with Director, Treasury and local Finance teams for defining appropriate fiscal plans and budget setting for the unit
Supports Director, Treasury in review and management of financial budgets
Analyses variances in expense income and expense lines
Publishes monthly assessments of income vs. plan, analysing the income statement for the unit against target financial plans
Identifies incremental actions for achieving performance targets
Project Delivery and Operational Infrastructure
Manages to successful completion, business projects and process improvement initiatives
Performs continual assessments of current processes, delivering recommendations for achieving synergies in daily processes
Participates in regional Treasury deliverables and projects.
EXPERIENCE REQUIRED
Proficient understanding of local markets, competition, geographic, macro-economic and global factors impacting Treasury activities.
Degree holder (or significant work experience) with minimum of 3 years’ direct Treasury experience.
Proven experience in relationship management, especially with regulators and customers.
KNOWLEDGE REQUIRED
Thorough knowledge of Treasury Sales & Trading, Finance and related functions.
Thorough knowledge of regulatory requirements
Asset & Liability Management
Proven contingency funding planning and scenario analysis capabilities
Managing operational budgets and variance analysis
Highly adept in Microsoft Office and Acumen
SKILLS REQUIRED
Strategic, business and financial planning skills.
Exceptional analytical, forecasting, problem solving and investigative skills.
Adept in applying methodical approach to coordinating and organizing workload
Exceptional communication and presentation skills.
Strong interpersonal skills and ability to develop rapport with Senior Management
Business negotiation and influencing skills
Identifying, tracking, and forecasting business trends
Highly capable of completing multiple projects in an intense and dynamic environment
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Country Treasurer, Trinidad
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