Head of Treasury & Middle Office
The Vice President, Finance is a highly experienced and strategic individual. Leading our Treasury and Middle Office operations. Requiring a strong background in liquidity management, banking operations, and financial instruments. This role is crucial in ensuring the efficiency, accuracy, and stability of our financial operations and reports to our SVP, Fund CFO.
RESPONSIBILITIES:
Oversee the restructuring of the Treasury Operations and Middle Office functions within Finance.
Manage the combined team and resources going forward.
Introduce improvements to processes and use of technology.
Develop and train the team.
Work effectively with other parts of the Finance Organization.
Treasury Operations:
Bank Setup & Management: Oversee the establishment and maintenance of banking accounts, ensuring compliance with internal policies and regulatory requirements.
Banking Relationships: Develop and maintain strong relationships with banking partners to optimize service levels, negotiate terms, and manage costs.
Liquidity Management: Manage the funds and firm’s liquidity strategy, ensuring optimal use of cash resources and maintaining sufficient liquidity levels to meet the firm's obligations.
Wire Transfers: Supervise the wire transfer process, ensuring secure and efficient execution of bank wires.
Bank Reconciliation: Oversee the reconciliation of all bank accounts to ensure accuracy and timely reporting.
Cash Forecasting: Lead the development and continuous improvement of cash forecasting models to predict short- and long-term cash flows.
Cash Management Dashboard: Design and implement a cash management dashboard to monitor liquidity and optimize cash usage.
Middle Office Operations:
Counterparty Agreements: Oversee the negotiation, execution, and management of ISDA, MSFTA, FCM, PB and MRA agreements with counterparties.
Counterparty Management: Manage and maintain relationships with counterparties, ensuring adherence to contractual obligations and mitigating counterparty risk. Manage counterparty risk reporting framework.
Contract Setup: Supervise the setup and management of contracts related to trading activities.
Trading Lifecycle Management: Oversee the entire trading lifecycle, from trade booking and execution to settlement, ensuring accuracy and compliance.
Trade Support: Provide comprehensive support for trade booking, hedging, and securities management.
Position Reconciliation: Ensure accurate and timely reconciliation of trading positions, identifying and resolving discrepancies.
Margin Management & Collateral Calls: Manage margin requirements and collateral calls, ensuring compliance with regulatory requirements and counterparty agreements. Manage various regulatory initiatives including ISDA protocol adherences and uncleared margin rules
TBA, RBMS, and Rate Products Management: Oversee the management of TBAs, RMBS, and other rate products, ensuring alignment with the firm's investment strategy.
Financial Instruments Oversight: Maintain a deep understanding of financial instruments, including derivatives, fixed income, and other asset classes, to support informed decision-making.
OMS Oversight: Ensure the effective operation and oversight of the firm's OMS, including system upgrades, troubleshooting, and integration with other systems.
General:
Maintain policies and procedures that impose an adequate level of control over treasury and middle office/operations activities
Oversee strategic system implementations and process transformation
Assist with new fund launches and all related treasury and middle office set up and counterparty onboarding
Qualifications:
Bachelor’s degree in Finance, Accounting or a related field.
Advanced degree (MBA) is preferred.
Minimum of 12-15 years of experience in finance, with a strong focus on treasury and middle office functions within an asset management or a Fund.