Treasury Manager

Job Purpose: To deliver efficient Banking operations as appropriate for
Emirates Group's volume, complexity, and geographic spread, with a focus on
the following areas: - Mobilise and invest funds at HO & Outstations
profitably and on prudential norms - Exchange Group's substantial foreign
Currency requirements at the most competitive rates - Ensure efficient design
and maintenance of process controls and governance around Banking Operations -
Provide Hedge Solutions across the market risk spectrum of Emirates Group. Job
Accountabilities: - Establish and back test models to effectively assess and
manage hedge strategies to movements in foreign currencies, interest rates and
fuel prices, thereby managing volatility of the Group's profitability as
governed by the Corporate Treasury (CT) Policy. Challenge and validate
quantitative hedge proposal models from banks. - Conduct on-going research of
best practice consumer hedge strategies and products in financial markets and
brief to senior management. Recommend to CT senior management appropriate
strategies on hedging and spot positions and engage them to influence
programme performance to mitigate impact on Group's financial performance. -
Scope and run independently scenario analysis to stress test the companies
hedge portfolio as well as the unhedged exposure components with the aim to
simulate Balance sheet impacts of respective market scenarios. Calculate and
maintain the Groups target Value at Risk (VaR). Track and validate hedge
accuracy of forecasts against actuals. Recommend and drive amendments to the
forecasts and structures to CT senior management. - Being an advanced user of
Bloomberg Terminal, Excel Plugin, you champion its application by maximizing
efficiency gains and analytical insight for the wider Treasury realm of
Emirates Group. - Support CT senior management in conducting ad-hoc
quantitative market risk exposure analysis required as per the prevalent
market situation, which combines financial market and product knowledge with
fundamental macro economical forces. - Conceptualise the monthly, quarterly,
and other periodic MIS and analyses of market insofar as they may affect the
Group's exposure with regards to investment portfolio (HO & Outstations) as
well as FX Spot business to keep all stakeholders informed and facilitate
decision making in the areas of investments and spot conversion. In
particular, provide focus on network-wide cash balances, overseas remittances,
counter party credit risks, repatriation issues, interest income/cost and any
other exceptional developments. - Develop and maintain effective relationships
with all internal and external stakeholders. Internal stakeholders are GL,
Outstations Finance & Risk Management, Accounts Payable, Payroll, Cashiering
and FAMs. External stakeholders are various relationship banks, PwC, Internal
Auditors and Government Auditors. Also provide periodic guidance to Group's
subsidiaries in the areas of currency, investments, cash management and
banking. - Manage Group's investments so as to optimise total returns, within
reasonable and prudent levels of risk. Ensure safety of principal when
investing funds across short, medium and long tenure to meet cash flow needs
and to provide competitive investment returns. Also ensure that efficient cash
planning is put in place to minimise overdraft needs by mobilising funds in a
timely fashion. - The jobholder is required to constantly research the
financial markets and time the Spot business to benefit from volatility and
the market trends. Where Head Office is not directly involved in Spot
conversion business, ensure that Finance and Accounting Managers (FAMs) across
the network have enough guidelines to bid currencies to most competitive
counter party.
Qualifications & Experience: Degree or Honours (‎12+‎3 or equivalent) Qualified
Chartered Accountant or equivalent Experience: ‎8+ yrs Professional experience
in Finance within a large corporation or financial institution. Experience
within commercial treasury departments preferred Knowledge / Skills: -
Negotiation skills to get most profitable deal on investing and FX Spot
conversion - The jobholder is required to maintain productive working
relationships with Banks and Financial Institutions as well as internal
stakeholders. - Timely and independent decision making to benefit from
financial market trends - Attention to detail in order to handle live cash
deals on time, within banking hours and with accuracy - Strong analytical
background. - Experience of dealing with Auditors, knowledge of Treasury
system Quantum SunGard, preferred. Must have skills: - Treasury Risk or Hedge
Advisory Consultancy or Banking Front office hedge advisory experience -
Expertise in financial risk management and trading with passion for
simulations for back testing, quantitative scenario analysis. - Advanced user
of Bloomberg Terminal, Master in Microsoft Excel especially Bloomberg Plugin