Senior Manager-Treasury Compliance & Control

Job Description

Overview of the roleSenior Manager ? GRCT shall assist The Head ? GRCT in establishing and monitoring governance and compliance norms pertaining to Al Futtaim Group?s Treasury function and undertake transformation projects.In conjunction with the other functions within the Global Treasury Centre, the Senior Manager- GRCT shall work with Head ? GRCT for supporting the below strategic activities:

• Manage all aspects of Treasury governance including Treasury Policies, SOPs, SLAs, DOAs, RACIs and operating models. Work with other functions within Global Treasury Centre (GTC), Treasury Back Office Tower (TBOT) and divisions to develop, communicate and ensure compliances of all governance related matters.
• Identify transformation initiatives and improve Treasury Systems and enhance controls by standardization, automation, and adoption of best practices. Increase Treasury footprints to various geographies by rolling out Treasury Management System (TMS) and support key treasury projects such as Cash Pooling, SWIFT implementation, Inhouse cash and Group AI initiatives.
• Manage all aspects of treasury compliance as a treasury point of contact for all internal and external audit support. Assist in ensuring compliance of all treasury / banking related regulatory requirements.
• Play a key role in supporting Global Treasury Reporting, Treasury Accounting, Treasury P/L, balance sheet and related costs.
• Play a key role in reviewing treasury operations, processes, and acquisition of new treasury activities.

What you will doStrategy and Policy

• Support the Development of group wide Treasury Policies covering all functional areas under Treasury?s remit.
• Review financial risk management strategies and policy amendments proposed by treasury functional heads and provide feedback on their potential impact on group?s risk profile and financial performance.
• Continuously monitor the compliance of Global Treasury Policies and raise early warning signals where there are breaches of any policies.

Governance and Control

• Develop and monitor SOPs, SLAs, DOAs, RACIs and operating models to govern best in class treasury functions in coordination with GTC front office functions, divisions, and business units.
• Review of existing and amendments to banking delegation of authorities (DOA) and bank account administration.

Compliance:

• Ensure compliance with Policies, SOPs, SLAs, and RACIs agreed with divisions.
• Maintain governance of internal meetings with Group CFO, Group Treasurer and Divisional Finance teams.
• Function as the key treasury point of contact for internal and external audit support and coordinate with Treasury functions to ensure audit requirements are complied.

Treasury Transformation:

• Support the Group Treasury transformation initiatives for standardization and automation of systems and processes.
• Provide project management support in key treasury initiatives such as cash Pooling, Swift implementation, Central Funding, Inhouse cash and group AI initiatives.
• Liaison with Group IT team for alignment with overall transformation objectives and related projects.
• Review of existing treasury operations and processes and ensure acquisition of new treasury activities.

Financial Risk Management and Reporting:

• Support, analyse and provide timely Global Treasury Reporting to AFG Senior Management for all treasury exposures such as Counterparty risks, internal and external debt exposures, Cash, Forex exposures, interest income and cost.
• Develop monthly / quarterly management reports and dashboards for treasury reporting.
• Review Treasury P/L, Treasury Balance sheet and related costs

Keyskills :