Cambridge & Counties Bank Limited
Treasury Dealer
The Company
At Cambridge & Counties Bank we take pride in being recognised as doing things slightly differently to High
Street Banks. We believe our people are our most important asset as they look after our other vital asset … our
customers.
As a unique partnership between two established and respected institutions – Trinity Hall, Cambridge and
Cambridgeshire Local Government Pension Fund, we are banking specialists for small to medium enterprises
(SMEs) within the UK and are dedicated to helping businesses of this type grow, consistently providing quality
services and support.
It is our aim to provide SMEs with responsible business lending, expert knowledge and a safe home for their
money. Our Bank is about ‘Growing Business Together’, and what makes us different is the way we do
business:
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Personal - providing customers with a direct relationship with an experienced person rather
than just being an account number.
Straightforward – simple forms and processes with straightforward, contactable people to
deal with.
Fast – responding quickly to ensure deals are not lost.
Flexible - meeting differing customer requirements with flexible solutions.
The Role
An exciting opportunity has arisen to join the Financial Planning & Analysis team as a Treasury Manager. This
is primarily a Front Office role with responsibility for treasury strategy, instrument dealing, liquidity
management and ALCO representation. You will be required to shape the Treasury function by developing a
robust control framework and will have regular liaison with the Finance, Risk and Banking Operations
teams. The Bank is operated on a simple and straightforward basis and this role provides the opportunity for
breadth and growth as the Bank moves into the next phase of its development.
As an individual you are likely to have already worked in a Financial Services environment and will have an
appreciation of the regulatory environment in which the Bank operates. You will be enthusiastic about taking
on new challenges and will be flexible in your approach.
Package
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Salary band between £35-£45k
Discretionary performance bonus of 10% (maximum) of salary, based on split 50/50 between personal
and company performance.
Annual holiday entitlement of 27 days increasing to 30 days after 3 years plus English public and bank
holidays
Lump Sum Death Benefit based on a multiple of four times’ pensionable salary is provided.
Interest-free Season Ticket Loans
Interest-free loans of up to £3,000 (after qualifying period)
On completion of three months’ service, all members of staff may opt to take a Group Personal
Pension, provided by Royal London, to which (subject to a monthly payment by employees of 3% of
gross salary, the Bank will pay 10% of salary (not bonus) into the Scheme.
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On completion of 12 months’ service Private Medical Insurance cover is available. Cover under the
scheme may be extended to include a spouse/partner and/or children, paid for by the individual
member of staff.
On completion of 12 months’ service Permanent Health Insurance cover is normally available. This
benefit is normally payable after the expiry of twenty six weeks’ absence due to sickness or injury,
and is subject to the terms and conditions of the insurer.
Childcare Vouchers
Cambridge & Counties Bank
Job Description
1.
Job Holder:
TBC
Job Title:
Treasury Dealer/Manager
Responsible To:
Head of Financial Planning and Analysis
Job Purpose
To assess, monitor, plan and manage the liquidity and flow of cash consistent with the Bank’s Policies and
Risk Framework
2.
Principal Accountabilities
2.1.
Report directly to the Head of Financial Planning & Analysis.
2.2.
Manage relations with key market contacts and the provider of CCB’s Treasury Management System
(Manex - Parity).
2.3.
Transact money market deals (within individual mandate levels and the wider policy framework) in order
to deliver the Bank’s cash/liquidity requirements.
2.4.
Transact interest rate swaps (within individual mandate levels and the wider policy framework) in order
to keep the Bank’s interest rate risk exposure within risk appetite levels.
2.5.
Monitor the economic environment and key data. Use this information to produce an economic view for
the Bank and consider the implications on CCB’s future strategy. Also feed market rates into the Bank’s
product pricing models and interest rate scenario and stress testing analyses.
2.6.
Own, maintain and enhance the Front Office processes, procedures and controls.
2.7.
Assume ownership of the front end elements of the Funding for Lending Scheme (FLS), via the drawing,
utilisation, substitution and repayment of Treasury Bills (TBills). Also ensure that CCB has gained
maximum value from the scheme (and its extensions).
2.8.
Ensure that CCB has access to all of the schemes in the Sterling Monetary Framework (SMF) and
arranging test transactions as/when required.
2.9.
Collate the ALCO Pack, in liaison with the Risk and Financial Planning & Analysis areas. Present the
pack at ALCO and make recommendations on appropriate courses of action.
2.10. Understand and manage all aspects of cash flow. This will be achieved by the daily monitoring and
forecasting/modelling of future cash positions, execution of appropriate dealing transactions and liaison
with key parties within the Bank.
2.11. Manage all aspects of in-house investment portfolios and strategies by assessing risk/return trade-offs in
accordance with the bank’s treasury policies and risk appetite.
2.12. Understand and assist with relevant accounting procedures and processes, such as IAS39.
2.13. Take lead role and/or input into key projects, such as swap central clearing, Asset Finance (AF) and
systems enhancements.
2.14. Act as the Bank’s expert on the Parity Treasury Management System (TMS) and ensure that CCB is
deriving value from its capabilities.
2.15. Support the CCB financial planning process.
2.16. Additional duties as directed by the Head of Financial Planning & Analysis.
2.17. Adhere to the Bank’s brand and culture values, ensuring that all accountabilities are undertaken in
accordance with the Bank’s policies and procedures, and good customer outcomes form the basis of
decisions made.
Skills, Knowledge & Experience Required
2.18.
Bachelor’s Degree in Accounting/Finance or relevant experience in a Financial Services environment.
2.19.
Experience in preparing cash forecasts and cash flow analyses.
2.20.
Experience in the preparation of financial schedules including some regulatory returns.
2.21.
Experience in building financial models to evaluate various financial plans.
2.22.
Experience in presenting and preparing proposals to recommend new products/services.
2.23.
Knowledge of investment portfolio strategy, banking, and financial instruments.
2.24.
General knowledge of UK GAAP and IFRS reporting requirements for investments and other financial
instruments.
2.25.
Knowledge of treasury software solutions.
2.26.
Analytical, organisation, and interpersonal skills.
2.27.
Excellent collaboration, verbal and written communication skills.
2.28.
Demonstrated strong project management skills.
2.29.
Attention to detail and accuracy.
2.30.
Internally motivated to seek out answers, generate ideas, and develop new skills.
2.31.
An appreciation of Conduct Risks and TCF requirements.