Treasury Business Partner – FX Structurer

Team: Operations

Location: London, UK

Employment Type: Permanent

Salary: Competitive

Closing Date: 24 August 2020

Treasury Business Partner – FX Structurer

 

Our Mission 

  • CDC is the UK’s development finance institution. Founded 70 years ago, we invest in the most challenging markets of Africa and South Asia with the aim of supporting economic development. CDC has net assets of £5.1bn, with over 1300 growing businesses in the portfolio.
  • Last year we committed over £1billion of capital across 50 transactions. 
  • CDC is wholly owned by the UK government, who has committed a further £3.5bn of capital for CDC to deploy over the next two to three years.
  • We are expanding our presence in Africa and South Asia with further new offices openings in 2020.
  • At CDC, we take an entrepreneurial approach to investment. We think innovatively about ways to deploy our capital, attract and mobilise other investors, and drive transformational impact.
  • Primarily, CDC invests to achieve impact and a financial return which is reinvested into more businesses. We aim to create jobs and accelerate economic prosperity and focus on sectors that will do this; manufacturing, food and agriculture, infrastructure, financial institutions, construction, health and education.
  • CDC works with like-minded ambitious people who are primarily motivated by our mission to deliver impact. We are a growing team of over 400 and place immense value on diversity within our organisation.
  • Read more about us on our website cdcgroup.com

 

Team and role overview

  • The Treasury team is responsible for the effective and efficient cash management of approximately £500 million spread over various currencies and countries. CDC invests through Direct Equity, Debt and Trade Finance as well as through 3rd Party Fund Managers and had an asset portfolio (as at Dec 2019) of £5.1bn and an annual target pace for new investments of £1.5bn.
  • CDC is regulated by the FCA as a MiFID exempt Venture Capital firm. It conducts business on its own account and does not hold third party capital.
  • The Treasury team facilitates the management of over £1.0bn of foreign exchange currency exposure and provides counsel on a growing portfolio of local currency loans.
  • The Treasurer is responsible for maintaining relationships with a syndicate of banks to support our asset portfolio across South-East Asia and Africa as well as the $600m stand-by borrowing facility.

 

Purpose

  • CDC has recently expanded its operations and with the increase in deal volumes, there is a need to have a dedicated individual working within the Treasury team to partner with the various investment teams, drive treasury solutions both locally and overseas, manage compliance and regulatory requirements. The role will report to the Treasurer.

 

Responsibilities

  • Partnering with and supporting the investment teams on all treasury aspect of an investment proposal from initial pipeline forecast to ultimate initial funding and during the life of the investment.
  • Structuring of local currency hedging proposals and lending solutions for the Direct Debt strategies, including Project Finance, Infrastructure and FI, Intermediated Credit Funds, Trade and Supply Chain Financing transactions.
  • Implement and operationalise the investment and divestment decisions of the Direct Equity strategies.
  • Develop procedures around the Direct Equity investment portfolio.
  • Management and negotiation of Letters of Credit and other banking funding/guarantee solutions for investment strategies.
  • Support the Treasurer with the management and negotiation of the Rolling Credit Facility.
  • Support the Treasurer with the management and reporting of Promissory Notes.
  • Work with the wider Finance team on the set-up of Treasury and Finance requirements for the overseas offices.
  • Assist with the cashflow forecasting model and future cashflow scenarios analysis
  • Responsible for producing Shareholder, Board, Risk Committee and other papers, as required.
  • Be an adviser to the wider company on treasury and hedging queries.
  • Keep up to date on all new regulations, propose any changes and actively seeks to implements these amendments.
  • Work with the wider finance team to assist in the processing of payments, banking requests and other various treasury related issues, as needed.

 

The candidate

Background, skills, aptitude

  • Minimum of 5-10 years’ experience in either a global treasury function or investment institution.
  • In-depth knowledge of foreign exchange, FX structuring, hedging, overseas treasury management and investment, equity capital divestment and portfolio management is essential.
  • Experience of emerging markets and Private Equity would be an advantage but not essential.
  • Experience of process review, design and implementation of best-in-class processes.
  • ACT qualified or accountant qualifications would be an advantage but not essential.
  • Very strong systems skills and an analytical mind.
  • Experience of EFront, Salmon Software, HSBC.net and Straight2Bank is preferable.
  • Very strong problem-solving skills with an analytical mind.
  • Experience of process review, design and implementation of best-in-class processes.
  • Ability to proactively identify and address issues.
  • A flexible team player.
  • The ability to take the initiative, to enjoy new challenges and see tasks through to completion.
  • Candidates should be strongly motivated by CDC’s development mission and ideally demonstrate some commitment to development or social goals through previous executive or non-executive activity

 

Our cultural values

We look for team members who aspire, as we do, to work at our best and to be:

  • Impact-led, commercially rigorous
  • Tenacious in the face of challenges
  • Collaborative and caring

 

CDC is committed to diversity and inclusion and welcomes all applicants regardless of age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex or sexual orientation.

 

Please provide a cover letter with your application

Role opened: 24/07/2020

Role closes: 24/08/2020

Salary: Competitive

Apply now