Job Description

This will involve managing intercompany positions, and external cash positions and FX requirements across UK and overseas businesses via bank trading.

Some Key Responsibilities:

• Collaborate with UK and international business units across the group to understand their funding and FX needs. Analyze hedging requests from around the business and challenge where necessary to ascertain how these needs can be best met by the external markets.
• Work with the banking group and other relevant industry bodies to understand the market and how it can best serve the treasury requirements of ITV group.
• Take ownership of all front office trading activity for the group, transacting investments, short term borrowings, FX trades and all other financial instruments which made sound economic sense for the ITV business. Execute trades via an electronic trading platform or telephone to relationship banks as required.
• Ensure all trading remains within the parameters set by the current treasury policies and that all internal and external documentation and due process is met.
• Manage intercompany loans and deposits – managing requests for loan drawdowns or cash deposits from ITV entities around the world, executing any associated FX positions and payments where needed. Ensure all intercompany loans are appropriately documented, recorded and managed.
• Ensuring all cash and FX activity has appropriate back up documentation and complies with individual subsidiary agreements. Ensure new facilities have agreements which meet the practical and economic needs of the business unit & ITV plc.
• Ensure all FX and intercompany trades are accurately recorded in the treasury management system, including back-to-back trades where necessary to manage intercompany positions and the accounting entries for subsidiary accounts.
• Look to enhance reporting capability in this area over time across the TMS.
• Create good quality management information to either report on activity, inform decision making or support recommendations in this area going forward.
• Responsibility for the daily forecast of the cash position and identifying actions for GBP and FX cash pools managing the cash surplus/ deficit in suitable short term vehicles ensuring cash action remains within the treasury policy.
• Initiates necessary treasury payments.
• Take part in testing to ensure the robustness of the departmental disaster recovery plan.
• Constantly challenge and make recommendations to implement improved processes.
• Maintain front office treasury reporting.
• Provide market rate information for treasury reporting purposes.
• Provide guidance on treasury policy around the business.
• Assist with Ad hoc projects as required.

Required Knowledge, Skills, and Abilities

Essential to have either Graduate in a numerate discipline or holds professional qualification - ACCA/ CIMA/ ACT. Demonstrable strong analytical skills and keen eye for detail. Good excel and systems capability. Excellent communicator both written and verbal (e.g. ability to articulate complex treasury concepts to untrained treasury colleagues and associates). Ability to build both internal and external relationships at all levels. Good organization skills and ability to priorities competing requirements. A desire to learn about the treasury environment and develop in the role.