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Vacancy Details

tl Back Office Intern: Treasury Desk (English and French speakers) *Based in London* tr
bl br
Location: London
Position: Finance
Salary: £23500-£27,500 PA depending on experience
Date Posted: 23 January 2019
Vacancy Type: Graduate Internship
Job Description:
Job title: Back Office Intern: Treasury Desk

Length of contract: 12 months fixed term contract (with a view of a permanent position)

Salary: £23500 pa (depending on experience, this is subject to increase)

Start date: ASAP

Deadline of applications: Please apply ASAP

Location: East London

Candidate requirement:

  • Bachelor or Masters degree in a Financial subject (Economics/Finance)
  • Previous experience of working in finance, cash management and/or budget control
  • Team player with an ability to work to tight deadlines with changing priorities
  • High level of accuracy is essential
  • Exposure to Treasury Management Systems desirable
  • French language skills is essential due to client communication and management.

The role:

Under direct supervision of the team manager, contribute to the following key activities:

  • Review the cash transactions undertaken by the affiliates, from receipt of instructions through to final payment
  • Monitor intra-Group financing provided to the affiliates. Control the related interest calculations
  • Determe the daily cash position forecasts for currencies
  • Approve the forex exposure of each Central Treasury Entity and be able to analyse the variances
  • Control, confirm and validate the market transactions undertaken by the Front Office
  • Prepare and analyse bank reconciliations and resolve reconciling items
  • Contact Affiliates Financing Operations Department when preparing and implementing Group's asset purchase or selling operations (closings)
  • Monitor certain sensitive cash flows, especially to or from countries subject to international sanctions
  • Work with the Internal Control Department verify the effectiveness of the compliance documentation (Sarbanes-Oxley, etc.)
  • Participate in projects involving cash management, cash management system security and upgrades to Group Treasury IT system

A very high level of risk inherent in a financial markets environment (fraud, counter-party, cyber and other risks).

Stringent regulatory requirements (banking regulations, respect of international economic sanctions and compliance with Sarbanes-Oxley procedures and anti-money laundering and financing of terrorism legislation).

Required to work on public holidays when other international markets are open. Extended working hours may be required for major transactions.

This is a versatile team with flexibility to multi-task and execute autonomously a variety of high value, complex, transactions.

  • Daily cash flow managed by Corporate Treasury: $12 billion to $15 billion.
  • Management of cash, forex and financing transactions for roughly 600 affiliates worldwide.
  • Cash management in around 25 currencies.
  • Management of corporate financing (bonds and commercial papers) and of internal financing (short-term borrowings, credit lines, long and medium term loans, etc.) for affiliates.
  • Significant interaction (a) internally: Front Office, Accounting, Consolidation, Corporate Finance, Legal Affairs, Affiliates Financing
  • Operations, Tax, affiliates and (b) externally: banks, counter-parties, custodian banks, affiliates world-wide.
  • Depending on operational needs, the employee may work on Treasury Operations Desk or FX & Financing Desk.
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