Manager, Treasury

Purpose Contributes to the overall success of the Treasury Unit, Managing Director’s Office in Cayman Islands supporting Caribbean North. Ensure specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensure all activities conducted are in compliance with governing regulations, internal policies and procedures. Accountabilities

• Funding & Liquidity/Balance Sheet Management - execute strategies/policies as aimed at optimizing funding and liquidity positions, net interest margins and other regulatory requirements in local and foreign currency balance sheet positions
• Risk Management - ensure all Treasury activity is conducted in accordance with prevailing Risk Management policies by proactively managing portfolio positions within the related product and credit limits across the group. Regularize limit overruns on time and as agreed; and ensure adequate controls are in place to avoid recurrences.
• Financial Planning & Analysis - undertake the financial analysis of Treasury segment for the North District, highlighting significant changes, trends, developments and actions underpinning the results. This analysis must assess performance against established benchmarks - historical performance and forecast / annual plan targets.
• Must develop an in-depth understanding of the local market structure(s), keep abreast of pertinent developments locally and internationally and recommend changes where appropriate to ensure that Senior Management and any relevant committees (ALCO/Investments) within the Group are properly guided.
• Will also be responsible for supporting the Treasury Risk Management framework in place for the Group, to enable the identification, measurement and control of interest rate, funding, liquidity, foreign exchange and investment risks.
• Develop and maintain strong relationships with regulators (Monetary Authority/Insurance/Tax/Financials Services Commissions etc.) and other local/regional government officials on liquidity, investment, foreign exchange, compliance and regulatory issues.

Education / Experience / Other Information

• A Business degree in Finance or Investments and/or the Chartered Financial Analyst (CFA) designation;
• 10 years' experience in banking of which at least 5 years in the Treasury; this position requires expert knowledge of the functioning of local and international markets.
• Sound technical knowledge of the Scotia Group policies, operations, organization, profit planning and Treasury procedures;
• A good understanding of the local economic and business environment and Treasury risk mitigation approaches.
• Strong organizational skills and managerial abilities to direct and co-ordinate staff workloads, to prioritize tasks and to elicit a high level of productivity from staff to meet objectives which often include tight time frames;
• Strong written and verbal presentation skills, including the ability to express findings concisely while retaining accuracy and clarity;
• Strong analytical and forecasting skills, as well as strong interpersonal skills, professional judgment and tact in dealing with contacts inside and outside the financial areas of the Group;
• The ability to develop and maintain effective working relationships with senior field officers and management personnel within the Executive Offices - Jamaica, International Banking, other BNS departments, the Group's shareholders/Board of Directors, regulators, correspondent banks, lawyers, auditors and tax consultants;
• Ability to maintain a broad perspective of the long-term management objectives of the Group.
• Ability to network, comfortably, with senior business leaders.