Finance Transformation Manager

Why this job matters As Treasury & Banking Operations Specialist, your primary role will be to support the BT Business Treasury Senior Business Partner in first line of defence’ ( 1LOD ) reporting and compliance for treasury activities across BT Business subsidiaries and branches (known as legal entities ), ensuring accountable owners in country or regional finance teams, Shared Service Centre (SSC) and / or Corporate Governance follow treasury best-practice and act in accordance with Group Treasury guardrails. Responsibilities include : • 1) Cash float optimisation : ensuring overseas cash balances are minimised through regular engagement with country / regional finance and SSC teams ensuring adherence to Group cash repatriation guardrails; • reporting legal entity cash positions and tracking remedial actions by owner; reporting legal entity cash investments; tracking compliance with local currency controls by country to prevent avoidable repatriation obstacles; supporting ad-hoc projects to improve cash repatriation and visibility of cash balances setting up cash sweeping arrangements, daily bank balance reporting, projects to improve access to intercompany trading settlement records and automation of cash forecasting. 2) Subsidiary funding support : support the Treasury Senior Business Partner and Group Treasury in ensuring overseas subsidiaries are solvent and have timely access to funding at all times while ensuring intercompany funding activities comply with Group Treasury guardrails. 3) Supporting the BT Business Treasury Senior Business Partner in any other treasury matters as required, including M&A projects and capital restructuring projects, (subsidiary equity injections, dividends), leasing and working capital financing initiatives etc. 4) Banking operations : Our objective is to ensure our banking arrangements are fit-for-purpose, using as few banks / bank accounts as commercially possible, with appropriate governance and controls around the use of those accounts. This role will : • Act as escalation point between internal stakeholders and external banks to resolve banking operational issues arising from time to time to ensure continuity of banking services. • Ensure accountable owners within Corporate Governance, country / regional finance and / or SSC operate bank account controls effectively, ensuring bank account and signatory records for legal entities are complete and up-to-date; conduct validations and reviews; reporting any breaches and remedial actions to Group Treasury. • Working with Corporate Governance, country / regional finance and / or SSC to identify accounts for closure and rationalisation. • Maintain control for new bank account / account closure requests (via Treasury Front Door). • Support Corporate Governance and board Directors with bank account opening and closing documentation and formalities, liaising with procurement as necessary. • Co-ordinate prompt provision of Know Your Customer ( KYC ) information requested by banks from time-to-time across regional finance / GFSS / Corporate Governance to ensure bank accounts remain open and accessible. • Support Treasury Senior Business Partner in achieving consistency of approach for logging and maintainting electronic and physical bank account signatories across the division. • Help to identify and implement system or process improvements to fulfil these objectives including supporting a standardised central bank account database; set up / maintenance of a Treasury Front Door portal; standardisation and automation of operational banking processes. • Provide regular analysis of bank charges across the division. • Support the Treasury Senior Business Partner in a rolling programme of bank contract and pricing renewals, plus periodic bank tenders and transitions to new banking providers as and when required. 5) Other 1LOD areas of responsibility / reporting : • Bank Guarantees : Ensure accountable owners within regional finance / GFSS comply with Group Treasury guardrails in respect of bank guarantees, ensuring guarantees no longer required are retired in a timely manner, reporting any breaches and remedial actions to Group Treasury • Reporting on foreign exchange exposures and gains / losses analysis within the division • Reporting on non-debt financing including receivables factoring, software licence finance and equipment leasing • Quarterly reporting of embedded derivatives • Quarterly loan impairment analysis review • Year-end reporting of trapped cash • Other 1LOD responsibilities as these are updated from time-to-time What I’ll be doing your accountabilities • Engage & influence : SSC, regional finance and corporate governance to support the teams in understanding and delivering Treasury objectives and controls, while understanding the needs of the teams and the business and tailoring the approach accordingly. • Stakeholder Engagement : Acting as an effective partner, responsible for alignment delivery from a GFSS perspective. Work closely with stakeholders to understand business requirements, leveraging digital technologies to standardise & simplify the services / processes that we deliver • Project Delivery : Become an SME on projects that push the boundaries & challenging the status quo on the ways new processes and technologies should be implemented. Skills required for the job • Excellent interpersonal skills, with the ability to build and maintain effective working relationships internally and externally and be credible at all levels in the business. • Role-models the importance of addressing customer needs; places the achievement of excellent customer solutions at the heart of what they do. • Uses strong analytical skills and intuition to analyse data and interpret business insights and trends. Uses data to support decision making and develops the best solutions. • Pays attention to detail with the ability to distill complicated matters into simple key messages / big-picture to aid effective decision-making • Ability to handle banking documentation efficiently with care and diligence • Excellent written communication skills, adapting styles to fit the intended audience as appropriate • To be able to plan, prioritise and work under pressure to meet tough deadlines • To have a creative approach to problem solving with the ability to adapt to changing priorities • To be able generate own challenging deadlines and to look for and address new issues • Ability to identify and deliver improvements in processes to deliver business benefits • Ability to operate effectively with minimal supervision • Manage own learning and development needs using internal and external resources • Can demonstrate experience / achievement in delivery change across complex process(s). • Understanding of BT finance systems utilised within GFSS and BT Business. Connected leaders behaviours Always deliver on ambitious goals, outcomes and timelines You cut through complexity and obstacles to get to the right ethical solution at the right time You adapt quickly and perform effectively even when there’s ambiguity You are a role model for conduct and strong knowledge of treasury matters within the division Strong awareness of commercial objectives of the business to provide advice in decision-making around risks and implement good governance You Listen with respect to others and and create an open environment, with a strong sense of personal responsibility; you seek a common agenda with other stakeholders across the organisation, challenging the status quo You are self-motivated with a high degree of initiative. Experience you would be expected to have • Graduate level with Accountancy qualification (ACMA, CPA or ACA), 5+ years experience in corporate treasury, recognised treasury qualification also an advantage. • Knowledge of BT's various systems an advantage SAP, Oracle, ION Trading (City Financials) treasury management system • Experience of working in a global, diverse and complex organisation an advantage • Familiarity with tax aspects of treasury and intercompany trading including withholding tax and VAT • Leading and driving change in a rapidly changing environment • Cross-functional team working • Strong analytical capabilities to identify and drive opportunities • Experience of business operations to be able to understand linkage between data and processes. • Experience of M&A Integration or Treasury related projects • Experience of working with international teams, an awareness of cultural differences; • Experience in banking operations, including payments and electronic statements, connectivity and automation. Key decisions If the job has key decision rights list these here (RAPID). Recommend, Agree, Perform, Input & Decide 1. Provide subject matter expertise on and recommend appropriately pragmatic approaches / solutions that support Group and BT Business Treasury related projects 2. Provide experience of each of the key stages of change delivery : a. Planning and progress tracking mechanisms b. Effective means of monitoring and managing issues, risks and dependencies c. Strong reporting skills d. Managing stakeholders at relevant level 3. Perform implementations of a technical and finance nature to support the BT Business transformation and change programmes About us BT is part of BT Group, along with EE, Openreach, and Plusnet. Millions of people rely on us every day to help them live their lives, power their businesses, and keep their public services running. We connect friends to family, clients to colleagues, people to possibilities. We keep the wheels of business spinning, and the emergency services responding. We value diversity and celebrate difference. As Philip Jansen, our CEO, says We embed diversity and inclusion into everything that we do. It’s fundamental to our purpose : we connect for good.’ We all stick to the same values : Personal, Simple, and Brilliant. From day one, you’ll get stuck in to tough challenges, pitch in with ideas, make things happen. But you won’t be alone : we’ll be there with help and support, learning and development. This is your chance to make a real difference to the world : to be part of the digital transformation of countless lives and businesses. Grab it

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