Group Treasurer

3 weeks ago


London, United Kingdom Vanquis Bank Full time

**Location**: London. Bradford**Salary**:
**Closing Date**: Friday 26 April 2024- We’re Vanquis Banking Group plc, a FTSE All Share company, and a leading specialist bank, focused on the near prime and mid cost credit markets.- The Group has been providing financial inclusion, which supports social mobility, to those whose needs have not been well met by traditional lenders for over 140 years. We lend responsibly and provide tailored products and services to 1.7 million customers throughout the UK.- We're proud to support the 1 in 5 people in the UK who can’t get access to credit products through mainstream banks and building societies. We want to provide a helping hand when others don’t. That’s why our aim is to continue to develop better banking products for the 10-12 million people in the UK who deserve good quality products that they can’t get anywhere as well as to support the whole of the UK population to build up their financial resilience and better protect themselves against the rising cost of living.- Vanquis Banking Group is a unified group made up of two brands: Vanquis (cards and loans) and Moneybarn (vehicle finance). While they offer different products and services, they share the common purpose and customer-centric values at the heart of our group. We understand our customers are real people with varied life experiences, so everything we do from our products to our customer experience is designed with this in mind.**Role purpose**
- Reporting to the Group CFO (SMF2), the Group Treasurer is expected to lead the Treasury team (c.13-15 FTE), which is a key part of the Vanquis Banking Group Finance function, with responsibility for managing the financial assets, liabilities and associated prudential risk risks of the Group.- The Treasurer has overall responsibility for Treasury strategy, policy, risk management and governance. This encompasses management of the Group balance sheet including capital, liquidity, funding and interest rate risk to help optimise the Group’s Financial resources.- It is intended that the Treasurer will also have responsibility for Stress testing and Recovery & Resolution and should expedite a controlled transfer of activities from 2LOD. The Treasurer is currently overseeing the initial development of a 2nd charge mortgage portfolio on a forward flow arrangement; responsibility for this portfolio will be transferred to the Group Chief Customer Officer in due course.- The role holder is a Material Risk Taker and has delegated responsibilities under the Senior Manager Regime from the Group CFO (SMF2) at both Group and Vanquis Bank level.**Key Responsibilities**:

- The role holder is a Material Risk Taker (MRT) and will have specific oversight and accountability for the capital planning, liquidity, funding analysis and other related treasury activities that are critical to the effective management of VBG’s prudential risks. These accountabilities will be extended to stress testing and recovery & resolution in due course.
- Develop the risk appetite statement (RAS) for all treasury risks; engage with 2LOD in their appropriate formulation; ultimately prepare a Treasury RAS for recommendation to the Board for annual / semi-annual approval.
- The Treasurer has responsibility for non-Bank funding from wholesale markets, capital issuance, retail and wholesale funding in Vanquis Bank, interest rate risk management and capital management for VBG.
- The role also carries certain prudential regulatory reporting responsibilities.
- The Treasurer must:

- ? Develop funding strategies and capabilities to lower overall cost of funds, balanced with managing interest rate risk.- ? Develop and secure appropriate funding for the Group’s business plans.- ? Ensure funding structures are properly managed and maintained.- ? Proposing and implementing both intra-group and external dividend policies- ? Manage capital allocation under guidance from the Group CFO/ Assets & Liability Committee (ALCO)- ? Identify opportunities to maximize the return on Financial Resources to enhance P&L/ returns.- ? Manage a portfolio of investment securities to maximize yield in the Group’s liquid asset buffer.- Develop a business partnering model to ensure appropriate Treasury support for all products.
- Supporting and advising the business providing solutions to mitigate financial, liquidity and interest rate risks generated by the business.
- Maintain Treasury policies for the Group within Board approved risk appetite.
- Manage foreign exchange and interest rate exposures for the Group.
- Oversee the investment strategy of Bank liquidity appropriate to VBG.
- Ownership of VBGs ICAAP, ILAAP and Recovery & Resolution Plan.
- Work with, and develop working relationships with, debt capital investors.
- Develop an overall capital markets and funding strategy with external banks, working directly with them.
- As part of the annual corporate planning process, prepare the associated capital, liquidity


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