Head of Treasury

Trust is the first of a new breed of banks in Singapore – digitally native and focused on delivering a delightful customer experience. You will work in a fast-paced and collaborative environment to solve new and interesting challenges each day. Together with our Trust team, you will help shape the future of our bank.

As a Head of Treasury and Balance Sheet Management (BSM), you'd be able to work on and solve many interesting challenges which we are facing, learn new ways of working, and help build delightful high quality products for our customers.

Job Description

The Head of Treasury & BSM is a pro-active member of the senior management team and contributes to the leadership and management team. Reporting to the CFO, you are a key trusted advisor to the business and a guardian on treasury matters.

You would be responsible for leading all activities relating to management of funding, liquidity & Balance sheet to achieve optimal funding mix, ensure sound balance sheet management, ensure full compliance to all statutory requirements on capital & liquidity, work with the business teams to identify opportunities to improve profitability, perform regular analysis on liquidity, cash-flows, interest rate gaps and income attributions. You would also be responsible for driving all key initiatives relating to these areas be it for ICAAP, Basel 4, BCBS239, MAS directives and so on.

The Role Responsibility:

To provide leadership, set direction and oversee the Treasury function in the following areas of responsibility:

Funding & Liquidity Management

• Optimize funding mix to minimize overall funding costs for the Bank.
• Formulate and execute contingency planning measures for liquidity stress scenarios.
• Ensure adherence to the enterprise level strategies for funding & Liquidity management.

Cash Management and Investments

• Support daily cash management and other banking activities.
• Coordinate the execution and settlement of treasury instruments in the interbank market.
• Support liquidity management, payment processing and intercompany settlements.
• Support cash analysis (cash balance reporting, FX transactions, etc).
• Prepare and consolidate various treasury reporting such as periodic cash, forecast, FX exposures, etc.

Balance Sheet Management:

• Drive the ALCO (Asset & Liability Committee) / assess the adequacy, monitor and ensure the implementation of the Bank's ALM policies: (i) interest rate risk, (ii) market/investment risk, (iii) liquidity risk and (v) capital risk;
• Lead and drive the annual ICAAP and other stress test exercises.
• Manage the interest rate risk in the banking book profile and implement strategies to build a sustainable balance sheet and income generating portfolio.
• Lead and drive the execution of internal funds transfer pricing polcies.
• Advisory:
• Providing consistent advice to CFO / Senior management on optimal balance sheet shape (deposit and capital mix, funding and asset profile, returns, etc).
• Insights on liquidity gaps & interest rates risks on the balance sheet to minimize risks for the Venture.
• Anticipate & work out impact of regulatory and environmental changes on the balance sheet

Risk & Controls

• Ensure adherence to structural liquidity and capital limits, authority frameworks and related minimum control standards and mitigants to ensure risk exposures material to the country remain within risk tolerance and risk appetite.
• Monitor the strategic balance sheet measures to ensure adherence to approved limits.
• Author and own capital and liquidity risk frameworks, polices, standards and process universe documents and ensure relevant approvals and oversight.
• Develop proactive engagement with business and key stakeholders in pursuit of balanced risk / return positions via discussions on liquidity and IRRBB exposures and limits, and FTP issues. Review product proposals for implementation and approval.
• Co-ordinate with Treasury Risk teams of SC group as appropriate, to ensure implementation of the Treasury liquidity risk and IRRBB policies.

Governance, Regulatory Compliance & Audit

• This role will act as the single point contact for MAS as the designated Head of Treasury for ensuring compliance with MAS treasury related regulations / notices.
• Have and maintain good understanding of applicable laws and regulations pertaining to liquidity, capital, recovery and resolution planning and ensure that Phoenix has appropriate controls to remain compliant with them.
• Ensure there is effective analysis of changes to current regulation that are applicable both from Group and country regulator (MAS).
• Provide effective oversight on regulatory reporting processes and ensure robust controls are in place in line with governance and control framework to ensure accuracy and timeliness in reporting to the regulators.
• Maintenance of up to date document, such as Balance Sheet Manual, FTP reference guide, Liquidity Crisis Management Plan, etc.
• Assist with internal and external audits, maintain records and provide test data as requested

Treasury Technology and System Management & Process Implementation

• Product owner for Treasury systems including the end-to-end strategic build of systems, data and process flows.
• Managing technology resources to build systems and continuously improve processes and data
• Setup processes to enable monitoring, control and reporting

Role Specific Technical Competencies:

Skill

Target proficiency level

Stakeholder Management

Expert

Treasury Markets

Expert

Treasury Liquidity Risk

Advanced

Capital Risk

Expert

Funds Transfer Pricing

Advanced

Treasury IRRBB

Expert

MAS Settlement Systems

Advanced

Risk and regulatory reporting system management

Advanced

In order to be successful at this role, the following is required:

• 15 years' experience in bank treasury preferably with significant exposure to Singapore MAS regulations.,
• Experience across treasury markets and treasury functional roles preferred.
• Experience automating and building treasury processes and controls.
• In-depth knowledge in cash management and FX market.
• Experience with treasury management systems and SWIFT would be appreciated
• Strong sense, knowledge and exposures to local financial regulatory environment in Singapore.
• Demonstrated understanding of how Fintech operates differently from conventional financial organization.
• Strong business partner who can influence and effectively challenge C-suite stakeholders.
• Energy & desire to succeed; follows through on commitments; pushes self & others to deliver exceptional results.
• Strong collaboration, consensus building, problem resolution and communication skills are a prerequisite.

Good to have (Optional):

• Singapore Financial Markets Regulatory Practices certified / CMFAS certifications
• Expertise in coding language(s)

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Come as you are Trust is an inclusive and open-minded workplace. If you are good at what you do and care about doing a good job, that's what we focus and want from you. So come as you are.

Trust is an equal opportunity employer. We prohibit discrimination and harassment of any kind. We are committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment. All employment decisions at Trust are based on business needs, job requirements and individual qualifications, without regard to age, gender, physical ability, race, religion or belief, family or parental status, sexuality, or any other status protected by laws or regulations. We will not tolerate discrimination or harassment based on any of these characteristics. We encourage applicants of all ages.