Head of Treasury & Structured Finance - SALARY: Up to £102k pa dependent on experience + ECO car + benefits Milton KeynesHYBRID WORKING: Our current hybrid working policy requires a minimum of 60% of working time to be based in the Milton Keynes office however flexibility is expected to meet the needs of the business and the role.HOURS / CONTRACT TYPE: Full Time permanent
* About The Role
* SALARY: Up to £102k pa dependent on experience + ECO car + benefits
LOCATION: Milton Keynes
HYBRID WORKING: Our current hybrid working policy requires a minimum of 60% of working time to be based in the Milton Keynes office however flexibility is expected to meet the needs of the business and the role.
HOURS / CONTRACT TYPE: Full Time permanent
We’re looking for a Head of Treasury & Structured Finance to own and lead the development and implementation of the Company’s funding, liquidity risk and interest rate risk management strategies.
With a broad variety of commercial, management and technical influence across the organisation, the successful candidate will also have extensive interaction externally with both existing and potential investors, banks, rating agencies, lawyers, auditors and regulators to identify new sources of funding and maintain existing relationships.
What will you be doing?
o Developing the strategic direction for the Treasury & Structured Finance function including: funding requirements, customer deposit structure, ABS deal launches, liquidity and interest rate risk management, ensuring sufficient funds are available to meet the operational, investment and refinancing requirements of the UK entities in the short-, medium- and long-term planning scenarios.
o Youll lead the Treasury & Structured Finance teams providing coaching, direction and focus, resulting in a proactive high performing culture
o As a key decision maker you’ll provide input, technical oversight and act as a consultant, advisor and trouble shooter to the business for liquidity, cost of money, hedging and structured finance related issues and establish workable contingency plans that can be activated during times of liquidity stress, ensuring interest rate and liquidity stress scenarios are appropriate for the market with implications understood and developed into management strategies and policies.
o You’ll be accountable for interest rate risk management, interpreting and working within the interest rate risk framework, actively reviewing and manging the Asset Liability Mismatch (ALM) and hedging / swap requirements for the Company to ensure compliance.
o Working closely with VWFS HQ to identify, analyse and advise on the impacts of new / diverse funding opportunities, focusing on liquidity availability, interest rate risk and hedging requirements and the P&L cost of money implications.
o Implementing the Treasury aspects of our new Retail Savings Bank offering as a new funding source into the overall refinancing structure and own the ILAAP process and related inputs and lead our successful Structured Finance (ABS) programme ensuring a secured and diverse asset refinancing strategy in in place.
What you’ll bring:
o This role requires someone with a specialist knowledge and working experience of Treasury and hedging and/or liquidity planning.
o You’ll have a passion for driving performance through effective coaching and mentoring, developing talent and performance management and achieving results through people.
Essential experience & skills
o Ideally a Chartered Treasurer (ACT) or qualified accountant (ACA or ACCA), you’ll have experience of dealing with external parties including Investors, Rating Agencies, Regulators and Banks
o Ability to build strong relationships and use mature influencing skills internally and externally to gain commitment and support
o Demonstrable leadership skills that role model behaviour, culture and performance standards
o Be a credible and persuasive communicator able to simplify complex issues for senior stakeholders and the board
What’s in it for you?
Bonus: Discretionary on-target bonus (based on personal and Group company performance)
Pension: Employer pension contribution of 9% (based on employee contribution of 3%). VWFS will pay 6% if employee chooses a 2% employee contribution.
Car schemes*: Choice of Employee Car Ownership (ECO) scheme for petrol/diesel and hybrid vehicles plus car insurance and fuel card.
OR Company Car scheme for Battery Electric Vehicles (BEVs) plus car insurance cover for you and a partner/eligible family member.
Other benefits: From day 1 we provide income protection, life assurance (4x salary), retail discount vouchers, access to Care Concierge (a service to support carers of adults), along with other salary sacrifice options including a will writing service and cycle to work (subject to scheme restrictions).
Following successful completion of probation, you will have access to private medical insurance for you and access to our loan car scheme for up to 2 cars for your partner or eligible family members (subject to scheme restrictions) and during our annual benefit window you can purchase critical illness cover and dental cover, so you can select the benefits that matter to you.
We invest in our people and are passionate about driving development. You’ll have access to LinkedIn Learning via our Degreed platform as well as a host of professional development programmes and opportunities to build your technical and soft skills so you can further develop your career. We also offer mentoring schemes and reciprocal partnerships recognising that we can all learn from each other in the flow of work.
* About You
* About Us
* Why join VWFS UK?
You’ll have the opportunity to make a difference through owning and leading the development and implementation of the Companys funding, liquidity risk and interest rate risk management strategies aligned to our organisations risk appetite. In doing this, you will be helping us to achieve our mission.
Our mission is straight forward; we want to be The Key to Mobility. That means we make getting from A-to-B as easy and simple for as many people as possible. To truly meet the mobility needs of people in a changing world, our offering goes beyond traditional vehicle financing. We do this by providing a range of finance and aftersales products on Volkswagen Group vehicles, as well as developing innovative mobility products designed to solve real problems and support our customers.
No candidate will meet every single desired qualification. If your experience looks a little different from what weve identified and you think you can bring value to the role, wed love to learn more about you!
VWFS is proud to be an inclusive employer and encourages applications from a diverse range of candidates. Diversity, Equity & Inclusion isn’t just a statement for us, we encourage and aspire for all our colleagues to be their 100% self. If you need any reasonable adjustments to assist you with the application and/or recruitment processes, please contact our Resourcing Team.
The Head of Treasury & Structured Finance is a "Certified" role under the Senior Manager and Certification Regime (SMCR) and the role holder is required to comply with the FCA’s Conduct Rules. A mandatory requirement of the SMCR is for VWFS to certify that the role holder is fit and proper to perform the duties on an ongoing basis.