Senior Associate, Treasury Solutions

Background

The Greater London Authority (GLA) operates one of the largest public sector treasury functions in Europe, serving its own needs and those of its partners in a successful shared service.

This shared service is delivered by the GLA’s Chief Investment Officer, supported by London Treasury Limited (LTL), the GLA’s investment management subsidiary authorised and regulated by the Financial Conduct Authority (FCA).

We are looking for a Senior Associate to join LTL’s treasury team, leading on providing consultancy and solutions to the shared service participants, creating and maintaining detailed financial models, understanding asset and liability risks, and designing and executing relevant transactions.

You will need experience in advanced financial modelling and understanding complex financial contracts, and be an excellent communicator. You will need to become familiar with local authority capital finance and regulation, but we welcome applicants from any sector with experience of treasury, corporate or project finance, asset and liability management, credit analysis, banking and/or investment management.

Benefits

This is an exciting opportunity for an ambitious and adaptable professional to deploy their skills to support London’s public services in making most effective use of taxpayers’ money and managing risks.

In return for your commitment to impact and public service, we offer a competitive salary, a flexible, hierarchy free working culture, membership of the extremely valuable defined benefit Local Government Pension Scheme and generous annual leave (30 days, of which up to 5 are subject to flexible trade-in, plus 8 public holidays).

Key responsibilities

• Support the Deputy Director and Managing Director in the provision of world-class treasury services to the GLA and shared service participants
• Identify solutions to enable the delivery of capital priorities on or off-balance sheet
• Be the principal point of financial advice to senior management for the development of financing strategies
• Develop and maintain sophisticated asset and liability models
• Develop liability benchmarks and other risk indicators, providing detailed commentary on variances and trends
• Support with the maintenance of credit ratings
• Be a strategic business partner to the shared service participants, ensuring appropriate strategy development, monitoring and reporting
• Lead the development and utilisation of treasury software systems, overseeing client onboarding and training
• Lead the execution of financing transactions
• Attend and contribute to the firm’s Investment Committee

Role requirements

• Professional qualification in a relevant discipline (accountancy, law, CFA, ACT)
• High level of financial literacy with the ability to analyse balance sheets and work with discounted cash flows, ideally with project finance experience
• Demonstrable experience of working with complex contracts and understanding applicable legislation
• Advanced Excel skills and ideally coding experience and knowledge of stochastic modelling and stress testing techniques
• Knowledge of debt capital markets and credit rating methodology
• Awareness of asset and liability risk management including hedging 

How to apply

Please send a CV and covering letter, together with a recent sample of technical or academic writing of which you are the principal author, to recruitment@londontreasury.org.

Closing date: 30 September 2024 – interviews may begin sooner.