Senior Associate, Treasury Solutions Treasury

Senior Associate, Treasury Solutions

Grade:
Senior Associate (£75,000 - £105,000 dependent on experience)

Reporting to:
Deputy Director, Treasury Shared Service

Direct and indirect reports:
None, but must be able to manage and mentor staff as required by the Deputy Director. Day‑to‑day working with and directing Treasury Analysts, Associates and any secondees.

Employment Type:

Permanent

London Treasury – an arm’s‑length subsidiary of the Greater London Authority (GLA). Mission:
To help local authorities achieve better outcomes from their investments and treasury management activities. Authorised and regulated by the Financial Conduct Authority to facilitate sharing expertise with the public sector.

The Greater London Authority operates one of the largest public‑sector treasury functions in Europe. The Senior Associate, Treasury Solutions leads on providing consultancy and solutions to shared-service participants, creating and maintaining detailed financial models, analysing asset and liability risks, and designing and executing relevant transactions. Advanced financial modelling and a deep understanding of complex financial contracts are essential.

• Support the Deputy Director, Treasury Shared Service and the Chief Executive Officer in delivering world‑class, customer‑focused treasury services to the GLA and its partners.
• Identify and explain potential solutions to enable the delivery of capital priorities on or off‑balance sheet, including detailed cost/benefit and risk analysis.
• Act as the principal point of financial advice to senior management across the shared service for the development of financing strategies, maintaining an extensive network of market contacts and relationships to identify new products, opportunities and risks.
• Develop and maintain sophisticated asset and liability models for the GLA and other shared‑service participants, conducting detailed scenario and options appraisals and stress testing.
• Develop liability benchmarks and other risk indicators for each shared‑service participant, and provide detailed quantitative and qualitative commentary on variances and trends.
• Support shared‑service participants in maintaining credit ratings, including analysing the potential rating impact of new projects or borrowing.
• Act as a strategic business partner to each shared‑service participant to ensure their annual strategies and subsequent monitoring are useful and relevant, matching individual requirements while meeting all regulatory requirements. With the Treasury Team, hold responsibility for the production of client treasury reporting.
• Lead the development of new and expand the utilisation of existing treasury software systems and oversee client training and onboarding, in collaboration with the Senior Associate, Treasury Operations Manager.
• Work collegiately with analytical and modelling professionals across LTL’s service teams to establish common standards of excellence and best practice, identify systems synergies, and contribute to the professional development and training of colleagues.
• Lead the execution of financing transactions, including procuring and managing external advisors and ensuring the commercial best interests of the firm and shared‑service participants are maximised while the risks of any financial instruments are understood.
• Liaise with the Investment team to ensure participants’ holistic treasury requirements are considered when collective investment strategy is formed, and ensure the implications of investment risk are considered when conducting stress tests.

• A professional qualification in a relevant discipline (e.g. accountancy, CFA, ACT).
• High level of financial literacy with the ability to analyse balance sheets and work with discounted cash flows, ideally with practical project finance experience.
• Demonstrable experience of working with complex contracts and understanding applicable legislation and regulation.
• Advanced Excel skills, ideally coding experience and knowledge of stochastic modelling and stress testing techniques in Excel, MATLAB or similar software packages.
• Knowledge of debt…