Director, Treasury, Cash Management

Introduction

The Temasek Treasury team seeks to enhance value and strengthen the organisation’s resilience by developing and implementing strategy, policies, structuring & raising debt, and managing FX & interest rate exposures and liquidity optimally.

Over the past few years, the Treasury Team has been transforming into a more commercial, more agile and more fit for purpose function. As a result of more volatile market conditions, increased regulatory requirements and changing organizational needs, the function’s responsibilities and scope have grown in complexity, depth and breadth.

As a balance sheet owner, the team discharges their governance and control responsibilities with prudence and pragmatism.  

The team strives for excellence in market execution and through continuous process improvement.

Through collaboration, partnership and objective advice, the team builds strong long-term relationships with Treasury’s network of stakeholders including the various investment teams, financial counterparties, bank lenders, bond investors, and the broader Temasek ecosystem of portfolio companies and platforms.

We are now looking for an excellent Director to join us to lead the Cash Management team.

Responsibilities

As part of a wider treasury transformation, the Temasek Cash Management team, have successfully delivered on the following in recent years:  

• • Greater commerciality and efficiency in managing treasury cash, while keeping pace with the organisation’s increased investment activity which have grown in complexity  
  • Generated significant additional interest against benchmark by seeking out more yield enhancing instruments within an appropriate risk and liquidity appetite
  • Ensuring sufficient margin collateral to support an increase in firmwide derivative activities
  • Improved operational efficiency and robustness despite increased funding complexity and shorter funding timelines (e.g. T+1 funding requirements, intermediary SPV structures)

• The team is responsible for day-to-day cash management, including timely and efficient funding and repatriation across multiple currencies
• Ensuring professional, commercially savvy execution of Treasury products within risk limits and liquidity constraints
• Responsible for the development and maintenance of counterparty relationships in the cash management space
• In developing more accurate cash forecasting and understanding of liquidity needs, the Director and team need to work collaboratively and closely with key internal stakeholders such as the various investment teams, traders, risk management and middle office to ensure funding is provided as and when required while managing overall liquidity optimally
• The team works cross functionally in structuring funding and repatriation routes across SPVs, maintaining cash / margin floats effectively and efficiently
• An important part of the role will be to champion, initiate and implement continuous improvement across treasury processes and systems using automation, technology and AI.  For example, review whether the current treasury system is fit-for-purpose and make recommendations as appropriate, investigate and implement process improvements (e.g. in cash sweeps across SPVs, cashflow and margin forecasting and credit limit checks)
• The successful candidate will be a key member of the Treasury leadership team

Requirements

• Relevant degree
• At least 14 years of professional experience, including a substantive track record in cash management within complex investment entities, banks or large MNCs, with at least 3 years’ experience in managing others
• Ability to think strategically and balance the organisation’s objectives, risk, liquidity, and commercial priorities
• Deep understanding of best practice cash management processes within complex multi entity cash structures, SPV funding flows and cross border transfers
• A passion for process improvement including automation, use of technology and/or AI
• System implementation experience a significant advantage  
• Excellent written, presentation and verbal communication skills
• A supportive leader, comfortable with managing and developing a small team and delivering excellent results through others
• Demonstrated experience in owning and building long-term counterparty relationships
• Commercially savvy, clear thinking, sophisticated problem-solving skills with high attention to detail
• Strong team player, adept at working cross functionally, proficient at influencing without authority and able to obtain buy-in across all levels of seniority
• Experienced project manager adept at juggling between competing priorities