Regional Treasury Specialist Asia Pacific

Job Purpose

The purpose of the Regional Treasury Operations Specialist role is to act as the Treasury business partner to AkzoNobel businesses in the region or specific country.

It is a broad regional role, with focus on set of countries requiring interaction and working with many stakeholders; e.g. the businesses (BUs, regional, local entity), country organizations, Global Shared Service (GBS – Finance, IM, Tax, Procurement etc), corporate functions (Control & Accounting, Legal, Audit), and Banks etc.

The Regional Treasury Operations Specialist plays a key role in delivering treasury processes and projects such as cash management (Transactional Banking Infrastructure), user administration of Electronic Banking Systems (EBS) of Core and non-core banks across the region domestic cash pool arrangement, Local NDF agreements, local overdraft facilities and regional bank charges control.

The role is expected to work closely with team members within the hub to provide frontline support to AkzoNobel businesses to ensure that such processes are executed in alignment with global Treasury policies and standards.

Accountabilities I

Support operation of the Regional Cash Management

1. Daily Cash Management: Cash pool management – including cash pool limit management. Preparation of cashpool consolidated cashflow forecasts and review accuracy with GBS teams, various monthly Treasury reports and bank performance reports. Check daily cash position to ensure business running.
2. Surplus cash investment: Review and execute short-term investments of excess funds
3. Act as a backup for the central operations team
4. E-banking Access Management for APAC countries
5. Bank Account Restructure & Optimization, including account opening and closure.
6. Bank Mandate Update: PoA, BR, and other company documents are updated at banks.
7. Assist businesses and other Treasury Hubs on Payment Factory activities and issues
8. Assist In-house Bank management
9. Coordinate and monitor non-commercial payments to the central treasury, such as dividends, royalties, loans repayments
10. Assist to execute NDF and Spot deals on Bloomberg Platform
11. Support the business and other functions with trade finance operation activities (letter of credits, bank guarantees, surety bonds and etc)
12. Complete periodic KYC Requests, Bank document administration: bank document preparation, obtaining signatories, etc.
13. BAD reporting

Accountabilities II

Support Treasury Function and businesses with banking activities

1. Assist businesses on different international banking payment methods and routing instructions.
2. Support businesses with accessing and using Treasury systems
3. Support Corporate Finance through taking ownership of bank arrangements when large flows are planned that exceed normal trading limits
4. Monitor compliance of executed treasury transactions in line with company policies
5. Document and escalate identified non-compliance with Treasury policies
6. Treasury contact for addressing business issues on payments and banking
7. Coordinate the maintenance of static data in the Treasury Management System (TMS)
8. Maintain helpdesk (Treasury ServiceNow) to answer unit queries in line with internal service level agreement
9. Provide support and back-up for the other functions of the treasury department (FX, Trade Finance, Transactional Banking Infrastructure and Corporate Finance)
10. Evaluate bank services and fees, monitors bank performance and recommends appropriate action
11. Run local FX risk management deals with banks (for closed economies)
12. Deploy and provide guidance on treasury policies for the business. Monitor and escalate identified non-compliance with Treasury policies, and document approved policy exceptions
13. Provide support and back-up for the other functions of the Treasury department (Control & Accounting, Operations, Financial Markets, FX Risk Management, Infrastructure & Project and Corporate Finance) to work on various special projects on an “as needed” basis

Accountabilities III

Support the maintenance and operation of Electronic Banking Systems (EBS) and TMS interface

1. Manage effective interfaces with regional banks
2. Support the Treasury Hub to maintain and control the operation of the EBS used by Treasury and other end-users (RAC, GBS, Infosys, business)
3. EBS Super user. Monitor user profiles and authorization limits in line with Treasury policy
4. Implement changes and improvements to existing banking software, systems and structures.
5. Assist to resolve functionality issues of electronic bank software functionality directly with bank contacts.
6. Assist the coordination of the technical setups with Treasury, banks and TCS where needed (MT940, Change Request testing etc)

Functional Responsibilities/Network

• Corporate banks– Back Offices
• Group corporate departments including Tax, Legal and Accounting
• Business Units
• GBS Finance
• External and internal Auditors
• Other Regional treasury hubs, Applications Managers and Payment Factory Roll-Out Managers

Job Requirements

• Structured and disciplined work approach
• Able to connect with different people in various functions and countries
• Bachelor’s Degree in Accountancy, Finance Business Administration or equivalent
• At least 3-4 years of treasury back-office or cash management experience in a comparable organization.
• Understanding of international banking and regulations, especially for countries in the region.
• Preferably with working experience in managing cashpool and or Payment Factory/Host-to_Host Connection with banks
• Proficient in working with SAP Treasury, databases, spreadsheets, PowerPoint and other IT related productivity tools
• Hands-on knowledge, or must be comfortable with administering electronic banking platforms for large number of users
• Knowledge and application of accounting relevant to the operations area.
• Good communicator, Fluent English both orally and in writing