Country Treasury Specialist at ABB

Job description

As a Country Treasury Specialist you will be responsible to represent Group Treasury function in sub-Sahara Africa oversight countries. Responsible for supporting South Africa Treasurer in sub-Sahara Africa region with operational treasury activities and responsibilities.

Tasks

Your tasks as a Country Treasury Specialist will include the following:

• SSA Treasury responsibilities: Work closely with South African Country Treasurer to support Group Treasury strategy in the sub-Sahara Africa (SSA) countries, incl. support in the proper application of group directives and guidelines. Initiate, follow-up and execute initiatives to improve Treasury processes in SSA as per South African Treasurer and Global CoE priorities and guidelines.
• SSA Treasury CoE responsibilities: Identify treasury processes with potential for alignment, harmonization and improvement across the region. On-going review of treasury activities in the CoE and South Africa to identify and define process for the shift of treasury activities to be executed from the CoE and moved to GBS, incl. the coordination of the move of transactional treasury activities to the GBS. Have operational and transactional treasury responsibilities in SSA countries and the oversight country, incl. e.g. cash management, FX management, and Export & Trade Finance activities.
• Risk management : Review and identify the financial risks relating to Treasury and impacting SSA countries, with the focus on cash management, foreign exchange (FX) management, export and trade finance, funding requirements and insurance risk management. Designs the appropriate risk mitigation strategies and processes. Revue risk management policies to confirm it is in line with Group Instructions, with the aim to protect adverse impact on the company's results and to support the business achieving their targets.
• Best practices : Communicate and implement Finance Group directives and instructions locally, and in the Countries part of the CoE, ensuring cost efficient and best practice treasury and finance processes are in place within the area of responsibility and in line with Group guidelines and practices.
• Process improvement: Drives continuous initiatives and process improvements in Treasury to keep abreast of the latest developments in this area. Segregate the treasury activities in the OC Countries that can be moved to the CoE/ GBS, ensuring stream lined process across the region. Coordinate Group Treasury function initiatives and projects in the SSA region and oversight country.
• Relationship with financial institutions: Assist in the formulation of financial strategies with financial institutions and take up relationship manager role vis-à-vis banks within the region and drive relationship.
• Financing, investment and liquidity: Actively review and monitor the financial situation of SSA countries to ensure they have the required level of financial sources to support current and future business requirements. Defines strategy and guidelines for recapitalizations, the investment of available cash, review the bank accounts structure and propose optimal cash flow hedging solutions (if and where applicable).
• Internal control/compliance: Ensure that internal controls over financial reporting processes are performed effectively and efficiently in the respective areas of responsibility, foremost in relation to treasury activities such as bank account access and segregation of duties.

Requirements

• Ideally you must have a Bachelors/Master’s degree in finance plus further professional qualification coupled with 2-4 years’ of relevant experience within treasury management roles. Y
• ou should have advance level of knowledge of financial instruments and markets, including funding, cash management, derivatives and export & trade finance instruments and should come along with strong network within the finance community.
• You will be well versed with sound understanding of accounting and tax terms.
• Your ability to communicate with senior local, regional management, partners & authorities and working independently without supervision, preparedness to propose and implement change will make you an ideal fit for this role.
• Candidates with exposure to a corporate environment and working with different countries, time zones and cultures will have an advantage.