Job Description

In this role, you will have significant exposure to all subsidiaries across the EMEA region and will work closely with them to ensure their compliance with the Group’s Treasury guidelines. You will also have responsibility for managing the Global Inter-company Netting System and ensuring it operates efficiently twice a month in accordance with the Group’s strict netting guidelines.

The role has main responsibilities:

• Ensure Back Office operations processes and procedures are performed efficiently.
• Regulatory Management - ensuring compliance with external regulatory guidance.
• Group Policies - monitoring the subsidiaries’ treasury duties are carried out at all times in compliance with Samsung’s policies and guidelines.
• Internal and External Audit – performing internal treasury audits and following up on action points to ensure recommendations are fully implemented. Supporting subsidiaries with external Auditors’ queries related to treasury activities performed by the RTC.
• Inter Company Loans – maintaining the agreements to ensure they are kept fully up to date and highlight any action required. Monitoring interest and payment flows to ensure accurate recording.
• FX Portfolio Reconciliation – ensure the annual FX portfolio reconciliation against the bank’s records and our data uploaded to the Depository is completed in timely manner.
• Bank Mandates – ensuring they are kept fully up to date, reconciled on a regular basis with the bank’s records and comply with the group’s bank mandate guidelines.
• Treasury Reports – working closely with other RTC members to complete the Monthly Treasury Report in addition to any other ad-hoc reports requested urgently by Senior Management.
• Treasury Service Charges – calculating and reporting the re-allocation of the RTC quarterly service costs to the group’s subsidiaries and answering queries relating to the re-allocation.
• Netting Management – responsibility and management of the twice monthly netting cycles. Oversee the information collection, calculate the net position and reconcile the bank accounts.
• Process Support – be the main point of contact for the subsidiaries and facilitate the speedy resolution of any disputes between participants with regards to the inter-company netting transactions.
• System – responsibility for instructing bank regarding the administration, data uploading and FX trading to enable the reporting and settlement of the netting transactions on behalf of the Subsidiaries.
• Daily Cash Position – collecting cash forecast data from subsidiaries and treasury/ banking systems to enable the accurate calculation of our cash position.
• Back Office Settlements – process the confirmation and settlement of FX & Money Market on a timely manner.
• Systems Administration – keeping user’s access and credentials on both SAP and Electronic Banking systems up to date and in accordance with the relevant bank mandates.
• Support subsidiaries on their bank account administration, from opening new accounts to keep authorized signatures up-to-date.
• Cover 3rd party payment process (Payment Factory), including subsidiaries queries.

Required Knowledge, Skills, and Abilities

• Strong attention to detail and an ability to organize multiple streams of work; keep things on track while consistently meeting tight deadlines.
• Self-aware, reflective, able to learn from mistakes, open to critical feedback, and an ability to learn quickly while on the job and through formal training.
• Excellent interpersonal skills and able to communicate effectively, both verbally and in writing, with a wide range of people at all levels.
• Ability to work quickly, accurately and consistently when under pressure.
• Initiative and motivation to address issues without being asked to do so and a pro-active approach.
• Corporate Treasury experience at a multinational, with good technical knowledge of Cash & FX Management as well as Middle & Back Office processes and Banking documentation.
• AMCT qualified (preferable)
• Bachelor Degree (Finance/ Business degree preferred), 2:1 or above
• Strong written and spoken English to a professional level.
• MS Office skills with Excel advanced level.
• Availability to undertake travel overseas.