Treasury Director, Operations

Treasury Director, Operations

Life Unlimited. At Smith+Nephew we design and manufacture technology that takes the limits off living.  

Life Unlimited. Smith+Nephew is a portfolio medical technology company focused on the repair, regeneration and replacement of soft and hard tissue. We exist to restore people’s bodies and their self-belief by using technology to take the limits off living.

Group Treasury is responsible for all funding, foreign exchange and cash management activities of the Group, with a central function located in the UK, supported by dedicated treasury colleagues in India, Brazil and Singapore.

Position Overview:

The Treasury Director - Operations is a pivotal role within the Global Treasury function, encompassing a wide range of responsibilities from daily operations to strategic projects. This role is essential for ensuring the financial stability and efficiency of the organization.

What will you be doing?

Leadership & Management:

• Lead and manage the treasury front office teams in the UK and India, fostering a collaborative and high-performing environment.
• Provide coaching and support to ensure the continued growth, engagement, and commitment of team members.
• Ensure appropriate technical treasury knowledge of team members.

Market Risk Management:

• Supervise the execution of all FX trades in line with policy.
• Advise global businesses on currency exposures, and support policy changes and implementations.
• Monitor interest rates and execute transactions to effectively manage associated risks.
• Assess, recommend and execute hedging strategies.

Cash Management:

• Develop processes to monitor and consolidate cash flow expectations across the Group. Work with local teams to understand flows and to improve forecast accuracy going forwards.
• Manage and optimise group pooling structures. Support cash repatriation.
• Consolidate operational banking into preferred banking partners.

Group Funding:

• Ensure accurate settlement of all Group treasury transactions.
• Optimise the use of facilities on a daily basis.
• Invest surplus funds in deposit and money market fund instruments.
• Assess, recommend and implement alternative cash investment outlets.

Treasury Reporting:

• Produce the monthly treasury management information pack.
• Continuously update, automate, and improve the visualization of treasury activities.
• Provide timely and accurate financial data to support decision-making

Treasury Policy:

• Annually review and update the treasury policy to ensure it remains aligned with the organization's strategic objectives, regulatory requirements, and best practices.
• Collate exposures data and update assessment of value at risk to refine which currencies to hedge and hedging strategy at least annually.

Counterparty Risk Management:

• Assess and manage counterparty risk by monitoring exposures and monitoring early warning indicators for potential deterioration in the credit quality of banking partners. Change approach as needed to minimise risk.
• Ensure compliance with Group policies and provide guidance on counterparty risk-related matters across the Group.

Treasury Systems:

• Continually assess current technology, and market trends to maintain a treasury technology roadmap of improvements. 
• Manage transactions within the Group Treasury Management System, optimizing its usage to enhance the quality, accuracy, and efficiency of treasury operations.
• Deliver enhancements to the treasury systems.

Treasury Accounting:

• Support back-office requirements for accounting and reporting on complex financial instruments utilized by Treasury.
• Oversee quarterly, half yearly and full year disclosures relating to borrowings, cash and derivatives.

Relationship Management:

• Cultivate strong, effective relationships with key existing and prospective banking partners, vendors, and intermediaries.

What will you need to be successful?

• Education: Bachelor’s degree required
• Qualifications: appropriate qualifications in treasury and finance.
• Experience: Minimum of 10+ years of experience in Treasury and Finance.

Personal Attributes:

• Leadership:
  • Be a passionate advocate for the organization and the treasury function.
  • Anticipate market changes while managing day-to-day processes.
  • Experienced engaging with international teams and markets.
• Self-directing:
  • Experienced at shaping and delivering the treasury agenda.
• Team Management:
  • Develop a high performing team with knowledge of strengths and development needs.
  • Provide coaching and support to nurture continued growth, engagement, and commitment.
• Communication:
  • Strong communication upwards, downwards, and outwards.
  • Calm under pressure and measured when addressing operational challenges. Timely communication.
  • Describe complex problems with simplicity and clarity.  Develop simple solutions that can be easily communicated.
  • Nurture excellent reputation with relationship banks.
• Process mindset
  • Develop robust processes, then refine and improve over time to optimise outcomes and performance.
• Integrity:
  • Maintain high ethical standards and demonstrate a proven ability to follow appropriate policies.

You. Unlimited.

We believe in creating the greatest good for society. Our strongest investments are in our people and the patients we serve.    

Inclusion, Diversity and Equity: Committed to Welcoming, Celebrating and Thriving on Diversity, Learn more about our Employee Inclusion Groups on our website

Your Future: annual bonus, life insurance, company stock saving plan

Work/Life Balance: paid volunteering hours, flexible approach

Your Wellbeing: private health care with dental care package, multisport card/my benefit platform

Flexibility: possibility of working in hybrid model

Training: Hands-On, Team-Customized, subsidies for language classes, certifications and postgraduate studies

Extra Perks: referral bonus, recognition program, mentoring program

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