Senior Associate, Treasury Solutions - eFinancialCareers : Job Details

Grade: Senior Associate (£75,000 – 115,000 dependent on experience)

Reporting to: Deputy Director, Treasury and Shared Service Delivery

Direct and indirect reports: None

This role is subject to the Financial Conduct Authority’s Senior Managers & Certification Regime.

To apply for this position please click the Apply button.

Closing date: 30 September 2024 – interviews for suitably qualified applicants may begin sooner.

Background

The Greater London Authority (GLA) operates one of the largest public sector treasury functions in Europe, serving its own needs and those of its strategic partners, in one of the longest standing and most successful shared services within the GLA Group, i.e. the GLA and the Functional Bodies that support the Mayor of London.

This shared service is delivered by the GLA’s Chief Investment Officer (CIO), supported by London Treasury Limited (LTL), the GLA’s wholly-owned investment management subsidiary (of which the CIO is Managing Director), authorised and regulated by the Financial Conduct Authority (FCA).

We are looking for a Senior Associate to join LTL’s treasury team, leading on providing consultancy and solutions to the shared service participants, creating and maintaining detailed financial models, understanding asset and liability risks and then designing and executing relevant transactions.

You will need experience in both advanced financial modelling and understanding complex financial contracts, and be an excellent communicator. You will rapidly need to become familiar with the features of local authority capital finance and regulation, but we welcome applicants from any sector with experience of one or more domains of treasury, corporate or project finance, asset and liability management, credit analysis, banking or investment management.

More about LTL

In addition to delivering the GLA’s treasury shared service, LTL is the Principal Portfolio Manager of the London Treasury Liquidity Fund (LTLF), a unique investment partnership between six local authorities with the ambition to expand. LTLF is structured as an Alternative Investment Fund (AIF) with over £3 billion under management, providing its limited partners with investment outcomes and economies of scale that would be hard to achieve unilaterally.

LTL also provides green finance services including carbon impact analysis and project appraisal, at the heart of London’s ambition to become Net Zero Carbon by 2030. LTL manages the Mayor’s £500 million on-lending facility, the Green Finance Fund (GFF), which provides loans to accelerate the delivery of green projects by the GLA Group and strategic partners across London. Our team also oversees a range of investments managed by third parties and supports the implementation of the GLA Group’s innovative climate budgeting system, whereby climate actions and reporting are incorporated in the group’s main budgeting and monitoring processes.

Recently, LTL merged with Funding London, the GLA’s successful SME and venture capital investment arm, creating a unique organisation spanning the worlds of asset management and public service. The blend of public sector mission and private sector entrepreneurialism and pace makes LTL a truly rewarding working environment. Moreover, working in integration with the GLA’s CFO Directorate keeps us close to the heart of London government and decision-making.

Benefits

This is an exciting opportunity for an ambitious and adaptable professional to deploy their skills to support London’s public services in making most effective use of taxpayers’ money and managing risks. In turn, this underpins the delivery of a range of tangible benefits to Londoners by enabling projects that will improve our city’s infrastructure, housing, economic growth, energy efficiency, biodiversity and air quality.

In return for your commitment to impact and public service, we can offer a competitive salary, a flexible, hierarchy free working culture, membership of the extremely valuable defined benefit Local Government Pension Scheme (LGPS) and generous annual leave (30 days, of which up to 5 are subject to flexible trade-in, plus 8 public holidays).

Key responsibilities