Treasury Officer - Hybrid

THE ROLE IN A NUTSHELL

Ready for your next step? In this role, you will have the opportunity to work as an integral member of the Glencore Canada Treasury team in our Toronto Office. Reporting to the Regional Treasurer, and working closely with the Treasury Manager, you will be responsible for the timely and accurate management of all back-office treasury operations, as well as provide timely backup to the Treasury Manager.

NATURE AND SCOPE OF POSITION

Nature:

Support and implement the cash, liquidity and operational risk management strategies, tasks and procedures of the Treasury department. Coordinate high dollar volume of real time trades and settlements across multiple financial counterparties on a daily basis.

Scope:

Manage and develop banking and financial community relationships within back and front offices to ensure that all transactions supporting strategies are accurate, timely and appropriate under strict and challenging timelines. Large daily settlement volume creates material dollar values at risk for the company.

SPECIFIC ACCOUNTABILITIES

• Oversee all back-office operations by ensuring timely and accurate confirmation, authorization and settlement of all trades and payments, ensuring controls are strictly adhered to.
Administer all financial assurance, liaising with internal stakeholders to ascertain needs, and
• ing, amending, and cancelling letters of credit and surety bonds. Pay and reconcile all related fees and maintain related reporting.
• Track and reconcile all bank fees.
• Aid in managing cash and liquidity by backing up the Cash Manager, liaising with Canadian sites and other global treasury centres, to ensure that Glencore Canada short-term liquidity needs are met.
• Maintain the Canadian equity portfolio, liaising with local business units and external brokers, and conduct trades by following strict risk management procedures and liaising with corporate counsel.
• Oversee the annual audit confirmation process with external auditors and all financial counterparties.
• Manage pension cash and directions to external pension asset managers.

RELATIONSHIPS

Internal:

Corporate (accounting, legal, tax, , etc.) and business unit finance teams. Site operations personnel.

External:

Financial counterparties, both front and back offices. External auditors, pension trustees, and government ministries.

DIMENSIONS

• Accurate and timely settlement of foreign exchange and other wires of approximately USD $25 billion annually. Settle all money market transactions, $20 billion annually. Maintain and liaise with 2 trustees to ensure compliance and timely interest payments on approximately $4 billion of debt.
• Administer letters of credit of approximately $3 billion across 12+ financial counterparties.
• A university degree in Finance or similar with 1-3 years’ experience, or a college diploma with 5+ years of relevant experience
• Knowledge of financial markets is required, i.e.: money market, foreign exchange and equities.
• The person chosen for this role will be required to communicate and work well within the treasury team, and with others across all business groups and external counterparties.

WORKING CONDITIONS

Capability to oversee extensive transactional activities with a focus on detail and timely execution is essential.

Only candidates with full working rights in Canada will be considered.

Accommodation is available throughout our recruitment process for applicants with disabilities.