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Role purpose:

Working within the Interest Rate, Liquidity and Foreign Exchange team, the role of Assistant Treasurer (IRM) is a key position within the wider Group Treasury Department.
The role sits within the team responsible for (i) the management of all interest rate exposures in relation to the Group debt portfolio via the usage of derivative hedges as permitted within Treasury Policy (ii) the daily liquidity management of all recourse subsidiaries within the Vodafone Group, (ii) the management of the Group’s foreign currency debt position and exposures in accordance with the Group Treasury Policy, (iv) the production, monitoring and subsequent achievement of the Group consolidated interest forecast (P&L circa £1.4bn per annum), (v) the ongoing maintenance and development of the Group wide Treasury Policy and (vi) advising subsidiaries and the VOCH on treasury related issues as they may arise.

On a daily basis the team deals with large amounts of transactions each for large amounts (up to $500m per transaction) meaning updating and following the defined controls are essential as is the understanding of the appropriate treasury products and an ability to cope with the ever-changing financial markets and product innovation.

Key accountabilities and decision ownership:

• 
  Transact complex interest rate derivatives such as interest rate swaps, interest rate futures and cross currency swaps as permitted within Treasury Policy to mitigate interest rate and currency risk.
• The production, monitoring and subsequent achievement of the Group consolidated interest forecast (c. €1.4bn per annum).
• Understand interest rate yield curves in all relevant currencies to assist with decisions regarding tenor and currency of borrowings or deposits.
• Execute where necessary hedges to lock in the borrowing costs of bonds prior to issuance.

Core competencies, knowledge and experience:

• 
  Must have at least 5 years’ practical experience of working on the FX, interest rate or cash desk of another complex international corporate or bank.
• Must have thorough understanding of interest rate parity, option skew, VAR and implied volatility
• Must have thorough understanding of accounting standards, IAS 21, IAS 39 and in particular hedge accounting and derivative valuation.
• Must be able to demonstrate and maintain a natural interest in the global economy, global politics and central bank signalling that can be translated into improved day to day risk management tactics

Must have technical / professional qualifications:

• 
  Degree qualified plus ACCA or ACT or equivalent qualification
• Degree must be of financial nature e.g. economics with finance, risk management etc.
• Experienced Bloomberg user

What’s in it for you?

• 
  28 days holiday (with the option to buy or sell 5 days) plus public holidays
• Flexible working
• Pension matching scheme of up to 10%
• 5 paid days leave for charity projects
• MyChoices portal - cycle to work scheme, 100’s of retail discounts, shares and salary sacrifice schemes
• Vodafone family and friends discount
• Interest free commuter loan
• Global parental leave policy, 16 weeks fully paid leave and upon returning to work, new parents can work part-time hours for 6 months whilst being paid their full-time salary.
• Access to Vodafone University and LinkedIn Learning

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