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Senior Manager (Treasury) Front Office

Angel Court, London

Flexible/Hybrid working options up to 3 days per week working from home

Permanent

£75K - £88K per annum + fantastic benefits including 25% Management Bonus Scheme

Full time 35 Hours per week

Here you’ll be welcomed. We champion diversity and we understand the importance of our people representing the communities and customers we serve. You’ll find an inclusive environment where you can be yourself and where everyone is driven by the same purpose – helping people live longer, healthier, happier lives and making a better world.

We serve 43 million customers and employ more than 80,000 people, principally in the UK, Australia, Spain, Poland, Hong Kong, Chile, Brazil, Mexico, Turkey, the Middle East, the US, Hong Kong, New Zealand, and Ireland. We also have associate businesses in Saudi Arabia and India. Around 70% of our revenue is from health insurance, with the rest from health and care provision.

Sustainability is an important part of our purpose, with ambitious targets to be a Net Zero business across all emissions by 2040, while investing in sustainable healthcare solutions and improving people’s health through the restoration and regeneration of nature.

With 2022 group revenues of £14bn, cash & financial instruments of c.£5bn and c.£2.5bn of borrowing – the Treasury function has a very high level of exposure at both board level and with external analysts and regulators.

The Front Office team play a vital role in the function, covering FX and interest rate hedging, managing liquidity and short duration investments, and managing related financial risks. This role exists primarily to oversee all aspects of dealing activity undertaken by Group Treasury Front Office.

What you’ll do:

Being responsible for FX & interest rate dealing, liquidity management, market risk, performance management and regulation. Duties include:

• Set and monitor appropriate systems, controls and processes within Front Office.
• Ensure that PRA/FCA/EMIR and other regulatory requirements are complied with in dealing activity.
• Responsible for keeping up-to-date with market movements which may impact Bupa’s market risks and positions.
• Oversee all dealing and dealing projects within Group Treasury.
• Manage short-term liquidity for several of the Group’s key business units in line with parameters set out in internal Investment Management Agreements.
• Manage short term Group liquidity and produce weekly forecasts based on latest business information.
• Ensure sufficient liquidity is available to meet margin call obligations where CSAs are in place with derivative counterparties.
• Manage rollovers of the Group’s intercompany loans.
• Drive business unit cash repatriations and funding requests Investment Risk and Performance Management.
• Review new cash and investment opportunities with banks, brokers and asset managers.
• Manage the short duration elements of the insurance investment portfolios in Bupa Insurance Limited (UK), Bupa Health Insurance (Australia) and other key insurance entities.
• Keep up to date on relevant regulations including Solvency II, EMIR, MiFID II and anticipate implications for Front Office processes, controls and governance.
• Maintain working knowledge of regulatory developments relating to financial markets, and provide regular updates on relevant regulatory changes to senior management and governance committees as required.

What you’ll bring:

• Educated to degree level (min 2:1) in a relevant subject e.g. Maths, Economics etc.
• Professionally qualified in either ACA, CIMA/ACCA and/or AMCT/MCT. The successful candidate will be expected to complete the AMCT if not already completed/part qualified.
• Strong technical knowledge and ability, combined with an ability to find relevant information and solutions.
• Excellent overall financial market experience.
• Previous dealing experience.
• Excellent understanding of financial instruments in the cash, fixed income and foreign exchange markets.
• An excellent understanding of Front Office controls and processes.
• Knowledge of cash management and dealing processes and systems.
• An excellent understanding of Front Office controls and processes.
• Insurance background desirable

Why Bupa?

We are a health insurer and provider. With no shareholders, our customers are our focus. We reinvest profits into providing more and better healthcare for the benefit of current and future customers.

Our benefits are driven by what matters to our people. It’s important to us that these benefits support a work-life balance that keeps people healthy, both mentally and physically. You will be eligible for:

• 25 days holiday, increasing through length of service, with option to buy or sell
• Bupa health insurance as a benefit in kind
• An enhanced pension plan and life insurance
• Annual performance-based bonus
• Onsite gyms or local discounts where no onsite gym available
• Various other benefits and online discounts

Diversity and Inclusion

Bupa is committed to making sure that every applicant is assessed solely on personal merit and qualifications. We actively celebrate the diversity of our colleagues and provide an inclusive environment so you can bring your true self to Bupa. We’ll make sure you are treated fairly. That’s why we’re happy to offer reasonable adjustments as part of our recruitment process to anyone that needs them.

Whether you’ve found your feet or are discovering a new path.

Welcome to a place that celebrates you.

This isn’t where you've been.

This is where you're going.

This is what we have belief in.

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