Assistant Treasurer, Europe & Asia

Job Description

Main purpose of the Role:The Assistant Treasurer, Europe & Asia reports to the Treasurer, Europe & Asia and is responsible for supporting BGC Group, Cantor Fitzgerald and Newmark Group companies in Europe & Asia for their Treasury needs. Key Responsibilities:Core ActivitiesStrategy / Framework / Policy:

• Assist in the ownership and creation of the various Liquidity regulatory reporting, policies and assessment including the Individual Liquidity Adequacy Assessment (ICARA), Recovery Plan and related policies which are reviewed and approved by the respectiveFCALCOs and Boards;
• Asset and liability management, including the management of funding and liquidity;
• Monitoring and adherence to the Boards liquidity risk appetite;
• To take account of all financial and regulatory compliance requirements and associated thresholds; and
• Ensure individuals responsible for managing liquidity are sufficiently experienced and fully understand the requirements.

Cash & Liquidity management:

• Manage day-to-day funding, investment, cash and liquidity positions;
• Manage the eligible Liquid Assets;
• Monitor whether appropriate structural liquidity is maintained within the firms. Assist with proposals and recommendations to the FCALCO and the Board toward the most efficient capital and liquidity structure;
• Ensure liquidity can be accessed to meet requirements, as needed, particularly in a period of stress;
• Maintain access to sufficient intra-day liquidity facilities to meet clearing / settlement obligations;
• Help maintain market confidence in the institutions by appropriate liquidity management;
• Review trade settlement needs and processes to ensure most optimal use of liquidity; and
• Assess liquidity / treasury implications for proposed new products, services and activities.

Network Management:

• Participation in the global management of bank relationships with particular emphasis on ensuring sufficient financing capacity is in place for UK regulated entities and for liaison on creditor related issues.

Limits / Monitoring:

• The assessment of liquidity needs under normal and stressed conditions via:
  • Ongoing monitoring and production of the BLAR and LATR reports
  • Ongoing monitoring of the respective entities adherence to those liquidity requirements
• Ensure sufficient liquidity resources are held to meet own assessment of liquidity needs under normal and stressed conditions.
• Manage cash flows within acceptable mismatch limits and make recommendations as appropriate; and

Internal Capital Adequacy and Risk Assessment (ICARA):

• Assist in the production and annual update of the ICARA and related documents. In particular for the Liquidity, Recovery and Wind Down sections, which are reviewed and approved by the FCALCO and the Board

Stress Testing:

• Maintenance of the stress testing framework, including the local application of the Groups stress testing framework;
• Design appropriate stress testing; and
• Review and update stress testing policy;

Funds Transfer Pricing:

• Assist in the production of the FTP framework for the UK regulated entities, including the local application of the Groups FTP framework;
• Review of FTP policies;
• Review the basis on which business units are charged/credited in respect of funding, liquidity and capital in accordance with the firms cost of carry framework;
• To accurately price liquidity costs, benefits and risks; and
• Ensure appropriate implementation and operational effectiveness of policies;

FX Exposure:

• Monitoring of FX Exposures according to the firms FX risk appetite.

Reporting / Communication:

• Report to the governing bodies, CFO, and CEO of the firm on matters relating to execution issues such as limit breaches, control concerns and implementation of remedial measures;
• Assist in the production of effective and timely communication of asset, liability and liquidity risk positions to the governing bodies, CFO, and CEO of the firm, other internal stakeholders and the Group as appropriate;
• Review exceptions / excesses to internal and regulatory policies and limits;
• Escalation of issues to management / committees as required;
• Report on the effectiveness of Treasury processes, policies and controls when requested; and
• Review and challenge of FCA liquidity reporting (FCA047 / 048);