Senior Treasury Manager

The Senior Treasury Manager is an important position in the finance department of a company. They are accountable for every aspect of the company's Treasury function, which includes controlling the flow of cash as well as liquidity and the financial risk.Their main goal is ensuring that the business is able to fund its strategic and operational needs while optimizing the utilization of resources available. This includes establishing and implementing treasury policies, guidelines and procedures, coordinating relationships with banks and other financial institutions, and directing the management of cash as well as debt management and investments.The Senior Treasury Manager should have strong analytical abilities to evaluate market conditions and make educated decisions about risk and cash management. They must also have exceptional interpersonal and communication skills to work with a variety of stakeholders, such as auditors, senior executives, and regulators.In general the senior Treasury Manager plays an essential part in ensuring financial stability and maximizing the company's financial performance by implementing effective strategy for managing risk and cash.

As a Senior Treasury Manager with 6-9 years of experience in Canada, your main responsibilities include:

• Oversee cash management activities, including monitoring cash flows, forecasting cash needs, and optimizing working capital. Ensure adequate liquidity to meet financial obligations and maximize investment returns.
• Manage relationships with banks and financial institutions, including negotiating banking fees and maintaining banking relationships. Implement effective treasury services and optimize banking structures to minimize costs and streamline processes.
• Develop and implement treasury policies and procedures to ensure compliance with regulatory requirements and best practices. Mitigate financial risks and maintain accurate financial records.
• Provide strategic financial analysis and recommendations to senior management, including evaluating capital structure, managing foreign exchange exposure, and implementing hedging strategies.

For a Senior Treasury Manager, the following qualifications are required:

• Extensive experience in treasury management, including cash flow forecasting, liquidity management, and risk management strategies.
• Strong analytical and problem-solving skills to assess financial data, identify potential risks or opportunities, and make informed decisions to optimize cash flow and maximize returns on investments.
• In-depth knowledge of financial markets, investment instruments, and banking regulations to effectively manage the organization's investment portfolio and ensure compliance with all applicable laws and regulations.
• Excellent communication and interpersonal skills to collaborate with internal stakeholders, financial institutions, and external advisors, providing strategic guidance and building strong relationships to support the organization's financial objectives.

The role of Senior Treasury Manager is essential for effective treasury operations and financial management. For professionals with 6-9 years of experience in Canada's finance industry, here are four alternative roles to consider:

• Senior Accountant: A position with broader responsibilities, such as financial reporting and regulatory compliance.
• Cash Manager: A role focused on managing cash flow, optimizing working capital, and coordinating banking relationships.
• Risk Manager: A position that involves identifying and mitigating financial risks, developing risk management strategies, and ensuring compliance with regulations.
• Financial Planning and Analysis Manager: A role focused on financial forecasting, budgeting, and providing insights to support strategic decision-making.

The projected growth of the Senior Treasury Manager role in Canada is quite promising. According to a 10-year analysis, the demand for this position is expected to increase steadily, with ample employment opportunities in the future. Factors driving this growth include the expanding financial industry and increased focus on risk management and compliance. With companies realizing the significance of cash flow management, treasury managers with senior-level expertise will be in high demand. As per Google's latest data points, the job market in Canada foresees a positive trajectory for Senior Treasury Managers, making it an appealing career choice for finance professionals.