Assistant Manager, Treasury

WPP is the creative transformation company. We use the power of creativity to build better futures for our people, planet, clients, and communities.

Working at WPP means being part of a global network of more than 100,000 talented people dedicated to doing extraordinary work for our clients. We operate in over 100 countries, with corporate headquarters in New York, London and Singapore.

WPP is a world leader in marketing services, with deep AI, data and technology capabilities, global presence and unrivalled creative talent. Our clients include many of the biggest companies and advertisers in the world, including approximately 300 of the Fortune Global 500.

Our people are the key to our success. We're committed to fostering a culture of creativity, belonging and continuous learning, attracting and developing the brightest talent, and providing exciting career opportunities that help our people grow. 

Why we're hiring:

WPP is on a global transformation journey, and this is an opportunity to join and take the lead on cash and liquidity management and related risk management for Group Treasury.

What you'll be doing:

Responsible for the daily management of US & Canada cash position. Ensuring optimal liquidity, efficient cash flow and utilization of financial resources.  This role involves forecasting, reconciliation, banking relationship management and supporting strategic treasury initiatives.

The ideal candidate will possess strong analytical skills, attention to detail and a comprehensive understanding of cash management principles and banking operations.

This role will report into the Group Treasurer key responsibilities are:

Daily Cash Management

• Monitor and manage daily cash balances across all US bank accounts.
• Execute daily cash positioning, including initiating wire transfers, ACH payments, and intercompany transfers.
• Ensure sufficient liquidity to meet operational needs while optimizing investment of excess cash.
• Identify and resolve cash discrepancies and payment issues promptly.
• Manage short term liquidity through CP issuance, investing excess cash in Money Market Funds, term deposits. With an aim to optimize yield and minimize interest expense.

Cash Forecasting & Analysis

• Develop and maintain accurate short-term and long-term cash flow forecasts (daily, weekly, monthly).
• Analyze variances between actual and forecasted cash flows and identify root causes.
• Provide insights and recommendations to optimize cash utilization and minimize borrowing costs.

Banking Relationships & Operations:

• Serve as a primary point of contact for US banking partners regarding daily operations, service issues, and new product inquiries.
• Manage bank account opening, closing, and maintenance processes.

Treasury Systems and Technology

• Optimization the use of the global treasury management systems (TMS) ensuring Global standardization across the platform
• Working with Finance, Finance+ (shared services) and the ERP Transformation team as required on joint or Treasury led developments.

Ad hoc

• Participate in treasury projects, such as system implementations (TMS, ERP), bank consolidations, or new payment initiatives.
• Assist with other ad-hoc treasury analysis and tasks as required.
• Compliance with regulatory requirements, bank KYC and internal controls for US or Group activities as required.

What you'll need:

Essential skills:

• Minimum 4 years of experience within a treasury department of an international business.
• Knowledge and experience of cash and liquidity management including managing short-term loans, derivative arrangements, liquidity, and cash flow forecasting.
• Experience in managing banking relationship
• Line management experience of small or medium sized Treasury teams.
• Strong analytical and problem-solving skills
• Exposure to Treasury management systems (IT2 a plus)
• Excellent project and time-management skills.
• Advanced level of technical proficiency and computer literacy (Word, Excel, PowerPoint)
• Fluency in English (reading, speaking, and writing).

Nice to have:

• CIMA/ACA/ACCA, FRM or any relevant Accounting/Treasury or Risk related qualification desirable.
• Knowledge of banking products.
• Experience in the media, advertising or relevant sector.

Who you are:

You’re open: We are inclusive and collaborative; we encourage the free exchange of ideas; we respect and celebrate diverse views. We are open-minded: to new ideas, new partnerships, new ways of working.

You’re optimistic: We believe in the power of creativity, technology and talent to create brighter futures or our people, our clients and our communities. We approach all that we do with confidence: to try the new and to seek the unexpected.

You’re extraordinary: we are stronger together: through collaboration we achieve the amazing. We are creative leaders and pioneers of our industry; we deliver extraordinary every day.

What we'll give you:

Passionate, driven people – We champion a culture of people that do extraordinary work.

Scale and opportunity – We offer the opportunity to create, influence and deliver projects at a scale that is unparalleled in the industry.

Challenging and stimulating work – Unique work and the opportunity to join a group of creative problem solvers. Are you up for the challenge? 

 

We believe the best work happens when we're together, fostering creativity, collaboration, and connection. That's why we’ve adopted a hybrid approach, with teams in the office around four days a week. If you require accommodations or flexibility, please discuss this with the hiring team during the interview process.

WPP is an equal opportunity employer and considers applicants for all positions without discrimination or regard to particular characteristics. We are committed to fostering a culture of respect in which everyone feels they belong and has the same opportunities to progress in their careers.

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