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:

As Treasury Assistant Manager plays a critical role in supporting the overall treasury function, with a focus on optimizing liquidity, managing financial risks, and enhancing treasury operations. This position involves overseeing daily cash management activities, contributing to cash forecasting and analysis, assisting with banking relationships, and supporting debt and investment management.

The ideal candidate will possess strong analytical capabilities, a proactive approach to problem-solving, and a solid understanding of corporate finance and treasury principles. This role offers an opportunity to develop leadership skills and contribute to strategic treasury initiatives. Line management of at least 2 FTE.

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

Cash and liquidity management

• Oversee and direct the daily monitoring and management of cash balances across all US bank accounts, ensuring optimal liquidity and efficient fund utilization.
• Review and approve daily cash movements, including wire transfers, ACH payments, and intercompany transfers.
• Ensure sufficient liquidity to meet operational needs while strategically optimizing the investment of excess cash.
• Actively manage the Supply Chain Finance program to optimize short-term working capital.

Cash forecasting

• Lead the short-term cash forecasting process, collaborating with various agencies to gather inputs and refine projections
• Analyze variances between actual and forecasted cash flows and identify root causes and propose strategic recommendations
• 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.
• Conduct regular bank fee analysis to ensure competitive pricing and identify cost-saving opportunities.

 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

• Lead 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 5-10 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:

• CTP, FRM or any relevant Accounting/Treasury or Risk related qualification desirable.
• Knowledge of banking products and services
• 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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