Head of Treasury

2 weeks ago


Davao City, Davao, Philippines Tonik Full time
  • Reports to the Chief Financial Officer (CFO) of Tonik Digital Bank Inc. (the Bank or TDBI);
  • Assists the CFO in managing the liquidity of the Bank's operations, including securing both long-term and short-term funding needs, maximizing short-term profitability of Treasury operations, and managing the relations with all debt funding sources, securities operations, foreign exchange operations, and supporting correspondent bank relations;
  • Manages and monitors compliance to the counterparty limits set by the Bank;
  • Evaluates and ensures the safety and profitability of the Bank's investment portfolio derived from excess funds not used for the origination of customer loans;
  • Initiates regular calls with the Banko Sentral ng Pilipinas (BSP) to place excess funds, upon instructions of the Treasurer;
  • Collaborates with the CFO and Chief Accountant on the following:
  • Preparation and submission of various Treasury reports i.e. liquidity gap analysis, cash position report, source and uses report;
  • Collaboration with the Chief Accountant on the timely and accurate booking/accruals of interest income earned from placements and various investments;
  • Generation of cash flow forecast and projections for reporting to management;
  • Preparation of the Asset and Liabilities Committee (ALCO) which will include, at a minimum, liquidity reporting, gap analysis, cash flow forecast and other internal Treasury reports to both the Bank's CFO/Treasurer and Tonik Financial Group CFO;
  • Approves payments for Accounts Payable, Retailer partners, etc.
  • Performs rolling 18 -month forecast for Cash flow for TDB and assists TDB and TF CFOs for overall Group cash flow forecast as well

Qualification

  • Graduate of Finance, Business Management, Management Engineering or similar degree
  • Has BSP requirements to trade with the BSP (ie. Repos, etc.)
  • Experience of at least 5-10 years working in a similar role, under the Treasury function, within the banking industry
  • Working knowledge of standards of reporting required by BSP and other financial regulatory entities
  • Some experience working with regulators (BSP, BIR) and their reporting requirements
  • Responsible, self-motivated, must be capable of and enjoy working independently, driving decisions and having an entrepreneurial mindset
  • Above average verbal and written communication skills, especially in English
  • Above average Excel skills
  • Wants to be challenged and looking for an entrepreneurial setup/culture
  • Relentless, self-starter and willing to go the extra steps in order to create a solid Treasury function
  • Passionate about making a difference in the unbanked wants to have fun with a great group of people

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