Group Treasury Officer
This is a Permanent, Full Time vacancy that will close in {x} days at {xx:xx} BST.
The Vacancy
This is a wide-ranging role which will require regular interaction with senior stakeholders across our existing entities as well as ensuring appropriate and effective onboarding of newly acquired businesses whilst ensuring full FCA compliance. Smooth onboarding and management of all bank accounts, MID’s and payment portal access with dual payment approvals implemented. Ensuring identified CASS breaches are reported via our compliance platform, subsequently investigated and resolved/closed in a timely manner – making improvement suggestions as necessary. Support the Finance Director (Regulatory and Client) in all matters affecting teams access and processes.
Key Responsibilities
- Ensure all Key Performance Indicators are achieved and are attained compliantly with FCA regulation.
- To ensure dual authorisation across all bank accounts
- Maintain bank accounts log and team member online systems access
- Close dormant/run-off accounts in a timely manner
- Streamline the service needs of business and banking relationships keeping updated beneficial ownership and Director information for ease of reference
- Ensure client money is handled and reconciled in accordance with FCA regulation and internal procedures, as detailed in the Compliance Manual.
- Be aware of the company’s Compliance Manual and ensure a full understanding of the following chapters. Ensure full compliance to the procedures contained within the manual.
- Financial requirements
- Complaints
- Training and Competence / TCF
- Report any potential breaches, including weaknesses in current systems, to Finance Director (Regulatory & Client)
- Ensure personal data (client and employee) is secure, held and properly utilised in accordance with the principles of the Data Protection Act.
- Monitor account balances to avoid overdrawn status
- Prepare office sweep balance reports for authorisation by the Group Treasury Manager
- Serve as the secondary contact with commercial banks in cash management services, trust, custody and with business managers regarding day-to-day treasury needs
- Prepare account opening forms in accordance with the PAS, obtaining the appropriate CASS5 letter from the bank and close accounts in a timely manner as run-off concludes
- Maintain and update bank mandates of all entities ensuring early adoption of central requirements for dual signatories and addition of senior board on all bank accounts
- Review and analyse banking fees to identify cost reductions
- Serve as secondary administrator on online banking platforms
- Support internal and external auditor requirements and take any necessary action for issues identified
- Manage corporate card users applications and online account ClearSpend
- Prepare and maintain user access to online/integrated card payment portals. MID requirements & system integration
- Monitor adherence to client money requirements across all group businesses, including businesses with their own cashbook functions – reporting and following up all CASS breaches on the compliance portal and providing team feedback to improve knowledge.
- Take proactive action to move DDM’s to the central bank account with the intention of closing excess office bank accounts
- As we continue to grow JMG Group is continuing to invest in technology solutions and you will be expected to be instrumental in the roll out of new systems and team training
Key attributes:
- Clear, concise and confident communicator, happy to take the lead;
- Proven organisational skills and the ability to effectively prioritise tasks;
- Experienced in analysing information
- Good interpersonal skills;
- Good PC skills, especially MS excel;
- Previous experience in Treasury finance is desirable.
- Banking industry, Insurance industry and regulated environment experience advantageous, but not essential.
If you have any banking system experience such as Barclaycard MID, Credit Cards, NatWest, RBS, HSBC, Bank of Scotland, Virgin Money or Santander then this would be highly advantageous
The Company
JMG Group is a private equity-backed insurance brokerage, headquartered in Guiseley, Leeds, with a strong and growing presence across the UK. As a Top 30 broker with over 800 employees, we are experiencing rapid growth and continued success in the market.
We place in excess of £350 million in Gross Written Premium annually, and our teams are highly respected throughout the insurance industry. At the heart of our business is a commitment to customer excellence and always doing the right thing—values that shape everything we do. Our success is driven by our talented people, modern systems, and robust processes, all of which enable us to deliver exceptional service and build long-term relationships with our clients and partners.
Our Values
We don’t pretend to be the biggest or something we are not. We are really good at recruiting the best people in our market, looking after them and freeing them up to focus on what our customers want from us – professional advice, creating competition for their risk and sorting it out if they have a claim. We pride ourselves on this.
We believe size is important in our market as, without it, it’s harder to negotiate with insurers on behalf of our clients. Growing organically is everything to us, as it reinforces every day that our simple focus is on point – do everything to win and retain our customers.
Einstein called it, we believe in it. Risk and Insurance and running a regulated business is complex, and becoming more complex. At every opportunity, we try to distil what we do into a format that makes it easy for our clients to understand and make informed decisions.
To attract the best team you have to look after them. We invest in our teams constantly to get the best outcome for our clients. The investment takes many forms – continual training (technical, leadership, personal – basically whatever lifts that person into their better selves); a share in the ownership (if you own a bit of it you treat it differently); mentoring; flexible working; the list goes on. We don’t have any real assets on our balance sheet other than our team.
Whether it’s supporting local charities or sports clubs through sponsorship; introducing our clients to other clients to help expand their networks and grow their income; supporting our team when they have family challenges and we need to find a more flexible working pattern; or giving everyone their birthday off to enjoy the moment. We like asking ourselves “what’s the right thing to do” in any given situation.
When we decided to support 5 charities and raise £45,000 for them in our 45th year, we stretched ourselves beyond belief!
We are a supporter of local secondary schools in our communities – helping the students prepare and practice writing CVs, being interviewed and, generally speaking, ready for work.
Benefits
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