Manager - Liquidity & Risk Management | Global Treasury Center | Corporate Services

Job Requisition ID: 172561 

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United A”rab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands. Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organisation to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate. 

By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day.

Overview Of The Role:

The Manager of Liquidity & Risk Management within the Global Treasury Center is instrumental in supporting and executing core treasury functions, focusing on liquidity optimization and risk management. The role involves managing cash and liquidity transactions, implementing risk management frameworks, and ensuring compliance with treasury policies. The manager collaborates closely with senior management and other stakeholders to align treasury strategies with the company's financial goals, thereby safeguarding stability and profitability across the Group.

What You Will Do:

Liquidity and Cash Management

• Determine Group cash levels in UAE and ensure a minimum cash buffer is maintained at the Group level.
• Monitor and manage daily cash positions across subsidiaries; assess funding requirements; and oversee pooling arrangements to optimize liquidity concentration in GTC header accounts.
• Ensure timely funding of the header account to prevent overnight overdrafts and maintain adequate liquidity levels.
• Proactively identify potential risks and implement appropriate controls to mitigate them.
• Ensure proper records are maintained in Treasury Management Systems (TMS) for all transactions.
• Optimize funding costs whilst managing short term liquidity and planning for future liquidity requirements.
• Ensure compliance to the Annual Treasury Limits and Cash Management SOPs.

Short term Cash Flow Forecasts

• Report and analyse a short term 12-month rolling direct cash flow forecast on a bi-weekly basis in conjunction with divisions and business units' financial planning and analysis (FP&A) teams.
• Prepare Group 12 months direct cash flow forecast report on a monthly basis.
• Perform regular review sessions with Divisions and provide bi-weekly updates.
• Perform regular variance analysis reports and discuss deviations with the divisions.
• Consolidate and maintain cash flow forecasts in Anaplan.
• Report and discuss significant variances with the divisions / brands.

Counterparty Risk Management

• Update and maintain records of counterparty exposures in line with the Group’s risk management framework.
• Monitor exposures against established limits and flag any breaches or exceptions.
• Prepare regular reports and updates for senior management to support decision-making.

Investment Management

• Execute fixed deposit (FD) placements in line with approved investment strategy and guidelines.
• Update and maintain accurate records of all placements, maturities, and returns.
• Prepare regular reports on deposit performance for review by senior management.

Governance

• Ensure compliance with Group Finance and Treasury policies and SOPs.
• Provide inputs to Global Treasury Center - Governance, Risk Control & Transformation (GTC/GRCT) team on all reporting aspects.
• Provide inputs into cash management strategy including IHB and treasury policies.

Currency & FX Management

• Execute FX spot transactions in line with approved policies, ensuring timely and competitive execution.
• Support optimization of FX management by monitoring execution margins, identifying cost-saving opportunities, and assisting in process automation initiatives.

Others

• Prepare Adhoc reports as and when required.

Required Skills To Be Successful:

• Strong analytical skills.
• Advanced Excel and PowerPoint skills for executive-level presentations.
• Experience with SAP TRM or equivalent Treasury Management Systems.
• Expertise in cash flow forecasting and liquidity management.

What Qualifies You For The Role:

• Bachelor's degree in Finance, Accounting, or a related field. A Master's degree and professional qualifications such as CFA, FRM, or ACT are a plus.
• Minimum of seven years of experience in a similar role within a large conglomerate or multinational corporation.
• Proficiency in SAP TRM or equivalent Treasury Management Systems, with advanced skills in Excel and PowerPoint.
• Experience in cash flow forecasting, liquidity management, and understanding of accounting principles relevant to treasury.

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Before you click “apply”: Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility. Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our Values of Respect, Integrity, Collaboration, and Excellence.

As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process. We make every effort to review and respond to every application.