Manager, Treasury

JOB SUMMARY

The Treasury Branch is responsible for managing the City of Ottawa’s investments, banking, cash flow forecast, capital and operational debt financing programs, legacy Pension Plans, credit rating relationship, and commodity and interest rate hedging programs. This entails, but is not limited to, ensuring prudent management of cash and investments portfolios in excess $3 billion, managing cost effective City banking operations, including management of a $5 billion cash flow forecast, management of the City's $500 million and growing Sinking Funds, management of the multi billion dollar and capital debt program, as well as the $1 billion Promissory Note program, ensuring the City maintains its AAA credit ratings, managing the investment and administration of the two legacy pension plan, and the management of the multi million dollar commodity hedge programs and multi million dollar interest rate hedge programs.

You are responsible for providing leadership and direction to the Branch and recommending strategic program objectives to senior leadership that includes the City of Ottawa’s banking, treasury functions (investments, capital financing & debt, hedging, banking and custody), stranded pension plan administration, and the establishment and implementation of branch priorities and programs which align to corporate vision, goals, and strategic planning initiatives. You are also responsible for establishing and maintaining positive client relationships with internal and external management and partners.

In addition, you manage the implementation of Branch strategies and the operations of the work unit’s financial and human resources, and are accountable for hiring and firing, performance management, the discipline of staff, and chairing Level 2 grievance hearings.

EDUCATION AND EXPERIENCE

Completion of Master's degree in Business Administration, Finance or Commerce or a related discipline or CFA designation or equivalent. 

Minimum of 8 years of progressively responsible senior level experience in treasury, investments, portfolio management and capital market debt issuance including cash management, money market operations, banking and foreign exchange activities, including a minimum of 5 years in the management of human resources and external contract resources, and management of operating and capital budgets, preferably in a municipal setting.

CERTIFICATIONS AND LICENCES

KNOWLEDGE

• Short and long term fixed income investment products.
• Investment policy, strategy and risk measurement.
• Financial markets, including their operations, practices and conventions.
• Knowledge of fixed income valuation and pricing techniques, performance measurement, models and systems.
• Municipal finance legislation and regulations concerning capital financing, Sinking Funds and investments.
• Capital market financing in domestic and foreign markets both public and private.
• Financial software applications used in investment management and transaction settlements, debt administration and to develop financial models to evaluate investment and debt alternatives.
• Financial reporting and control, used both within and outside government.
• The City of Ottawa and its policies and procedures
• Legislation, policies, regulations and guidelines relevant to the operational area
• Development and implementation of long range and short term strategies for fixed income investment products
• Trends and developments in the investment environment
• Management principles, planning, budgeting and supervision techniques and practices
• Economic and statistical analysis and research techniques
• Policy and program analysis, development, implementation and evaluation techniques
• Performance measurement and management practices
• Financial and other related business practices
• Contract document preparation, the tendering process and supervision of field services
• Working knowledge of corporate human resource policies, practices and collective agreements related to managing in a unionized environment, including hiring, dismissal, performance management and the grievance procedure
• Methods used to deal with the media in a professional manner
• Computer applications and corporate systems, including MS Office, SAP and other related systems and applications 
• Must be familiar with applicable health and safety legislation, have knowledge of any potential or actual danger to health or safety in the work place, and have knowledge of appropriate actions to be taken in order to ensure the health and safety of staff in accordance with applicable legislation and City policies and procedures.

COMPETENCIES, SKILLS AND ABILITIES

Core Behaviours
Core behaviours define the City's expectations of the behaviours employees should demonstrate in performing their work.  They are reflective of the City's culture and values and guide all our present and future activities.  Every employee is encouraged to learn, embody, and demonstrate these core behaviours.

Review the Core Behaviours.

Leadership Competencies
The City has defined key competencies that leaders are expected to embody and demonstrate to successfully move the organization towards achieving its strategic objectives and create an organizational culture that supports and empowers employees to excel, grow and reach their full potential. These leadership competencies and associated behaviours are expected to be demonstrated by leaders at all levels of the organization. 

Review the Leadership Competencies.