Transport for London Hiring for Corporate Finance Analyst Job at London, England Full Time

Salary £50k – £57k
Location London
Contract Type TfL

Overview of project/role
Transport for London (TfL) plays a key role in shaping what life is like in London. Our transport infrastructure and public transport network is admired around the world. We are helping to shape London for the future – making it one of the best cities to live, work and visit.

In the wake of the coronavirus pandemic we are committed to supporting London’s recovery, safely and sustainably, and to gradually welcoming our customers back to the network over the coming weeks and months. To meet the needs of our customers, now and for the future, we’re providing the modern and affordable transport network London needs.

Our multi-billion pound programme supports our goals to make our services more reliable, frequent and accessible and includes introducing new trains, rebuilding some of the busiest stations, and investing in congestion and air quality initiatives on our roads through our healthy streets approach.

To continue our drive to efficiency, we’re making big changes at TfL. Our finance function is evolving to ensure a sharp focus on TfL’s core business priorities. We’re doing this by building a new division that acts as the ‘commercial brain’ to the business integrating finance, procurement and supply chain to provide stronger strategic and commercial excellence across our business.

About the role
The Corporate Finance Analyst (Investments & Derivatives) will join the treasury team in delivering TfL’s investment and risk management strategies. As you progress you will act as primary dealer for the cash investments portfolio worth over £1bn, executing high value money market transactions (including commercial paper, repos, certificates of deposit, money market funds and fixed deposits). You will ensure that adequate liquidity is maintained at all times by analysing cash flows and carefully planning the maturity of investments.

Reporting to the Senior Corporate Finance Manager you will assist in managing foreign exchange and interest rate risks, including maintaining any existing hedging programmes. As well as providing analytical support, you will be required to execute spot and derivative transactions. By building strong relationships with a range of internal and external stakeholders you will help to ensure that derivative programmes meet business needs and are accurately reported.

Outside of dealing duties the Corporate Finance Analyst will support investment and risk management decision making by providing insightful analysis. You will need to keep abreast of financial market news, regulatory and compliance requirements and present key insights to internal stakeholders. You will be expected to respond flexibly to the broad needs of the department and support other areas of treasury as required including cash forecasting, reporting, audit and compliance requirements
This truly is an exciting opportunity to work in a high performing team responsible for TfL’s corporate finance and treasury activities.

About you
You will be an experienced Treasury or finance professional with an excellent understanding of financial markets and financial instruments. We are looking for a confident individual with an exceptional attention to detail, who can execute transactions accurately in a pressured environment. You will be a team player, but also have an ability to work independently and take full ownership of relevant responsibilities.
You must be highly numerate and have a natural curiosity for financial markets. You need to demonstrate the ability to retrieve, interpret and analyse complex financial data and to provide meaningful insight to both finance and non-finance stakeholders by communicating clearly and confidently.
In order to make robust investment decisions, you will need to understand the relationship between security, liquidity and yield and be able to negotiate the relative value of cash investments and derivatives. This requires the ability to develop and maintain excellent relationships with both internal stakeholders and financial counterparties.
Experience of Quantum treasury management system functionality would be an advantage. You should be proficient in Bloomberg, including the use of data feeds into Excel, or have a strong aptitude to learn. Knowledge of treasury related accounting principles, such as hedge accounting, and understanding of back office operations, including settlements and payments, are also desirable.
You must be educated to a degree level or equivalent and either have gained relevant professional qualifications or have a strong desire to further develop your knowledge.

Key Accountabilities

• Build complex financial models, provide quantitative analysis and make recommendations to support decision-making relating to TfL’s corporate finance activities.
• Create presentations, reports, briefings and other documents and participate in meetings with internal and external stakeholders, including lenders, contractual counterparties, senior TfL officers, government agencies, service providers and credit rating agencies.
• Perform research and analysis in respect to capital structure, balance sheet classification, corporate and projects’ funding and financing options, cost of capital, liquidity, counterparties’ creditworthiness, regulatory and compliance requirements and working capital management.
• Manage the cash forecasting process, reporting and documentation.
• Undertake activities to develop, implement and maintain TfL’s banking, risk management and borrowing programme
• Procure and Manage the work of external / professional advisors to TfL which have been engaged through Corporate Finance.
• Deliver new or restructuring of existing large project in excess of £100m capital value or structured finance transactions.
• Develop funding policy and commercial negotiations with private sector parties and government.

Skills, Knowledge & Experience

Skills

• Treasury strategies & policy management (Practitioner)
• Corporate Financial Management (Practitioner)
• Financial modelling (Experience)
• Financial analysis (Experience)
• Communication & influence with internal and external stakeholders (Practitioner)
• Legal knowledge (Entry)-Contract review (Practitioner)
• Risk management policies and procedures (Practitioner)
• Transaction structuring (Practitioner)
• Financial and commercial due diligence (Practitioner)

Equality and Diversity

We are an equal opportunity employer and value diversity. We do not discriminate on the basis of race, religion, ethnicity, gender, sexual orientation, age or disability status.

On this recruitment campaign, as part of TfL’s continuing commitment to be an inclusive and equal opportunity employer we will be removing personal identifiable information from CVs and covering letters that could cause discrimination. (If you are using Mevitae please add the above statement)

Application Process (choose one with your manager)

Please apply using your CV and a two page covering letter.

Think carefully about the skills, knowledge and experience in the advert and cover this in your CV and cover letter.

The closing date for applications is XX XXXX 2021 @ 23:59

Benefits

In return for your commitment and expertise, you will enjoy excellent benefits and scope to grow. Rewards vary according to the business area but mostly include:

• Final salary pension scheme
• Free travel for you on the TfL network
• A 75% discount on National Rail Season Ticket and interest free loan
• 29/30 days annual leave plus public and bank holidays (delete one)
• Private healthcare discounted scheme (optional)
• Tax-efficient cycle-to-work programme
• Retail, health, leisure and travel offers
• Discounted Eurostar travel