Department Finance and Governance
Division Treasury and Pensions
About Waltham Forest Council
Waltham Forest is a vibrant, open borough rich in culture and diversity, our residents and businesses recognise Waltham Forest as the best place to live and work in London.
We are a pioneering borough supported by a dynamic workforce. Recent accolades include being London’s first Borough of Culture in 2019, Council of the Year 2019 and Public Finance’s Finance Team of the Year 2020. But we don’t stop there, we have an extensive regeneration programme across the borough; our capital programme is over £500m. We are renewing the Town Hall campus neighbourhood, investing in affordable homes, and developing our ambitious 15-minute city plans. All this ambition needs to be underpinned by a strong, agile finance team and Waltham Forest will be a great place to develop your skills and improve the lives of so many.
Our Public Service Strategy creates a new, all-encompassing definition of public service. It focuses on the most pressing challenges we face, to allow us to quickly respond to the issues Covid-19 has brought to the borough. This includes new responsibilities to embrace to keep our residents safe but also bold new actions to support our residents while remaining focussed on a long-term positive future for Waltham Forest. It recognises everyone’s role in public service and alters the role of the council from provider to partner.
The London Borough of Waltham Forest administers the Local Government Pension Scheme (LGPS) on behalf of 25,000 plus members and over 100 employing bodies including schools. The pension benefits administration for the pension fund is carried out by the Pension Shared Services hosted by London Borough of Wandsworth and including Camden, Merton, Richmond, Wandsworth and Waltham Forest. It has assets of £900m plus, managed by 7 external fund managers and the London CIV (the investment pool for London).
The Council also manages Loan balances of £381m and deposits of £74m.
About the role
We have an exciting opportunity for a Treasury Manager to join our busy treasury and pensions team located at Waltham Forest Town Hall Campus. Due to a recent re-structure this is a newly created role in the Treasury & Pensions Team to develop best practice and would suit a person with the innovation to develop new practices and procedures.
The successful applicant will need to:
Assist in the design and implementation of the Treasury Management Strategy in conjunction with the Council’s external advisors
Ensure that all actions and activities undertaken across all areas of Treasury are fully compliant with Council procedures, Industry standards and best practice and appropriate statutory and regulatory frameworks
Assist in the regular review and revision of the council’s long-term financial strategy, taking account of complex factors and relationships including, but not limited to, financial constraints, new legislation and government policy, sustainability, partnership opportunities and other strategic considerations.
Ensure that all the requisite systems and resources necessary for the proper management of the Treasury function is in place.
To assess financing opportunities for the Council, and to advise the Head of Treasury and Pensions around the most opportune duration and timing of long term borrowing, e.g. from PWLB sources.
Responsible for developing Treasury Management measures to demonstrate compliance, and regularly monitoring performance against these.
Ensuring that Council standing orders, financial regulations and schemes of delegation for decision making have been complied with in relation to the treasury management function; ensure that the Council’s cash flow is robust enough to ensure security, liquidity and yield of the public funds; and to provide advice on all borrowing and lending decisions, including putting in place appropriate investment and borrowing arrangements as required
Responsible for ensuring adequate governance and risk management arrangements are in place for treasury management.
Ensure compliance with the treasury guidance provided by CIPFA and the Secretary of State from time to time along with best practice treasury management;
Help draft reports to formal Council committees and other governance bodies that detail the financial implications of any proposals together with any other financial advice as may be necessary under s151 of the 1972 Local Government Act.
Training for both staff and members: Responsible for maintaining a training log and coordination of training sessions.
Experience at a senior level of investment sectors
Experience at a senior level of local government budget preparation both revenue and capital
Experience of operating in a complex multidisciplinary organisation; programmes and projects; financial management; people management.
Educated to degree standard or equivalent
The postholder will be CCAB qualified, or hold an appropriate qualification.
For current employees with significant work experience, there is an expectation that they will hold or be working towards a relevant qualification.
Along with other experience as detailed in the Job description.
What we offer
- 28 days annual leave, plus public and bank holidays
- Work-life balance options may include flexitime, job share, home working, part-time
- Generous Local Government Pension Scheme
- Cycle to work scheme and season ticket loan
- Excellent training and development opportunities
- Employee well- being training programs
How to apply
Read through job description and person specification and complete the online application form. If you would like any further information about the role before applying, please contact:
Head of Treasury and Pensions
How to Apply
Application Information The councils preference is for on-line application forms. However if you have a disability and are unable to complete an on-line application, please email email@example.com so we can arrange an alternative.
For more information on how to complete your application form, follow this link: Applying for a job at Waltham Forest Council
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