Prudential plc is an Asia-led portfolio of businesses focused on structural growth markets. The business helps individuals to de-risk their lives and deal with their biggest financial concerns through life and health insurance, and retirement and asset management solutions. Prudential plc has 20 million customers and is listed on stock exchanges in London, Hong Kong, Singapore and New York.
Prudential was founded in London in 1848 on the principles of integrity, security and prudence and we still adhere to those principles today.
The Group treasury function manages the central liquidity of the group, undertakes hedging on behalf of the Group’s central entities, oversees securities services for the Group, manages relationships with the credit rating agencies, manages relationships with the Group’s lending banks and raises debt and manages credit investor relationships. It also provides guidance to the treasury functions within the Group’s business units and sets policy in respect of liquidity, in particular the Group’s collateral management framework. The team are also the subject matter experts for Reval, the Group’s treasury management system and provide support and guidance to the business units on its best use.
Job Scope:
The Senior Manager, Systems and Processes is the person for principal day to day responsibility for the efficient use of Reval, the Group’s Treasury Management System, throughout the Group. This will involve liaising with Ion, the vendor of Reval, on updates and on performance issues. It will also involve working with the LBUs to ensure they are making optimal use of the system. Additionally it will involve managing the transition to ISO2022 and the change in messaging format involved.
The Senior Manager will also have responsibility for overseeing the transition of tasks from the Group treasury teams in London and Hong Kong to the new staff in the VCC in Kuala Lumpur.
The Senior Manager will also oversee all controls over processes within the Treasury teams in Hong Kong and Kuala Lumpur and ensure that they are well designed and operating effectively. They will also be responsible for ensuring that the data received from the LBUs is timely and accurate.
Principal Accountabilities:
- Bank statement connectivity model and ISO migration.
- AC (& other LBU e.g. Africa) Reval implementation
- Review current Reval processes to improve the operating efficiency and LBU engagement
- Enhance internal control governance and improve support to AC operations
- Develop a standard protocol for VCC transition
- Other new initiatives (e.g. setting up Bermuda operations)
Core Competences Required:
- A detailed understanding of the Reval Treasury management system
- A detailed knowledge of bank settlement systems, messaging formats and the changes involved in ISO2022.
- Strong teamwork and good persuasive skills to ensure that the LBUs adopt best practices for Reval.
- A strong controls background to ensure that data is complete and accurate.
Education and Experience:
- Degree educated
- Extensive experience of working in the financial services industry.
