Senior Treasury and Securitisation Analyst

Volkswagen Financial Services Australia is a leading provider of competitive finance and insurance products to over 1200 retailers across Australia representing automotive brands within the Volkswagen Group including: Audi, ŠKODA, Bentley, Porsche, Ducati and Lamborghini and outside the Volkswagen Group - Jaguar and Land Rover. Nobody does finance better than our team of experts ensuring a positive customer experience at all times.

We believe our employees are key to our success and offer career advancement to grow your career across various divisions. Our people are recognised for their achievements and we have a team culture led by empathetic managers. Our EVP is testament to our continued commitment to retaining our staff and providing a fulfilling experience during their journey with Volkswagen Financial Services Australia. Our core value is integrity and we seek like-minded individuals to join our thriving business.

Purpose of the role:

The Senior Treasury and Securitisation Analyst is responsible for daily cash forecasting, liquidity management, and funding decisions of the business and will have prime responsibility for at least one Securitisation transaction (Term or Warehouse) under the Driver Australia Asset Backed Securitisation Programme.

The Senior Treasury and Securitisation Analyst supports the financing of VWFS Australia through regular engagement with external stakeholders (incl: Banks, Investors, Lawyers, Trust Managers, Auditors) and maintains a close working relationship with the APAC Treasury Hub (Japan) along with the wider Treasury team within HQ (Germany) including Debt Capital Markets (DCM) and Securitisation (ABS) teams.

The Senior Treasury and Securitisation Analyst will take a leadership role within the Treasury and Securitisation Team ("The Team") and support the Treasury and Securitisation Manager on key projects and strategic deliverables and act as deputy to the Treasury and Securitisation Manager. The Senior Treasury and Securitisation Analyst leads and manages the local Treasury and Securitisation functions in the case of the Treasury and Securitisation Manager's absence.

Key responsibilities of the role:

Required across all tasks (including processing and supervision):

• Supervise, review in accordance with four eye principles and carry out processes as required.
• Ensure that all required tasks and functions are being taken out as required and to a high level of timeliness and accuracy.
• Documentation and cross-training of existing processes, policies and procedures.
• Process improvement, automation and controls. Research, proposals and development in relation to new systems where appropriate.
• Continued Professional Development consistent with the organisations 70% (Experiential), 20% (Peer-to-Peer), 10% Learning Approach.
• Relationship management and engagement with internal and external stakeholders.

Cash Forecasting and Liquidity Management:

• Model, analyse, prepare and communicate cash forecasting daily to determine funding requirements, minimise interest expense and recommend and review strategic funding initiatives. Accurate and timely updates of deal related information in appropriate treasury systems.
• Understanding of available debt instruments and facilities including Bank Loans, Commercial Paper (CP), Medium Term Notes (MTN), Securitisation through Asset Backed Securitisation (ABS) and Intercompany Loans (ICO).
• Understand and develop improvements to the cash forecasting process and inputs by:
• Liaising with other teams to understand their functions and funding requirements.
• Use of technology and business data for more accurate forecasting and reconciliation.
• Investigation and recommendation of alternative forecasting solutions (including those developed in-house or from external vendors).
• Recommend and instruct funding requests through available debt instruments and facilities.
• Prepare, present and agree funding plans with management, APAC Treasury and HQ Treasury in line with the strategic and operational requirements of the business, as required.

Asset and Liability Management (ALM):

• Model, understand and report monthly Interest Rate and Liquidity Risk positions to HQ.
• Explain Interest Risk and Liquidity Risk Profiles and their drivers to management, APAC Treasury and HQ Treasury.
• Apply ALM requirements to funding plans.
• Liaise with management, APAC Treasury and HQ to develop and recommend appropriate limits.
• Interest Risk Reporting:
• Develop and recommend funding and hedging strategies to minimise breaches of Risk Appetite and Limits.
• Engage APAC Treasury for timely and appropriate execution of derivative transactions.
• Liquidity Risk Reporting:
• Recommend funding strategies to minimise maturity concentration risks.
• Liaise with Finance to ensure Net Current Asset Ratio is managed effectively.
• Ensure management, APAC Treasury and HQ Treasury are aware of any funding requirements or restrictions to maintain a stable funding profile.

Securitisation:

• Responsible for processes in relation to at least one existing Securitisation deal:
• Ensuring accuracy and consistency of models, data queries, timelines, reports and communications.
• Modelling and preparation of monthly investor reports.
• Calculations (Waterfall, Run-Out Schedule, Amortisation etc.) and instruction of payments.
• Timely and accurate problem-solving, investigations and responses to investor and other queries.
• Detailed analysis and reconciliation.
• Preparation of reports and presentations for internal (management, Accounting, Treasury, Controlling etc.) and external parties including banks, investors, credit ratings agencies, trustees and legal representatives.
• Liaising with internal and external parties as required.
• Continuous maintenance and improvement to procedures, processes and models.
• Responsible for the full transaction lifecycle of Securitisation deals, including planning and managing of timelines and resourcing in relation to:
• New deals Version 1.0 Finance & Treasury Department Valid from June 2020
• Clean-up calls
• Term Take-outs o Renewals
• Co-ordinating with and providing support to the HQ ABS Structuring and IT teams.
• Providing responses to investor and other queries based on the performance of the underlying pool of contract receivables, market trends and underlying deal structure.
• Providing feedback to management and relevant teams within the business with regards to queries and feedback received from external entities.
• Managing on-going projects in relation to contract eligibility for Securitisation.
• Coordinating processes with IT Australia and IT Germany as required.
• Coordinating with other departments in relation to contract performance, policies and procedures.
• Participation in investor roadshows, due diligence presentations, credit ratings agency presentations and investor phone calls.
• Participation in projects and calls in relation to transaction lifecycle events (incl: new deal planning, term take-outs, clean-up calls, wind-up of trusts, renewals, changes in investors etc.).
• Participation in the research, stakeholder management, development and testing in relation to new securitisation models and systems as required.

Bank and Investor Relations:

• Develop and maintain high quality relationships with all existing banks and investors in conjunction with APAC Treasury and HQ.
• Represent VWFS Australia in bank and investor meetings, presentations, industry conferences and events.
• Prepare, review and present investor presentations and business update presentations to banks and investors.
• Investigate and liaise with the business to provide accurate, concise and timely responses to queries and questions from banks, investors, credit ratings agencies, trustees and legal representatives.

Ad-hoc Tasks:

• Provide training, guidance and support to the junior members of the team.
• Provide guidance and support to the accounting team and other finance areas in relation to Treasury and Securitisation.
• On-going review of systems and processes and propose, develop, test and implement improvements where appropriate.
• Carry out ad-hoc projects and tasks as required.
• Assist in the supervision and review of all of the above processes when carried out by other team members

They key requirements for the role:

• Tertiary qualifications in Commerce, Finance, Economics, Mathematics, Science or related discipline.
• Previous experience of at least 5 years in a Treasury or Securitisation related role in a commercial business.
• Strong problem-solving and analytical skills.
• Demonstrated ability to work independently and in a team environment, show initiative and personal accountability
• Demonstrated ability to lead, support and develop others.
• Advanced Excel skills including VBA/Macros - AFMA (Financial Markets Core), or willingness to complete
• Previous experience in a Treasury related role in a commercial or banking business and/or Previous experience in Securitisation.
• AFMA (Debt Markets – Advising or Dealing stream) and/or FINSIA qualifications, or willingness to complete
• CFA, CFTP, CA/CPA qualifications or accounting experience
• ASF Securitisation training (or willingness to complete)
• Knowledge of Regulatory Frameworks including ASIC (AFSL/ACL) and APRA
• Previous exposure to automotive and financial services industry
• Experience with financial market legal documentation