National Treasury Manager, Brazil

Rio de JaneiroRio de Janeiro
22 Nov 2016
03 Dec 2016
Oil and Gas
Contract Type
Full Time
Role synopsis
BP undertakes a broad spectrum of activities in Brazil from Upstream to downstream and Biofuels. Unlike other areas across the global, In Brazil BP operates a decentralized cash and banking model for each of its legal entities and businesses in country.

Under a decentralized model the cash and banking activities are the responsibility of and are carried out by the BP businesses with local relationship banks, subject to minimum requirements and best practice guidance promulgated by BP Treasury through the BP Treasury Operating Standards .

Given the size and diversity of the BP Brazilian businesses and the consequent broad range of banking service requirements coupled with relatively large cash flow volumes, a National Treasury Manager in-country oversees all cash and banking related activities throughout the BP Brazil group of companies, including E&P, Biofuels, Air BP, Castrol, IST and other BP entities.

This role reports to the Upstream Head of Control, Brazil with dotted line to BP Group Treasury. The role has full country responsibility for Cash Management and for Accounts Payable activities for Upstream. As a result the Manager will need to build and maintain strong relationships with senior management in the other Brazilian businesses .

Key accountabilities
Provide centralized coordination and delivery of Treasury related activities for all BP businesses operating in Brazil in the most efficient manner, minimize risks to BP´s operations and the amount of external or BP funding required for assets under development and day to day operations (Upstream, Castrol, Air BP, IST and Biofuels). The main accountabilities include the following:
  • Leading and supervision of a team of 5 providing day to day coaching, task coordination and all aspects of staff development
  • Definition and monitoring of cash management strategy, including forecasting, funding, payments, receipts, investment and foreign exchange transactions.
- Investment of surplus cash, working with BP Treasury Credit to identify appropriate counterparties, with guidance from Treasury Traders to the extent possible and within BP Treasury's Cash and Banking Operating Standard guidelines.
- Manage foreign exchange (forex) operational liquidity requirements, working with Corporate Risk Management and Treasury Traders to understand forex risks and potential mitigations to both local, Segment and Group level risk; manage operational forex requirements at best prices and integrated with any risk mitigations.
- Forecast medium term cashflows to support operational cash management, investment decisions and liquidity requirements, in both local and foreign currencies.
- Oversee external reporting with Brazilian central bank for all funding and forex activities in Brazil.
  • Negotiating trade financing (e.g. documentary letters of credit) and bank guarantees (e.g. standby letters of credit) with bank providers and obtain appropriate parent guarantees.
  • Ownership and execution of cash and banking processes and infrastructure, from design to implementation to support, including bank accounts, banking services, banking systems security maintenance, and banking relationships.
  • Definition and monitoring of credit risk, foreign exchange risk, operational risk and external compliance procedures.
  • Execution of a varied number of ad-hoc projects to support business transactions from Treasury perspective.
  • Maintenance of local treasury infrastructure and processes, consistent with BP Treasury policies and operating standards.
  • Lead or support adequate internal governance to discharge Treasury Unique Authorities in country.
  • Optimize Brazil company equity vs. debt funding, working with BP Treasury's Structured Finance and Group Funding teams and BP Tax.
  • Research and exploit all economic opportunities to repatriate cash to the BP Group.
  • Influencing the treasury decisions of the non-operated JVs.
  • Preparation of credit and trapped cash quarterly reports in line with Group Treasury requirements.
  • Supervision of the Accounts Payable end to end processes
  • Support of the Head of Control in the Region's quarterly due diligence and financial close processes.
  • Support of business managers in working with Joint Venture (JV) partners ensuring appropriate actions are taken to resolve JV audit issues and other financial audits.

Essential Education
Must hold a recognised professional qualification, with a robust post qualification experience. Degree in a business related discipline and/or Professional accountancy and finance qualification (CIMA, MCT, CFA, Master in Finance).

Essential experience and job requirements
  • Strong experience in corporate treasury and Cash Management including experience in a multicurrency, multiregional environment.
  • Excellent judgment to drive decisions which will optimize BP's overall structuring and cash positions in Brazil.
  • Analytical, financial control and some accounting skills, including knowledge of IFRS.
  • Ability to manage multiple/conflicting priorities with a strong track record of delivery.
  • Excellent inter personal skills, and ability to establish first class relationships across all aspects of the business.
  • Ability to coach, challenge, and influence effectively interfacing with staff from all disciplines.
  • Good business judgment in handling potentially sensitive financial and people issues.
  • Fluent Portuguese and English.

Other Requirements (e.g. Travel, Location)
There are no additional requirements. Please respond with N/A below.

Desirable criteria & qualifications
  • Working knowledge of SAP
  • Degree or qualification in accounting (i.e. ACA, CPA or equivalent).
  • Experience working in a similar multinational environment with exposure to Oil & Gas or Mining.

Relocation available

Travel required
Yes - up to 10%

Is this a part time position?

About BP
Our business is the exploration, production, refining, trading and distribution of energy. This is what we do, and we do it on a truly global scale. BP operates with business activities and customers in more than 80 countries across six continents. Every day, we serve millions of customers around the world. We are continually looking for talented, committed and ambitious people to help us shape the face of energy for the future.


Closing Date
[ "01-Dec-2016" ]