Manager, Treasury Unit

INTRODUCTION

The Caribbean Development Bank (CDB) seeks a Manager, Treasury Unit (MTU) to join the Finance Department. The successful candidate will be based at CDB’s headquarters in St. Michael, Barbados. 

THE DEPARMENT

The Finance Department is responsible for safeguarding the Bank’s financial position through effective planning and management of its financing, investing, general accounting, budgeting, internal controls, cash flow analysis, financial analysis, and reporting functions. The Department also develops and administers financial policies and procedures, strengthens the Bank’s infrastructure and capacity to mobilise resources in support of its development agenda, and provides oversight of corporate procurement and insurance.

THE ROLE

MTU is a pivotal role within the Finance Department, overseeing and leading the development of critical functions related to treasury management, investment portfolio supervision, managing cash flow, and funding and capital adequacy. Reporting to the Deputy Director, Finance, the MTU provides expert guidance on major financial matters, ensuring sound decision-making aligned with the Bank's strategic objectives. This role requires analytical acumen, expertise in Treasury operations, strong leadership capabilities to supervise and develop the Treasury Unit team, along with effective communication skills to engage with senior management, and internal and external clients.

KEY RESPONSIBILITIES

The job will require the Manager, Treasury Unit to:

• • Provide leadership and effective management to the Bank’s Treasury Unit in a multi-fund, multi-currency environment, including the management of cash flow and investment activities.
  • Oversee all investment transactions performed by the Investment Officers to ensure that the transactions are consistent with the Bank’s investment policy, guidelines and strategy.
  • Monitor external asset managers and evaluate their performance with respect to funds under management on a continuous basis.
  • Manage relationships with external stakeholders and clients, such as bankers, investment managers, and pension advisers.
  • Assess and advise on relevant areas of financial operations and risk, e.g.: counterparty; interest rate; foreign exchange, liquidity, asset and liability management risks.
  • Advise the Chief Financial Officer and other members of the Department’s management as part of a mutually supportive management team, as well as the Bank’s Senior Management team, on major financial issues which arise and the likely financial consequences of proposed courses of action.
  • Keep abreast of the international financial market developments by means of research and liaising with senior finance staff in other institutions.  Understand the views of international economic commentators, investors, finance officials in the governments of the larger economies and build a comprehensive knowledge to provide advice and updates to the Investment Committee.
  • Prepare financial projections and make recommendations for optimising the financial management of the Bank’s financial resources based on sound economic estimates and realistic assumptions.
  • Manage and administer resource mobilisation interventions such as capital market borrowings, capital subscriptions and contributions. 
  • Guide and collaborate on the structuring of new funding and financial instruments, including quasi-equity, structured notes, guarantees, and treasury solutions to support the lending capacity of the Bank and the execution of its resource mobilisation strategies.
  • Oversee the preparation of treasury-related schedules and supporting documentation for the financial statements, and internal and external audits.
  • Review, update, develop and implement appropriate policies and procedures to manage the Bank’s financial operations and risks.
  • Ensure compliance with internal Treasury controls and policies across the Bank.
  • Collaborate with information technology and accounting teams to implement innovative treasury management tools, and to integrate Enterprise Resource Planning systems with those treasury tools.  Recommend solutions to improve efficiency and effectiveness.
  • Develop the Treasury Unit staff to their fullest potential through training, duty assignment and on-the-job coaching.

EDUCATION AND EXPERIENCE

The successful candidate shall have: 

• • A Master’s degree or equivalent in Finance, Business Administration, Economics, Accounting or a related field and at least eight (8) years of experience working in the fields of financial analysis, funding or investment portfolio management including at least three (3) years in a supervisory capacity.  Candidates with a Bachelor’s degree only shall be required to have ten (10) years’ relevant experience including at least three (3) years in a supervisory capacity.

The following are considered assets:

• CFA qualification or equivalent
• Experience working in an international organisation 

Function-specific Competencies

• Ability to communicate complex issues effectively through verbal and written presentations to senior management and other key stakeholders.
• Timely and effective decision making, tailored to unusual or ambiguous situations; having the courage and conviction to make important decisions in the face of conflicting or incomplete information.
• Expertise in Treasury operations.
• Good management skills, with a customer orientation.
• Problem solving abilities and resourcefulness.
• A high degree of digital agility

BEHAVIOURAL COMPETENCIES

Acting as a Champion for Change

Actively identifies problems and opportunities for change and implements solutions where appropriate. Maintains effectiveness when experiencing major changes in work tasks or the work environment; and supports people in their efforts to try new things.

Acting Decisively

Moves quickly to make decisions and commits to a clear course of action; comfortable making decisions based on partial information; willing to take risks in order to maintain momentum; shows a strong bias toward action.

Acting Strategically

Aligns day-to-day activities around broader organisational goals and objectives; prioritises resources based on the strategic objectives of the organisation; recognises and rewards people based on how their actions support the broader needs of the organisation.

Championing Customer Needs

Calls attention to issues that impact customer satisfaction; views situations from the perspective of customers; encourages people to think about customers when making decisions and develops and sustains productive customer relationships.

Communicating Effectively

Consistently communicates with clarity and thoroughness to optimise audience understanding. Communicates information in a clear, concise, and timely manner. Demonstrates effective speaking and presentation skills.

Delivering High Quality Work

Critically reviews work processes to ensure quality; addresses problems that could impact quality; makes sure project deliverables and services meet all requirements and expectations; does not make the same mistakes twice.

Displaying Technical Expertise

Keeps his/her technical skills current; effectively applies specialised knowledge and skills to perform work tasks; understands and masters the technical skills, knowledge, and tasks associated with his/her job; shares technical expertise with others.

Driving for Results

Bottom-line oriented and pushes self and others to achieve results. Keeps current on project status; makes sure people are aware of project status and what they need to do to keep things moving; redirects project resources and activities to overcome setbacks; elevates project concerns to senior levels of leadership when appropriate.

TERMS OF APPOINTMENT

This role is a full-time position with the successful candidate being contracted on a two-year basis in the first instance, with the possibility of renewal.  The salary is competitive and commensurate with qualifications and experience.  The salary for this Grade 21 role starts at USD107,856 per annum net of taxes.  The benefits package includes a pension plan, life and medical insurances.

Before you proceed to apply, please consider the following requirements: 

• You must be a national of one of CDB’s member countries.
• You will be required to produce evidence of any educational and professional qualifications to support your application if you are selected for an interview.
• All appointments are subject to satisfactory background checks and references.

CDB fully respects the need for confidentiality of information supplied and assures you that we will not discuss your background and interest with anyone including references, without your prior consent.

The deadline for submission of applications is December 31, 2025 at 11:59 pm AST. 

The Caribbean Development Bank is an equal opportunity employer and values diversity. We encourage all qualified candidates to apply regardless of their racial, ethnic, religious, cultural background, gender, sexual orientation, or disabilities. Women are strongly encouraged to apply.

The Bank provides reasonable accommodation to individuals with disabilities who participate in the job application or interview process. Please contact us to request such accommodation.