Global Asset Management Director, VisionFund International

VisionFund's work seeks to end intergenerational poverty through financial products and services. We're about the long-term change that ensures children can break free of the poverty cycle, for good.

By supporting people and communities living in poverty to develop and grow their livelihoods, VisionFund is catalysing sustainable economic growth to break the cycle of poverty, so that children can reach their potential as communities thrive.

Learn more about us: visionfund.org

VisionFund is World Vision’s microfinance provider serving vulnerable clients through loans, savings, and insurance. We enable families to grow their livelihoods in hard to reach, rural locations in 25 countries so that caregivers can create secure futures for their children. We believe in brighter futures for children; empowering families to create incomes and jobs; unlocking economic potential for communities to thrive.

VisionFund is committed to forging a new path that will help us achieve our goal of positively impacting the lives of 30 million children through our strategy, Our Livelihood Promise. Based on the results trend so far, we have realized we are not going to be able to achieve that goal with our current structure and operating model. This will requires us to reposition the Global Centre.

In light of the above, VisionFund International has a Network of 25 Microfinance Institutions which will be managed in a new structure of 6 regions of 3-5 MFIs, usually within the same geographic region. The repositioning has resulted in the creation of the position of Global Asset Management Director.

The Global Asset Management Director (GAMD) is a senior role within VFI Global Finance. The GAMD reports to the Chief Financial Officer (CFO) and has a dotted reporting line to the Head of Global Treasury of World Vision International (WVI). The GAMD is a member of the CFO’s Finance Leadership Team.

This role manages a team of three employees (the Investment Portfolio Director, Capital Markets Manager and Asset Management Specialist), and is responsible for representing VFI to global funders, for maintaining excellent global lender relationships and for managing VFI’s global balance sheet, ensuring it is aligned behind the Our Livelihoods Promise strategy. The GAMD manages and coordinates the asset and liability sides of VFI’s balance sheet, having oversight of global debt capital management (the raising and management of external finance), global investment management (the deployment of that finance around the MFI Network) and VFI cash management. This role also oversees global liquidity and third party lender management across the Network. The GAMD is responsible for the inputs and operations of two key internal management committees, the Asset & Liability Committee (ALCO) and the Impact Investment Committee (IIC) and is a member of the ALCO. The GAMD interacts with a broad base of senior internal and external stakeholders. This is a key strategic role for funding and achieving VFI’s 2030 Strategy.

Key Responsibilities

Management of the liability side of VFI’s balance sheet, to ensure that the Group is appropriately and efficiently funded. This includes ensuring that:

• all key cash flow and funding metrics are monitored regularly and any potential issues escalated promptly;
• excellent relationships with external lenders are established, nurtured and developed;
• presentations, marketing materials and offering circulars showcase VFI in a professional and compelling manner
• VFI is well represented at lender conferences and events;
• the lender pipeline is developed and new funds are effectively and efficiently sourced;
• due diligence processes are professionally conducted
• loans terms and covenants are negotiated on a consistent basis;
• lender covenants are monitored and any potential non-compliance is addressed and managed; and
• debt is available and on-lent as needed to Network MFIs.

Oversight of the liability side of MFI balance sheets, which includes VFI and third party borrowing by MFIs, ensuring that:

• MFI cash flow forecasts are updated regularly;
• All key MFI funding metrics are monitored and ALCO meetings held regularly;
• global and local lender relationships are well managed;
• loan terms and covenants are negotiated on a standardised basis across lenders and MFIs;
• lender covenants are monitored and any potential non-compliance is addressed and managed;
• MFIs are supported when emergency funding is required; and
• MFIs are supported when circumstances arise which require renegotiation of loan terms with lenders.

Management of the asset side of VFI’s balance sheet, ensuring that:

• VFI liquidity, cash and investable equity is well-managed and forecast;
• available capital (whether debt or equity) is effectively deployed to MFIs in line with annual budgets or in accordance with investment proposals made during the year;
• investment terms balance MFI financial sustainability and impact with investment returns to VFI

Quality inputs and effective operations of the ALCO and IIC, which are responsible for VFI management oversight and decision-making in relation to VFI’s balance sheet, ensuring that:

• quality papers, analysis and recommendations are prepared and submitted;
• there is effective treasury risk management in relation to liquidity, interest rate and FX risks;
• there is timely reporting and mitigation of emerging risks and non-compliance, including in relation to lender covenants; and
• committee decisions are implemented on a timely basis.

Team management and treasury and lender management capability developed in VFI and the MFIs ensuring that:

• global asset management and MFI staff receive appropriate training in lender management and treasury operations; and
• global asset management staff are coached and mentored for their professional development, wellbeing, spiritual nurture and effectiveness.

Knowledge, skills and experience

Preferred

• Membership of or responsibility for convening an ALCO and/or group investment committee.
• MBA preferred.
• CPA/ACA (or equivalent) accounting qualification preferred

Required

• MCT (or equivalent treasury qualification) or CFA (or equivalent asset management qualification) qualified.
• A minimum of 15 years professional relevant experience.
• A minimum of 10 years external experience working in the treasury or capital markets functions of a multinational organization, preferably at a Group level
• Debt capital markets experience including the issuance of a variety of debt instruments.
• Design and management of the intra-group funding strategy of a financially regulated group to assist in the movement of capital around the group.
• Management of balance sheet risk including interest rate risk, liquidity risk and foreign exchange risk.
• Experience in pitching/marketing to potential clients and/or investors.
• Negotiating skills with clients and/or investors during live interactions and through contract negotiation.
• Experience of developing, maintaining and managing client and/or investor relationships.
• Excellent communication, presentation and influencing skills in both oral and written forms.
• Excellent PowerPoint (creating presentations and decks) and Excel skills.
• Strong project management and organizational skills.
• Strong analysis and problem-solving skills and ability to find innovative and creative solutions.
• Solid understanding of financial reporting and performance measurements and planning and forecasting.
• Cross culturally sensitive to work with associates from every area of the world.
• Able to manage a broad base of internal and external stakeholders.
• A balanced and respectful approach to teams' differing responsibilities.
• Able to balance Christian values with commercial practices.

Languages and Travel

• English fluency
• Travel up to 15% of the time.

VisionFund is being supported by Macaulay Search. Please email application and resume to: Laura.Bagley@macaulaysearch.com

Application deadline is: 23rd August 2024

Applicant Types Accepted:

Local and International Applicants (IA's) Accepted