Krzysztof Piechna

Organising financing for the group.
FX Management.
Insurance.
Cash management
Investment/credit risk management.
All other aspects relating to treasury.

Ultimate responsibility for running Back and Middle Office department.
Responsible for the month-end, half-year and year-end financial and management reporting.
Accounting for the treasury related transactions in the three treasury entities containing an external net debt.
Submission and review of the disclosures in Anglo American group financial statements relating to financial instruments (interest rate swaps, cross currency interest rate swaps, FX forward contracts, commodity forward contracts, bank loans, commercial papers, EMTN bonds, convertible and redeemable bonds, preference shares, credit facilities). Ensuring that the disclosure complies with IFRS.
Responsibility for statutory reporting of the treasury vehicle under UK GAAP.
Preparation and maintenance of fair value hedge documentation for interest rate swaps and liaising with auditors to get sign-off for the accounting treatment. Performing prospective and retrospective effectiveness testing.
Responsibility for 12-month rolling group cash flow forecast prepared on monthly basis.
Monitoring, supervising and supporting personal development of two direct reports:
- Treasury Accountant responsible for daily reconciliation, accounting for IC loans, interest and other accruals,
- Confirmation and Settlement Administrator responsible for deal confirmations on Concord system and processing the payments using EFT systems (Barclays Internet Banking and ANZ electronic banking system)
Reviewing and approving payments on EFT system.
Maintaining relationship with banks (conducting periodic service review, analysis of the banking fees and interest for three notional cash pools).

Responsibility for running Back Office department.
Development and maintenance of internal controls framework for FS Group Treasury (banking systems, Treasury Management System (IT2), MYSIS, improvement to Treasury Policy Manual).
Supervision of two direct reports: treasury accountant and payment clerk.
Leading ad-hoc projects e.g. implementation of JPMorgan European cash concentration solution.
Accommodating accounting function with the specific knowledge of IAS 39 (review of the commercial contracts for potential embedded derivatives, analysis of implementing hedge accounting).

Auditing financial statements, review of internal controls and attestation for Sarbanes & Oxley Act purposes, with a specific focus on treasury activities.
Managing audit teams on number of engagements. Supporting clients with professional accounting advice on specific accounting issues including consolidation, deferred/current tax, stepped acquisitions, accruals, impairment of intangible assets, inventory/debtors write-off, shared base payments, etc.
Providing training to PwC employees regarding the accounting for financial instruments.

Organizing and monitoring trade.
Liaising with customers.
Preparing periodical analysis of the market.
Developing computer programs used by the exchange participants.