Treasury Manager

Treasury Manager

• Finance – Anywhere, Anywhere
• Location: Anywhere, Anywhere
• Department: Finance
• Employment Type: Consultant
• Minimum Experience: Experienced

POSITION OVERVIEW

Xapo is a fast-growing, global fintech company with a mission to build a safe and global way to use money. We’re a fully distributed team, with 250+ Xapiens working from 50+ countries.

We’re seeking a collaborative, proactive problem-solver to join us as Treasury Manager at Xapo. This full-time position is planned to be remote, meaning you can work from anywhere!

As Treasury Manager you will be responsible for supporting the global cash and FX management of Xapo. This will primarily include actively monitoring treasury positions and payment flows, ensuring that there is sufficient liquidity to facilitate settlement obligations, whilst minimizing intraday liquidity usage. You will be working closely with other teams, such as the Dealing and Trading Desk and the Treasury Risk team to ensure all cash resources of the Group are efficiently utilized and remain within established policies and limits. As Manager you will ensure all nostro positions at other financial institutions are funded whilst surplus liquidity is deployed to yield the highest possible return. You will also support other treasury areas with emphasis on the design, development and implementation of treasury management systems and controls within scope.

This role requires a professional, with competent treasury knowledge (cash management, liquidity and FX), excellent communication and organizational skills to manage the global cash management for the Group across various time-zones.

BALANCE FOR BETTER

At Xapo, we embrace our differences and actively foster an inclusive environment where we all can thrive. We’re a flexible, family friendly environment, and we recognize that everyone has commitments outside of work. We have a goal of reaching gender parity and strongly encourage women to apply to our open positions. Diversity is not a tagline at Xapo; it is our foundation.

BACKGROUND

Xapo’s Finance function manages the group’s Balance Sheet, maintaining a balanced structure within an established risk framework. The Liquidity Management Desk manages and invests the liquidity resources of the Group and initiates all relevant treasury operations across payment networks, FX and derivative markets. All activities of the Liquidity Management Desk must be performed within an established treasury risk framework to monitor and optimize capital, credit, liquidity and market risk exposures.

KEY RESPONSIBILITIES

• In-depth and broad involvement in all treasury areas focusing on cash and liquidity management, cash flow forecasting, and FX management
• Performing end-to-end process of transactions concluded for treasury cash management and FX dealing
• Performing currency cash forecasting with cash ladders and execute FX hedging strategies
• Front line interaction with a network of key FI partners and FX brokers
• Reviewing and improving efficiency of the Group’s global cash management to allow for prompt management of surplus funds. Fine-tuning treasury-related control mechanisms to ensure full compliance with internal policy and applicable government regulations (EU, UK, Gibraltar).
• Managing flow across all agent bank, payment processors, and card programs
• Day to day management (and formalisation) of all cash forecasting cycles including variance analysis
• Collaborating with other areas of Finance and the wider business around the cash impact (forecasting and monitoring) of trading results and business initiatives
• Developing metrics to ensure monitoring of Xapo’s risk appetite and reporting against limits to senior management
• Producing regulatory reporting (COREP) within scope
• Identifying and supporting change to systems, processes and working practices in order to achieve continuous operational improvements.
• Supporting various ad-hoc initiatives across the group involving the Treasury/Cash Management area (e.g. Cash Management System upgrades)

KEY REQUIREMENTS

• Minimum of 7 years of previous experience working in a bank treasury / cash management function
• BSc or MSc in Finance / Economics or similar
• Detailed understanding of cash management tools with “hands on” experience in managing cash positions in a previous role.
• Domain expertise in cash payments infrastructure in Europe: UK (Bacs, Chaps, FP), EU (SEPA) and SWIFT, combined with liquidity management and reserve requirements at central banks (BoE, ECB)
• Knowledge of relevant (liquidity) banking regulations (e.g. Basel III / CRD4, LCR, NSFR)
• Consistent track record of translating analytics into improved funding and liquidity forecasting which results in: i) Reduced cost ii) Transparency over balances and exposures (including intraday) iii) ability to optimise the cash management desk
• Able to apply commercial judgement to ensure risks and opportunities are identified and understood
• Strong work ethic, ownership mentality, ability to prioritize, manage multiple projects, and execute in a fast-paced and dynamic environment.
• Keen problem-solving skills, with high levels of accuracy and attention to detail
• The aptitude and desire to learn and develop at pace, attaining necessary qualifications and skill sets.
• Excellent partner and communication skills to liaise with other colleagues and teams
• Ability to support and challenge colleagues from different functions in a constructive and effective manner
• Educated to degree standard with a relevant professional qualification
• Flexible working hours / able to adapt swiftly
• Strong sense of urgency and enthusiastic in achievement of high-quality standards

OTHER REQUIREMENTS

• A dedicated workspace.
• A reliable internet connection with the fastest speed possible in your area
• Devices and other essential equipment that meet minimal technical specifications.
• Alignment with Our Values.

WHY WORK FOR XAPO?

• Shape the Future: Improve lives through cutting-edge technology, work remotely from anywhere in the world
• Own Your Success: Receive attractive remuneration, enjoy an autonomous work culture and flexible hours, apply your expertise to meaningful work every day
• Expect Excellence: Collaborate, learn, and grow with a high performance team

ABOUT XAPO

At Xapo, we’re building a way for users all over the world to send, receive, spend, and store their money globally and safely. We’re firm believers that no matter who you are or where you’re from, you deserve easy access to digital financial services.

Launched in 2014 by Wences Casares (CEO) & Federico Murrone (COO), Xapo has made an unparalleled investment in security infrastructure, assembled a renowned advisory board, and raised $40M from top venture capital firms in Silicon Valley & the world.

Xapo is an Equal Opportunity Employer. We believe a team that represents a variety of backgrounds and perspectives is critical to our success as a global company. A diverse, inclusive workplace enables us to create products that best serve our customers all around the world. It is the foundation of Xapo.