TREASURY FRONT OFFICE SENIOR FX MANAGER

london

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Who are we?

WorldRemit is changing the way people send money abroad. We’ve taken something complicated and made it simple.  Tap the WorldRemit App or click on our website and your international transfer is made – to a bank account, cash pickup, Mobile Money, or airtime top-up. Founded in 2010, we send international remittances from 50 countries to more than 150 countries and we continue to expand our footprint.

 

Using WorldRemit is easy because we do the hard bit, connecting hundreds of banks, money agents, mobile operators and payment systems around the world.  These were never designed to work together, but WorldRemit makes it happen.

 

WorldRemit has grown on average by 50% year on year and is now processing over £3bn of remittances on an annualised basis.  We have raised c.$200 million in funding, currently employ over 750 employees and have offices in London, USA, Philippines, Poland, Australia, New Zealand, Canada, Japan, Hong Kong and other locations.

 

The journey is just beginning.  We believe in faster, simpler, more accessible money transfers.  That means building better products and services for our customers.

 

Changing the world isn’t easy – so we only hire the most talented people. You need to think differently, believe in new solutions to old problems, and have the drive to make them happen.  You can learn more about our culture and how we work by watching this video on our Careers page

https://www.worldremit.com/en/careers.

 

About the Role

You will manage the Front Office Treasury department with responsibilities for FX cash and treasury operations. This will include, but not be limited to; delivering against Treasury department goals; assessing and supporting the development of the products, services, technologies and systems that are available to appropriate for the Treasury department and oversee all aspects of WorldRemit's treasury risk exposures including interest rate risk and foreign currency risk.

 

The role will develop strategies to manage P&L, B/S hedging combining natural hedge and derivative based solutions, execute FX dealing, optimise Treasury P&L, develop and maintain banking relationships on the FX and ultimately maximise interest earnings through effective Money Markets strategies. You will develop interest rate risk models, hedging strategies and foreign currency management. You will utilize SWIFT knowledge on payment instructions and trade confirmations to optimise process and working capital efficiency.

Responsibilities

  • Support treasury and cash management operations and helps develop strategies to maximize efficiencies, safeguard assets and minimize costs
  • Ensure compliance with internal controls, policies and procedures in day-to-day conduct and supervision of FX activities
  • Recommend and implements improvements to current cash management processes.
  • Assist in managing and maintaining company’s banking infrastructure, including bank, counterparty and brokerage relationships
  • Manage capital market risks, FX and interest exposures
  • Assist in preparing and managing annual budgets and forecasts
  • Identify cost-saving and profit maximizing opportunities related to treasury
  • Understand and manage appropriate procedures and processes around month-end and quarter-close activity
  • Provides financial analysis to executive management, including critical analysis and recommending strategies to improve performance
  • Trains treasury staff on developmental goals in support of the Head of Treasury
  • Implement active monitoring of counterparty exposure reporting
  • With the wider Treasury team, develop and implement a process to confirm external FX trades
  • Regulatory reporting for FX transactions (e.g. EMIR), active follow-up on new developments on regulatory requirements and initiation of necessary changes in treasury management system to support a best in class treasury function

 

Summary of required experience & attributes

 

  • Bachelor’s degree in finance or accounting required
  • ACT qualified or extensive experience in a similar treasury function
  • 5+ years professional experience
  • Has worked within the money transfer, payments, gambling, travel industry or companies with extensive geographical footprint
  • Knowledge of appropriate Treasury software packages
  • Used to be involved in payment processes, communication to banks and regulatory reporting for FX transactions
  • Participation in IT projects such as implementation or upgrade of treasury systems (SWIFT,TMS)
 
   

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