Treasury Manager

ACE Money Transfer is seeking an experienced Treasury Manager to lead its global treasury operations. The role involves managing foreign exchange, cash flow forecasting, liquidity, fund allocation, and banking relationships across multiple countries and currencies. The primary objective is to ensure that the right funds are available in the right place, currency, and time to support uninterrupted global remittance services. The Treasury Manager will also develop and implement systems to improve operational efficiency, strengthen financial controls, and reduce transaction costs. This position requires close collaboration with Operations, Finance, Legal, Compliance, Risk Management, Sales, Business Development, and payout partners. The role includes leading the Treasury team and driving the adoption of AI and automation in treasury processes.

Key Responsibilities

- Provide senior management with data and analysis to support cash monitoring, forecasting, liquidity management, and treasury decisions. Identify and mitigate risks related to cash flow, liquidity shortfalls, FX exposure, and operational issues.
- Prepare FX accounting reports, treasury performance reports, and financial analyses for management and the Board. Monitor regulatory changes, FX restrictions, and cross-border payment requirements affecting treasury.
- Manage domestic and international cash and bank account structures, including account consolidation and cash pooling to optimize liquidity and reduce costs.
- Oversee bank account controls, transaction authorizations, and regulatory compliance. Coordinate cash flow forecasting, ensuring funds availability aligned with operational payout requirements.
- Manage payments to correspondent banks, payout partners, and other authorized parties, conducting cost-benefit analyses for cash allocation and liquidity optimization.
- Lead the global FX function, including policy management, exposure analysis, hedging strategies, and execution of approved hedges. Recommend strategies to reduce currency exposure and optimize exchange rates.
- Monitor FX transaction performance, including gains, losses, costs, and compliance with treasury limits. Execute TOM deals with eligible payout partners to manage settlement timing and FX exposure.
- Ensure accurate bookkeeping and reconciliation of bank and general ledger balances across currencies and jurisdictions. Coordinate monthly reconciliations and resolve discrepancies with banking partners.
- Define departmental functions, assess staffing needs, and oversee recruitment and training. Develop and update SOPs, conduct performance appraisals, and implement controls over bank access and treasury systems.
- Review and authorize treasury activities within delegated authority, ensuring strict adherence to control procedures. Monitor daily treasury operations and review all Treasury Officers’ work.
- Identify and implement AI-enabled tools for cash flow forecasting, liquidity monitoring, FX exposure analysis, reconciliation, and reporting. Use analytics to detect unusual transactions while maintaining compliance and data confidentiality.
- Collaborate with Sales, Business Development, and other teams to monitor FX markets, competitor rates, and customer expectations. Set and update competitive exchange rates and pricing strategies.
- Monitor FX revenue, margins, volumes, and profitability by corridor. Identify growth opportunities and recommend pricing adjustments to improve revenue within approved controls.
- Provide FX revenue forecasts, pricing analysis, and management reports covering treasury income, margins, and corridor profitability.

Required Qualifications

- Bachelor’s or Master’s degree in Finance, Accounting, Economics, or a related field. Professional qualifications such as CA, ACCA, CFA, CTP, or ACT are preferred.
- 5 to 7 years of experience in treasury, cash management, or FX, preferably within remittance, payments, banking, or multi-currency financial services.
- Strong expertise in FX dealing, hedging strategies, exposure management, and settlement processes, including TOM deals.
- Proven skills in cash flow forecasting, liquidity management, cash pooling, and managing multi-currency bank accounts.
- Experience managing relationships with banks, correspondent banks, and payout partners.
- Solid understanding of bank reconciliation, treasury accounting, financial controls, and authorization processes.
- Knowledge of regulatory requirements, FX restrictions, and cross-border payment regulations affecting treasury.
- Advanced proficiency in Excel; experience with treasury management systems, BI tools, or AI-enabled analytics is advantageous.

Preferred Qualifications and Benefits

- Demonstrated commercial acumen balancing liquidity, cost, FX risk, and revenue.
- Strong analytical thinking to translate market and treasury data into actionable recommendations.
- Risk and control mindset with discipline in authorization, reconciliation, and fraud prevention.
- Excellent negotiation and relationship management skills.
- Proven leadership abilities in building and developing high-performing teams.
- Ability to collaborate cross-functionally with various departments.
- Composure under pressure to make sound decisions in fast-paced environments.
- Innovative approach embracing AI and automation to enhance treasury accuracy and efficiency.

Job Details

- Location: Kharian, Pakistan
- Job Type: Onsite
- Working Hours: Monday to Friday, 1:00 PM to 10:00 PM
- Department: Treasury
- Reports To: Unit Head Treasury

ACE Money Transfer is a UK-based multinational fintech headquartered in Manchester, providing fast, secure, and affordable online remittance services across 29 countries in the UK, Europe, Canada, and Australia, facilitating transfers to over 100 countries worldwide. The company combines a growth-oriented culture with strong regulatory standards and innovation in digital payments, offering employees the opportunity to work with diverse teams and contribute to shaping the future of global money movement.