Treasury Director

About the Role

You will lead a global team managing company-wide liquidity and banking infrastructure. You are responsible for developing innovative solutions to manage the working capital requirements of $16bn of customer funds. You will identify and deliver the future state treasury format and onboard banking partners and other funding solutions, in collaboration with the Commercial teams.

As such, you will manage the front office treasury department with responsibilities for the management of banking relationships for the Zepz group, including driving funding operations across our entire payments partner ecosystem. This will include, but will not be limited to; delivering against Treasury department goals; assessing and supporting the development of the products, services, technologies and systems for treasury and oversee all aspects of Zepz’s treasury risk exposures including interest rate and foreign currency risk.

Responsibilities:

The key responsibility of this role will to to transition the Treasury department into a ‘best in class’ function, which will include:

• Recommend and implement improvements to current cash management processes. 

• Assist in managing and maintaining company’s banking infrastructure, including bank, counterparty and brokerage relationships 

• Lead a cross functional team to develop and implement working capital funding optimisation

• Identify cost-saving and profit maximizing opportunities related to treasury 

• Understand and manage appropriate procedures and processes around month-end and quarter-close activity

• Lead discussion with external banking partners to fund working capital and onboard as required

• Lead and manage the front-office treasury team, with an FTE headcount of 26, globally.

• Ensure compliance with internal controls, policies and procedures in day-to-day conduct and supervision of FX activities 

• Ensure safeguarding of customer funds as per local mandates in each country

• 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 

• Provide financial analysis to executive management, including critical analysis and recommending strategies to improve performance 

• Train Treasury colleagues on developmental goals

• Implement active monitoring of counterparty exposure reporting 

• Regulatory reporting for FX transactions (e.g. EMIR), active follow-up on new developments on regulatory requirements and initiation of necessary changes in the treasury management system to support a best in class treasury function

• Partner with the Finance Technology team to ensure adequate oversight of Treasury systems and trading platform

• Keep abreast of changes in the industry (products, customers, regulations) and keep informed of global, political, economic, and financial trends likely to have an effect on FX

What You Bring to the Table:

• Significant experience of leading Treasury Operations, Cash Management, Investments, F/X hedging, Insurance and/or Corporate Finance 

• Direct experience with Emerging Markets, partnership with both global and regional banks and other FX trading partners

• Demonstrated ability to model, develop and deploy effective currency hedging strategies with interest rate swaps, derivatives or bond exposure 

• Knowledge and experience with traditional payment networks (SWIFT, ACH, RTP) along with funds-in acquiring from credit card and debit card flows 

• Knowledge and experience with capital structuring (Debt and Equity) and letter of credit management 

• Demonstrated ability to articulate and forecast daily cash position, model monthly cash flow and working capital requirements under different economic and operating scenarios 

• Ability to manage global strategic banking partners 

• Proactivity with a deep sense of curiosity and openness to changes and new market trends

• Excellent communication and presentation skills for communication with internal and external stakeholders, particularly with executive management and board members 

• Be an inspirational leader for the broader Zepz team, influencing the wider business, driving significant positive change and transformation