Treasury Manager

POSITION OVERVIEW

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.

As Treasury Manager you will be responsible to support 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. The Treasury Manager  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.  The Treasury Manager will ensure all nostro positions at other financial institutions are funded whilst surplus liquidity is  deployed to yield the highest possible return.  The job 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. The candidate will also support other treasury areas with emphasis on the design,  development and implementation of treasury management systems and controls within scope.  

RESPONSIBILITIES

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

KEY REQUIREMENTS

• Previous experience working in a bank treasury / cash management function  
• 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)  
• Familiarity with relevant 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 optimize the cash management desk  
• Able to apply commercial judgment 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 
• Can 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.

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