Who is Liquid Group?
Liquid Group is a regional mobile payment services group based out of Singapore. We operate a regional payment network to enable cross-border QR payment services for e-wallet operators, banks, and merchants. We also provide white-label solutions to accelerate the development and adoption of mobile payments for our business partners.
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Job Description
We are looking for a strong Finance leader to oversee payment settlements for our existing C2C, B2B/FAST partners, lead the treasury activities including funding, pre-funding and manage our various FX booking activities.
Responsibilities
FX
- Liaise with Bank Partners or 3rd party providers and Product Team on pricing and execution details of FX rates, pricing, trade booking, determine on currencies to trade or hedge (if FX Provider is engaged) and by business volumes or business requirements (C2B vs B2B)
- Analyse on rates movements to recommend on using Live Rates, 1 hour rates, 24 hour rates etc for various business requirements (e.g. C2B use day-rates, B2B use live-rates, wallets)
- Analyse the relevant regional market for e.g. developments and trends in the market and ensures the incorporation and distribution of the acquired knowledge within the Treasury organisation, in accordance to Liquid´s interest and in line with client positions portfolio’s, in order to enable Liquid’s Product and Finance Team to make an optimal assessment of consequences of transactions of clients.
Treasury
- Maintains daily contact with Bank Partners or 3rd party providers and Product Team and other stakeholders, taking into account the interests of Liquid and our clients, in order to determine cash and securities positions.
- Draws up monthly and daily reports regarding the regional liquidity position of Liquid, in consultation with the CEO, to provide complete and timely insight into the financial position of the Liquid in the region and enable the management to take corrective actions. Review the control framework annually to find better ways to manage the business and reduce risk.
Settlement
- Evaluate on currencies cut-off times across bank partners or 3rd party providers rails to determine settlement time for each currency.
- Book trades for each currencies (to be locked in with the right rates (spot rates if possible)
- Trigger for settlement payouts within 45 minutes to 1 hour (depending on cut-off time of bank or service provider)
- Ensure sufficient funds in bank accounts (Liquid’s own multi-currencies bank accounts, Vostro or Nostro accounts set up with banks overseas, 3rd party rails or trading accounts with FX provider) to ensure we don’t run into an overdraft situation
Other tasks
- Prepares Assignment Confirmations, Product Specification Documents and Product Implementation Documents for the new projects that the Treasury team feel will add to our client service offering. As well as new products in the market place that will also be beneficial to the client offering or the internal efficiencies of the team.
- Participate in the design, optimisation, management and control of processes, ensures efficient use of resources and that the daily processes are in line with the company’s policies taking the agreed plan & budget and relevant procedures into account, to ensure operational excellence in the region in terms of liquidity, collateral and optimal cash management.
- Ensures probability by collection of data regarding the expected flows of settlements and payment transactions per day, analysis of the money flows and interpretation of these flows regarding necessary collateral and cash management actions, based on the policies, market knowledge and product portfolio of Liquid, in order to ensure an optimal regional liquidity position.
Desired Skills and Qualifications
- At least 5 years of relevant experience with equities/securities, foreign exchange or fixed income. A background of work in Finance teams preferably from a Tech, start up or corporate environment
- Finance qualifications (CMFAS 1B, 5, 6, 6A), undergraduate degree and relevant level of experience and skills
- Experience in leading or supporting a range of Treasury tasks, implementing processes and dealing with all levels of stakeholders
- Strong technical knowledge, influencing skills, communication and organisation skills.
