About the team:
At Aspire, Finance plays a strategic role in driving our business forward. Our Finance team consists of a wide range of crucial functions across 5 verticals: (i) Financial Controlling with Financial reporting, Audit support, Cost Management, Compliance and Risk Management and Tax planning, Reporting, (ii) Treasury, which is a core function for a Fintech with Cash flow and Liquidity Risk, Treasury Product, FX Risk Management, Treasury Operation and Treasury Risk Management, (iii) Data including Business Intelligence, Data Analytics and Data Engineering, (iv) Strategy & Planning, which covers strategic road map, long term planning, fundraising and FP&A and (v) Credit Risk including risk modelling and scoring, portfolio monitoring and credit control. Our Finance team engages in frequent strategic data analysis, research, and modeling to provide the best financial insights for critical business decisions, helping Aspire navigate the competitive landscape and capitalize on emerging opportunities. The team also plays a key part as the first user of our Aspire software, pioneer in Finance transformation, reengineering our internal process to stay agile while maintaining the internal control in a hyper fast growing environment.
About the role:
We are seeking a highly skilled and experienced Head of Treasury to lead our treasury function. This role is critical in managing our financial assets, optimizing liquidity, and mitigating financial risks. The ideal candidate will have a deep understanding of treasury operations, financial markets, and regulatory requirements within the payment services industry. Additionally, this role will require extensive collaboration with cross-functional teams including Product, Data, Legal, Compliance, Financial Controlling and Network partnership to optimize cash flows and margins, and ensure regulatory compliance for customer fund flows.
What will you be doing?
Treasury Management:
- Develop and implement treasury strategies to manage cash flow, liquidity, and financial risks.
- Oversee daily treasury operations, including cash management, banking relationships, and investment activities.
- Ensure optimal utilization of working capital and maintain adequate liquidity levels.
Financial Risk Management:
- Identify, assess, and mitigate financial risks, including currency, interest rate, and credit risks.
- Develop and implement hedging strategies to protect against market volatility.
- Monitor and report on financial risk exposures and implement corrective actions as needed.
Cash Flow Forecasting and Management:
- Prepare and maintain accurate cash flow forecasts to support business operations and strategic initiatives.
- Monitor cash flow positions and ensure sufficient funds are available to meet operational and investment needs.
- Optimize cash flow management processes and implement best practices.
Banking and Financial Relationships:
- Establish and maintain strong relationships with banks, financial institutions, and payment service providers.
- Negotiate favorable terms and conditions for banking services and financial products.
- Manage bank accounts, including opening, closing, and maintaining signatory authority.
Investment Management:
- Develop and implement investment strategies to optimize returns on surplus funds while ensuring capital preservation.
- Monitor investment performance and make recommendations for portfolio adjustments.
- Ensure compliance with investment policies and regulatory requirements.
Regulatory Compliance and Reporting:
- Ensure compliance with all relevant financial regulations and reporting requirements.
- Prepare and submit accurate and timely financial reports, including cash flow statements and treasury-related disclosures.
- Liaise with auditors, regulatory bodies, and other stakeholders as needed.
Cross-Functional Collaboration:
- Collaborate with Product, Legal, Compliance, and Network teams to build and grow cross-functional relationships.
- Work together to optimize the cash flows and margins of Aspire payment products, including the FX global business.
- Define the structure and fund flows to hold customer money under local regulations for licensed entities.
Team Leadership and Development:
- Lead and mentor the treasury team, providing guidance and support to ensure high performance and professional growth.
- Foster a culture of continuous improvement and innovation within the treasury function.
- Collaborate with other departments to align treasury activities with overall business objectives.
We would love to get to know you if you have the following:
- Bachelor's degree in Finance, Accounting, Economics, or a related field. A Master's degree or professional certification (e.g., CTP, CFA) is preferred.
- Minimum of 12 years experience in Treasury, preferably within the payment services or fintech industry.
- In-depth knowledge of treasury operations, financial markets, and risk management practices.
- Strong analytical and problem-solving skills, with the ability to make data-driven decisions.
- Excellent communication and interpersonal skills, with the ability to build and maintain relationships with internal and external stakeholders.
- You feel passionate about Tech and Start-ups, as well as implementing your skills and knowledge in creation and improvement of controls framework and internal processes.
- Proficiency in treasury management systems and financial software.
- High level of integrity, attention to detail, and a commitment to excellence.
