Treasury Manager - Payments And Operations

Tesco UK; Welwyn Garden City; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading UK retailer is seeking a Treasury Manager to lead and improve their transactional banking and treasury operations. The ideal candidate will have extensive knowledge of customer payments, strong industry connections, and experience in treasury process optimization. Responsibilities include managing supplier relationships and ensuring compliance with regulations while driving process improvements. This role offers a supportive work environment with a focus on employee well-being.

Benefits

Annual bonus scheme up to 20%

25 days holiday plus personal day

Private medical insurance

Maternity and paternity leave

Free virtual GP service

Employee Assistance Programme

Qualifications

• Extensive knowledge of customer payments and cash management.
• Strong industry network across card acquirers, banks, and card schemes.
• Confirmed experience in control, BCP, and treasury process optimisation.
• Well established supplier leadership and service delivery management skills.
• Strong interpersonal skills, integrity, and relationship-building capabilities.
• Proficiency in data management and reporting to support strategic decisions.

Responsibilities

• Lead and improve Group's transactional banking and treasury operations.
• Manage relationships with third party suppliers of transactional banking activities.
• Ensure treasury operations are compliant with policies and regulations.
• Maintain treasury process documentation and oversee BCP framework.
• Represent Tesco in industry forums and maintain regulatory relationships.
• Collaborate on Group payment strategy development.

Skills

Customer payments

Cash management

Supplier leadership

Data management and reporting

Interpersonal skills

Job description

Treasury Manager - Payments And Operations

About the role

My job is to lead and continuously improve the Group's transactional banking and treasury operations, ensuring secure, efficient, and well-controlled processes that deliver robust, resilient, and customer-focused treasury services.

What is in it for you

We're all about the little helps. That's why we make sure our Tesco colleague benefits package takes care of you - both in and out of work. Click Here to find out more!

• Annual bonus scheme of up to 20% of base salary
• Holiday starting at 25 days plus a personal day (plus Bank holidays)
• Private medical insurance
• 26 weeks maternity and adoption leave (after 1 years' service) at full pay, followed by 13 weeks of Statutory Maternity Pay or Statutory Adoption Pay, we also offer 6 weeks fully paid paternity leave
• Free 24/7 virtual GP service, Employee Assistance Programme (EAP) for you and your family, free access to a range of experts to support your mental wellbeing

You will be responsible for

• Act as the Group SME for transactional banking and treasury operations, driving process optimisation across cost, liquidity, security, service, and customer experience.
• Manage the day-to-day relationships with all third party suppliers of transactional banking activities including, but not limited to, card acquiring, cash collection and processing, cash management, and outgoing payments.
• Be the "go to" business partner across all of Tesco for transactional banking advice and recommendations, enabling collaboration between business stakeholders, Tesco's Global Business Centre and suppliers.
• Stay up to date on the latest trends in transactional banking, ensuring alignment with internal and external policies and regulations, while identifying opportunities to improve processing capabilities across the Tesco Group.
• Ensure treasury operations are fully compliant with internal policies, external regulations, and audit requirements, maintaining a strong control environment.
• Maintain treasury process documentation and oversee the Treasury Business Continuity Planning (BCP) framework.
• Represent Tesco in industry forums and maintain strong relationships with regulatory and trade bodies (e.g. BoE, FCA/PSR, BRC).
• Working as part of a cross-functional team to define and drive Group payment strategies, utilising the Group overview of 'what works well' to enhance other parts of the business.

You will need

• Drive continuous improvement across key operational areas to ensure outstanding efficiency and effectiveness
• Lead third-party supplier relationships for card acquiring and cash processing, establishing detailed collaborations to benefit our financial operations.
• Provide trusted advice and recommendations across Tesco, working closely with business units, partners, the Global Business Centre, and suppliers to resolve the best course of action.
• Stay ahead of industry trends, ensuring alignment with policies and regulations while finding opportunities to improve processing capabilities.
• Maintain a robust control environment, ensuring treasury operations adhere closely to internal policies, external regulations, and audit standards.
• Coordinate treasury process documentation and own the Treasury Business Continuity Planning (BCP) framework, ensuring that we are prepared for any eventuality.
• Attend industry forums as a Tesco representative. Form relationships with regulatory and trade bodies like BoE, FCA/PSR, and BRC.
• Collaborate on payment strategy development and implementation, applying tried methods to improve broader business areas successfully.

Required Skills & Experience

• Extensive knowledge of customer payments and cash management, consistently driving impactful results.
• Strong industry network across card acquirers, banks, and card schemes, allowing us to compete at the highest level.
• Confirmed experience in control, BCP, and treasury process optimisation, ensuring our operations are industry-leading.
• Well established supplier leadership and service delivery management skills, crucial for maintaining our high standards.
• Strong interpersonal skills, integrity, and relationship-building capabilities, encouraging a collaborative and inclusive environment.
• Proficiency in data management and reporting to support strategic decisions, enabling us to make informed choices and drive our business forward.

About us

You might know us as a supermarket, technology company or even for our award-winning mobile network. Truth is, we're all of those things, and much more. Our colleagues work with one goal in mind, helping to make every day a little better for our customers, colleagues and communities all over the world. No two customers are the same, neither are our colleagues.

At Tesco, we champion a balance that lets you thrive both in and out of work. Spend 60% of your week collaborating with colleagues at our office locations or local sites and the rest remotely. Whether you're just kicking off your career, juggling passions, or navigating big life events, we're here to support you. We always welcome a conversation about flexible working, so talk to us throughout your application about how we can support.

We're proud to be an accredited Disability Confident Leader, where everyone's welcome. That's why we commit to providing a fully inclusive and accessible recruitment process. If you need support with your application, click here for more information. And if you're interested in joining our team but don't tick every box, don't let that hold you back from applying.