Treasury Operations Lead

Monzo Bank Limited; City Of London; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A progressive financial institution is looking for a Treasury Ops Lead to manage day-to-day operations in London or remote within the UK. The ideal candidate has experience leading back office treasury teams in banking and strong skills in data analysis. This role offers flexible working hours, a learning budget, and a supportive remote work setup.

Benefits

Flexible working hours

£1,000 learning budget

Support for home office setup

Qualifications

• Experience in leading treasury back office teams in banking.
• Track record in motivating and developing people.
• Interest in banking and regulatory landscape.

Responsibilities

• Lead Treasury Operations team daily.
• Establish best practice processes for Treasury operations.
• Oversee daily transaction processes for Treasury products.
• Ensure all Treasury transactions are validated and processed.
• Generate regular and ad-hoc reports on cash forecasting.

Skills

Leading treasury back office teams

Motivating and developing people

Understanding financial controls

Data analysis skills

Communicating complex concepts

Tools

SQL

Job description

Overview

We\'re looking for a highly proactive, enthusiastic and driven Treasury Ops Lead to work within our Financial control team, helping us to build a world-class finance function. This role would be well suited to someone experienced in leading Treasury back office teams within a banking environment. This role can be based in our London office, but we\'re open to distributed working within the UK (with ad hoc meetings in London).

Responsibilities

• Leading our Treasury Operations team on a daily basis.
• Working closely with Treasury Product Control and Treasury front office teams as we continue to maintain and build out our Treasury function.
• Establishing best practice processes and controls for Treasury operations, which are scalable in line with our growth plans.
• Taking the lead in developing new and maintaining existing internal controls that protect our financial data, enhance robustness of treasury settlement processes and make for a clean balance sheet substantiation process for Treasury accounts and from a back office perspective.
• Working closely with 2LoD and 3LoD on enhancing and driving visible improvements within the internal control landscape.
• Overseeing and assuming responsibility for the successful completion of daily transaction processes for all Treasury products, from a back office perspective, including new deal confirmations and settlements.
• Ensuring all Treasury transactions are validated and processed, including confirmations, payments, receipts, and foreign exchange deals.
• Overseeing the trade lifecycle management for all treasury transactions, following-up on any unsettled trades directly with our custodians and counterparties, ensuring settlements complete as contractually agreed.
• Managing all daily margin call confirmations and cash settlements across swaps, REPO and FX derivatives, as per our legal agreements with our counterparties.
• Maintaining and updating all static data within the TMS both efficiently and accurately, by verifying inputs into the system.
• Generating regular and ad-hoc reports on cash forecasting positions, transaction volumes, and other relevant metrics, including bank account reconciliations to key stakeholders.
• Supporting our year end process by working with external auditors and our Financial Reporting squad.
• Reviewing new Treasury products, assessing and documenting the impact from a back office settlement process, achieving optimal outcomes.
• Preparing monthly management and ad-hoc reports, offering meaningful analysis of movements.
• Resolving miscellaneous inquiries and supporting the overall Finance team wherever needed - from forecasting and valuations, to bank transfers and new system implementations.
• Working with our engineers and data teams to automate the production elements of this role, allowing you to focus on the parts of the role where your knowledge and skills provide the most value.
• Learning SQL skills to run reports and propose solutions that make our processes efficient and scalable.

Qualifications

• You have experience in leading treasury back office teams (preferably in a banking environment).
• You have a track record in motivating and developing people.
• You're fascinated by the banking and regulatory landscape, and have a good understanding of key internal financial controls.
• You're a self-starter and enjoy tackling what needs doing, whether it\'s making a bank transfer or pulling together reports for investors.
• You're comfortable translating complex information into simple words for people with diverse backgrounds.
• You're interested in using data (SQL skills would be a bonus).
• You thrive in a dynamic and constantly evolving environment.

Location & Perks

Cardiff, London or Remote (UK)

We offer flexible working hours and trust you to work enough hours to do your job well, and at times that suit you and your team.

£1,000 learning budget each year to use on books, training courses and conferences.

We will set you up to work from home; all employees are given Macbooks and for fully remote workers we will provide extra support for your work-from-home setup.

About Monzo

We\'re on a mission to make money work for everyone. We\'re waving goodbye to the complicated and confusing ways of traditional banking. After starting as a prepaid card, our product offering has grown a lot in the last 10 years in the UK. As well as personal and business bank accounts, we offer joint accounts, accounts for 16-17 year olds, a free kids account and credit cards in the UK, with more exciting things to come beyond. Our UK customers can also save, invest and combine their pensions with us. With our hot coral cards and get-paid-early feature, combined with financial education on social media and our award winning customer service, we have a long history of creating magical moments for our customers! We\'re not about selling products - we want to solve problems and change lives through Monzo. Hear from our UK team about what it\'s like working at Monzo.