Regional Treasury Manager-Finance

Daraz; Karachi Division; On-site; PKR 4,200,000 - 6,200,000; Full time

Job summary

Daraz seeks a Treasury Lead to manage regional cash forecasting, liquidity, and intercompany transfers across Pakistan, Bangladesh, Sri Lanka, and Nepal. You will optimize bank relationships, implement electronic payment transitions, and ensure alignment with Alibaba Group treasury policies.

The role requires 8+ years in corporate treasury, strong risk management, and proficiency with TMS and SAP. You will report to the local CFO and collaborate with global treasury teams to maximize capital

Qualifications

• Bachelor’s degree in Finance, Accounting, Economics or related field; MBA or professional certification preferred.
• Minimum 8 years in corporate treasury with cross-border exposure; multinational environment experience.
• Strong treasury systems, ERP capability, risk analysis and financial modeling knowledge.
• Deep understanding of global banking, AML/sanctions, and capital markets.

Responsibilities

• Lead regional cash forecasting, liquidity management, and intercompany transfers across key markets.
• Drive initiatives to maximize idle cash in high-yield savings per policy.
• Oversee treasury process reviews ensuring internal controls and SOP alignment.
• Optimize banking relations and reduce fees through regional rationalization.
• Phase out cheque-based payments in favor of secure electronic settlements.
• Coordinate bank guarantees and migrate to international banks under centralized framework.
• Monitor treasury risks and elevate/resolve exposures.
• Prepare monthly treasury reports on cash, guarantees, loans, and FX revaluations.
• Benchmark internal FX rates against bank rates for LK and PK.
• Design cross-border cash pooling and funding structures for international ops.
• Lead dispersed treasury team with clear KPIs and governance.

Skills

Analytical

Stakeholder mgmt

Communication

Financial modeling

Education

Bachelor in Finance/Accounting/Economics

MBA or professional certs (CTP/CPA/ACCA) preferred

Tools

TMS

SAP

Job description

• Lead cash forecasting, liquidity monitoring, and intercompany fund transfers across key markets including Pakistan, Bangladesh, Sri Lanka, and Nepal to maximize group-wide capital efficiency.
• Drive initiatives to ensure at least 90% of idle cash balances are placed in high-yield savings accounts, and explore compliant yield-enhancement opportunities in line with Alibaba Group’s investment policy.
• Conduct operational reviews of treasury processes to ensure full compliance with internal controls, appropriate approval workflows, and standardized operating procedures (SOPs) aligned with Alibaba Group policies.
• Banking Account Optimization and Relationships Management
• Review and maintain high quality about bank account management SOP and policy, and internal control and align with Alibaba Treasury Policy and Daraz systems.
• Spearhead the rationalization of the regional banking structure by closing redundant accounts and negotiating reduced fees and service costs with financial institutions.
• Champion the phase-out of cheque-based payments and transition all settlements to secure, electronic payment methods to mitigate operational risk.
• Coordinate the optimization of existing bank guarantees, including migration to international banks and alignment with Alibaba Group’s centralized guarantee framework.
• Closely monitor about Treasury operations risks and be able to identify potential risk exposure and elevate and fix it.
• Prepare monthly treasury reports covering cash positions, bank guarantees, external loans, and foreign exchange (FX) revaluation impacts.
• Monitor FX exposure—particularly in Sri Lanka (LK) and Pakistan (PK)—and regularly benchmark Daraz’s internal FX rates against prevailing bank rates.
• Perform counterparty credit risk assessments on financial institutions, streamline the bank panel, and prioritize placements with internationally recognized banks to comply with Alibaba Group treasury policies.
• Cross-Border Solutions & Strategic Collaboration
• Design and implement cross-market cash pooling and settlement mechanisms to address “trapped cash” challenges.
• Leverage expertise in cross-border funding structures, including intercompany loans, shareholder loans, and service agreement-based payments, to support seamless international operations.
• Team Leadership & Process Excellence
• Serve dual accountability: align with directives from Alibaba Group Treasury (based in China) while supporting the strategic and operational needs of Daraz’s local CFO, finance team, and business units.
• Remotely manage a geographically dispersed treasury team, establishing clear communication protocols, performance metrics, and development pathways.
• Strengthen internal controls across critical processes such as Cash-on-Delivery (COD)

Key Responsibilities

• Regional Cash & Liquidity Management
• Lead cash forecasting, liquidity monitoring, and intercompany fund transfers across key markets including Pakistan, Bangladesh, Sri Lanka, and Nepal to maximize group-wide capital efficiency.
• Drive initiatives to ensure at least 90% of idle cash balances are placed in high-yield savings accounts, and explore compliant yield-enhancement opportunities in line with Alibaba Group’s investment policy.
• Conduct operational reviews of treasury processes to ensure full compliance with internal controls, appropriate approval workflows, and standardized operating procedures (SOPs) aligned with Alibaba Group policies.
• Banking Account Optimization and Relationships Management
• Review and maintain high quality about bank account management SOP and policy, and internal control and align with Alibaba Treasury Policy and Daraz systems.
• Spearhead the rationalization of the regional banking structure by closing redundant accounts and negotiating reduced fees and service costs with financial institutions.
• Champion the phase-out of cheque-based payments and transition all settlements to secure, electronic payment methods to mitigate operational risk.
• Coordinate the optimization of existing bank guarantees, including migration to international banks and alignment with Alibaba Group’s centralized guarantee framework.
• Compliance, Reporting & Risk Management
• Closely monitor about Treasury operations risks and be able to identify potential risk exposure and elevate and fix it.
• Prepare monthly treasury reports covering cash positions, bank guarantees, external loans, and foreign exchange (FX) revaluation impacts.
• Monitor FX exposure—particularly in Sri Lanka (LK) and Pakistan (PK)—and regularly benchmark Daraz’s internal FX rates against prevailing bank rates.
• Perform counterparty credit risk assessments on financial institutions, streamline the bank panel, and prioritize placements with internationally recognized banks to comply with Alibaba Group treasury policies.
• Cross-Border Solutions & Strategic Collaboration
• Design and implement cross-market cash pooling and settlement mechanisms to address “trapped cash” challenges.
• Leverage expertise in cross-border funding structures, including intercompany loans, shareholder loans, and service agreement-based payments, to support seamless international operations.
• Team Leadership & Process Excellence
• Serve dual accountability: align with directives from Alibaba Group Treasury (based in China) while supporting the strategic and operational needs of Daraz’s local CFO, finance team, and business units.
• Remotely manage a geographically dispersed treasury team, establishing clear communication protocols, performance metrics, and development pathways.
• Strengthen internal controls across critical processes such as Cash-on-Delivery (COD)

Job Requirements

• Bachelor’s degree in Finance, Accounting, Economics, or a related field; MBA or professional certification (e.g., CTP, CPA, ACCA) is preferred.
• Minimum of 8 years of experience in corporate treasury, with at least 3 years in a multinational environment managing cross-border cash, FX, and debt instruments.
• Strong expertise in treasury management systems (TMS), ERP platforms (e.g., SAP), and proficiency in financial modeling and risk analysis tools.
• In-depth understanding of global banking operations, regulatory requirements (including anti-money laundering and sanctions compliance), and capital markets.
• Excellent analytical, communication, and stakeholder management skills.