Treasury Manager

ACE Money Transfer Limited; Punjab; On-site; PKR 3,500,000 - 7,000,000; Full time

Job summary

ACE Money Transfer Limited, a UK-based fintech, seeks a Treasury Manager to lead global treasury operations from Kharian, Pakistan. You will oversee FX management, cash flow forecasting, liquidity, and bank relationships, ensuring funds are timely and available across currencies.

The role requires 5–7 years in treasury, strong analytical and leadership skills, and experience with multi-currency remittance environments. Onsite work in Kharian with regional banking partners and compliance focus.

Qualifications

• Bachelor’s or Master’s degree in Finance, Accounting, Economics or related field; professional qualification preferred.
• 5–7 years in treasury, cash management or FX in multi-currency environment.
• Strong knowledge of FX dealing, hedging, exposure management and settlement.
• Experience with cash flow forecasting, liquidity management and cash pooling.
• Experience managing relations with banks, payout partners and Treasury controls.

Responsibilities

• Provide data and analysis for cash monitoring, forecasting, liquidity management and treasury decisions.
• Identify ways to reduce forecasting risk, liquidity shortfalls and FX exposure.
• Prepare FX accounting reports, treasury performance reports and senior management briefings.
• Monitor regulatory changes affecting treasury and cross-border payments.
• Support development of short-term capital structure and funding strategy.
• Manage domestic and international cash and bank account structures; lead liquidity improvements.
• Coordinate reconciliations and collaborate with Finance, Operations and Compliance.
• Lead AI-enabled treasury process automation and reporting.

Skills

FX management

Cash flow forecasting

Liquidity management

Fund allocation

Banking relationships

Excel/BI skills

AI-enabled analytics

Education

Bachelor’s or Master’s in Finance/Accounting/Economics

Tools

Treasury management systems

BI tools

AI analytics tools

Job description

JOB DESCRIPTION

Treasury Manager

ACE Money Transfer | ACE Group

About the Role

ACE Money Transfer is looking for an experienced Treasury Manager to lead our global treasury operations. You will cover:

• Foreign exchange management
• Cash flow monitoring and forecasting
• Liquidity management
• Fund allocation
• Banking relationships across many countries and currencies
  Your core mission is to make sure the right funds are in the right place, in the right currency, at the right time , so that our global remittance operations never stop. You will also evaluate, develop, and implement treasury and cash management systems that:
• Improve operational efficiency
• Strengthen financial controls
• Reduce transaction costs
  You will manage relationships with banks, payout partners and other financial institutions, always to the highest standards of professionalism and regulatory compliance.
  You will work closely with:
• Operations
• Finance & Accounts
• Legal & Compliance
• Risk Management
• Sales and Business Development
• Payout partners
  You will give Finance and senior management regular reporting on liquidity, cash budgets, FX exposure, fund usage, and treasury performance. You will also lead the Treasury team and drive the use of AI and automation across treasury processes.
  Responsibilities
  Management Support
• Give top management relevant data and analysis to support cash monitoring, cash flow forecasting, liquidity management and treasury decisions.
• Identify and put in place ways to reduce cash flow forecasting risk, liquidity shortfalls, FX exposure and treasury operational issues.
• Prepare FX accounting reports, treasury performance reports and financial analysis for senior management and the Board.
• Analyse how changes in regulations, FX restrictions, cross-border payment requirements and hedging policies affect treasury, and report on them.
• Support the development of the company’s short-term capital structure and funding strategy.
  Cash Management
• Manage domestic and international cash and bank account structures. Where possible, lead account consolidation and cash pooling to improve liquidity and reduce costs.
• Monitor bank accounts for proper controls, access, transaction authorisation and compliance with policy and regulation.
• Improve coordination between Treasury and Operations to strengthen cash management, improve the risk profile and reduce costs.
• Manage the global cash flow forecasting process, including trends, expected collections, payout obligations and liquidity needs.
• Make sure funds are available in the required locations and currencies, based on collection forecasts and the payout requirements Operations confirms.
• Coordinate timely payments to correspondent banks, payout partners, associates and other authorised counterparties, working with Finance as needed.
• Carry out cost-benefit analysis and develop strategies for cash allocation, fund transfers and liquidity optimisation.
• Start or coordinate recalls of telegraphic transfers (TTs) when payment is delayed or for other valid reasons, following banking procedures, contract terms and authorisation requirements.
  Foreign Exchange Dealing & Exposure Management
• Manage the global FX function, including FX policies, exposure analysis, hedging strategies, and the execution and monitoring of approved hedges.
• Recommend hedging strategies to reduce currency exposure from collections, payouts, revenue and cross-border fund movements.
• Evaluate fund movements and currency conversion opportunities to optimise exchange rates, costs and margins.
• Track the performance of FX transactions and hedging programmes, including realised and unrealised gains and losses, costs and compliance with treasury limits.
• Evaluate and execute TOM (tomorrow) deals with eligible payout partners to manage settlement timing and FX exposure, within approved policies.
  Bookkeeping & Reconciliation
• Monitor bank and general ledger balances regularly so that cash positions are reported accurately across currencies, accounts and jurisdictions.
• Coordinate monthly reconciliation of bank accounts and treasury transactions, or more often where needed.
• Work with bank relationship managers to resolve unreconciled items, delayed settlements and discrepancies.
• Support initial negotiations with new banking partners on commercial terms, settlement arrangements and transaction limits.
• Make sure collections, payout settlements, FX transactions, bank charges and inter-account transfers are recorded and reconciled accurately with Finance & Accounts.
  Departmental Management & Controls
• Define departmental functions, assess workloads and identify staffing needs with HR.
• Prepare and update treasury training materials, SOPs and operational guidelines.
• Plan new employee orientation, identify training needs and arrange development for the team.
• Carry out periodic performance appraisals of Treasury staff with HR.
• Implement and monitor controls over online and offline bank access, payment platforms and treasury systems, in line with the authorisation matrices.
• Review and authorise treasury activity within your delegated authority, to reduce errors and the risk of unauthorised or fraudulent transactions.
• Monitor day-to-day treasury operations and review 100% of Treasury Officers’ work on every shift, every day , in line with control procedures.
• Keep up to date with developments in treasury management, FX markets, global remittances and fintech.
  AI Tools & Treasury Process Automation
• Identify, evaluate and implement AI-enabled tools and automation for cash flow forecasting, liquidity monitoring, FX exposure analysis, reconciliation and treasury reporting.
• Use approved AI and analytics tools to spot unusual transaction patterns, treasury risks, settlement delays and inefficiencies. In doing so, protect data confidentiality, stay compliant with regulations, keep human oversight in place and follow the company’s information security policies.
  FX Rates, Revenue & Pricing Strategy
• Work with Sales, Business Development, Relationship Management, Operations, Finance, Banking Relations and payout partners to monitor global FX markets, competitor rates, fees and customer expectations.
• Set and update competitive exchange rates and pricing across currencies, markets and corridors.
• Provide timely FX rates, indicative pricing, currency availability and margin guidance to support customer acquisition, negotiations, partner relationships and pricing proposals.
• Monitor FX revenue, transaction margins, conversion spreads, treasury income, volumes, payout costs and profitability by corridor.
• Identify high-performing markets and growth opportunities, and evaluate commercial deals on volume, margin, settlement terms and liquidity.
• Recommend timely pricing adjustments to improve revenue and margins, within approved controls and authorisation limits.
• Work with Finance and senior management on FX revenue forecasts, pricing analysis and management reports, covering treasury income, gross margins, corridor profitability, budgets and variances.

Requirements

Qualifications & Experience

• Bachelor’s or Master’s degree in Finance, Accounting, Economics or a related field. A professional qualification (CA, ACCA, CFA, CTP or ACT) is preferred [confirm].
• 5 to 7 years of treasury, cash management or FX experience, ideally in remittance, payments, banking or another multi-currency financial services business.
• Strong knowledge of FX dealing, hedging strategies, exposure management and settlement processes, including TOM deals.
• Proven experience in cash flow forecasting, liquidity management, cash pooling and multi-currency bank account structures.
• Experience managing relationships with banks, correspondent banks and payout partners.
• Solid understanding of bank reconciliation, treasury accounting and financial controls, including maker-checker processes and authorisation matrices.
• Knowledge of the regulatory, FX restriction, and cross-border payment requirements that affect treasury.
• Advanced Excel skills. Experience with treasury management systems, BI tools or AI-enabled analytics is an advantage.
• Commercial acumen: balances liquidity, cost, FX risk and revenue in every decision.
• Analytical thinking: turns market and treasury data into clear recommendations for senior management and the Board.
• Risk and control mindset: strong discipline around authorisation, reconciliation and fraud prevention.
• Negotiation and relationship management: builds strong partnerships with banks and payout partners.
• People leadership: builds, trains and develops a high-performing Treasury team.
• Cross-functional collaboration: works effectively with Operations, Finance, Compliance, Risk and Sales.
• Composure under pressure: makes sound decisions in fast-moving markets and time-critical settlements.
• Innovation: adopts AI and automation to improve accuracy and efficiency.

Job Details

| Location | Kharian, Pakistan | | Job Type | Onsite | | Working Hours / Shift | Monday - Friday 1:00 PM to 10:00 PM | | Department | Treasury | | Reports to | Unit Head Treasury |

About ACE Money Transfer

ACE Money Transfer is a UK-based multinational fintech headquartered in Manchester, United Kingdom. We provide fast, secure and affordable online remittance services to customers in 29 countries across the UK, Europe, Canada and Australia, and we enable cross-border money transfers to 100+ countries worldwide.
Every day, our platform helps people support their families, pay for education and build better futures across borders. As part of the wider ACE Group, we combine a fast-paced growth culture with strong regulatory standards and a commitment to innovation in digital payments.
At ACE, you will work with talented, diverse teams across multiple regions and take real ownership of work that matters. You will also help shape the future of global money movement.

Learn more:

ACE Money Transfer Company Profile