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Lead Treasury Operations



Accounting & Finance, Operations
United Kingdom
Posted on Monday, June 24, 2024

About Tide

At Tide, we are building a finance & admin platform designed to save small businesses time and money. We provide our members with business accounts and related banking services, but also a comprehensive set of connected administrative solutions from invoicing to accounting.

Launched in 2017, Tide is now the leading business financial platform in the UK with 575,000 SME members (10% market share) and more than 250,000 SMEs in India. Headquartered in London, Tide has over 1,800 Tideans across the UK, Bulgaria, India, Serbia, Romania, Ukraine and Germany.

Tide is rapidly growing, expanding into new markets and always looking for passionate and driven people. Join us in our mission to empower small businesses and help them save time and money.

About the team

The Treasury team acts as 1st LoD and is at the forefront of driving financial excellence and supporting strategic growth. The Treasury team mission is to optimise the company's financial resources and investment, manage financial risks, ensure robust liquidity and effective cash management and comprehensive treasury operations.

Moreover the team collaborates closely with the product and business team to align financial strategies with business objectives. By contributing to impactful financial decisions, the Treasury team aims to enable sustainable success and growth.

About the role

As the Lead of Treasury Operations, you will play a crucial role in the team to maintain our financial health, ensure efficient treasury operations, and drive our growth. Your responsibilities will include:

  • Cash management:
    • Design and implement the global cash management strategy to optimise usage of cash.
    • Manage and monitor wholesale credit limits to ensure adequate liquidity for operations minimising counterparty risk.
    • Ensure optimal bank accounts structure and compliance with banking regulations and oversee all the activities related to the company’s bank accounts management.
  • Managing relationships with partner banks:
    • Build and maintain strong relationships with banking partners.
    • Oversee the Know Your Customer (KYC) process.
    • Ensure all banking relationships comply with regulatory requirements and internal policies.
  • Payments/transfers execution and collateral management:
    • Execute and oversee all payment and transfer activities.
    • Ensure accuracy, timeliness, and compliance with relevant policies.
    • Manage collateral requirements, including monitoring collateral positions.
  • Setup and maintain policies, processes, and procedures:
    • Develop, implement, and maintain robust treasury policies.
    • Establish efficient processes and procedures for treasury operations.
    • Regularly review and update policies to adapt to changing regulations and business needs.
  • Deputise for the Treasurer when required:
    • Act as the primary backup for the Treasurer in their absence.
    • Take on the Treasurer's responsibilities to ensure continuity in treasury operations.
    • Engage in strategic decision-making and stakeholder communication.

What we are looking for

Tide is seeking an experienced and visionary Lead of Treasury Operation. The ideal candidate will have:

  • Minimum of 9 years of experience with Treasury Operations and Cash Management
  • Prior experience in financial services – preferably in technology-driven & scale-up environments preferred
  • Strong knowledge of cash-flow forecasting, flow of funds and payment systems
  • Self-starter, independent and extreme ownership mentality
  • Experience overseeing controls and mitigating operational and financial risk
  • Experience with SAP Cash Management system
  • Experience utilising BI reporting tools (Looker/Power BI/Tableau etc.) is desirable
  • Experience working within a dynamic and strong paced environment
  • Experience in managing and leading operations across multiple locations and countries
  • Excellent communication and stakeholder management skills

What you’ll get in return:

  • Competitive salary
  • Flexible working options
  • Share options
  • Group Life Insurance
  • Vitality Health Insurance, with a proactive focus on mental and physical wellbeing
  • 25 days holiday with the ability to buy extra days
  • 3 days for L&D or volunteering time off per year
  • We invest in your development with a £1,000 professional L&D budget per year
  • Access to ‘salary sacrifice’ benefits such as Cycle to Work scheme and pension contribution
  • Spacious brand-new office near Old Street with an all-day snacks bar
  • Enhanced family-friendly leave
  • Sabbatical leave

Tidean Ways of Working

At Tide, we champion a flexible workplace model that supports both in-person and remote work to cater to the specific needs of our different teams.

While remote work is supported, we believe in the power of face-to-face interactions to foster team spirit and collaboration. Our offices are designed as hubs for innovation and team-building, where we encourage regular in-person gatherings to foster a strong sense of community.

Tide is a place for everyone

At Tide, we believe that we can only succeed if we let our differences enrich our culture. Our Tideans come from a variety of backgrounds and experience levels. We consider everyone irrespective of their ethnicity, religion, sexual orientation, gender identity, family or parental status, national origin, veteran, neurodiversity or differently-abled status. We celebrate diversity in our workforce as a cornerstone of our success. Our commitment to a broad spectrum of ideas and backgrounds is what enables us to build products that resonate with our members’ diverse needs and lives.

We are One Team and foster a transparent and inclusive environment, where everyone’s voice is heard.

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