Treasury Lead, Monese
More information about location
3 days a week in office (Marylebone, London)
Mobile-only digital banking alternative
Posted today
Mobile-only digital banking alternative
101-200 employees
Posted today
More information about location
3 days a week in office (Marylebone, London)
101-200 employees
Company mission
To make global banking accessible to everyone.
Role
Who you are
- Minimum 5 years experience in Treasury function in a financial institution, payments service provider, electronic money issuer or in other similar field
- Understanding of UK and wider European payments and electronic money regulations
- Knowledge of Treasury ALM and Risk management concepts
- Experience in an EMoney, Payments or related company preferred
- Knowledge of SQL and relational databases strongly preferred
- Accomplished in financial modelling and analytics
- Analytical, strategic thinker with strong judgement and foresight
- Degree in Finance, Economics or Accounting or equivalent experience
What the job involves
- This role will support the delivery of key treasury change initiatives, including a major migration programme, while also taking responsibility for the day to day operation of treasury activities
- The individual will work closely with finance, operations, technology and external partners to ensure project milestones are met without disruption to liquidity, funding, payments, and banking operations
- The role requires hands on project management of treasury and banking migrations, owning end to end delivery from planning and stakeholder coordination through to cutover and stabilisation
- Designing the payment flows in the e-money ledger and related safeguarding flows to make most efficient use of the capital and meet the regulatory requirements
- Supporting the design of processes and procedures around compliant and efficient safeguarding requirement
- Designing the reconciliation models/processes for the core ledger and all the partner payment flows
- Setting up the reporting processes and data collection around the financial and regulatory reporting
- Building models and strategies to forecast and manage EMI capital requirements and operational liquidity at all our partners
- Scoping and evaluating treasury requirements for any new product integration and ensuring these are met by the product
- Conducting and building quality controls of various different processes and rules around the treasury operations
- Managing ad hoc projects and putting out daily fires
- Supporting Treasury team in daily operations
- Working closely with internal tech and product teams and liaise with external payment partners in development and maintenance of treasury flows
Salary benchmarks
Our take
Most banks haven't innovated their consumer offering for decades, but in recent years the tide has been turning. Fast-moving disruptors have brought numerous consumer-first banking products to market, with valuable and innovative features - and one of these is Monese.
Monese's differentiator is that it targets customers with a ‘thin’ credit file, which makes it attractive to recent migrants or other customers that don’t have a full financial history. These people can find it cumbersome to apply for accounts with high street banks, but with Monese accounts can be opened in just 2 minutes with minimal documentation.
In 2023, the company launched its XYB banking platform, aiming to improve the way banks make financial services available for UK and European clients. The next year, Monese was acquired by Pockit (another business serving underbanked people). The companies remain in a transitionary period as the combination of their operations is finalised, both continuing to deliver their valuable services.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 7 rounds)
Sep 2022
$35m
LATE VC
Sep 2021
$90m
SERIES C
Total funding: $208.5m
Company benefits
- 25 days annual leave, plus public holidays, plus an extra day every year worked
- Hybrid working and 30 days work abroad per year
- Sports compensation with Stebby or direct discount from a gym
- 10 paid sick days per year
- Learning & development budget and 10 paid learning days per annum
- VIP Pockit & Monese accounts
- Share options (exact details depending on your role and level)
- Social events throughout the year
- Bupa personal private healthcare
Company HQ
City of London, London, UK
Leadership
Virraj Jatania
(CEO (Pockit))CEO and Co-founder of Monese's parent company, who has been involved with leading the company since its acquisition in 2024. Previously worked for a multinational company in the cosmetics and personal care space.
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