Head of Treasury, NALA
3+ days a week in office
African and Asia cross-border payments company
Posted today
African and Asia cross-border payments company
101-200 employees
Posted today
3+ days a week in office
101-200 employees
Company mission
To increase economic opportunity on the African continent and for its diaspora around the world.
Role
Who you are
- Bachelor's degree in finance, accounting, economics, or related field. MBA or CFA designation preferred
- Proven experience in treasury management, preferably within the financial services industry
- Strong understanding of financial markets, banking operations, and payment infrastructure
- Excellent knowledge of cash management practices, liquidity management, and foreign exchange risk management
- Familiarity with regulatory compliance requirements, such as anti-money laundering (AML) and know your customer (KYC) regulations
- Proficient in financial analysis, financial modeling, and financial reporting
- Strong leadership and people management skills, with the ability to inspire and motivate a team
- Exceptional communication and interpersonal skills, with the ability to build and maintain relationships with internal and external stakeholders
What the job involves
- As the Head of Treasury at NALA, you will play a pivotal role in our mission to increase economic opportunities for Africans across the globe
- NALA is a groundbreaking fintech company that aims to build a bank for the African diaspora, starting with a focus on remittances
- Our goal is to provide innovative financial services and infrastructure that connect Africans living overseas with their loved ones back home
- Backed by prominent investors including Balderton Capital, Y-Combinator, Accel Partners, and notable fintech angel investors, we are poised for rapid growth and success
- In this role, you will be responsible for overseeing and managing the treasury function within our organization
- You will play a critical role in optimizing our financial operations, managing risk, and ensuring the smooth execution of international money transfers
- Your expertise in treasury management, financial analysis, and regulatory compliance will be vital in shaping our financial strategy, driving growth, and building a sustainable banking platform for the African diaspora
- Develop and implement treasury policies and procedures to ensure efficient cash management and liquidity
- Manage and execute daily cash operations, including cash flow forecasting, liquidity management, and fund transfers
- Monitor and analyze financial market trends and interest rate movements to optimize investment strategies
- Build and maintain relationships with banking partners and payment providers to streamline international money transfer operations
- Collaborate with cross-functional teams to ensure compliance with regulatory requirements and mitigate financial risks
- Conduct financial analysis and reporting, providing insights and recommendations to senior leadership
- Lead and mentor a team of treasury professionals, fostering a culture of continuous improvement and professional growth
- Stay abreast of industry best practices and emerging trends in treasury management and financial services
Salary benchmarks
Our take
As global enterprise has become more interwoven, and Africa grows as an economic powerhouse, financial infrastructure has failed to keep pace with growing demand. Nala is providing the financial services to meet that gap.
The company started in Tanzania as a consumer payments aggregator and has used that platform to launch a remittance business rooted in its connections with East Africa, driving down the eye-watering 10% fees for its diaspora userbase.
The FinTech startup is now looking to double down on the lucrative remittance business, onboarding more users in its newly licensed areas: the U.S. and France.
While NALA has had some success with the products its built so far, the true test for the company will be navigating the deeply complicated international infrastructure necessary for an international payments platform, all while retaining their consumer-friendly credentials.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 5 rounds)
Jul 2024
$40m
SERIES A
Jan 2022
$10m
SEED
Total funding: $50.3m
Company benefits
- 35 Days Off: Enjoy an amazing 35 days of holidays to unwind and explore (this includes bank holidays)
- Learning Budget: Fuel your growth with $1000 annually for learning and development.
- Competitive Equity Offer
- Global Workspace: Get access to WeWork locations worldwide.
- Birthday Leave: Celebrate your special day with a bonus day off to take off in that month
- Enhanced Parental Leave - We offer 16 weeks full pay for the primary care giver and 4 week full pay for the secondary caregiver.
- If you're in London we have hybrid Working: We work 3 days a week in the office (Mon, Wed, Fri)
- Sarabi: Themed snacks and Friday lunch with a focus on building great working relationships with the team in our London office
- Monthly Socials: Join fun social events every month for great times
- Free Coffee: Enjoy barista-style coffee at your fingertips.
- Office Fun: Play pool and table tennis when you need a break
Company values
- 🔥 Customers First, Always We build NALA for our customers and not anyone else. This means whether you are in Sales, Marketing, Engineering or Finance, everyone needs to understand who our customers are, what problems we are solving and how we are competitive in the market.
- 🥇 Here to Win This is a competitive space and so we understand that the stakes are high. The prize is a huge, both in terms of monetary gain and personal achievement. Everyone at NALA comes into the company knowing what we are competing for.
- 🚄 Speed Wins Execution is the only defence. We prioritise doing and interating over agonising and waiting for “perfect”. When we ship new products and features, we learn about how this helps our customers which informs the second iteration.
- 🧠 Understand Why We ask why until we know the fundamental truth and insight that drives decision making. Through speaking to customers and deeply understanding our work, we are able to deliver game changing solutions for our customers.
Company HQ
Canary Wharf, London, UK
Articles
Leadership
Benjamin Fernandes
(CEO)A Tanzanian entrepreneur and former TV Presenter. Benjamin has spent time working in the Financial Services and Digital teams of the Bill & Melinda Gates Foundation. Also attended the Stanford School of Business and the Harvard School of Government.
Diversity, Equity & Inclusion at NALA
- At NALA we value ambition, speed and outcomes but never at the expense of respect. Our global team spans 30+ countries with many ethnicities, beliefs, backgrounds and ways of life. It is this diversity of thought and experience that allows us to drive innovative solutions amidst the competitive world of cross boarder payments.
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