Our client is a Payment Service Provider offering turnkey solutions to its clients and an opportunity has become available as they are looking to recruit a Head of Treasury for the offices in Limassol. 

Key Responsibilities: 

Liquidity Management:

• Ensure that regulated entities maintain sufficient funds to meet all obligations.
• Establish and implement procedures for monitoring cash flow related to client transactions. 
• Manage reserves, including bank balances in various currencies, to facilitate smooth payment processing. 
• Oversee foreign exchange FX  management to ensure availability of relevant funds in appropriate currencies for timely customer payments. 
• Analyze and manage FX costs charged by banks against FX revenues charged to customers. 

Risk Management:  

• Identify and mitigate financial risks, including FX fluctuations, interest rates, and commission rates charged to clients.
• Collaborate with the Compliance team to provide accurate and complete data for regulatory reports, ensuring thorough cross-checks of data provided by the Treasury team.
• Facilitate reconciliation processes to maintain data integrity prior to regulatory submissions. 
• Ongoing monitoring and assessment of the health and operational status of rail service providers.

Internal Controls: 

• Establish and monitor robust internal controls to prevent fraud, addressing both internal and external threats
• Conduct regular assessments of control effectiveness and implement improvements as necessary.

Salary and benefits: 

• Salary of based on experience and qualifications. 
• Yearly bonus upon performance and discretion of Management.
• Company sponsored lunches (choice from a menu).
• EKO Petrol Card.
• Hybrid work model with one day working from home after probation period.

Working hours:  

Monday to Friday 9:00 – 17:00

1 day per week working from

TO APPLY for this job opportunity, send your CV (in English please) to [email protected] and include the reference:  Head of Treasury / Treasury Specialist – VAC-C2946. We look forward to hearing from you!