Senior Manager, Treasury at GiveDirectly

What You’ll Do
Treasury Management
Cash management

• Lead the organization's cash management strategies.
• Guarantee visibility and access to cash to the countries we are operating in
• Lead in the implementation of secure payment channels for vendors, FX settlements, and recipients
• Drive in the review of settlements of any financial instruments the organization uses
• Monitor problems or issues with payments, i.e. recipient funding, and ensure they are investigated and resolved
• Ensure monthly bank reconciliations are done

Currency Management

• Design and implementation of hedging strategies to mitigate financial risks, primarily foreign currency cash flow exposure through the recommendation of executing derivative financial instruments, managing interest rate risk and liquidity management
• Periodic review of policies to reflect emerging risks for existing and new countries
• Support procurement of currency exchange
• Manage relationships with our hedging partners

Investment Management

• Lead formulation and redefining of investment policies to ensure the organization protects and grows its funds
• Lead cash concentration strategies to allow the organization to make long-term and short-term investments
• Manage investment execution and reporting
• Understand donor restrictions on investment of funds and implement them to ensure compliance

Bank Relationship

• Define policies on the banking structure for the organization
• Continuously assess banking needs for new and existing countries and make recommendations for necessary changes.
• Manage opening and closing of bank accounts and online banking user maintenance
• Manage KYC documentation for new & existing banks
• Lead relationship building with financial institutions to support financing needs and other treasury operations.

Risk Management

• Define and assess risk policies e.g banking, political, credit, fidelity
• Lead compliance to treasury regulations and guidelines.
• Manage risk tracker by ensuring it’s regularly updated by the Finance Managers and Country Directors on country risk profile

Budgeting Responsibilities

• Review budgets to ensure availability of sufficient funds for operational requirements, recommend adjustments to scheduled payments or redeeming of investments
• Review and approve cash flow plans;
• Collaborate with management in the ongoing refinement of cash flow forecasting models
• Define and update budgeting policies for better planning for the organization
• Troubleshoot budgeting pain points in partnership with our system providers

Financial Systems

• Define policies on financial system access for the team members
• Continuously appraise our finance systems to ensure they meet our needs and are structured for growth
• Deeply understand financial systems to enable the finance team to extract required information from the system
• Support the maintenance of user access rights to internal and external banking systems for the purposes of effecting payments, other authorizations and overall system security
• Assist system users in troubleshooting system issues before contacting system providers.

Others Duties

• Oversee the work of the treasury team
• Provide coaching and supervision to direct reports
• Perform other related duties as requested by the Director of Finance

What You’ll Bring

• At least 8+ years of relevant experience in an international Treasury function with exposure to foreign currency, interest rate, and liquidity risk, with proven experience in risk management
• Knowledge of and experience in risk management, cash flow forecasting, and foreign currency hedging strategies
• Modeling capabilities to design and manage short and long-term cash flows
• Confidence and willingness to challenge current processes, enthusiasm for innovation and diligence
• An ownership mindset, strong organisational skills and the ability to plan ahead
• Alignment with GiveDirectly Values and active demonstration of our core competencies: emotional intelligence, problem-solving, project management, follow-through, and fostering inclusivity.
• We welcome and strongly encourage applications from candidates who have personal or professional experience in the low-income and/or historically marginalized communities that we serve.