About Us:

ACE Money Transfer is a UK-based multinational company headquartered in Manchester, United Kingdom. ACE Money Transfer provides online remittance services to individuals in 28 countries across the UK, Europe, Canada, and Australia, enabling them to send money across borders in over 100 countries.

Purpose of the Role

Treasury Team Lead manages day to day Treasury operations and leads the Treasury team to ensure effective

cash management, liquidity planning, bank funding, settlements, FX support, and operational controls. The role

ensures Treasury activities are completed accurately, within cut-off times, and in line with approved policies, limits, and compliance requirements.

Key Responsibilities

Lead, supervise, and develop the Treasury Operations team.
Monitor daily cash balances, liquidity positions, and funding requirements.
Ensure bank accounts are funded on time and within applicable cut-off times.
Plan funding requirements for weekends, public holidays, and high-volume periods.
Monitor local and international settlements and ensure completion within agreed timelines.
Review pending transactions, failed payments, and settlement exceptions.
Ensure reconciliations are completed accurately and outstanding breaks are resolved on time.
Monitor Treasury limits, counterparty exposure, and key operational risk indicators.
Escalate material funding gaps, limit breaches, settlement delays, and control issues promptly.
Support FX exposure monitoring and ensure approved FX deals are processed within currency cut-off times.
Ensure maker-checker and four-eye controls are followed for all relevant transactions and system entries.
Review daily Treasury reports, cash-flow forecasts, funding updates, and operational dashboards.
Maintain the Treasury incident log and ensure incidents are investigated and reported on time.
Coordinate with banks, Finance, Compliance, Operations, and other internal stakeholders.
Maintain accurate records, supporting documents, approvals, and audit trails.
Support implementation of Treasury policies, procedures, system changes, and process improvements.
Maintain sufficient cross-training and cover arrangements within the team.
Support the Treasury Manager or Unit Head with management reporting, audits, and strategic Treasury initiatives.

Qualification & Experience

Bachelor’s degree in Finance, Accounting, Economics, Business Administration, or a related field.
Professional qualification in Treasury, Finance, Accounting, or Risk Management is preferred.
Minimum 4-6 years of experience in Treasury Operations, Banking Operations, Cash Management, or Financial Services.
Experience in cash-flow forecasting, bank funding, settlements, reconciliations, and FX operations.
Strong knowledge of Treasury controls, maker-checker processes, and operational risk management.
Proficiency in Excel and financial reporting tools; knowledge of Treasury Management Systems and bank portals is preferred.
Strong analytical, communication, stakeholder-management, and team-leadership skills.

Key Performance Indicators

Settlement Performance: Local and international settlements completed within the agreed SLA.
Funding Accuracy: Accurate and timely funding of bank accounts and execution of funding instructions.
Forecast Accuracy: Cash-flow forecasts accurately reflect actual funding requirements.
Funds Shortages: Number and value of funds-shortage incidents monitored and minimized.
Reconciliations: Aged reconciliation breaks resolved within agreed timelines.
Cut-off Discipline: Zero missed bank or currency cut-off times.
Control Compliance: Compliance with Treasury limits, policies, procedures, and four-eye controls.
Incident Management: Timely escalation, resolution, and closure of incidents, exceptions, and control issues.
Reporting: Accurate and timely delivery of Treasury reports and management information.
Team Development: Completion of training, cross-training, productivity improvement, and achievement of agreed team objectives.

ACE Money Transfer Profile:https://acemoneytransfer.com/company-profile

About the company

ACE Money Transfer is a UK-based fintech that helps people send money internationally. Users can transfer to over 100 countries via its website or mobile app, funding transfers with debit/credit cards, Google Pay, or Apple Pay, and recipients can receive funds by bank deposit, cash pickup at over 375,000 locations, or mobile wallets. It earns revenue from transfer fees and currency exchange margins and evolved from physical branches and fax workflows to a fully online service after the COVID-19 pandemic, with oversight from the FCA and regulators in Australia and Canada. Its goal is to provide reliable, accessible remittance services with clear fees and multiple payout options that connect migrants to their communities.

Company Size

201-500

Company Stage

N/A

Total Funding

N/A

Headquarters

Warrington, United Kingdom

Founded

2002

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Simplify's Take

What believers are saying

Ireland became profitable within six months, proving fast international expansion execution.
Payfuture partnership in June 2026 expands payout reliability across Africa, Asia, and Middle East.
PNB partnership and Askari Bank deal deepen Pakistan coverage for core expatriate corridors.

What critics are saying

Remittance margins stay thin; corridor fee pressure from Wise and Remitly compresses growth.
Director Tariq Mehmood exited June 22, 2026, signaling possible governance churn.
Visa dependency on card funding creates platform risk if AFT economics deteriorate.

What makes ACE Money Transfer unique

FCA, Central Bank of Ireland, KNF, FINTRAC, and AUSTRAC oversight builds trust.
ACE serves 1.3 million customers across UK, Europe, Australia, and Canada.
Visa AFT collaboration in July 2026 strengthens card-funded transfer infrastructure.

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Benefits

Remote Work Options

Company News

Pakistan Pulse 360

Sep 16th, 2026

ACE Money Transfer introduces new app enhancements for faster and simpler transfers.

ACE Money Transfer introduces new app enhancements for faster and simpler transfers. * Follow Us Updated mobile experience is designed to make sending money easier, faster, and more convenient for customers. Manchester, United Kingdom - ACE Money Transfer has introduced a series of enhancements to its mobile app, making it easier for customers to send money internationally through a faster, simpler, and more intuitive experience. The latest update introduces enhancements across the customer journey, designed to make money transfers more convenient, intuitive, and transparent while improving the overall user experience. The enhancements are part of ACE Money Transfer's ongoing efforts to deliver a digital remittance service that is simple, reliable, and easy to use. Among the key enhancements: the transfer process now moves through a clearer, structured flow, with live updates to fees and exchange rates shown upfront so customers can see the full payment amount before they commit. Adding a new receiver has also been simplified into a more intuitive, step-by-step process. The app now displays active promotions and offers more prominently, and customers can track their transfer status in real time, including during manual review so they always know exactly where their money is. The identity verification process has also been streamlined, giving customers clearer visibility and control over any outstanding steps. As digital financial services continue to evolve, customer expectations around speed, convenience, and transparency are also changing. ACE Money Transfer continues to invest in its digital platform to ensure customers benefit from a smooth and dependable money transfer experience. Commenting on the update, Qamar Adnan, Chief Product Officer at ACE Money Transfer, said: "Customers want speed, clarity, and confidence when sending money internationally. These enhancements are designed to make every transfer simpler and more convenient, giving customers a better experience from the moment they open the app until their money reaches their loved ones." The latest enhancements reflect ACE Money Transfer's continued commitment to improving its digital services and delivering a customer-first remittance experience across its international markets.

Financial IT

Jun 9th, 2026

Payfuture and ACE Money Transfer strengthen cross-border payment services through strategic partnership.

Payfuture and ACE Money Transfer strengthen cross-border payment services through strategic partnership. * Payments * 09.06.2026 09:47 am Payfuture, the global payments company building financial infrastructure in emerging markets, today announced a strategic partnership with ACE Money Transfer, one of the UK's most established remittance providers, serving more than 1.3 million customers across UK, Europe, Australia, and Canada. As part of its ongoing efforts to support leading remittance providers in delivering seamless cross-border payment experiences, Payfuture has partnered with ACE Money Transfer to enhance payout services across key remittance markets. The collaboration reflects a shared commitment to improving service reliability, operational efficiency, and the overall customer experience. The partnership supports ACE Money Transfer's growing customer base, many of whom rely on remittance services to support family members and loved ones abroad. As demand for fast, reliable, and convenient international money transfers continues to increase, strategic collaborations between payment providers and remittance companies play an important role in delivering a consistent and trusted customer experience. For ACE Money Transfer customers who regularly send money to support family members and loved ones abroad, reliability and efficiency are essential. Through this partnership, Payfuture is supporting ACE Money Transfer in enhancing its payout capabilities and delivering a more seamless and dependable experience for customers across key remittance markets. Through its partnership with ACE Money Transfer, Payfuture is helping support enhanced payout capabilities, contributing to improved service reliability, operational efficiency, and a seamless experience for both senders and recipients. Sid Gautam, Chief Revenue Officer at Payfuture, said: "We're delighted to be partnering with ACE Money Transfer, a business that shares our commitment to making cross-border payments faster and more reliable. Together, we're helping ACE deliver a better experience for their customers sending money home, with the speed and consistency that matters most to them." Hasan Mubarak, Group Unit Head - Corporate Relationship & Business Development at ACE Money Transfer, said: "At ACE Money Transfer, we are committed to continuously enhancing the experience we provide to our customers. Our partnership with Payfuture reflects that commitment, helping us strengthen our service offering and deliver a more reliable, efficient, and seamless remittance experience. We look forward to working together to support the evolving needs of customers and further improve the way people send money across borders." The partnership reflects the growing demand for reliable, efficient, and customer focused cross-border payment solutions. As customer expectations continue to evolve, collaboration between payment providers and remittance companies plays an increasingly important role in delivering seamless payment experiences. Through partnerships with established remittance providers such as ACE Money Transfer, Payfuture continues to support the delivery of dependable payment services while helping enhance customer experience across global remittance markets

PR Newswire

May 19th, 2026

ACE Money Transfer hits profitability within six months of Irish launch

ACE Money Transfer has announced that its Irish operations reached profitability within six months of launch, marking a significant milestone in the company's European expansion strategy. The Dublin-based division, authorised by the Central Bank of Ireland, has seen strong customer adoption of its cross-border payment services across major European remittance corridors. Ireland serves as the company's strategic, regulatory and operational hub for Europe. The rapid profitability validates ACE's product-market fit and the scalability of its European model, according to CEO Arslan Naeem. The company attributes success to regulatory readiness, competitive pricing and focus on customer experience. ACE Money Transfer plans to expand further across European corridors, powered by sustained market demand and broader adoption of digital remittance services.

PakBanker

Feb 28th, 2026

ACE Money Transfer Partners with Askari Bank to Expand Digital Remittance Channels in Pakistan

ACE Money Transfer partners with Askari Bank to expand digital remittance channels in Pakistan. ACE Money Transfer, a leading global remittance service provider, has entered into a strategic partnership with Askari Bank to strengthen and expand legal and digital remittance channels in Pakistan. The collaboration was formalized during a signing ceremony in Islamabad, attended by senior representatives from both organizations, highlighting a shared commitment to enhancing remittance accessibility and security for customers across the country. The partnership aims to improve payout coverage for overseas Pakistanis residing in key markets including the UK, Europe, Australia, Canada, and other major corridors. Beneficiaries will now have access to more convenient and reliable remittance services through Askari Bank's extensive nationwide network, enabling seamless transfers via formal banking channels. Through this initiative, ACE Money Transfer continues to expand its trusted network of payout partners, ensuring greater flexibility and accessibility for recipients across Pakistan. The move also supports the broader agenda of promoting regulated remittance flows, contributing to a digitally enabled financial ecosystem and fostering transparency and accountability in cross-border financial transactions. Speaking at the ceremony, Hasan Mubarak, Group Unit Head at ACE Money Transfer, emphasized the company's focus on strengthening its global payout infrastructure to better serve overseas Pakistanis and their families. He highlighted that the collaboration with Askari Bank reflects a mutual commitment to delivering reliable and accessible remittance solutions, while encouraging the use of formal financial channels for economic stability. Muzammil Hanif, Head of Home Remittance and RDA at Askari Bank, underscored the bank's strategic focus on secure, efficient, and future-ready remittance solutions. He stated that the partnership enhances Askari Bank's home remittance capabilities and deepens engagement with overseas Pakistanis, ensuring that funds reach beneficiaries through transparent and regulated banking systems. This initiative is aligned with the bank's broader commitment to digital financial services and financial inclusion. The collaboration is expected to provide several advantages, including improved transaction speed, greater reliability, and enhanced digital access for customers. It also aligns with Pakistan's ongoing efforts to increase adoption of formal financial channels and strengthen the country's remittance infrastructure, which remains a critical source of economic resilience and household income support. This partnership highlights the growing importance of innovative, compliant, and customer-centric approaches in the remittance sector. By integrating technology-driven solutions with a strong regulatory focus, ACE Money Transfer and Askari Bank aim to set a benchmark for secure and efficient cross-border financial services in Pakistan. As digital financial services continue to expand, the collaboration reinforces the role of formal banking networks in delivering inclusive and accessible remittance solutions. The initiative not only strengthens operational capabilities but also contributes to economic stability by promoting transparency, efficiency, and trust in Pakistan's financial ecosystem.

ACE Money Transfer

Treasury Team Lead

About the job