Full-Time

Head of Corporate Treasury

Posted on 10/25/2024

Remitly

Remitly

1,001-5,000 employees

International money transfer for immigrants

Fintech
Financial Services

Compensation Overview

$164k - $205kAnnually

+ Equity

Expert

Seattle, WA, USA

Category
Treasury
Finance & Banking
Requirements
  • Significant 10 or more years of experience in Treasury functions, ideally in large international environment, with previous change-management / integration experience desirable
  • Experience in Debt origination and management
  • Has a deep understanding of bank account management, international funds flows and cash management systems
  • Experience with foreign exchange and intercompany cash management and structuring
  • Broad experience across banking platforms, treasury workstations and/or ERP systems
  • A team approach: will be a key player with building out new markets and will require collaboration across the organization
  • Strategic thinker with excellent verbal and written communication; able to communicate complex financial issues in simple, understandable terms
  • Knowledge of accounting processes and internal controls
  • Experienced leader that must be prepared to be hands-on and lead from the front
  • Self-starter, highly ethical, reliable, highly communicative with the demonstrated ability to work with minimal supervision
  • Bachelor's degree in Accounting, Finance, Economics, Business, or a related field
  • Experience leveraging machine learning or artificial intelligence for insight and automation
  • Experience in fintech industry, especially payments
  • Profession certification (CTP or CPA) a plus
Responsibilities
  • Manage a global team with talent in Seattle, London, Philippines, and Nicaragua
  • Manage our global cash resources and full life cycle for treasury payments including settlement of all wire payments and FX trade settlements
  • Conduct strategic cash management reviews, developing cash management strategy, building policy, reporting, technology, and process roadmaps
  • Forecast cash flow positions, related borrowing needs, and available funds for investment, ensuring that sufficient funds are available to meet ongoing operational and capital investment requirements
  • Key owner of Remitly's debt portfolio. Managing our bank facilities, including origination, renewals, drawdowns and headroom
  • Develop centralized and standardized global bank account administration and documentation processes
  • Key stakeholder in corporate entity management
  • Review our cross entity FX and balance sheet exposures, taking action to correct any imbalance, recommending hedges where appropriate
  • Develop and maintain strong banking relationships to ensure delivery of appropriate and cost-effective global banking services and support
  • Identify, recommend, and help implement new technologies and enhancements

Remitly focuses on international money transfers, helping immigrants send money to their families quickly and securely at lower costs than traditional banks. The company charges transaction fees and earns from the exchange rate margin, offering various transfer options like bank deposits and cash pickups. Remitly enhances user experience through its website and mobile app, allowing real-time tracking of transfers, and engages with immigrant communities by providing helpful resources and educational support. Its goal is to meet the unique needs of immigrants while ensuring fast, affordable, and reliable money transfer services.

Company Stage

IPO

Total Funding

$423.9M

Headquarters

Seattle, Washington

Founded

2011

Growth & Insights
Headcount

6 month growth

2%

1 year growth

11%

2 year growth

22%
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased digital wallet adoption in key markets expands Remitly's reach to unbanked individuals.
  • AI agents in operations could reduce costs and improve Remitly's efficiency.
  • Visa collaboration enhances Remitly's cross-border fund flow services, boosting customer satisfaction.

What critics are saying

  • Swift's integration into banks' channels poses a competitive threat to Remitly.
  • AI agents' rise may challenge Remitly's operational model in efficiency and cost-effectiveness.
  • Schall Law Firm's investigation could impact investor confidence and Remitly's reputation.

What makes Remitly unique

  • Remitly focuses on immigrants, offering competitive rates and fast, secure transactions.
  • The company leverages technology for a seamless user experience via its app and website.
  • Remitly engages with immigrant communities through content and educational initiatives.

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Benefits

Continuing Education or Travel Stipend

Office Culture

Flexible PTO, Schedules and Leaves

DEI Learning Opportunities

Community Engagement

Inclusive Benefits

INACTIVE