Director of Banking

2 weeks ago


United Kingdom Travelex Full time

Role Title: Card Issuing Finance Manager Reports to: Global Head of Finance - Products
Location: Hybrid (Home and Peterborough/London)


An important new role in the Travelex Finance team to support our regulated card programmes. Responsible for oversight and management of financial obligations in line with regulatory and card scheme requirements, with day-to-day activities for the programme managed by our programme manager or colleagues in our offshore team.

The successful candidate will be a hands-on Finance manager with experience working at a prepaid or Fintech card business. Managing responsibilities associated with card scheme settlement, reconciliation oversight and financial reporting.

As a Finance subject matter expert in card issuing, you will be called upon to support on projects and issues to provide guidance to colleagues, ensuring card products are compliant and can be supported from a financial operations perspective.


Finance
Monitoring and controlling working capital
Overseeing and managing the card loads value with issuing bank fund holdings, including aggregate values, clearance delays, prefunding requirements, fees earned, incurred and held
Monitoring & reconciling transaction activity across issuing and Mastercard network, including identification of chargebacks, fees and costs as applicable
Ensure cash management is optimised between the Banks and other payment providers.
Ensure any financial exposures from foreign exchange are managed and controlled effectively
Using the above processes put in place, to ensure that all regulatory and card scheme financial obligations and activities are met in a timely and accurate manner
Working closely with the offshore general ledger team to: Review the monthly actual P&L and BS against budget/forecast/prior year, ensure relevant KPI’s/SLAs are in place and are adequately monitored and reported, regular review of the relevant reconciliations
Manage all internal and external finance queries relating to the Card issuing and programme management
Be the Finance Lead on all card issuing projects or initiatives
Provide support to the offshore finance team
Timely completion of statutory accounts and year end audits


Be the Finance SME for Cards issuing, providing finance, commercial and regulatory knowledge and insight
Support colleagues in other navigating challenges related to financial obligations in relation to card issuing


Hold a relevant accounting qualification (ACCA/CIMA/ACA)
Demonstrable experience in the card payment industry, ideally in prepaid/fintech or e- money
Comfortable with regulatory and card scheme financial obligations and activities
Familiar with Conduct Risk and Consumer Duty
Modelling and ad hoc analysis of card programmes
Advanced Excel skills
Regulatory audits and interviews
Familiar with Open Banking and Straight Through Payment Processing



To remain the world’s leading foreign exchange specialist, we are focused on making our customers’ lives simpler, more engaging and hassle free while they travel or move money abroad. We promise to give them the freedom and peace of mind to explore the world, their way – enabling them to travel confidently because they know they have us to lean on.

Customer centricity and digital are at the heart of our business strategy. Our commitment to innovation has never been greater, with the development of several digital-first, greenfield products, and services. And with the Travelex's resources, deep industry experience and leading brand we are inventing the future of FX, cross-border e-commerce, and international payments.

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status


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