Senior Financial Strategist

1 week ago


London, Greater London, United Kingdom Travelex Full time

Company Overview

We are Travelex, a leading foreign exchange specialist dedicated to making our customers' lives simpler, more engaging, and hassle-free while they travel or move money abroad.

Salary

We offer an estimated salary of £60,000 - £80,000 per annum, commensurate with experience, for this exciting role.

Job Description

The successful candidate will be responsible for overseeing the financial obligations of our regulated card programmes, ensuring compliance with regulatory and card scheme requirements. They will work closely with our programme manager and offshore team to manage day-to-day activities, including card scheme settlement, reconciliation oversight, and financial reporting.

Key Responsibilities

  • Monitoring and controlling working capital
  • Managing the card loads value with issuing bank fund holdings, including aggregate values, clearance delays, prefunding requirements, fees earned, incurred, and held
  • Ensuring sufficient tracking and reconciling customer funds by currency and any surplus/deficit
  • Monitoring & reconciling transaction activity across issuing and Mastercard network, including identification of chargebacks, fees, and costs as applicable
  • Optimising cash management between the Banks and other payment providers
  • Managing financial exposures from foreign exchange effectively
  • Preparing the budget and reforecasts for the Card self-Issuing entity
  • Working closely with the offshore general ledger team to review 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
  • Preparing monthly management reporting packs for Business and Product team reviews, including insight commentary
  • Identifying improvements to Travelex reporting standards, processes, and systems
  • Managing internal and external finance queries relating to Card issuing and programme management
  • Leading on all card issuing projects or initiatives
  • Providing support to the offshore finance team

Required Skills and Qualifications

  • 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
  • Knowledge of sweeping and pooling of funds for payment processing and settlement
  • Familiar with Conduct Risk and Consumer Duty
  • Modelling and ad hoc analysis of card programmes
  • Advanced Excel skills
  • Strong analytical skills

Benefits

  • A competitive salary package
  • Ongoing professional development opportunities
  • A dynamic and supportive work environment
  • The chance to work with a leading foreign exchange specialist


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