At Remitly, we help immigrant communities around the world send over $8 billion a year to their loved ones. Sending money is faster, easier, and costs less with our all-digital money transfer platform. Our vision is to transform the lives of immigrants and their families by providing the most trusted financial service products on the planet. At Remitly, your work has a direct and positive impact on people around the globe. Your work matters, every day.
The treasury team is a core part of Remitly’s business, as it is tied to both revenue generation and risk mitigation. The goal of the team is to support the mission of Remitly by managing risk, providing superior foreign exchange execution, and optimizing our use of capital to deliver on our promise to immigrants sending money across the world. Our treasury strategy has 3 pillars: Risk Management, Foreign Exchange Management, and Capital Optimization. The treasury team works very closely with several other functions, including the pricing team who is tasked with setting the price (FX rate and fees charged) for each product, the business development team who negotiates the relationships with international banks and disbursement partners, compliance, and accounting.
The ideal candidate is a strong leader experienced in building and growing global teams who is passionate about fostering strong business partner relationships and is also comfortable rolling up his/her sleeves to execute. The Treasurer will manage the current treasury team and will report directly to Remitly’s CFO. This position will be based in the company headquarters in Seattle, WA.
What you’ll be doing:
Create the vision for Remitly’s treasury organization, including the top strategic priorities and success metrics
Lead a global treasury team with near 24/7 operations including three existing functions
Cash Management - Oversee the projection of liquidity needs and the daily execution of funds transfers including wires, bank accounts, investments, etc
Trading Operations - Oversee the execution and optimization of $7B+ annual currency trades within risk frameworks
Treasury Strategy - Oversee the evaluation of trading strategies, operational policies, and other optimizations to increase FX spreads or mitigate risk
Empower your team, and where necessary roll up your sleeves to identify and hit treasury performance metrics including trade execution efficiency, managing risk through net positions/ exposures, and FX gains and losses to identify areas of improvement
Identify and execute on process and systems improvements
Work with product management and engineering to build proprietary treasury tools to improve access to data and increase operational efficiency
Build and maintain relationships with corporate banks, lenders, and global remittance partners. Assist with negotiations on bank fees and FX spreads and ensure contractual terms are met.
Ensure compliance with regulatory and credit requirements
Serve as the company expert on treasury and FX matters internally, with the Board/ audit committee, and with investors
Coordinate/liaise with teams across Remitly including pricing, accounting, compliance, business development and product/ engineering teams
Who we are looking for:
Experience building and leading a world-class treasury team and infrastructure in a high growth, fast paced, global environment
Proven success leading through change and ambiguity; strong people development skills
Excellent at partnering with other functions in a matrixed organization and with external constituents (corporate banking partners, trading partners etc.)
Experience managing foreign currency trading
Treasury operations expertise in a high volume, high velocity environment (payments or FinTech ideal)
Skills and aptitudes:
Strong problem solving and analytical skills with a data-driven approach
Entrepreneurial mindset, with experience building and improving capabilities and processes
Aptitude to articulate business needs, determine appropriate levels of risk, and formulate clear recommendations to stakeholders including senior management and the audit committee
Executive presence including strong written and verbal communication skills
Advanced degree in finance related field preferred
Who we are:
Remitly is the largest independent digital remittance company headquartered in the United States, transferring over $8 billion in annualized volume from its customers in the United States, United Kingdom, Canada, and Australia to loved ones throughout the world. The company’s proprietary global transfer network includes its easy-to-use mobile app, which makes the process of sending money faster, easier, more transparent and less costly by eliminating the forms, codes, agents, extra time and fees typical of the traditional, century-old money transfer process. Remitly is backed by industry-leading investors including Generation Investment Management, Naspers’ PayU, Stripes Group, DFJ, QED Investors, Trilogy Equity Partners, Bezos Expeditions, Founders’ Co-Op, and TomorrowVentures. The company is headquartered in Seattle, with additional offices in London, the Philippines, and Nicaragua. For more information, visit remitly.com.
Remitly is an Equal Opportunity Employer. Individuals seeking employment at Remitly are considered without regard to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, or sexual orientation.