Vacancy | Cash Manager with international ambitions

15-07-2022 | Treasurer Search | treasuryXL | LinkedIn |


Treasurer Search has a new vacancy: Cash Manager with international ambitions.

The ideal candidate for this position has a relevant bachelor’s degree and at least 2 years of experience in corporate treasury, banking or with a treasury consultancy firm. As a person she is curious, communicative, analytical, and detail-oriented. She enjoys a broad set of tasks, combining hands-on with the analytical-strategic. Experience with a TMS is a plus. Speaking German and English is a must, not necessarily at native level.


Tasks Cash Manager

Recently an experienced treasurer started who will bring treasury to the next level. Together with his right hand person, he will manage operations and start various projects. Based upon talent and motivation, tasks will be diveded among the two. Next to projects, the main regular tasks are:

  • Daily cash management;
  • Monitor and manage global liquidity;
  • Monitor and structure bank accounts and cash flow;
  • Managing national and international Cash Pools and cash positioning;
  • Communication with international colleagues and external parties like banks;
  • Analysis and reporting as well as improvement projects;
  • FX spot deals and derivative settlements;
  • Optimizing TMS and bank payment systems.

Our Client

Our client is a traditional, German industrial company. They are active all over the world from various offices. The atmosphere is friendly and you will work in a small, two person treasury team where you will report to the Head of Treasury and are in frequent contact with the CFO.

Remuneration and Process

Indication of the maximum base salary for this position is €75K. Our client offers a bonus and excellent fringe benefits. For candidates who qualify and are interested, a more extensive job description is available.

In this project we cooperate with colleagues from a German recruitment agency.

Did you know that you can update your profile online and apply easily for this vacancy via the button ‘apply’ below? Read more about practical aspects of applying in this blog. Some of our clients ask candidates to take the Treasurer Test

Contact person

Ron van Haeff
T: +31 850 866 798
M: +31 6 1141 3269

5 steps to effective fraud prevention in fintech

14-07-2022 | treasuryXL | Refinitiv | LinkedIn |


A recent Refinitiv expert talk looks at the digital banking and fintech arena, unpacking the compliance challenges that dominate the sector and offering advice for a best-practice response.

Read more

The Role of AI in Liquidity Management | Webinar | July 21

13-07-2022 | treasuryXL | Kyriba | LinkedIn |


Join this 15-minute bitesize webinar with a leading Kyriba Liquidity Management specialist to learn how artificial intelligence and machine learning are being applied in today’s liquidity management processes and how they will affect the future of treasury.



Emerging technologies are changing the way finance functions operate, opening up new opportunities for treasury and enabling teams to deliver increased value to the organization. As a new decade emerges, executives are looking to artificial intelligence and machine learning as a means for enhancing overall operations.


In this session he will discuss:

  • Difference between Business Intelligence, Artificial Intelligence and Machine Learning
  • Why are AI Solutions needed for best-in-class enterprise liquidity management ?
  • What Kyriba offers
  • Challenges of building AI forecasting solutions within an organization



Approaches to FX Volatility

13-07-2022 | treasuryXL | ComplexCountries | LinkedIn |

The latest CompleXCountries report is based on two Treasury Peer Calls in which senior treasurers from Asia, the Americas and Europe discussed the latest bout of increased FX volatility, and the impact it is having on their hedging strategies. As to current volatility, some people are adjusting their strategies, but most prefer to stick with the approach which has already been defined.


FX – one of the biggest and most important challenges we all face. It has a direct impact on the business, and everyone has a view.

The calls (European morning and afternoon to accommodate Asia and the Americas) were to discuss the latest bout of increased FX volatility, and the impact it is having on people’s hedging strategies – if any. Unsurprisingly, it turned into a long discussion of the way different companies approach hedging. The report below is long and very varied – we managed to reduce it to 20 pages, but they are dense. As to current volatility, some people are adjusting their strategies, but most prefer to stick with the approach which has already been defined.

What is that approach? The participants came from a variety of different industries, and covered a broad range of different ways of handling the issue.

  • Everyone has a defined hedging approach, though most contain some degree of flexibility. So, if the approach is to hedge the next 6 months, for example, there may be leeway to go down to 4 months or up to 8.
  • Most people add their hedges via a layering approach, where they build up the hedge over time. This provides an average hedge rate, and avoids the risk of choosing a single point in time.
  • Everyone tries to match their hedges to the needs of the business. This involves co-ordinating with the business units to get their input on the ability to change prices, how long it takes to do so, etc.
  • Most companies have a centralised approach to hedging, but there is variety as to whether central treasury acts as and advisor, or as a decision maker. In most cases, this is decided by the company’s internal measurements and incentive system.
  • Several companies try to insulate the operating units from the effects of currency. This is done by various means: several participants operate re-invoicing centres, which invoice the operating entities in their own currencies, and manage the resulting exposures in the centre. One participant achieves the same result by levying a currency specific working capital charge on the operating units. The income from this charge is then used to pay for hedges – which may, or may not, actually be taken out.
  • In these cases, the centre usually operates as a profit centre – but with strong risk management disciplines to contain the danger of positions getting out of control.
  • One other approach is to fix a budget exchange rate for the coming year, and try to lock that in via hedges. There was a discussion as to whether this suits all businesses.
  • Most participants use forwards for hedging, with the choice of deliverable or NDF varying from one country to another. Several use options, though cost and accounting complexity were obstacles.
  • One participant has an approach which is built entirely around options, including a sophisticated trading strategy to reduce the cost of what they view simply as an insurance policy, like any other. This company is also very opportunistic, and will be active or inactive in the market according to their view of current pricing. This company is also private, and family owned, so they have a higher tolerance for earnings volatility than most – and they are not concerned about quarterly earnings announcements. They also have a relatively high margin business.
  • In this company, as in all others, this strategy is only possible because it has the understanding and buy-in of the management and the operating units. Every participant mentioned this as being key for success.
  • Generally, the percentage of hedging is fixed by policy. However, most participants exercise some judgement, based on the cost of hedging. This is particularly relevant for some emerging market countries, such as Brazil, Argentina and many African countries. The judgement as to what constitutes a hedge which is too expensive was often empirical, but the currencies which were left unhedged usually did not represent a significant exposure for the company.
  • Most participants prioritise balance sheet hedging over cash flow hedging, but some take the opposite approach. In all cases, the accounting treatment is a significant factor in determining the approach.

Bottom line: hedging and managing currency is one of the key competences of the treasurer. For many years to come, it will continue to be one of the areas where there is the biggest variation in approaches – and endless debates. If you have an approach which is well defined and which has been fully discussed with the business, there should not be any need to change it during a period of volatility – though it can be an excellent stress test!


This report was produced by Monie Lindsey, based on two treasury peer calls chaired by Damian Glendinning.

[The full report can be downloaded FREE by corporate treasury practitioners, please Log in to your account to download (if you receive emails from us – use your email address to retrieve your password), if setting up a new account, please ask for the FX report in the comments and ComplexCountries will send you a copy]

Please contact ComplexCountries to find out about their subscription packages.

GTreasury Launches New Connectivity Suite for Treasurers

12-07-2022 | treasuryXL | GTreasury | LinkedIn |


Workflow Brings in Third-Party Banking, Payments, and Financial Data

ClearConnect ensures the fidelity of data essential to treasurers and CFOs

CHICAGO, Ill. – July 12, 2022 – GTreasury, a treasury and risk management platform provider, today announced the launch of ClearConnect. Featuring more than 80 API calls in a dozen key categories, ClearConnect offers the most robust connectivity suite available to treasury teams and the office of the CFO. The solution provides immediate access to the comprehensive data required for confident and actionable treasury insights, and ensures the fidelity and security of that data through purpose-built connections bolstered by GTreasury’s support.

While “API” is becoming a buzzword often associated with data connectivity solutions, the terms are not synonymous. API connections are only as powerful as the underlying workflows that support them. Activating an out-of-the-box API is not an instant panacea for an organization’s data needs. Without the right underlying workflows, APIs not attuned to a business’s specific requirements will drop or fail to capture all the data sets necessary to power effective analytics and data lakes. Given the complexity of treasury and risk management, those missing insights can result in significant consequences for treasury teams and CFOs.

ClearConnect provides both the powerful underlying workflows and the multifaceted purpose-built API-enabled connectivity to ensure that data capture is consistently done correctly and thoroughly—providing all the analytics an organization needs from a particular connection. The solution creates certainty, security, and seamless connections by integrating all data from business systems and financial institutions, and is capable of combining connection types for uniquely complete data sets and data fidelity.

Specifically, ClearConnect creates value for treasury teams and the office of the CFO by delivering:

  • Secure connectivity across the financial value chain
  • Extensions to corporate treasury workflows
  • Access to specialist solutions within the integrated platform
  • Lower bank fee costs through seamless connectivity
  • Access to multiple innovative FinTech products and services

ClearConnect’s market-leading API catalog features over 80 API calls, augmented by host-to-host connectivity wherever needed to bolster capabilities. The solution enables robust functionality across a dozen categories, including payment approval rules, payment workflows, payments and templates, balances and transactions, general ledgers, deal management, bank accounts, bank account management, legal entities, forecasts, operators, and data extracts. ClearConnect’s flexible connectivity architecture uses best-in-class API-enabled connections to ensure fidelity and continuity of customers’ most vital data. Connectivity into Swift, Fides, and others provides a single source of truth and visibility into an organization’s cash and financial risk, and delivers transparent workflows for payments, bank file monitoring, and more.

GTreasury’s always-expanding partnerships with leading global financial institutions and market data partners ensure seamless bank and ERP connectivity, domestic and international transactions, and access to market insights. As client needs change, GTreasury’s active collaborations with product partners further ensure the creation and delivery of modernized products and services, securing ClearConnect’s place as a market-leading solution always aligned with customers’ current data requirements.

From risk management capabilities powered by Moody’s Analytics and KYOS, to market data provided by Refinitiv and Fenics MD, to banking, ERP, investments, and payments partners, ClearConnect now enables customers to wield the full power of the GTreasury ecosystem even more easily and completely.

“ClearConnect doesn’t just offer a significantly greater breadth of connectivity options than anything else available, it also underwrites those capabilities with foundational workflows for data integrity and ease of use,” said Pete Srejovic, Chief Technology Officer at GTreasury. “Investing in API technology only to realize that you are dropping crucial data is a nightmare that has come true for many CFOs and treasury teams. With today’s launch of ClearConnect, we’re proud to offer not only the largest and most powerful API connectivity solution on the market, but one that customers can entrust to deliver absolute data integrity along with the comprehensive and future-proof solutions of the GTreasury ecosystem.”


About GTreasury

GTreasury believes there is opportunity in complexity. We connect treasury and finance teams with industry-leading experts, technology solutions and untapped possibility. By simplifying complexity, teams can unleash their organization’s potential to gain strategic advantages and grow. GTreasury helps organizations reach that potential by connecting treasury and digital finance operations through a world-class SaaS treasury and risk management platform and integrated ecosystem where cash, debt, investments, and exposures are seamlessly managed within the office of the CFO. GTreasury delivers intelligent insights, while connecting financial value chains and extending workflows to third-party systems, exchanges, portals, and services. Headquartered in Chicago, with locations serving EMEA (London) and APAC (Sydney and Manila), GTreasury’s global community includes more than 800 customers and 30+ industries reaching 160+ countries worldwide. Visit

Recording Webinar | How successful master data management can help you secure financial processes?

12-07-2022 | treasuryXL | Nomentia | LinkedIn |

Recently, treasuryXL partnered with Nomentia on a live webinar on how successful master data management can help you secure financial processes.

Watch the recording of this session for free now by clicking on the image below!

In this webinar, we discussed how you can manage your Master data in a safe way, how you can prevent fraud and sanction risks through the management of this data, and the subsequent processes that make use of your master data. This ranges from the creation of counterparties in your ERP to the safeguard checks in your payment process and system.

More specifically, we will discussed the following topics:

  • Introduction to Master Data management
  • Managing the counterparty Master Data in your ERP
  • Trends that companies face related to Master Data
  • High-risk processes using your master data
  • Steps to create a safe and secure culture within your company
  • Setting up appropriate processes and systems to enable security

Watch the recording now!




TIS Coffee Talk

11-07-2022 | treasuryXL | TIS | LinkedIn |

Attend TIS’ coffee talk tomorrow with Joerg Wiemer and Nicolas Christiaen to learn more about how their innovative and cloud-based solution is addressing treasury’s contemporary concerns in the areas of forecasting and liquidity management.

Tuesday, July 12th, 4-5PM CEST

Cash Forecasting & Liquidity Management with TIS


Speakers: Jörg WiemerCSO & Co-Founder of TIS.  Nicolas ChristiaenFounder of Cashforce

Date: Tuesday, July 12th, 10-11am EDT / 4-5pm CEST

Session Outline: Today, cash reporting and forecasting functions are still being performed manually by a significant portion of treasury groups, which represents a major pain point for CFOs and business leaders when attempting to make strategic financial decisions. These manual workflows also limit treasury’s bandwidth to focus on other tasks and impact their ability to effectively manage liquidity and working capital. However, the new suite of capabilities developed by TIS and Cashforce (acquired by TIS in Q2 2022) eliminate many of these inefficiencies and ultimately enable companies to gain quick and accurate insights to their financial position based on reliable payments and liquidity data.

Key Discussion Points: In this session, Jörg and Nicolas will:

  1. Explore the treasury industry’s outstanding need for improved cash forecasting solutions and workflows.
  2. Examine the modern challenges of collecting and aggregating the right data together to conduct forecasts.
  3. Showcase how the accuracy and completeness of this data is paramount to the success of treasury’s overall forecasting strategies.
  4. Highlight how a “data-first” approach to forecasting generally results in more accurate and actionable insights.

To better understand how global liquidity management and cash forecasting workflows are being transformed through TIS’ revolutionary data aggregation, analytics, and advanced AI / ML capabilities, use the below link to register.

We can’t wait for you to join us! 


Vacancy | Senior Cash Manager – Luxembourg

08-07-2022 | Treasurer Search | treasuryXL | LinkedIn |

Treasurer Search has a new vacancy: Senior Cash Manager – Luxembourg. The ideal candidate for this position has a relevant degree, and has 5+ years experience in similar cash operations, preferably in a corporate, potentially in transaction banking or other financial services environments. He/she shows ownership and understanding that an operation in which delays and mistakes are not an option, is a strong communicator and client orientation and has the potential to claim a more prominent role.


Tasks Senior Cash Management

To accommodate the growth of the company, the European Cash Management team is expanding and looking for a Senior Cash Manager. You will be responsible for running the payment operations, the related cash administration and managing the complex & international banking infrastructure. You know and apply internal & external regulations and policies. For colleagues and clients you are the obvious expert and take the lead in projects and daily routines. Reporting and analysis are further important tasks, both to inform as well as to improve the organisation.

Ideal Senior Cash Manager

The ideal candidate for this position:

  • Has a relevant degree;
  • Has 5+ years experience in similar cash operations, preferably in a corporate, potentially in transaction banking or other financial services environments;
  • Shows ownership and understanding that an operation in which delays and mistakes are not an option;
  • Is a strong communicator and client orientation;
  • Has the potential to claim a more prominent role.

Our Client

Our client is part of a well-known finance conglomerate and services many entities in various countries in their legal, financial and treasury tasks. They oversee relations with dozens of global banks and hundreds of international bank accounts. The company culture can be described with words client oriented, hands-on, goal oriented and knowledgeable.

Remuneration and Process

The maximum expected base salary is €100K. For candidates who qualify and are interested, further information is available.

Did you know that you can update your profile online and apply easily for this vacancy via the button ‘apply’ below? Read more about practical aspects of applying in this blog. Some of our clients ask candidates to take the Treasurer Test



Contact person

Kim Vercoulen
T: +31 850 866 798
M: +31 6 2467 9339

marcus evans | 9th Annual Liquidity and Funding Risk Management | 14-16 September | New York

07-07-2022 | treasuryXL | marcus evans | LinkedIn |

We are proud to announce our media partnership with marcus evans for the 9th Annual Liquidity and Funding Risk Management conference taking place in New York, on September 14-16, 2022.

New York, USA

14 – 16 September, 2022 

Understand how to adapt to a new normal where regulatory demands, macroeconomic pressures and technological developments are posing a myriad of challenges to liquidity professionals

The landscape for liquidity has changed drastically over the last few months as a result of the changing rates and transition out of the pandemic. During the COVID-19 pandemic banks generated a lot of liquidity via retail and commercial deposits, and the government’s support and stimulus packages. The Basel III regulations, such as the LCR, helped banks to avoid the liquidity crunch leaving them in a good overall financial position. As we are now transitioning out of the pandemic, the biggest concern for banks is understanding how they are going to manage as spending is going up and people are not depositing money in the way they have been over the last two years. Banks need to model and forecast liquidity fluctuations so they can position their balance sheets in the best way.  They also need to make sure their operations stay as resilient as possible in the new post-COVID-19 environment.


The GFMI 9th Annual Liquidity and Funding Risk Management conference will offer case studies on the best strategies liquidity and funding professionals can use when adapting to the current volatile market. The best methods of handling the current regulatory environment will also be assessed, as well as the latest developments within intraday liquidity and data management. This conference will also discuss the challenging funding environment and the best current practices to optimize balance sheets. Furthermore, emerging concerns within liquidity and funding risk management, such as climate risk, ESG and cryptocurrency will be examined and evaluated.


Attending This Premier marcus evans Conference Will Enable You to:


  • Determine the best practices to adapt to the current volatile market and macro influences
  • Evaluate how to manage the current regulatory environment
  • Assess the latest developments of intraday liquidity and data management
  • Discuss the challenging funding environment and analyze how to optimize balance sheets
  • Examine the emerging concerns within liquidity and funding risk management


Best Practices and Case Studies from:


  • Yujush Saksena, Managing Director, Treasury Risk, Morgan Stanley BNY Mellon
  • Shahab Khan, Subject Matter Expert- Regulatory Capital and Liquidity, JP Morgan Chase
  • Bridgit Chayt, Head of Commercial Payments & Treasury Management, Fifth Third
  • Armel Romeo Kouassi, Senior Vice President – Head of Balance Sheet Modeling, Northern Trust Corporation
  • Michael Berkowitz, Managing Director, Treasury and Trade Solutions, Citi
  • Oresta Mehta, Managing Director, Markets Treasury. Global Treasury Climate Lead, HSBC


For more information and registration discounts please contact: Ms Ria Kiayia, Digital Media and PR Marketing Executive at [email protected] or visit:






Nicolas Christiaen on TIS’ acquisition of Cashforce

06-07-2022 | treasuryXL | TIS | CashForce | LinkedIn |

Would you like more insights into TIS’s acquisition of CashForce? Hear from Nicolas Christiaen, CEO and founder of Cashforce, as he describes the inherent synergies between the two companies and what may subsequently be accomplished as a result of the acquisition.

Watch the video below to hear from Nicolas



“Our best-of-breed solutions are very complementary to each other: Being that natural synergy”




Nicolas Christiaen, CEO and founder of Cashforce