Treasury Analyst
- Cardiff
- £48,000-50,000 per year
- Permanent
- Full-time
Reports To: Head of Treasury OperationsAbout the OpportunityWe're working with a market-leading financial services provider that operates at scale across Europe, delivering innovative, cash cycle, and payment infrastructure. They are looking for a hands-on Treasury Operations Manager who combines technical strength in high-volume reconciliations with leadership maturity and operational clarity.This role is far more than processing settlements-it's about building a robust, auditable reconciliation framework that withstands scrutiny and drives confidence. You'll take charge of reconciling a complex network of inward and outward settlement flows across multiple EU countries and payment schemes, while spearheading efficiency initiatives, automation, and control enhancements.If you're energized by messy data, unapplied transactions, and the satisfaction of balancing millions to the penny-this is where you belong.The Role: Precision, Process & PerformanceAs Treasury Operations Manager, you'll be the strategic anchor of all things reconciliation-leading a team that ensures the financial heartbeat of the business stays strong, accurate, and in rhythm. The environment is high-volume, cross-border, and detail-critical. You will lead:Settlement & Reconciliation Ownership
- Oversee daily settlements across Visa, LINK, MCE, Discover and other schemes-ensuring real-time reconciliation and complete accuracy.
- Manage posting and reconciliation of inward settlement flows, scheme processing fees, and bank movements into Sage X3.
- Govern Blackline reconciliations and implement a risk-tiered approach to exception management.
- Maintain and enhance control account integrity across multiple legal entities and bank partners.
- Reconcile end-to-end activity: vault cash, cash in transit, losses, surpluses, and insurance recoveries.
- Track and account for NSA borrowing balances, cash interest, and the cost of cash across currencies.
- Post financial adjustments and automate recurring entries where feasible-building audit-ready documentation.
- Manage cash disputes across schemes with a proactive lens on reducing leakage and chargebacks.
- Monitor cash retractions, surplus investigations, and ensure timely, accurate billing for Merchant Replenished.
- Analyse recurring exceptions and identify root causes-transforming data into preventive controls.
- Own working capital visibility: reconcile actual cash positions with forecasts, budgeted flows, and bank data.
- Maintain bank mandates, payment controls, and access governance in line with internal policies and BACS rules.
- Support monthly, quarterly, and ad hoc treasury reporting cycles-with forecasting up to 6 months ahead.
- Lead and develop a team of operations specialists-providing coaching, clarity, and career development.
- Build KPI frameworks to measure reconciliation quality, SLA adherence, and financial control accuracy.
- Drive system and process automation: partner with Finance Change and IT on solution implementation.
- Champion a culture of continuous improvement, ownership, and audit-readiness.
- Zero unreconciled balances at month-end across key control accounts.
- Automated Blackline reconciliation framework aligned to SOX and audit requirements.
- Timely and accurate settlement postings with no downstream impact to P&L or liquidity.
- Streamlined reporting cycles (WD2-WD5) with no post-close corrections.
- High-performing team with clear ownership of processes and escalations.
- Qualified accountant (ACA, ACCA, CIMA or equivalent experience) with at least 5 years in treasury, reconciliations, or finance operations.
- Proven leadership in managing high-volume reconciliations across multi-entity or multi-country environments.
- Strong understanding of payment schemes, cash operations, and ERP systems-preferably Sage X3.
- Confident handling complex data sets, journal processes, and banking interfaces.
- Strong working knowledge of SOX, Blackline, and internal control frameworks.
- Process-oriented mindset with the ability to spot inefficiencies and drive scalable solutions.
- Hands-on manager who can roll up sleeves when needed but lead with vision and authority.