Manager, Cash/Liquidity Management (Global payments)

Job Description

Hi. We’re OFX, a global provider of online, international payment services. We solve the complexity of moving money and enable better decisions. Headquartered in Sydney with offices worldwide, we’re a customer-focused business that is all about inspiring customer confidence.

At OFX, you’ll have the opportunity to reach beyond your role and function across disciplines. Make use of your diverse skill set at a business that values your expertise and turn your potential into reality.

Purpose of your role

As a Manager, Cash Management you will be responsible for overseeing a global Cash Management team, working in conjunction with the Global Head of Banking and Payments and the COO Leadership Team. As this will be a new team within OFX, currently comprising of two people, you will be responsible for ensuring there are clearly defined goals for the team globally and that the right structure, processes and reporting are in place.

There will also be a key focus on establishing an operating model for cash management to support the ongoing migration of existing OFX clients onto the SaaS / New Client Platform (NCP), ensuring all regulatory requirements continue to be met, funds movements are completed in a timely and accurate manner and no significant delays are experienced by clients due to funding shortages.

You will also be responsible for defining the go forward strategy for Cash Management globally to ensure OFX is well positioned to meet the changing environment in which we operate, including changes to regulatory environments, Safeguarding, collateral management and maximization of interest earnings.

What you do 

• Define and prioritise the objectives of the Cash Management function to align with organisational goals.
• Collaborate with key stakeholders across the organisation to implement new processes that meet business needs while adhering to legal and regulatory requirements across various jurisdictions.
• Develop and maintain procedures to support both OFX 1.0 (legacy) and 2.0 (NCP) platforms, ensuring compliance and adequate funding to prevent delays in client payment execution.
• Enhance reporting capabilities within the cash management program, focusing on seasonal and event-driven safeguarding trends and cash cycle management.
• Partner with the Treasury team to create funding and modeling reports that facilitate efficient cash management in response to evolving client practices in the 2.0 environment.
• Collaborate with stakeholders to establish processes and reporting systems that enable multiple liquidity runs globally within the same business day.
• Work closely with the Group Head Office and, when necessary, the COO to ensure business needs are met and any deviations from plans are promptly escalated.
• Implement risk management strategies to identify and mitigate potential challenges within cash management operations.
• Stay informed about industry trends and best practices in cash management to drive continuous improvement.
• Conduct regular cross-jurisdictional meetings to foster effective communication and collaboration among teams in different regions.
• Set key performance indicators (KPIs) for direct reports and hold regular meetings to discuss their progress and address any challenges.
• Provide ongoing mentorship and practical support to all members of the Cash Management team, fostering their professional growth and development.
• Promote a culture of accountability and transparency within the team, encouraging open dialogue and feedback.

Qualifications

What you bring

• Minimum of 5-7 years in an FX-related role, with a strong emphasis on Cash Management and/or Liquidity Management.
• Comprehensive understanding of foreign exchange markets, including terms and pricing calculations.
• Intermediate to advanced proficiency in Microsoft Excel, with the ability to leverage these tools for reporting and analysis.
• Exceptional attention to detail with a high work rate and minimal error count.
• Strong ability to multitask, prioritize effectively, and manage deadlines efficiently.
• Familiarity with regulatory requirements in foreign exchange and liquidity management.
• Commitment to continuous professional development and staying current with industry trends.
• Ability to adapt to changing market conditions and business needs, having a high tolerance to a fast-paced environment where shifting priorities can present from time to time.
• Outstanding communication and relationship-building abilities, facilitating effective collaboration with stakeholders.
• Proven experience in managing teams and fostering a collaborative work environment.
• Track record of building and developing high-performing teams that achieve business objectives.
• Enthusiastic and motivated approach to work, demonstrating initiative and a results-oriented mindset.

Additional Information

What it's like working at OFX

We’re OFXers because we want to make a difference. We see challenges as opportunities and we’re not afraid to roll up our sleeves to get stuff done. We’re committed to making things easier for our clients, pushing boundaries and continuing to move with the times so that we can continue to inspire confidence every day and through every transaction.

We operate as one team, cross-functionally and globally, to drive outcomes that deliver excellence for our customers. We're curious self-starters who love learning and sharing our knowledge with others. We embrace change and use our initiative and resilience to overcome challenges.

• Always keep learning. We offer a wide range of learning and career development opportunities to help every OFXer build their capacity and career, with leadership training, secondments, internal mobility and access to a large library of online learning.
• Make a difference. Through our Make a Difference program, we encourage OFXers to give back to causes and communities that are important to them. We celebrate this with an annual volunteer day, which OFXers can use together or individually, as well as matched giving and the opportunity to nominate charity of choice every quarter.
• Reward and recognition. We recognise a job well done. OFXers are encouraged to celebrate their peers’ effort, technical expertise or support through a range of global and regional channels and awards, including quarterly and annual awards, milestones and shout outs.
• Showing our social side. Our Good Vibes employee-led committees around the globe organize events to help keep our employees engaged inside and outside the office. Whether it’s a wellbeing activity, end of year celebration, or a monthly team get-together, our team wants you to feel welcome!
• Benefits that mean something. We offer a range of fantastic benefits, including health insurance, primary and secondary gender neutral carer parental leave (16 weeks) or birthday leave, you'll feel well-supported at OFX.
• A great work environment. Enjoy work-life balance and flexibility with our hybrid work model, in an inclusive, diverse and non-hierarchal culture.

At OFX, we are committed to fostering a diverse, inclusive and accessible workplace where we value, respect, and encourage our people to be their authentic selves. With an employee base as diverse as the clients we serve, we know that fostering an inclusive workplace is fundamental to our continued success. If you require accommodation for any portion of the recruitment and hiring process, please email us at [email protected].
We encourage you to apply if this role aligns with your career aspirations.