Group Treasurer

Flutterwave was founded on the principle that every African must be able to participate and thrive in the global economy. To achieve this objective, we have built a trusted payment infrastructure that allows consumers and businesses — African and international — to make and receive payments in a convenient, borderless manner. 

THE OPPORTUNITY

Flutterwave is on a path to profitability, and the Group Treasurer is the architect of that journey. This is a systems-first, infrastructure-building role at the heart of our global FX and Remittance engine. Where the front office sources the fuel, the Group Treasurer builds the engine — designing the netting infrastructure, margin protection frameworks, and real-time data architecture that turn high FX volume into durable, high-margin revenue. In 2025, a focused middle-office effort helped increase Group FX margins from approximately 1% to 40%. The Group Treasurer will consolidate and extend that foundation: deploying a global Treasury Management System (TMS), building automated FX blotters, eliminating hidden margin leaks, and providing the CFO and Board with an accurate, real-time view of Flutterwave's global liquidity and FX exposure every single day.

KEY RESPONSIBILITIES

Treasury Systems & Infrastructure

Lead the global deployment and optimisation of Flutterwave's Treasury Management System (TMS — Kyriba or equivalent), integrating all feasible bank feeds to achieve real-time visibility across every corridor and entity.

Build and maintain automated FX Blotters and a daily FX Sub-Ledger that delivers a three-way reconciled view (Blotter vs. Bank vs. ERP) to the Finance team by 10:00 AM WAT, every business day.

Develop a real-time "Cash in Transit" dashboard, creating a clear asset vs. liability bridge for operational planning and liquidity management.

Drive the treasury function from a manual, spreadsheet-based model to a fully automated, audit-ready architecture — reducing human error, improving close times, and providing the data quality that Finance and Operations require to make fast decisions.

Netting, Internalization & Margin Optimization

Design and operate a global Netting Engine that matches internal FX flows (NGN, KES, EGP, USD, GBP, and other key pairs), reducing Flutterwave's reliance on external Liquidity Providers (LPs) and capturing "Netting Alpha."

Drive internalization rates above 80% across the top 10 currency pairs as an initial target, with a stretch goal of 90%+ — directly lowering LP spread costs and improving Group margin.

Audit and eliminate hidden margin leaks, including third-party partner fees (e.g., Nuvei, Kublox) and cross-corridor subsidies, to ensure that no remittance corridor operates at a negative or unintended margin.

Develop an "Inventory Skew" pricing engine (Level 3 Pricing) that dynamically adjusts rates based on real-time inventory positions, generating measurable incremental margin from FX asymmetry.

Optimise the yield on idle corporate cash pools, targeting returns that outperform overnight benchmark rates by a minimum of 50 basis points.

Risk Management & Compliance

Establish and maintain Flutterwave's Global Liquidity & Settlement Policy, defining formal settlement gap limits, pre-funding thresholds, and NOP controls for every corridor.

Ensure that the Group's Net Open Position (NOP) remains within Board-approved risk limits on 99%+ of trading days, with automated alerts for any potential breach.

Develop and maintain robust FX revaluation and mark-to-market processes, targeting zero material audit adjustments on NOP balances and FX sub-ledger positions.

Support the implementation of interest rate risk and counterparty credit risk frameworks in collaboration with the CFO and Group Risk function.

Ensure full compliance with relevant regulatory requirements across all jurisdictions in which Flutterwave operates, including reporting obligations related to FX positions and cross-border settlements.

Data Architecture & Reporting

Serve as the primary provider of treasury data to the Finance team (Moronke) and Operations function (Lucia), ensuring that liquidity forecasts, corridor-level P&L, and NOP reports are accurate, timely, and actionable.

Achieve a forecast accuracy variance below 15% between Treasury's projected liquidity needs and actual cash usage, with a stretch target below 5%.

Design and maintain the FX revenue recognition framework, ensuring the Group has an accurate, corridor-level view of FX revenue, spread income, and net margin at all times.

Build the internal reporting infrastructure that allows the CFO and Executive team to monitor treasury performance without manual intervention — dashboards, exception reports, and scenario modelling tools.

Strategic Leadership & Collaboration

Partner with the Head of FX Sales & Bank Treasurer to translate front-office deal flow into accurate pricing inputs providing the "logic layer" that tells the sales lead exactly how aggressively they can price while maintaining target margins.

Work closely with the Expansion and Product teams to support new corridor launches, banking partnership agreements, and treasury product development.

Present to the CFO, Board, and Audit Committee on treasury performance, risk exposures, system build-out progress, and margin optimisation outcomes.

Build and develop a high-performing treasury team, establishing clear roles, processes, and career pathways as the function scales.

QUALIFICATIONS & EXPERIENCE

Required

Minimum 12 years of experience in institutional treasury, fintech treasury architecture, or a closely related discipline, with clear evidence of systems-building and margin optimisation outcomes.

Demonstrable experience deploying or operating a Treasury Management System (Kyriba, FIS, or equivalent) in a multi-currency, multi-entity environment.

Deep technical expertise in FX accounting, automated blotter construction, Net Open Position management, and FX sub-ledger reconciliation.

A quantitative, data-driven mindset — comfortable working with raw transaction data, building financial models, and deriving unit economics from imperfect datasets.

Strong understanding of emerging market FX dynamics, remittance corridor economics, and global payment infrastructure.

Experience in developing and enforcing treasury policy frameworks, including liquidity management, settlement controls, and regulatory compliance.

Excellent communication skills, with the ability to translate complex treasury data into clear insights for non-treasury audiences including the CFO, Board, and Operations leadership.

Bachelor's degree in Finance, Mathematics, Economics, or a related field required; Master's degree or professional certifications (e.g., CFA, FRM, CTP, ACT) strongly preferred.

Preferred

Prior experience at a high-growth African fintech or international payments business with significant emerging market FX exposure.

Familiarity with netting engine architecture, LP management, and dynamic FX pricing models.

Experience with SQL and data visualisation tools (e.g., Tableau, Power BI, Looker) to supplement TMS-based reporting.

Understanding of crypto and DeFi workflow platforms as they relate to cross-border treasury management

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