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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