Head of Global Cash Management

Role Overview 

 Global Cash Management is a pillar of the Treasury function responsible for leading all cash management operations mitigating its operational, financial and reputational risk. This role will maintain critical relationships with our banking partners supervising continuous analysis and development of the cash management platform, financial payments, cash concentration, financial transaction settlement and bank account reconciliations. Key internal partners outside of the Treasury department include the technology, accounting, collections & AP and payroll departments and business units.  

Division Overview 

The finance function is organized around the key pillars of Treasury, Tax, Accounting, Financial Planning & Analysis, Corporate Development and Investor Relations. The Head of Global Cash Management will partner with key collaborators including the technology, accounting, collections & AP and payroll departments. 

Key responsibilities 

• Lead and manage a group of ~7 cash management professionals across two locations (Vilnius and St John’s) 

• Provide strategic direction to the team and ensure high performance and professional and career development.  

• Manage global cash management bank relationships and ensure we receive the highest level of customer service 

• Oversee the structural cash management function to ensure Nasdaq maintains optimal and cost-effective banking structures to effectively manage and protect financial resources. 

• Oversee the operational cash management function to ensure timely matching, settlement and reconciliation for financial transactions entered across the world.  

• Oversee bank account management (opening, closing, officer/signor changes, database, documents storage) 

• Serve as the primary point of contact for stakeholders, including AP, AR, Financial controllers, audit and global banking partners.  

• Responsible for maintaining a robust internal control environment including SOX controls and support for internal external audit reviews.  

• Identify and implement technology solutions and automations to ensure cost effective and highly efficient cash management operations 

• Identify and implement process improvements to increase efficiency and accuracy in cash management operations.  

• Own the key metrics to measure cash management activity to drive continuous improvement 

• Responsible monthly closing process and ensuring that accounting entries for financial transactions are accurately and timely recorded in the GL 

• Work in partnership with Global Liquidity team to manage cash balances to ensure appropriate working capital alignment 

• Initiate, lead and partner on various initiatives that impact global cash management 

About you: 

We are looking for a candidate with skills that complements our existing very hardworking team and has a passion for learning and growing with the team their professional proficiencies and knowledge. We deeply care about the high quality of our deliverables and value each team member’s contribution to the team’s continued success.  For you to be successful in this role, you need to have: 

• Bachelor or Master’s degree in Finance, Accounting or Business Administration. A relevant postgraduate qualification or professional certification is a plus (i.e CFA, CPA) 

• Proven experience in leading a multi-location team and strong people management skills 

• 10+ years of relevant working experience in cash management from a multinational corporate treasury, a bank, a credit institution, a fund management company or similar. 

• Demonstrated ability to lead and drive projects and cash management initiatives 

• Experience working in a global or multi-regional context.  

• Extensive experience working with a Treasury Management System 

• Proficient in Microsoft office software 

• Excellent communication and presentation skills and experience presenting to executive leadership such as the CFO  

• Excellent language skills in written and spoken English 

In order to thrive in this role, we believe that you are highly analytical with an eye for detail, have the ability to interpret and analyze complex data, and translate this into meaningful information to assist in decision-making. It is also important that you are able to build trust and communicate effectively with internal and external stakeholders. 

It would be great if you have:  

• Experience working with market data, trading platforms and treasury management systems (Calypso, Quantum, Bloomberg and similar) 

• Previous experience working with BI tools (PowerBI and similar) 

• Experience with robotics processing automation, machine learning, or AI tools 

 What happens now?

This is a full-time permanent position located in Vilnius. Nasdaq offers a hybrid workplace to find a balance between working from home and collaborating in the office, therefore it's required to come into the office at least 2 days per week.

If you think you would thrive in this role, then we would love to hear from you! Follow the link to apply in English. As the selection process is ongoing, we might close the position earlier than the last application day. You must be eligible to work in the EU.

Monthly salary (Gross):  5000 EUR – 5600 EUR, other bonuses apply.

About Nasdaq Vilnius:

Our Vilnius office is in the modern K29 business center, easily accessed via bus, but we also offer bike storage. Our working space offers an appealing, ergonomic environment, kitchen spaces, and an in-house library. The building hosts a canteen and vending machine as well as restaurants and shops within walking distance.

Nasdaq Vilnius offers our employees a strong compensation package that includes an annual bonus, equity grant, and access to an employee stock purchase program. Employees receive 20 days of annual vacation (plus 1 additional flex day every two months), III pillar pension plan with additional contribution from Nasdaq, a flexible health insurance program, career development programs, and more.