Treasury Manager

Treasury Manager, Core42 – Abu Dhabi, UAEAbout UsCore42, a leader in AI-powered cloud and digital infrastructure, is driving transformative technology solutions globally. Leveraging advanced resources and partnerships, Core42 empowers clients to harness sovereign AI infrastructure, especially in sectors with stringent regulatory needs. With a mission to redefine digital transformation, we combine sovereign capabilities with scalable, high-performance compute infrastructure, positioning ourselves at the forefront of AI innovation in the Middle East and beyond.The OpportunityThe Treasury Manager is responsible for managing Core42’s day-to-day treasury operations, liquidity, banking relationships, cash forecasting, payment controls and treasury risk management.The role provides leadership and oversight across Core42’s treasury activities, ensuring the business maintains appropriate liquidity, optimises cash resources, operates robust banking and payment controls, and has appropriate visibility over financial risks.Working closely with Finance leadership, Accounts Payable, Accounts Receivable, FP&A, Tax, Legal and business stakeholders, the Treasury Manager will ensure funds are available where and when they are needed while maintaining strong governance, control and operational resilience.The role will also drive the continuous improvement and automation of treasury processes, strengthen banking partnerships, and support Core42’s growth across a complex, multi-entity environment.Your Key ResponsibilitiesCash & Liquidity ManagementOwn and oversee the daily cash position across Core42’s bank accounts and legal entities, ensuring appropriate liquidity is maintained.Lead the preparation and review of short-, medium- and long-term cash flow forecasts, analysing variances between forecast and actual results and providing clear insights to Finance leadership.Develop and maintain appropriate liquidity management frameworks, funding plans and cash buffers.Oversee funding, cash sweeping, inter-company transfers and other liquidity movements in line with approved policies and authority limits.Identify opportunities to optimise cash utilisation, working capital and liquidity across the Group.Provide treasury input into business planning, budgeting and strategic initiatives with significant cash or funding implications.Banking & Treasury OperationsOwn the Group’s banking portfolio, including bank account structures, mandates, signatories, access rights and banking documentation.Lead relationships with banking partners, ensuring appropriate service levels, pricing, connectivity and support.Oversee payment execution, banking operations and settlement activities, ensuring transactions are processed securely, accurately and within agreed timelines.Maintain effective bank connectivity and integration with the ERP and treasury systems, working with Finance, Technology and banking partners to resolve issues.Review and optimise banking structures and services as Core42’s business and geographical footprint evolves.Treasury Risk, Controls & GovernanceEstablish, maintain and continuously improve treasury policies, procedures, controls and operating frameworks.Ensure robust payment security, segregation of duties, approval controls and fraud-prevention measures are embedded across treasury operations.Monitor and manage key treasury risks, including liquidity, counterparty, banking, foreign exchange and interest rate exposures, where applicable.Ensure treasury activities comply with internal policies, delegated authorities, regulatory requirements and applicable accounting standards.Lead treasury control reviews and coordinate remediation of identified control gaps.Support internal and external audits by providing treasury reconciliations, confirmations, documentation and evidence of controls.Treasury Reporting & AnalysisDeliver accurate and timely treasury reporting to Finance leadership, including cash, liquidity, debt, investments, banking fees and key treasury exposures.Develop and enhance treasury dashboards and management information to provide clear visibility of liquidity and treasury performance.Analyse banking fees, cash utilisation, working capital trends and other treasury metrics, identifying opportunities for improvement.Support debt, investment and funding activities through documentation, execution and settlement tracking.Provide financial analysis and recommendations to Finance leadership on treasury-related matters.Treasury Systems & Continuous ImprovementLead the implementation and enhancement of treasury systems, tools and processes, including automation of cash positioning, forecasting, reconciliation and reporting.Identify opportunities to improve treasury efficiency, controls, scalability and straight-through processing.Partner with Finance Technology and ERP teams to enhance treasury and banking integrations.Drive standardisation of treasury processes across entities and business units.Maintain appropriate treasury documentation, process maps and operating procedures.Stakeholder & Team LeadershipBuild strong working relationships with Finance leadership, FP&A, Accounts Payable, Accounts Receivable, Tax, Accounting, Legal, Procurement and other business stakeholders.Act as a key treasury advisor to the business, providing guidance on liquidity, banking, payments, funding and financial risk matters.Lead and develop treasury team members, establishing clear objectives, responsibilities and performance expectations.Promote a culture of ownership, control discipline, collaboration and continuous improvement within the treasury function.Support the development of treasury capabilities, succession planning and knowledge sharing across the team.What We’re Looking ForRequired Skills / Qualifications9+ years of progressive experience in corporate treasury, banking, cash management or a related corporate finance function, with demonstrated experience operating at a managerial level.Bachelor’s degree in Finance, Accounting, Economics or a related discipline.Proven experience managing daily liquidity, cash forecasting and treasury operations across multiple bank accounts and legal entities.Strong experience managing banking relationships, payment processes, bank account structures and banking platforms.Demonstrated experience designing and maintaining treasury controls, payment security frameworks and segregation of duties.Strong understanding of corporate treasury principles, including liquidity management, cash forecasting, working capital and financial risk management.Experience with debt, investments, foreign exchange or other treasury products is highly desirable.Advanced Excel skills and strong experience with ERP systems such as SAP, Oracle or Microsoft Dynamics.Experience implementing or improving treasury processes, systems, automation or banking integrations.Strong analytical and problem-solving skills, with the ability to translate complex financial information into clear recommendations.Strong stakeholder management and communication skills, with the ability to influence and collaborate effectively across Finance and the wider business.Demonstrated leadership capability and experience managing, mentoring or developing team members.Preferred Skills / QualificationsProfessional qualification such as ACT, CTP, CFA, CIMA, ACCA or equivalent.Experience with a Treasury Management System (TMS).Experience in a multi-entity, multinational or regional group structure.Experience within the UAE or wider GCC.Experience managing treasury transformation, automation or ERP implementation projects.Exposure to sovereign, technology, infrastructure, AI, cloud or other high-growth business environments is advantageous.Core CompetenciesStrategic Treasury & Liquidity ManagementFinancial Risk & ControlBanking & Relationship ManagementCash Forecasting & Financial AnalysisGovernance & Operational ExcellenceProcess Automation & Continuous ImprovementLeadership & Team DevelopmentStakeholder Management & InfluenceOwnership, Accountability & Sound JudgementWhat Working at Core42 OffersWith a diverse team of 1,100+ employees from 68 nationalities, we foster an inclusive, innovative and collaborative environment. At Core42, we foster a culture grounded in trust, accountability and high performance.We are united by our values: Grit, where we overcome challenges with resilience and determination; Passion, which drives us to pursue excellence in everything we do; and Impact, as we aim to inspire progress and create meaningful change.Our team members thrive in an environment where each person’s contribution propels us forward, and together, we commit to achieving extraordinary results.Our BenefitsCompetitive Salary: An attractive salary package based on your skills and experience.Yearly Bonus: A performance-based annual bonus in recognition of your contributions.Exclusive Discount Cards: Access special benefits through Esaad and Fazaa cards, offering discounts across a wide range of services.Premium Family Insurance: Comprehensive health coverage, including dental, vision and life insurance, supporting the well-being of you and your family.Learning & Development: Access to leading learning platforms and premium courses to support your professional and career development.