Treasury Manager

Core
42, a leader in AI-powered cloud and digital infrastructure, is driving transformative technology solutions globally. Leveraging advanced resources and partnerships, Core
42 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 Treasury Manager is responsible for managing Core
42’s day-to-day treasury operations, liquidity, banking relationships, cash forecasting, payment controls and treasury risk management.

The role provides leadership and oversight across Core
42’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 Core
42’s growth across a complex, multi-entity environment.

• Own and oversee the daily cash position across Core
  42’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.

• Own 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 Core
  42’s business and geographical footprint evolves.

• Establish, 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, counter party, 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…