Treasury Manager

About the Company

Luminarix Sdn Bhd is a newly established Payment Service Provider (PSP) in Malaysia focused on delivering secure, efficient and scalable digital payment solutions.

Purpose of the Role

Manage the company's liquidity, safeguarded funds, banking relationships, and financial risk so the PSP can settle with merchants and partners on time, stay compliant with Bank Negara Malaysia (BNM) requirements, and earn a sensible return on idle balances.

Core Responsibilities: (**Only Shortlisted Candidate Will Be Notified)

1. Liquidity and cash management

• Forecast daily, weekly, and monthly cash flows across settlement cycles (T+0, T+1, T+2), including float timing between collecting from payers and paying out to merchants

• Maintain adequate intraday and operating liquidity to cover settlement obligations, refunds, chargebacks, and peak-period spikes

• Manage cash positioning across bank accounts, currencies, and entities

• Set and monitor liquidity buffers and contingency funding lines

2. Client accounts and safeguarding of customer funds

• Oversee client accounts / segregated accounts holding customer and merchant funds, in line with BNM's requirements for e-money issuers and payment system operators (under the Financial Services Act 2013 and Islamic Financial Services Act 2013, and the Money Services Business Act where applicable)

• Perform daily reconciliation between the ledger, client accounts, and bank statements

• Ensure funds are held and invested only in permitted, low-risk instruments, and that e-money liabilities are always fully covered

• Prepare evidence for regulators and auditors on fund segregation

3. Settlement and payment operations

• Work with operations and finance on merchant settlement, payouts, and scheme/network settlement (e.g., PayNet/DuitNow, FPX, card schemes)

• Resolve settlement breaks, failed payments, and unreconciled items

• Create high-value payments with proper controls (maker-checker, dual authorization)

4. Banking relationships and infrastructure

• Manage relationships with settlement banks and sponsor/acquiring banks

• Negotiate fees, rates, credit facilities, and service levels

• Open, maintain, and close bank accounts; manage signatories and mandates

• Oversee bank connectivity (host-to-host, APIs, SWIFT) and its resilience

5. FX, cross-border treasury and settlements

• Manage FX exposure from cross-border payments and multi-currency settlement (MYR, USD, SGD, etc.)

• Set hedging policy and execute spot, forward, or swap transactions where needed

• Comply with Foreign Exchange Policy (FEP) notices on cross-border flows

• Manage end-to-end cross-border settlement: prefunding and funding of overseas partners and correspondent/nostro accounts, and timely settlement with international schemes, partner PSPs, and overseas banks

• Forecast and monitor cross-border settlement positions by currency and time zone, accounting for cut-off times, public holidays, and differing settlement cycles

• Resolve cross-border settlement breaks, failed or returned payments, and FX or fee discrepancies with partners and banks

• Ensure cross-border settlement flows meet FEP notices, AML/CFT controls, and sanctions screening requirements

6. Investment and yield management

• Invest surplus corporate funds according to an approved investment policy, balancing safety, liquidity, and return

• Monitor counterparty and concentration risk across banks and instruments

7. Risk, compliance, and controls

• Develop and maintain the treasury policy, delegated authority matrix, and counterparty limits

• Monitor liquidity, credit, market, and operational risks; report breaches

• Support AML/CFT controls on fund flows, working with compliance

• Meet BNM regulatory returns, capital and liquid asset requirements, and audit requests

• Support business continuity and disaster recovery for treasury operations

8. Reporting and planning

• Produce daily cash positions and management reports on liquidity, float, and yield

• Contribute to budgeting, funding plans, and fundraising or capital planning

• Support M&A, new product launches, and market expansion from a treasury perspective

9. People and systems

• Lead and develop treasury analysts/executives

• Select and improve treasury management systems, reconciliation tools, and automation (cash forecasting, bank reporting)

Requirements

Requirements:

• 7-10+ years in treasury, banking, or finance, with 3+ years in a managerial role

• Prior exposure to payments, fintech, e-money, or banking settlement strongly preferred

Education and credentials

• Degree in Finance, Accounting, Economics, or related field

• Professional qualification preferred: ACCA, MIA, CFA, MACT

Knowledge

• BNM regulations for payment systems and e-money, safeguarding rules, and FEP

• Payment rails and settlement flows in Malaysia (DuitNow, FPX, card schemes, e-wallets)

• Liquidity, FX, and counterparty risk management

• Proficiency with treasury systems, Excel/SQL, and reconciliation tools

Skills

• Strong analytical and cash-forecasting ability

• Negotiation with banks and partners

• Controls mindset and attention to detail

• Clear communication with finance, operations, compliance, and senior management