Manager Treasury Operations

VEON is a Nasdaq-listed global digital operator that serves more than 150 million customers with connectivity and about 120 million monthly active users with digital services in some of the world’s most exciting frontier markets. Operating across 5 countries that are home to nearly 520 million people, in other words more than 6% of the world’s population, VEON transforms lives through technology-driven services that empower individuals and drive economic growth.

With VEON’s Digital Operator 1440 vision and strategy, VEON Group companies redefine the engagement that telecom operators have with their customers, providing the best digital experience to customers up to 1440 minutes in a day. We transform not only the daily experience of the final users, but also support the growth of enterprises and industries as a whole, using cutting-edge technologies in AI, big-data and cloud services to serve our business customers.

This is all underpinned by a commitment to sustainability, ensuring VEON’s operations are run safely and ethically while fostering digital entrepreneurship and greater digital skills and literacy in the communities in which VEON operates. VEON’s values-based approach works to strengthen trust by building a responsible and sustainable business that benefits customers, employees, communities, and shareholders.

VEON’s international leadership team is drawn from experienced executives from around the world and has been led by CEO Kaan Terzioğlu since July 2021.

VEON Group Treasury (HQ) is centralized in organization, coordination and operations supported by local OpCo Treasury teams at country level performing local domestic treasury operations under Group Treasury Policies.

The operations of VEON Treasury are centralized for global transactions and supporting Group Treasury strategy fixed by HQ Treasury. The team manage the transactional operations supporting the significant levels of debt and cash at both VEON HQ and its subsidiaries.

The HQ treasury function is critical to manage sufficient liquidity, debt facilities and investments and risk management strategies related to all financial activities supporting the achievement of VEON business objectives.

The Manager, Treasury Operations is responsible for overseeing HQ Treasury daily operations, ensuring accuracy and compliance in cash, liquidity and financing activities. This role supports the Director Treasury Operations in driving projects, enforcing policies, and strengthening Treasury controls and processes.

Key Responsibilities

• Liquidity & Cash Management
• Oversee and review daily cash and liquidity at HQ level, ensuring sufficient funding across entities.
• Approve or validate manual payment processes before execution.
• Oversee and coordinate execution of money market deposits, term deposits and forex trades.
• Support efficient payment processes, funding requirements, and repatriation actions.
• Treasury Systems & Controls
• Ensure accuracy and integrity of the Treasury Management System (TMS – currently TM5); oversee timely and correct recording of all HQ Treasury transactions.
• Maintain an efficient bank account structure, including opening/closing of bank accounts and central database updates.
• Enforce compliance with Treasury policies and procedures; perform regular reviews to strengthen SOX controls.
• Financing & Risk Management
• Coordinate and support execution of external interest and principal repayments, liaising with banks.
• Assist in financing transactions – including third-party and intercompany loan documentation.
• Contribute to liquidity and risk management strategies, providing insights to the Director Treasury Operations.
• Stakeholder Engagement
• Act as first point of contact for OpCo Treasuries to ensure adherence to Group Treasury policies and facilitate HQ approvals.
• Maintain strong relationships with banking partners and escalate issues when required.
• Collaborate with other HQ functions to resolve treasury-related matters.
• Reporting
• Review daily and monthly cash reports prepared by Analysts, ensuring accuracy and reliability.
• Provide ad-hoc analysis of financial and non-financial data to support decision-making.
• Projects
• Provide support to projects leading to intercompany positions, cash upstreaming, or hedging activities.
• Lead process improvement initiatives within the Treasury Global Operating Model and support quarterly Bank Account Controls Reviews.
• Administration
• Oversee the Treasury budget process, ensuring accurate invoice payments and cost tracking.
  
  

Critical Skills & Experience

• Experience in a large multinational company.
• Strong desire to apply quantitative and analytical skills to develop deep understanding of financial markets and treasury activities.
• Proven expertise in managing front office treasury activities/instruments, tasks, SOX controls and business processes.
• Ability to translate experience and analytical skills into practical business solutions.
• Autonomous with proactive attitude and strong team spirit.
• Education and Experience
• Bachelor’s degree in Economics, Finance, Accounting and/or Treasury.
• 5 years of relevant working experience in corporate treasury or banking, preferably within an international business environment.
• Experience with Treasury Management Systems, knowledge of ERP and Bloomberg Terminal.
• Solid written and verbal communication skills in English, with the ability to explain complex issues clearly to senior stakeholders.
  
  

More About Us

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Do you want to be part of a team that serves over 150 million customers across 5 dynamic markets? Do you want to pioneer new experiences for hundreds of millions in emerging economies? Do you feel at home working in a truly diverse and inclusive environment? We are VEON, a global digital operator and we scale new heights never thought possible.

Our DE&I Vision Is

Creating an Inclusive World for All – Inside and Beyond VEON

We aspire to create an Inclusive world for all by providing Equal voice and representation, driving growth with diverse and inclusive teams, that create products that serve Diverse needs of our customers across all dimensions of life from connectivity to digital financial inclusion, education, health and entertainment, and creating value for our people, our partners, and communities.

We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.

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