Head of Treasury

Job Title: Head of Treasury Location: Turkey Reporting To: General Manager, Turkey Company: CityPay.io About CityPay.io: CityPay.io is a leading crypto ecosystem in the CIS region, enabling seamless transactions and effortless conversion between crypto assets. Backed by strong industry players like Tether, we are dedicated to improving the financial landscape in Turkey with innovative tech solutions tailored for the market. Responsibilities: A. Cash & Liquidity Management - Manage the company’s cryptocurrency and fiat cash positions, ensuring optimal liquidity and risk-adjusted allocation across exchanges, wallets, and bank accounts. - Forecast short-term and long-term cash and crypto flows in coordination with operations, trading, and finance teams. - Execute crypto transactions—including transfers, swaps, and settlements—securely and in compliance with MASAK, SPK, and internal control policies. - Maintain strong relationships with exchanges, custodians, banks, and financial partners to optimize transaction efficiency, security, and cost. B. Crypto Risk Management & Hedging - Identify and assess risks related to crypto volatility, counterparty exposure, liquidity constraints, and operational vulnerabilities. - Design and implement hedging strategies using derivatives, stablecoins, or fiat instruments to mitigate market volatility. - Monitor market developments, ensure accurate accounting of crypto instruments, and maintain segregation of duties to reduce operational risk. - Collaborate with compliance and audit teams to ensure that all activities meet MASAK anti-money-laundering standards and SPK requirements. C. Treasury Operations & Security Controls - Oversee daily treasury operations, including wallet management, multisignature approvals, transfers, and reconciliations. - Ensure all treasury processes comply with internal controls, MASAK reporting obligations, and SPK audit requirements. Collaborate to maintain robust custody and transaction security protocols, including hot/cold wallet segregation and MFA. - Develop and maintain Standard Operating Procedures (SOPs) for all crypto treasury operations to ensure audit readiness and regulatory compliance. D. Financing & Capital Management - Support fundraising, staking, lending, and liquidity-provisioning initiatives in crypto markets, coordinating closely with legal and finance teams. - Manage debt or credit facilities in fiat or stablecoins, ensuring proper structuring, documentation, and compliance with MASAK/SPK standards. - Analyze the impact of market volatility, staking rewards, and interest rate changes on treasury performance, proposing optimizations where needed. E. Reporting & Compliance - Prepare accurate and timely treasury reports including balances, exposures, liquidity forecasts, performance summaries, and compliance metrics. - Ensure complete documentation of all transactions, wallets, and counterparties for audit traceability. - Coordinate with internal auditors, MASAK, SPK, and compliance teams to maintain full adherence to anti-money-laundering and financial regulations. F. Continuous Improvement & Treasury Technology - Evaluate and implement treasury tools, wallet systems, blockchain analytics platforms, and smart contract-based solutions for automation and enhanced risk monitoring. - Follow market trends, regulatory developments, and best practices—sharing insights to improve treasury efficiency and compliance posture. - Promote automation and process improvement while maintaining strict control and security over digital and fiat assets. Qualifications: 1. Technical & Functional Competencies - Advanced knowledge of cryptocurrency market dynamics, exchange structures, on-chain/off-chain transfers, and wallet infrastructures. - Expertise in stablecoin management, OTC transactions, market maker relations, and corporate wallet security (MPC, multisig). - Strong understanding of currency fluctuations, interest rate risk, liquidity risk, and counterparty risk management. - Familiarity with Treasury Management Systems (TMS), fiat payment networks, crypto custody services, and exchange API integrations. - Experience developing internal control mechanisms, compliance processes (KYC/AML), financial reporting, and audit procedures. - Deep knowledge of MASAK (Anti-Money Laundering Regulations in Türkiye) and SPK (Capital Markets Board) rules relevant to crypto operations. Personal Competencies - Strong analytical and problem-solving skills. Ability to make strategic, data-driven decisions in a fast-moving environment. - Excellent communication skills for effective collaboration with investors, executives, and technical teams. - High awareness of security, operational integrity, and regulatory frameworks. - Ability to work under pressure and manage crisis situations effectively. What We Offer - Competitive salary. - Hybrid work environment with flexibility. - Professional development opportunities and access to global fintech and blockchain networks. - Team-building activities and a collaborative work cultur