Andrea Chovanec

With over 15 years of experience mainly in the FinTech sector, I possess a comprehensive understanding of payment processing and automation, encompassing domestic (BACS), SEPA, and international transactions. My expertise extends to cash management and the implementation of treasury management systems (TMS). Possessing a unique blend of experience across front, middle, and back-office functions within the treasury domain, I offer a comprehensive understanding of treasury operations.

My capabilities extend beyond administrative duties to encompass hands-on transaction processing (inputting and approving) within bank portals and treasury management systems (TMS). Furthermore, I am skilled in user setup, static data maintenance, and payment automation. In fast-paced, international companies, I have consistently demonstrated my ability to support, coach, and manage teams effectively.

My self-motivation, proactive approach, and strong organizational and time management skills have enabled me to make significant contributions.

Banking and Treasury Manager - BOKU

(2025-03)

• BANKING GOVERNANCE AND CONTROLS
• Introduced Group Banking Governance Policy and quarterly reviews to align with pre-assigned list of signatories on mandates
• Implemented banking infrastructure across the Group
• Introduced periodic reviews on account opening, closure, signatories on mandates, user access management on banking portals, safeguarding governance review and rationalization of bank accounts
• Introduced and evolving banking processes and procedures
• Being main relationship for external audit for banking controls and cash
• BAU
• Maintaining master bank account list
• Managing banking relationships
• Performing periodic KYC, signatories’ updates and closure of dormant accounts
• Reduced trapped cash within the Group
• Coordinating with CoSec, Legal, Regulatory, Compliance, Treasury and FX teams
• MARKET LAUNCHES AND ONBOARDING
• Assessing emerging markets
• Enabling end-to-end cross border payments
• Onboarding new bank and liquidity partners / FX providers
• Enabling new banking and liquidity partners for operational use
• Setting up static data in TMS, and coordinating across the Group for use
• Assigning a proper access to teams to align with segregation of duties

Senior Manager, Treasury Ops - WORLDREMIT / ZEPZ

(2024-06 - 2025-02)

• Invested in the development of direct reports and colleagues through mentorship and guidance
• Delivered automation and process improvements
• Lead the team in tackling complex problems, ensuring root cause analysis is performed when appropriate
• Oversaw the processing of a large and complex volume of daily payments (250+) via Kyriba and other banking systems
• Streamlined payments through Kyriba automation
• Launched new banks and establish funds flow for new corridors in emerging markets
• Drove launching onboarded banking partnerships and enabling fund flows in emerging markets
• Managed the FX settlement process from initiation to completion
• Resolved unsettled transactions through investigation and escalation
• Supported external audit and internal reconciliation requests on cash
• Ensured adherence to regulatory requirements in all payment processing
• Built collaborative relationships with internal Funding, FX, Cash Management, and Reconciliation teams, and external banking, liquidity providers, and payout partners

Senior Banking Operations Manager - WORLDREMIT / ZEPZ

(2022-10 - 2024-06)

• The management of the end-to-end processes of both opening and closing of bank accounts
• Periodically reviewed KYC of banking partners
• Overseen regular signatories’ updates
• Managed closure of bank accounts and legal entities from the treasury side of the business
• Maintained existing banking relationships
• Reviewed annually safeguarding requirements to comply with FCA and NBB
• Assisted with periodic regulatory reviews, internal and external audit
• PROJECTS AND PROCESSES
• Implemented account opening and closing processes and introduced internal controls
• Implemented annual safeguarding bank account processes, reviews and controls that is used for regulatory and audit purposes
• Developed the master bank account list consists of over 350 bank accounts and confirmed accuracy externally with banking partners as source of truth
• Implemented Cygnetise as a storage of all bank signatories across the Group
• Assisted with banks’ reporting project with Kyriba
• Created the FX settlement tracker for XOF

Treasury Manager - PPS

(2021-12 - 2022-10)

• Day-to day management and approval of safeguarded model to comply with FCA for safeguarded cash of PPS customers
• Met tight deadlines of mandatory requirements to pay MasterCard advisements on daily basis
• Invested safeguarded cash in weekly TBills auction
• Administered and assigned bank portal access and permissions to the team for various banks
• Maintained ongoing banks’ KYC and updated bank mandates
• Managed the process of cost and interest sharing with customers
• Produced treasury reports monthly for the Group
• Delivered CFF for the Group
• PROJECTS and PROCESSES:
• Implemented DD MT101 for various currencies with MasterCard
• Automated input transfers process within TMS - Kyriba
• Implemented a daily cash sweep between two legal entities to meet funding requirements
• Streamlined the funding process of cash receipts
• Worked on migrating a few programs from end-to-end on treasury side

Treasury Controls & Reporting Manager - Tag

(2020-03 - 2021-12)

• Maintained banking relationships – updating bank mandates, opening/closing bank accounts, maintained banks’ KYC/Compliance queries
• Opened New Bank Accounts externally and internally added within systems
• Worked closely with legal and main business stakeholders to fulfil business needs
• Administered and maintained banking portals
• Organized and supported front office cash management
• Actualized Cash Flow Forecast
• Trapped cash swept to the group – 5M GBP eq.
• Trained new employees on - Receipts & Payments, Daily Cash reports, funding requirements across the Group, repatriating cash within the Group by using TMS and banking portals
• Administered and maintained TMS - Kyriba
• Managed process of integration of bank statements – automated and manual uploads
• Added new banks to send MT940/942 and MT101 payments module in Kyriba
• FxAll set up and onboarded new banks
• Administrated and maintained SWIFT
• Controlled the segregation of duties
• PROJECTS:
• Worked on separation of the business – separate banking portals and Kyriba

Treasury Manager - Paysafe

(2011-08 - 2019-05)

Managed day-to-day activities of treasury functions to meet financial obligations of the Company. Also had the opportunity of being an integral part of the TMS project. The TMS project allowed for a 6 months secondment working in the London office

• Developed and maintained the daily cash report that consists of over 1,400 bank accounts in different jurisdictions in over 50 legal entities within the Group. The daily cash report was a prototype for the implementation of the Treasury Management System (TMS)
• Worked in the TMS group over the last 2 years on implementing the Treasury Management System that consists of 2 linked products, Integrity and eBAM; as a result applying the current financial instrument’s specifics and SWIFT payment system to the TMS and testing for outputs
• Specialized in eBAM by maintaining static data including bank account information, mandates, limits and signatories. Also ensured information is correct and up to date
• Prepared, maintained and reported on the daily cash position to the senior management team by compiling bank balances of over 1,400 bank accounts
• Prepared bi-weekly cash flow forecasting for the Group entities
• Maintained the Group inter-company loans by calculating interests, executing and coordinating within senior management monthly
• Managed Group FX and cash liquidity by analyzing the cash needs for the Group
• Supported senior management team with 4 major M&A by the overseeing of cash; executing and reporting of initial settlements before public announcements have been made

Treasury & Cash Management Specialist - Paysafe

(2008-01 - 2011-08)

Managed the positioning of cash daily in order to comply with the requirements of regulators and to meet the liquidity needs of the whole Group.

• Safeguarded cash daily by creating reports in order to comply with FCA/FSA requirements
• Prepared, analyzed and executed settlements including FX to meet funding needs for the Group
• Invested surplus cash with the appropriate banks to comply with the Company credit ratings policy
• Performed and executed FX hedging monthly
• Maintained banking relationships - opening/closing bank accounts within our existing banks and initiating the opening of new banks by compiling KYC requirements
• Primary owner of bank mand