About the role
The role can be based Glasgow or Edinburgh
The Treasury Operations Analyst is a key member of the Treasury Operations team, supporting the operational oversight, transaction settlement / management and governance of the Group’s Customer Money Framework. This role will contribute to strengthening our treasury control environment and ensuring adherence to policy, regulatory and governance requirements across the organisation.
You will spend your time supporting the development, enhancement and day‑to‑day operation of our treasury investment transaction / portfolio control framework, ensuring that policies, processes and systems are robust, well‑maintained, and delivering effective risk management outcomes for the Group.
Key Responsibilities
Customer Money, CASS & Governance
- Ensure the Group operates within the Customer Money Framework, proactively identifying, escalating, and resolving any breaches, risks, or control weaknesses.
- Review and challenge processes to ensure ongoing CASS compliance, supporting regulatory adherence and minimising the risk of breaches.
- Contribute to governance forums through the preparation of clear, high‑quality reporting, MI, and insights on treasury operations and risks.
Controls & Risk Management
- Deliver and support control design, testing, and attestation activities, validating control effectiveness, challenging where appropriate, and driving remediation of identified gaps.
- Identify, assess, and escalate weaknesses in treasury systems and controls, supporting continuous improvement and risk mitigation initiatives.
- Maintain and enhance treasury policies, procedures, and process documentation, ensuring alignment with internal governance standards and industry best practice.
- Perform due diligence on the Group’s banking panel, delivering analysis and presenting key risks, insights, and recommendations to governance forums.
Treasury Operations, Payments & Liquidity
- Manage end‑to‑end treasury settlement processes, including payment file creation, validation, and execution.
- Assess and mitigate settlement risk ahead of value dates, maintaining strict oversight throughout settlement cycles to ensure accuracy and control integrity.
- Monitor liquidity positions and cash flows, escalating actual or potential breaches in a timely manner and providing clear, insightful communication to senior stakeholders to support effective decision‑making.
- Provide timely, accurate, and guidance to internal stakeholders on treasury processes, controls, and systems.
Banking & Stakeholder Management
- Support banking access governance, ensuring user roles, permissions, and segregation of duties are appropriate, regularly reviewed, and fully compliant.
- Maintain strong, proactive relationships with counterparty banks, ensuring effective communication, timely information exchange, and support for treasury activities.
Key competencies
- Control mindset: consistent adherence to policies, approvals, and evidence retention.
- Continuous improvement: undertake a methodical approach to your work with curiosity to test, challenge and strengthen processes to ensure they operate as intended, deliver efficiency opportunities.
- Analytical approach: ability to interpret data, spot anomalies, and prioritise investigation.
- Ownership: motivated by clear ownership and responsibility, and are comfortable building strong working relationships across the business.
- Confidence: work confidently and independently when required, take initiative, and bring a proactive mindset to improving systems, controls, and operational efficiency.
- Stakeholder management: collaborates effectively across Operations, Finance, Risk, and bank contacts.
- Resilience: remains accurate under pressure during peak cut-off periods.
Skills, experience & capabilities
- Understanding of liquidity monitoring and cash flow dynamics, with the ability to identify potential breaches and escalate effectively.
- Understanding of due diligence and risk assessment practices, including presenting findings to governance committees.
- Awareness of treasury controls, governance frameworks, and regulatory requirements (including CASS).
- Understanding of treasury payment processes, settlement risk, and operational oversight to ensure accuracy and control integrity.
- Ability to assess, prioritise, and escalate risks, providing clear, actionable recommendations to senior stakeholders.
- Strong interpersonal, communication and presentation skills with the ability to engage with a diverse workforce.
- Proficiency in Excel, Word, and Outlook, with the ability to analyse and present data effectively.
- Proactive approach to process improvement, standardisation, and operational efficiency.
- Ability to work independently, take initiative, and manage competing priorities.
A little about us
We’re the Nucleus Financial Platforms group and we help make retirement more rewarding.
People come first - whether it’s our colleagues, or the advisers and customers we support, we know that working in partnership and collaboration leads to the best outcomes. Together, we’ve shaped the platform to how it is today. We work hard, and we celebrate hard too.
Our ambition is to create a platform with a difference, putting the customer centre stage meant tearing up the rule book and starting from scratch. We’ve come a long way since then, but our mission remains just as focused. That’s why our culture, values, and social responsibility are things we keep at the top of our agenda – because we know they matter and have a big impact.
Our culture is one of the many things that sets us apart from the pack. We want to have an environment where our people feel that they can make a real difference, know they’ll be rewarded for their efforts and more importantly, enjoy themselves at work.
Are we a perfect match?
Inclusion and diversity at Nucleus
As with most things in life, who cares, wins. We really care about inclusion.
For us it’s not a tick box exercise; inclusion and diversity are embedded in our culture and everything we do. It’s a commercial imperative. It isn’t about being PC. It’s about being future-relevant and durable. We owe it to ourselves and the industry to ensure we are playing our part in creating a fair, balanced and transparent financial services sector.
More diversity means broader experience, a wider set of perspectives and a better collective ability to problem-solve. And it means being more representative of customer groups, which supports areas such as product development.
At Nucleus, we offer a generous blend of benefits for the things that really matter to our people, including a non-contributory pension, bonus, enhanced parental leave, paid time off for emergencies, health and wellbeing initiatives and flexible working options.
