Treasury Analyst - In-House Bank Operations

About the team

Telfisa Global B.V. (TGBV) is Telefónica Group’s In-House Bank and a key pillar of the Group Treasury organization. We centralize and manage liquidity for one of the world's leading telecommunications groups, connecting operations across Europe.

Our mission is to optimize cash management globally, ensuring efficient funding, liquidity allocation, and financial support to Telefónica group companies. Working within TGBV means being at the heart of international treasury operations, collaborating with multiple countries, business units, and leading global banking partners.

This is a unique opportunity to gain hands-on exposure to cash management, liquidity structures, banking operations, treasury technology, and strategic treasury projects in a truly international environment.

The Opportunity

We are looking for a motivated and analytical Treasury Analyst to join our Treasury Team. The role provides direct experience with the daily management of Telefónica's global liquidity position and offers significant learning and development opportunities within a dynamic and fast-evolving treasury environment.

You will work alongside experienced treasury professionals and contribute to key initiatives including cash concentration, liquidity forecasting, banking structures, process automation, and treasury system enhancements.

What You Will Do

As a Treasury Analyst, you will:

• Support the daily management of internal funding and cash requests from Telefónica Group companies.


• Monitor and analyse cash positions, identifying and explaining variances versus forecasts.


• Perform financial analyses and provide data-driven insights to support treasury decision-making.


• Assist internal stakeholders with treasury accounts, banking setups, and operational queries.


• Contribute to the implementation and maintenance of cash concentration and liquidity optimization structures.


• Support daily treasury funding and cash transfer operations across multiple currencies and jurisdictions.


• Coordinate with international banking partners and maintain strong banking relationships.


• Provide operational support regarding treasury reporting, account statements, invoices, and other treasury-related information requests.


• Support the maintenance and administration of online banking platforms and user access controls.


• Assist with internal and external audit activities relating to treasury and banking operations.


• Prepare regular management reports and treasury performance analysis.


• Support the onboarding of new Group companies into Telefónica's centralized liquidity and cash management structures.


• Participate in the implementation and enhancement of treasury systems, digitalization initiatives, and automation projects.

What We Are Looking For

Education

• Bachelor’s or master’s degree in finance, Economics, Accounting, Engineering, Business Administration, or a related field.

Technical Skills

• Advanced Excel skills, including data analysis and reporting.


• Good knowledge of Microsoft Office tools (PowerPoint, Word).


• Familiarity with automation technologies, RPA solutions, Power BI, or data analytics tools is a plus.


• Familiarity with Generative AI, AI Agents and automation tools.

Personal Skills

• Strong analytical and problem-solving capabilities.


• Proactive, hands-on mindset with a continuous improvement attitude.


• Ability to manage multiple priorities in a fast-paced international environment.


• Strong attention to detail and commitment to accuracy.


• Team player with excellent communication and stakeholder management skills.


• Curiosity, adaptability, and eagerness to learn.


• Ability to perform effectively under pressure.

Experience

• Around 1-3 years of experience in Treasury, Finance, Accounting, Banking, Audit, Consulting, or a related field.


• Recent graduates with strong academic backgrounds and relevant internships will also be considered.

Languages

• Fluent English (mandatory).


• Spanish is a strong advantage.

Why Join Us?

• Be part of the global treasury centre of a multinational FTSE/IBEX-listed company.


• Gain experience with international cash management and banking operations across multiple countries and currencies.


• Work with leading global banks and treasury technology solutions.


• Participate in treasury transformation, automation, and digitalization projects.


• Collaborate with diverse teams in an international environment.

If you are looking for a role where you can combine analytical thinking, international exposure, technology, and treasury expertise, we would love to hear from you.

If you join Telefónica

You join almost 100 years of history, you join a team of 106 nationalities present in more tan 35 countries. You join a team that works to connect people wherever they are. We are leading the digital revolution with the enthusiasm of the first day in all our businesses, creating the best digital ecosystem for our clients: network, IoT, cloud, security, innovation etc. Here, at Telefónica you count with everything you need to be the best you. We need people like you that wants to take this challenge of creating the Telefónica of tomorrow.

Telefonica is committed to the new working ways. Under our proposition “Disconnect to Reconnect” we have applied the Digital Disconnection.

You join a company whose activity is governed by its code of ethics, Our Responsible Business Principles. We are looking for people who identify with them, who help us make decisions based on integrity, commitment and transparency and who are committed to ethical management, promoting fairer and more sustainable social and environmental development.

#WeAreInclusive

We strongly believe diverse and inclusive teams become more innovative and they achieve improved results. Telefonica aims to promote and guarantee a place for everyone, just the way we are: gender, age range, sexual orientation and/or identity, culture, creed, disability or any other personal condition.