Vice President of Treasury

NScale is the GPU cloud engineered for AI. We provide cost-effective, high-performance infrastructure for AI start-ups and large enterprise customers. NScale enables AI-focused companies to achieve superior results by reducing the complexity of AI development. Our GPU cloud bolsters technical capabilities and directly supports strategic business outcomes, including cost management, rapid innovation, and environmental responsibility.

At NScale, our Finance team plays a critical role in driving financial strategy, ensuring capital efficiency, and supporting the company's ambitious growth trajectory through data-led decision-making and smart capital structuring.

We thrive on a culture of relentless innovation, ownership, and accountability, where every team member takes pride in their work and drives it with excellence and urgency. As an NScaler, you’ll build trust through openness and transparency, where everyone is inspired to do their best work. If you join our team, you’ll be contributing to building the technology that powers the future.

About the Role

We’re looking for a VP of Treasury to drive our debt-raising efforts and establish our treasury function

• You’re a corporate finance expert with deep specialisation in debt markets
• You’ve led complex, large-scale debt raises and understand the structuring, pricing and execution required to optimise capital in high-growth, capital-intensive businesses.
• You’re experienced in operating independently, building trusted relationships with banking partners and have a commercial, analytical mindset that can cut through ambiguity.
• You’re proactive, technically sharp and confident navigating legal, financial, and risk frameworks in a fast-moving environment.
• You have a passion for Digital Infrastructure and relevant experience within the sector

What You’ll be Doing

Fundraising

• Lead and execute large-scale, complex debt financing activities underpinning customer GPU deployments and data centre development, managing external advisors, internal stakeholders and overall timeframes & deliverables
• Specifically, role to focus on debt element of impending fundraising rounds (company currently in Series B process with planning thereafter to shift towards Series C)
• Lead and execute any opportunistic project financing activities
• Establish strong, long-term relationships with key banking partners and institutional lenders
• Use existing network of banks and institutions to identify direct lending opportunities
• Attend meetings and support negotiations with potential and existing investors

Strategy

• Manage capital structure planning and financial risk
• Contribute to IPO readiness roadmap, ensuring scalability and rigour of treasury processes
• Further evolve credit pool structuring, considering different lender pools for GPU & Data Centre debt
• Develop long term roadmap to optimise cost of debt, tenor and diversity of lender base – ensuring refinancings are planned suitably in advance
• Explore opportunistic vendor financing structures in conjunction with Finance team
• Stay abreast of market dynamics to optimise capital access and deal terms

Risk Management & Operational Excellence

• Work with finance & legal teams to establish risk and control framework including policies, systems, controls, and reporting
• Develop and implement hedging strategies to mitigate interest rate and currency risks
• Work closely with finance team to ensure covenant compliance and liquidity planning
• Day-to-day cash management falls within remit of Payment Operations team, within the accounting department, freeing VP Treasury role up to focus on strategic, value-add workstreams

About you

• 10+ years’ experience in debt markets
• Proven track record of leading large scale debt raises
• Background from large corporate, private equity or top-tier investment bank
• Experience working within or advising levered businesses
• Deep understanding of risk frameworks
• Comfortable working independently with C-suite stakeholders in a fast-paced environment
• Familiarity with legal documentation and compliance aspects of debt instruments
• Excellent commercial judgement and negotiation skills

Nice to Have:

• Experience in Digital Infrastructure sector
• Experience supporting a company through or preparing for IPO
• Previous experience in high-growth, capital-intensive or infrastructure-led environments
• Familiarity with treasury tech stack and systems implementation

Please Note: At this time, we are unable to offer visa sponsorship, so candidates must have the right to work in the UK. This may change as our hiring policies evolve.

We're currently working remotely, but plan to transition to a hybrid working model in 2025 as we look to secure a modern office space in London.

In all we do, our core values guide us;

Relentless Innovation

At Nscale, we constantly push the boundaries of innovation, embracing creative risks to shape the future. Our aim is to deliver products that not only meet but exceed today’s expectations, setting new standards for tomorrow.

Ownership and Accountability

Every Nscaler is fully accountable for their work, driving it with excellence and urgency. We set high standards, ensuring that our contributions are not just good but exceptional.

Openness and Transparency

We believe trust and transparency are key to our success. We maintain open communication within our teams and with stakeholders, sharing both successes and challenges.

Customer-Centric

FocusOur customers are central to our mission. We focus on deeply understanding their needs and challenges, striving to exceed expectations in both product quality and service.

Sustainability

We integrate sustainability into our operations and product development, ensuring that our innovations are both effective and responsible.

Full-Speed Collaboration

Collaboration at Nscale is fast, efficient, and respectful. We work together seamlessly, with clear communication and mutual respect.

Equal Opportuni

ties StatementAt Nscale, we are committed to fostering an inclusive, diverse, and equitable workplace. We welcome applications from individuals of all backgrounds, experiences, and perspectives. We strongly encourage applications from people of colour, the LGBTQ+ community, people with disabilities, neurodivergent people, parents, carers, and people from lower socio-economic backgrounds.