The Kraft Heinz Company
Senior Manager, Treasury FX Risk Management
The Kraft Heinz Company, Chicago, Illinois, United States, 60290
Here at Kraft Heinz, we grow our people to grow our business, because we believe that great people make great companies. When you join our table, you can expect access to an array of holistic wellness benefits* and perks, including medical, dental and vision coverage, 7% 401(k) matching, Business Resource Groups (BRGs) to help foster diversity, inclusion, and belonging for all employees, an industry-leading total rewards package that emphasizes a high discretionary bonus. *Benefits begin 30 days after hire for hourly employees, and immediately upon hire for salaried employees. Get a peek into life here at Kraft Heinz through our
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and TikTok channels!Senior Manager, Treasury FX Risk Management at a GlanceThe
Sr. Manager, Treasury FX Risk Management
will report to the Director Treasury Operations and will need to be highly analytical and able to solve complex financial problems, with recurring interaction with company leadership. Our ideal candidate must have a strong technical knowledge of FX markets and hedging strategies, as well as the gravitas to positively lead within the department, engage positively with stakeholders and have excellent communication and presentation skills (both building the presentations and delivering them as needed).Our ideal candidate should not only have experience in this space but with the following materiality thresholds: global revenue of $20B to $40B, long term public debt between $20B to $40B, revolving credit facility between $5B to $10B, commercial paper program of $1B to $2B, operating in 40+ countries and managing 20+ currencies with both manufacturing and distribution, as well as geographic earnings dispersion of 50 / 50 (US and OUS, with experience in emerging markets).What's on the menu?Lead the global FX risk management function, including ownership of balance sheet, cash flow and net investment hedging programs.Provide thought-leadership on identification and risk mitigation of global FX exposures through optimal risk management across Net investment, Debt to EBITDA, Cash Flow and Balance Sheet strategies, as well as oversee the operational execution of all hedging activities.Evaluate the company's cash flow at risk to build out hedging program including forecast accuracy assessment, cost of hedging, tenor, volatility and changes to business strategy across $9B derivative portfolio and communicate the same to leadership / audit committee.Partner with global treasury teams to obtain and validate insights of foreign currency exposures.Execute trade requests for hedging balance sheet, cash flow, intercompany loans, and transactional FX exposures.Ensure adequate trade record keeping for management reporting and financial accounting.Partner with Accounting, Tax and Legal teams to align hedging programs with broader organizational objectives.Partner with Global Controllers group to ensure accurate financial reporting.Subject matter expert for derivatives (foreign currency transactions including but not limited to, FX spot, forward, swap, options, and cross currency swaps).Leverage global banking partners and other functions (e.g., legal, tax, and accounting) to resolve issues and recommend innovative solutions.Identify changes that incorporate the company's strategic objectives.Assist with Treasury meetings, CFO presentations, and annual operating plan development.Work with treasury cash management to ensure proper settlement.Ensure SOX compliance for relevant Treasury controls (trade approvals, etc).Recipe for Success - apply now if this sounds like you!Bachelor's degree required, Advanced degrees or certifications (MBA, CPA, CFA, etc.) strongly preferred.Minimum 7+ years of experience is required for this position, overseeing all aspects of the Treasury.2+ years of experience working in Corporate Banking at a large banking institution is highly valued though not required.Expertise in hedge accounting requirements and application.Experience managing direct reports at different levels in their career including experience with all aspects of people leadership, including recruiting, hiring, succession planning, mentoring, and developing talent.Ability to maintain a strong collaborative team and can work within a matrix organization.Must be highly analytical and able to solve complex financial problems, with recurring interaction with company leadership as well as the audit committee.Combination of strong technical skills and excellent communication and presentation skills.Location(s)
Chicago/Aon CenterKraft Heinz is an Equal Opportunity Employer that prohibits discrimination or harassment of any type. All qualified applicants are considered for employment without regard to race, color, national origin, age, sex, sexual orientation, gender, gender identity or expression, disability status, protected veteran status, or any other characteristic protected by law. Applicants who require an accommodation to participate in the job application or hiring process should contact NATAI@kraftheinz.com.
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and TikTok channels!Senior Manager, Treasury FX Risk Management at a GlanceThe
Sr. Manager, Treasury FX Risk Management
will report to the Director Treasury Operations and will need to be highly analytical and able to solve complex financial problems, with recurring interaction with company leadership. Our ideal candidate must have a strong technical knowledge of FX markets and hedging strategies, as well as the gravitas to positively lead within the department, engage positively with stakeholders and have excellent communication and presentation skills (both building the presentations and delivering them as needed).Our ideal candidate should not only have experience in this space but with the following materiality thresholds: global revenue of $20B to $40B, long term public debt between $20B to $40B, revolving credit facility between $5B to $10B, commercial paper program of $1B to $2B, operating in 40+ countries and managing 20+ currencies with both manufacturing and distribution, as well as geographic earnings dispersion of 50 / 50 (US and OUS, with experience in emerging markets).What's on the menu?Lead the global FX risk management function, including ownership of balance sheet, cash flow and net investment hedging programs.Provide thought-leadership on identification and risk mitigation of global FX exposures through optimal risk management across Net investment, Debt to EBITDA, Cash Flow and Balance Sheet strategies, as well as oversee the operational execution of all hedging activities.Evaluate the company's cash flow at risk to build out hedging program including forecast accuracy assessment, cost of hedging, tenor, volatility and changes to business strategy across $9B derivative portfolio and communicate the same to leadership / audit committee.Partner with global treasury teams to obtain and validate insights of foreign currency exposures.Execute trade requests for hedging balance sheet, cash flow, intercompany loans, and transactional FX exposures.Ensure adequate trade record keeping for management reporting and financial accounting.Partner with Accounting, Tax and Legal teams to align hedging programs with broader organizational objectives.Partner with Global Controllers group to ensure accurate financial reporting.Subject matter expert for derivatives (foreign currency transactions including but not limited to, FX spot, forward, swap, options, and cross currency swaps).Leverage global banking partners and other functions (e.g., legal, tax, and accounting) to resolve issues and recommend innovative solutions.Identify changes that incorporate the company's strategic objectives.Assist with Treasury meetings, CFO presentations, and annual operating plan development.Work with treasury cash management to ensure proper settlement.Ensure SOX compliance for relevant Treasury controls (trade approvals, etc).Recipe for Success - apply now if this sounds like you!Bachelor's degree required, Advanced degrees or certifications (MBA, CPA, CFA, etc.) strongly preferred.Minimum 7+ years of experience is required for this position, overseeing all aspects of the Treasury.2+ years of experience working in Corporate Banking at a large banking institution is highly valued though not required.Expertise in hedge accounting requirements and application.Experience managing direct reports at different levels in their career including experience with all aspects of people leadership, including recruiting, hiring, succession planning, mentoring, and developing talent.Ability to maintain a strong collaborative team and can work within a matrix organization.Must be highly analytical and able to solve complex financial problems, with recurring interaction with company leadership as well as the audit committee.Combination of strong technical skills and excellent communication and presentation skills.Location(s)
Chicago/Aon CenterKraft Heinz is an Equal Opportunity Employer that prohibits discrimination or harassment of any type. All qualified applicants are considered for employment without regard to race, color, national origin, age, sex, sexual orientation, gender, gender identity or expression, disability status, protected veteran status, or any other characteristic protected by law. Applicants who require an accommodation to participate in the job application or hiring process should contact NATAI@kraftheinz.com.
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