FX Risk Manager in Brussels, Belgium

Requisition ID: req51342

Job Title: FX Risk Manager

Sector: Finance

Employment Category: Regular

Employment Type: Full-Time

Open to Expatriates: No

Location: Brussels, Belgium

Work Arrangement:In-person

Job Description

The IRC Finance Team seeks to achieve excellence in financial management by providing accurate and timely financial information to IRC management and programs, by adhering to established financial practices and accounting principles, and by ensuring functional financial systems to support the operations.

Job Overview/Summary:

The FX Risk Manager supports and reports to the Senior Director of Treasury in the areas of FX and risk management, banking, and Treasury Management System (TMS) roll out.

As the FX Risk Manager, you will be responsible for handling foreign exchange (FX) risk and implementing FX trades for the organization.

As a key member of the Treasury, you will be accountable for leading all of the organization’s financial market transactions including FX spot and derivatives. You will also work closely with other internal partners to ensure that the organization’s FX exposures and trades are effectively handled.

Major Responsibilities:

• Lead all FX risk management activities including:

○ Work closely with key partners (e.g. Controllership, FP&A, Program Management, regional finance directors, etc.) to identify, analyze and quantify the FX risk exposures (mainly balance sheet and cash flow)

○ Lead and coordinate cross-functional effort to implement Programs cash flows exposure hedging

○ Define the global hedging strategy based on the combined exposure profile and risk management strategy

○ Hedging trade execution in line with established policies

○ Monitor and report on FX risk exposures and related financial performances to senior management and other team members

• Gather, review and challenge FX forecast requirements and develop trade execution strategies

• Complete Treasury dealing activity including but not limited to, FX spot & forward and currency swap transactions

• Monitor financial markets globally to find opportunities and risks

• Monitor relationships with IRC banking partners for FX related topics

• Lead the regular (daily/weekly/monthly/quarterly/yearly) risk reporting of all treasury transactions globally

• Provide expert advice and training on FX risk exposures to the business.

• Work closely with the Treasury Back Office team to ensure trading activities are correctly reported and tracked on a timely basis and aligned to set policies and regulatory requirements

• Work closely with the Tax and Legal team for the review and negotiation of legal documentation for financial risk (e.g. ISDA documentation) activities

• Lead global IRC organizational change efforts required for optimal FX risk management

Job Requirements:

Education: Master’s degree or equivalent experience in Finance or other related field

Work Experience:6+ years’ demonstrated ability in financial risk management and FX deals execution

Demonstrated Skills and Competencies:

• Thorough/validated knowledge in FX hedging strategies and products, settlement systems and treasury transaction processing

• Experience in emerging market currencies, particularly the MEA region

• Strong negotiation skills to transact treasury deals with relationship banks/brokers

• Understanding of treasury accounting, including hedge accounting

• Demonstrated leadership and coaching of staff

• Attention to details, strong analytical skills, and ability to interpret financial data

• Able to manage workload and prioritize

• Demonstrated high integrity and ethics in all activities

• Ability to work in a team spirit environment

• Excellent communication and interpersonal skills: the ability to interact closely with colleagues in a diverse multi-cultural environment

Working environment:

• The position is located in Brussels and is encouraged to be on-site, with occasional remote work possible.

• Standard office work environment with great facilities

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