Position Overview
The Manager, FX & Treasury Risk plays a key role in supporting Xerox's global Foreign Exchange (FX) Risk Management program. This position is responsible for FX execution, exposure management, hedging strategy implementation, Cash Flow Hedge Accounting (CFHA), and analysis of foreign exchange gains and losses.
In addition to FX responsibilities, this role provides oversight of treasury risk management activities including counterparty credit risk, surety bonds, capital structure optimization, cash repatriation, country risk assessments, and treasury technology initiatives.
Working closely with Accounting, Tax, Legal, FP&A, Treasury Operations, Internal Audit, and regional finance teams, the successful candidate will help strengthen treasury governance, improve operational efficiency, and support strategic treasury transformation initiatives.
Key Responsibilities
- Foreign Exchange Risk Management
- Execute foreign exchange transactions in accordance with Treasury policy.
- Manage transactional and balance sheet FX exposures.
- Support the development and execution of global FX hedging strategies.
- Maintain a portfolio view of global currency exposures and hedge positions.
- Monitor hedge effectiveness and recommend improvements.
- Prepare FX exposure analysis, sensitivity analysis, and management reporting.
- Monitor global currency markets and provide risk management recommendations.
- Ensure compliance with Treasury policies, internal controls, and regulatory requirements.
Cash Flow Hedge Accounting (CFHA)
- Support administration of the company's Cash Flow Hedge Accounting program.
- Analyze FX gains and losses and evaluate hedge performance.
- Partner with Accounting on hedge designation, valuation reviews, journal entries, and audit support.
- Prepare management reporting on hedge performance and financial impacts.
Treasury Risk & Counterparty Management
- Monitor counterparty exposure across banking partners and financial institutions.
- Assess counterparty creditworthiness using external ratings and financial analysis.
- Track Moody's and S&P rating actions and assess business impact.
- Maintain approved counterparty limits.
- Monitor utilization and concentration risk.
- Support banking relationship management and diversification initiatives.
- Assess sovereign and banking sector risks within developing and higher-risk markets.
Capital Structure & Cash Repatriation
- Review subsidiary capital structures and funding arrangements.
- Analyze intercompany funding positions.
- Coordinate dividend planning and cash repatriation initiatives.
- Partner with Tax and Legal on compliant and tax-efficient repatriation strategies.
Balance Sheet & Country Risk
- Review subsidiary balance sheets for financial, liquidity, funding, and currency risks.
- Evaluate balance sheet exposure in developing and higher-risk markets.
- Recommend mitigation strategies.
- Support enterprise treasury risk assessments and reporting.
- Monitor regulatory, economic, and political developments affecting treasury operations.
Surety Bonds, Guarantees & Credit Facilities
- Manage global surety bond programs.
- Oversee letters of credit, guarantees, and treasury credit facilities.
- Monitor credit line utilization and support facility renewals.
- Maintain banking and financial institution relationships.
- Support documentation and compliance requirements.
Treasury Technology & Transformation
- Serve as Treasury business lead for Treasury Management System (TMS) initiatives.
- Support system implementations, enhancements, testing, and governance.
- Drive treasury automation using AI, RPA, workflow automation, and advanced analytics.
- Improve reporting, data quality, system integration, and operational efficiency.
Governance & Cross-Functional Collaboration
- Partner with Tax, Accounting, Legal, FP&A, Treasury Operations, and regional finance teams.
- Support internal and external audits.
- Ensure SOX compliance and adherence to Treasury policies.
- Maintain Treasury procedures and controls.
- Prepare executive reporting and presentations.
- Participate in treasury transformation and enterprise risk initiatives.
Qualifications
Education
- Bachelor's degree in Finance, Accounting, Economics, Business Administration, or related field.
- MBA, CTP, CFA, FRM, or equivalent professional certification preferred.
Experience
- 8+ years of experience in Corporate Treasury, Foreign Exchange Risk Management, Financial Risk Management, or a related finance function.
- Strong knowledge of global FX markets and macroeconomic trends.
- Experience managing FX exposures, derivative instruments, and hedging programs.
- Experience with counterparty risk management and banking relationships.
- Knowledge of capital structure optimization, intercompany funding, and global liquidity management.
- Experience managing surety bonds, guarantees, letters of credit, and credit facilities.
- Experience using Bloomberg, FX trading platforms, and Treasury Management Systems such as FIS Quantum, SAP Treasury, or similar.
- Experience working within multinational treasury organizations preferred.
Skills & Competencies
- Foreign Exchange Risk Management
- Banking Relationship Management
- Capital Structure Optimization
- Global Liquidity Management
- Treasury Management Systems (TMS)
- Treasury Technology & Automation
- Data Analytics & Reporting
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