Manager, Global Treasury - Foreign Exchange
- Under Armour
- Multiple Locations
- 0 year(s)
- Not Available
Under Armour is all about performance. Because what we make empowers athletes in every form to push themselves, to turn good into great, and to stay hungry for whatever comes next. And this is exactly what we expect from each other.
Working with us means one key thing: no matter what you do, you see every day and every project as a chance to push your field forward. In every store and every office, we build teams where everyone is an MVP. And together we tackle every challenge head on. Because we work to push the gear, the game, and ourselves farther.
We’re looking for people who do more than good work. We’re looking for the Best in Every Game.
Under Armour is the chosen brand of this generation of athletes... and the athletes of tomorrow. We're about performance - in training and on game day, in blistering heat and bitter cold. Whatever the conditions, whatever the sport, Under Armour delivers the advantage athletes have come to demand.That demand has created an environment of growth. An environment where building a great team is vital. An environment where doing whatever it takes is the baseline and going above and beyond to protect the Brand is commonplace.The world's hungriest athletes live by a code, a pledge to themselves and everyone else: Protect This House... I Will. Our goal is to Build A Great Team! Will YOU…Protect This House?!
The Lead, Global Risk Management is responsible for all aspects of the Company’s FX and interest rate risk management activities. Specific responsibilities include managing FX and interest risk for the global company, overseeing the daily and monthly execution of the Company’s hedging strategy, coordinating cross-over functions between FX and global cash management. The Manager will also act as advisor and business partner to Business Units and Continents in the areas of FX and interest rates.
Essential Duties and Responsibilities
Analyze and manage the global execution of the Company hedging strategies to mitigate exposure to significant FX and Interest Rate risk, including: Executing monthly balance sheet hedge program.
Executing cash flow and net investment hedge strategies.
Analyzing and assessing currency exposures to identify opportunities to enhance the hedging program.
Monitoring interest rate risk, developing recommendations, and supporting the execution of the strategy to manage risk within established guidelines.
Partnering with various banking providers to evaluate and enhance existing hedging programs.
Preparing monthly accounting reconciliations and ensuring compliance with applicable derivative regulatory requirements.
Support monthly FX hedge committee meetings with Senior Leadership by preparing key supporting schedules, participating in the discussions and documenting key takeaways and action items.
Forecast Other Income and the impact of Cash Flow hedges in line with Company forecasting calendar.
Perform sensitivity analysis on budgets and forecasts due to movements in fx rates.
Support bi-annual VaR analysis
Distribution of planning and accounting FX rates.
Establish and maintain key banking relationships including negotiation of counterparty agreements such as ISDAs.
Monitor and advise on counterparty credit risk throughout the organization.
Support managing international cash flow/cash needs and investments as they relate to foreign currency funding and long term international capital structure decisions.
Performs other duties as assigned to meet business needs.
Knowledge of worldwide financial and capital markets, and tax, legal and accounting issues pertaining to derivatives and other capital markets tools preferred.
Understanding of generally accepted finance and accounting policies, principles and controls.
Knowledge of banking software and treasury workstations preferred.
Strategic thinker with excellent analytical, critical thinking, problem-solving, interpersonal, and relationship building skills.
Ability to communicate effectively at all levels and articulate ideas, financial results, and actionable recommendations.
Responsive; able to integrate and balance priorities, work activities and resources for the benefit of multiple key stakeholders.
Able to make decisions in a timely manner sometimes with incomplete information and under tight deadlines and pressure; comfortable challenging organizational norms and accepted thinking to improve effectiveness.
Demonstrated leadership skills, willingness to “do what it takes” to get the job done-done-done, and commitment to challenging the status-quo to make things better.
Must be a self-starter who is able to work independently and interface with all relevant internal teams and external business partners as needed.
Ability to learn quickly in dynamic environment and to initiate and champion change.
Humble & Hungry.
Education and/or Experience
5+ years of Treasury experience at a large multinational company
BS/BA in Accounting or Finance; MBA or CTP preferred
Strong interpersonal skills — including written and oral communication skills
Experience with treasury workstation and SAP a plus
GET IT DONE – ACCOUNTABILITY
Delivers results and hits deadlines
Takes responsibility and ownership of role-related tasks
Acts in alignment with Brand values principles and code of conduct
FIND A BETTER WAY – CREATIVITY & INNOVATION
Generates new solutions that contribute to Brand evolution
Asks questions and challenges the status quo
Contributes to ta culture of creativity and idea generation
WIN TOGETHER – COLLABORATION
Works collaboratively with other teammates to hit goals
Builds working relationships with others cross-functionally
Acts in the best interest of the Brand, and others, versus self
THINK GLOBALLY – GLOBAL PERSPECTIVE
Demonstrated understanding of cultural practices and global perspectives
Adapts behavior and solutions based on global trends.
MAP THE FUTURE – STRATEGIC VISION
Creates goals and action plans that align with UA overall strategic vision
Makes the connection between vision, team, goals, and individual goals
Communicates clear, specific and achievable objectives to others
BUILD A GREAT TEAM – BUILDING TALENT
Attracts, selects and develops the best talent
Creates opportunities to develop and mentor other teammates
Provides feedback and coaching on teammate performance and development
Motivates others through recognition and a shared sense of purpose
At Under Armour, we are committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants and teammates without regard to race, color, religion, sex, pregnancy (including childbirth, lactation and related medical conditions), national origin, age, physical and mental disability, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military and veteran status, and any other characteristic protected by applicable law. Under Armour believes that diversity and inclusion among our teammates is critical to our success as a global company, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool.