Director, Corporate Treasury Financial Risk Management Job at WALGREENS
Job Summary:
Responsible for the strategic leadership and oversight in the area of financial risk management including foreign exchange, interest rate, commodity, net investment and NQDC. Partner with FP&A, tax, accounting, and finance teams to understand key drivers impacting financial risk exposure and be a key
internal advisor to the organization regarding financial risk management. Define risk tolerance levels, design and implement hedging strategies. Developing and maintaining strong relationships with counterparties. Acts as an industry expert with responsibility for monitoring and communicating
changing economic, currency and interest rate environments.
Job Responsibilities:
About Walgreens Boots Alliance
Walgreens Boots Alliance (Nasdaq: WBA) is a global leader in retail pharmacy, impacting millions of lives every day through dispensing medicines, and providing accessible, high-quality care. With more than 170 years of trusted healthcare heritage and innovation in community pharmacy, the company is meeting customers’ and patients’ needs through its convenient retail locations, digital platforms and health and beauty products.
Including equity method investments, WBA has a presence in more than 25 countries, employs more than 450,000 people and has more than 21,000 stores.
WBA’s purpose is to help people across the world lead healthier and happier lives. The company is proud of its contributions to healthy communities, a healthy planet, an inclusive workplace and a sustainable marketplace. WBA is a participant of the United Nations Global Compact and adheres to its principles-based approach to responsible business.
WBA is included in FORTUNE’s 2021 list of the World’s Most Admired Companies. This is the 28th consecutive year that WBA or its predecessor company, Walgreen Co., has been named to the list.
More company information is available at www.walgreensbootsalliance.com
Basic Qualifications
Preferred Qualifications
Responsible for the strategic leadership and oversight in the area of financial risk management including foreign exchange, interest rate, commodity, net investment and NQDC. Partner with FP&A, tax, accounting, and finance teams to understand key drivers impacting financial risk exposure and be a key
internal advisor to the organization regarding financial risk management. Define risk tolerance levels, design and implement hedging strategies. Developing and maintaining strong relationships with counterparties. Acts as an industry expert with responsibility for monitoring and communicating
changing economic, currency and interest rate environments.
Job Responsibilities:
- Responsible for WBA’s financial risk management.
- Lead the interest rate hedging strategies for the new debt issuances as well as for the existing debt portfolio.
- Partner with FP&A, tax, accounting, and finance teams to understand key drivers impacting foreign exchange exposure and be a key internal advisor to the organization regarding foreign exchange risk management.
- Define interest rate and foreign exchange risk tolerance levels utilizing hedging techniques ranging from FX forwards, FX options, rate swaps and rate locks where appropriate.
- Lead net investment hedging strategy
- Collaborates with controllership team to establish performance benchmarks and reporting on hedge effectiveness, P&L impact, and cash impact.
- Execution of FX spot and forward transactions associated with intercompany funding and related activities.
- Support international cash management efforts including netting and pooling arrangements.
- Develop and update risk management policy and procedures. Ensure SOX and policy compliance and review FX-related SEC reporting and disclosures.
- Manage counterparty risk including ISDA documentation and negotiation.
- Develop and maintain relationships with trading counterparts.
- Support capital markets, M&A, and other initiatives and ad-hoc projects.
- Partner with Treasury and IT to maintain, automate, and streamline FX and related systems.
- Seeks to expand into other areas of capital markets activities including but not limited to capital markets planning, corporate finance, funding and rating agency analysis.
- Act as an industry expert. Responsibility for monitoring and communicating an ongoing understanding of the changing economic, currency and interest rate environments.
- Mentors, coaches, and develops junior team members.
About Walgreens Boots Alliance
Walgreens Boots Alliance (Nasdaq: WBA) is a global leader in retail pharmacy, impacting millions of lives every day through dispensing medicines, and providing accessible, high-quality care. With more than 170 years of trusted healthcare heritage and innovation in community pharmacy, the company is meeting customers’ and patients’ needs through its convenient retail locations, digital platforms and health and beauty products.
Including equity method investments, WBA has a presence in more than 25 countries, employs more than 450,000 people and has more than 21,000 stores.
WBA’s purpose is to help people across the world lead healthier and happier lives. The company is proud of its contributions to healthy communities, a healthy planet, an inclusive workplace and a sustainable marketplace. WBA is a participant of the United Nations Global Compact and adheres to its principles-based approach to responsible business.
WBA is included in FORTUNE’s 2021 list of the World’s Most Admired Companies. This is the 28th consecutive year that WBA or its predecessor company, Walgreen Co., has been named to the list.
More company information is available at www.walgreensbootsalliance.com
Basic Qualifications
- Bachelor’s Degree and at least 6 years of experience in an analytical role in finance, accounting, business management, quantitative analysis or economics OR High School/GED and at least 9 years of experience in an analytical role in finance, accounting, business management, quantitative analysis or economics.
- Experience working as the financial liaison on a business team.
- Experience developing and delivering presentations to various audience levels within an organization.
- Experienced working with current developments and trends in the corporate finance, treasury and banking industries.
- Advanced level skill in Microsoft Excel (for example: using AVERAGE function, merging and centering cells, printing centered page and/or creating a pivot table).
- At least 2 years of experience contributing to financial decisions in the workplace.
- At least 3 years of direct leadership, indirect leadership and/or cross functional team leadership.
- Willing to travel up to/at least 15% of the time for business purposes (within state and out of state).
Preferred Qualifications
- Bachelor’s degree and at least 8 years of experience in an analytical role in finance, accounting, business management, quantitative analysis or economics OR High School Diploma/GED and at least 11 years of experience in an analytical role in finance, accounting, business management, quantitative analysis or economics.
- Bachelor’s degree in Business Administration, Finance, Accounting or Economics
- Master’s degree or MBA
- Experience in treasury financial risk management or FX and Rates consulting
- Strong analytical and financial modeling skills
- Understanding of accounting principles to support financial risk management
- Knowledge of hedge accounting
- Experience in International Corporate Finance and Treasury
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