FX Risk Senior Analyst/Manager – International Rescue Committee (IRC)

We are delighted to be exclusively retained by the International Rescue Committee in their search for an FX Risk Senior Analyst/Manager.

This role will be based in their Brussels office and will report into their Senior Director, Global Treasury.

BACKGROUND

Over the past 90 years, the International Rescue Committee (IRC) has developed unparalleled expertise in responding to emergencies and helping uprooted communities to rebuild. Founded in 1933 at the request of Albert Einstein, the IRC offers lifesaving care and life-changing assistance to refugees forced to flee from war or disaster. The IRC is on the ground in more than 40 countries, providing emergency relief, relocating refugees and rebuilding lives in the wake of disaster.

The IRC is committed to a culture of bold leadership, innovation in all aspects of our work, creative partnerships and, most crucially, accountability to those we serve. The IRC is a tireless advocate for the most vulnerable.

Established in 2001, IRC Belgium leads on the International Rescue Committee’s engagement with the EU institutions. We use IRC’s learning and experience from the ground to shape EU humanitarian and development policies in ways that improve the lives of more people worldwide.

IRC Belgium is part of a strong and flourishing European network, working closely with our offices in Germany, UK, Greece, Switzerland, and Serbia, as well as our sister organisation Stichting Vluchteling (SV) in the Netherlands.

The Role:

Reporting into the Senior Treasury Director, the FX Risk Senior Analyst/Manager will support in all areas of FX and risk management, banking, and Treasury Management System (TMS) roll out.

As the FX Risk Senior Analyst/Manager, you will be responsible for handling foreign exchange (FX) risk and implementing FX trades for the organization. You will also be accountable for leading all of the organization’s financial market transactions including FX spot and derivatives. Working closely with internal partners, you will ensure the organization’s FX exposures and trades are effectively handled.

Key Accountabilities

• 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

The Person:

• Master’s degree or equivalent experience in Finance or other related field
• 3+ years’ demonstrated ability in financial risk management and FX deals execution
• 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

IRC strives to be an equal opportunities employer. IRC is committed to equality of opportunity and to non-discrimination for all job applicants and employees, and we seek to ensure we achieve diversity in our workforce regardless of gender, race, religious beliefs, nationality, ethnic/national origin, sexual orientation, age, marital status or disability.

IRC welcomes applications from all candidates, including underrepresented groups and refugees who have the right to work in Europe.

APPLICATION: For more information, please send your CV to Katie Hardie, katie@treasuryrecruitment.com