FX Risk Manager

Background/IRC Summary:

Over the past 80 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. Through 29 offices in cities across the United States, the IRC also helps refugees and other immigrants resettle in the U.S. and become self-sufficient. 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.

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 managing foreign exchange (FX) risk and executing FX trades for the organization.

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

Major Responsibilities:

• Manage all FX risk management activities including:
• Work closely with key stakeholders (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)
• 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 stakeholders.
• Gather, review and challenge FX forecast requirements and develop trade execution strategies.
• Execute Treasury dealing activity including but not limited to, FX spot & forward and currency swap transactions.
• Monitor financial markets globally to identify opportunities and risks.
• Manage 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.

Minimum Qualifications:Job Requirements:

Education: Master’s degree in Finance or other related field, or relevant experience.

Demonstrated Skills and Competencies:

• Thorough/proven 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 part-time remote working possible.
• Standard office work environment with great facilities!

The closing date for applications is 28th January 2024 at 23:00 (CET), which can be submitted from the following site: 

https://careers.rescue.org/us/en/job/req47768/FX-Risk-Manager

Candidates must have the right to work in Belgium

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment.

The IRC and IRC workers must adhere to the values and principles outlined in IRC Way – Standards for Professional Conduct.  These are Integrity, Service, and Accountability.  In accordance with these values, the IRC operates and enforces policies on Beneficiary Protection from Exploitation and Abuse, Child Safeguarding, Anti Workplace Harassment, Fiscal Integrity, and Anti-Retaliation.

Equal Opportunity Employer: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment.