Senior Manager, Foreign Exchange Risk Management

Company: The TJX Companies, Inc.
Location: Framingham
Posted on: May 4, 2021

Job Description:

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Senior Manager, Foreign Exchange Risk Management
Brand: TJX Corporate
Location:

Framingham, MA, US

Employment Type: Full-Time
Employment Status: Regular
Functional Area: Finance

Discovery is at the core of everything we do - whether it's a great value, incredible style, or building long-lasting partnerships with people around the world. That's what makes TJX different. You can find it all across our brands: TJ Maxx, Marshalls, HomeGoods, Sierra, and Homesense. Every one of our brands has one thing in common: environments that are always changing. That's just how we like it. Every day is an opportunity to discover something new about our business, our partnerships, and even about yourself. Come discover what different can mean for you.

Posting Notes: Framingham -- MA

Senior Manager, Foreign Exchange Risk Management - Corporate Treasury

The TJX Corporate Treasury team is searching for a Senior Manager to lead our Foreign Exchange Risk Management function. This is an outstanding opportunity to make an impact handling our foreign exchange risk / fuel hedging programs and executing almost all intercompany foreign currency transactions!

A successful candidate will demonstrate excellent analytical skills, a proactive leadership approach, attention to detail, and influence business decisions by communicating key information to senior leadership.

Key Responsibilities include:

Negotiate and enter into competitive trades for the purchase and sale of foreign currencies on both a spot and forward basis. Maintain company records of all Company currency purchases and ensure communication of relevant information to internal parties.
Form relationships with cross-functional internal teams including accounting, tax and global entities in Canada, the UK, and Australia to support hedging and risk management programs.
Propose strategies to leadership, with the goal of reducing the Company's risk exposure to changes in foreign currency / fuel movements.
Proactively monitor foreign currency exchange rates and other exposures relevant to the Company and its subsidiaries.
Build and sustain relationships with foreign currency and fuel traders to stay on top of developing trends and economic activities impacting the business.
Analyze and report on FX / fuel trading activity and hedging results summarizing key takeaways and proposing changes when needed.
Lead and mentor a Treasury Analyst.
Ensure company compliance with our Foreign Exchange Risk and Fuel Risk Management policies, including quarterly and annual reporting, SOX compliance, and audit requirements.
Assist on analysis of other Treasury topics, such as global cash forecasting and variance analysis.
Complete special projects as assigned.

Requirements:

Strong quantitative background and understanding of complex financial instruments.
Strong attention to detail.
High level of curiosity to explore, learn and understand business information.
Self-starter with effective time-management skills and the capacity to prioritize individual workload and manage the workload of others.
Inclination to proactively identify areas for operational improvement and implement solutions.
Bachelor's Degree with courses in Accounting, Business, International Finance, Economics or Mathematics. MBA preferred.
Knowledge of foreign currency products, trading practices and markets, along with strong mathematical, analytical and communication skills.
5-10 years of proven experience with international cash management in a corporate environment or on the foreign trading desk of a major financial institution.

Discover Different at TJX means opportunity, teamwork, and career growth. That's why working here is so much more than a job. When you're a part of our TJX family, you have the full support of a diverse, close-knit group of people that work together to deliver the best value and style in the business. Our inventory is always changing and our approach is continually evolving, which means every day is another chance to Discover Different.

We care about our culture, but we also prioritize the tangible stuff - competitive pay, great benefits, and a great group of people.

We consider all applicants for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, gender identity and expression, marital or military status. We also provide reasonable accommodations to qualified individuals with disabilities in accordance with the Americans with Disabilities Act and applicable state and local law.

Posting Notes: Framingham -- MA

Nearest Major Market: Framingham
Nearest Secondary Market: Boston

Keywords: The TJX Companies, Inc., Framingham , Senior Manager, Foreign Exchange Risk Management, Executive , Framingham, Massachusetts