Job Information
Dow Treasury Director - Financial Risk Management in Midland, Michigan
Treasury Director - Financial Risk Management
At a glance
Position:Treasury Director - Financial Risk Management
Primary Location:Midland (MI, USA), Michigan, United States of America
Additional Locations: Michigan + More - Less
Schedule:Full time
Date Posted:09/24/2024
Job Number:R2055111
Position Type:Regular
Workplace Type:Hybrid
At Dow, we believe in putting people first and we’re passionate about delivering integrity, respect and safety to our customers, our employees and the planet.
Our people are at the heart of our solutions. They reflect the communities we live in and the world where we do business. Their diversity is our strength. We’re a community of relentless problem solvers that offers the daily opportunity to contribute with your perspective, transform industries and shape the future. Our purpose is simple - to deliver a sustainable future for the world through science and collaboration. If you’re looking for a challenge and meaningful role, you’re in the right place.
TheDow Chemical CompanyFinance organization has an opening for aTreasury Directorwithin the Treasury’s Financial Risk Management Team (FRMT). The purpose of the position is to develop, execute, monitor and manage the financial risk management strategy for a portfolio of foreign exchange exposures. The successful candidate will be reporting to the Senior Treasury Director of Net Foreign Investments and Economic Exposures within the FRMT. The FRMT manages the global hedging and investments related to a $40+ billion portfolio of exposures derived from foreign currencies, interest rates, commodities and investments. This is an excellent opportunity to apply your analytical skills and financial market understanding to contribute to the success of the company.
Core Responsibilities:
In alignment with the vision of the Financial Risk Directors, systematically develop, pitch, execute and manage the financial risk management strategy for a portfolio of financial exposures. For example:
Pro-actively monitor exposures and markets, and evaluate pertinent internal and external information from multiple sources:
Internal: Work with numerous Treasury and other company processes to evaluate the quantity and nature of the company’s exposures to various foreign currencies, interest rates, commodities, equities, and cash.
External: Evaluate information from Bloomberg, economic research, banking counterparty contacts and other sources.
Analyze and evaluate the macroeconomic conditions, market dynamics, and price action of the various markets to estimate their potential impact on the company’s exposures from multiple perspectives.
Earnings, cash flow, value changes, etc.
Evaluate the available market for linear and non-linear derivatives and other hedging instruments and their relative costs, benefits, credit exposure and regulatory requirements.
Apply advanced accounting concepts, specially hedge accounting as dictated in ASC-815, in the evaluation of available hedging instruments relative to exposures.
Develop analysis methods to effectively evaluate the multi-faceted effects on the company of various risk management strategies.
Develop, maintain and share relevant market views and hedging strategies based upon fundamental, technical and quantitative analysis of hedged positions.
Determine market views and hedging strategies that optimize the balance between financial statement volatility, value added as measured by internal benchmarks and financial flexibility.
Take positions in the financial markets to earn positive profits for the company.
Serve as a trusted risk advisor to the company. For example:
Advise, educate and present on matters related to the markets, exposures and risk, their various impacts on the company and best practices for effective mitigation and management.
Counsel management and provide concise updates as macroeconomic and financial markets change.
Develop and internally publish periodic forecasts of macroeconomic conditions and market prices.
Collaborate with Financial Planning and other functions to ensure reasonableness of estimated financial exposures, the most effective handling of potential changes for the company as a whole, and methods to eliminate the creation of exposures at the source.
Mentor and cross-train other members of the FRMT in risk management best practices and strategies to ensure the ongoing development of the FRMT, and seamless coverage of risk management strategies.
Ensure the efficient and orderly execution, monitoring and management of the FRMT’s risk management strategies, in effective collaboration with multiple other Treasury, company and external functions/processes (Operations, Compliance, Systems, Credit, Planning, Funding, Legal, Accounting, Tax, Counterparties and others). For example:
Ensure all activities are performed to negotiate, transact, monitor and manage the hedging instruments and investments.
Trade various instruments with counterparties, book the transactions, complete hedge accounting documentation and monitor derivatives etc.
Ensure various reports and analyses are generated to effectively convey the performance and sensitivity of risk management strategies to management, other members of the FRMT, controllers, tax and other stakeholders.
Evaluate financial performance of the company’s exposures and implemented hedges as compared to the range of possible outcomes.
Work in partnership with the Treasury Systems Team to automate manual reporting utilizing our brand-new Treasury Management System (FIS Quantum). Ensure the FRMT is positioned to take advantage of all the many functionalities and automation capabilities that Quantum provides.
Ensure the FRMT’s periodic and ad-hoc reporting is appropriately specified to effectively monitor the positions and conditions, and has been developed, created, optimized and distributed to the appropriate parties.
Apprise Financial Risk Directors of macroeconomic, financial market, and exposure changes.
Evaluate impacts of changes in the regulatory environment, accounting standards and industry practices, and predict their impact to develop and propose optimal Dow positions for the conditions and create appropriate documentation for these practices.
Proactively evaluate FRMT practices for continuous improvement, and when opportunities arise, investigate, develop and propose solutions in infrastructure and procedures.
Ensure the FRMT operates in complete compliance with all laws, regulations delegations, controls, policies, and procedures.
Complete ad-hoc requests, deliver projects and fulfill other routine duties as may be appropriate and/or required.
Required Qualifications:
A minimum of a bachelor’s degree (preferentially in a quantitative field such as Engineering, Finance and/or Economics) or relevant military experience at or above a U.S. E6 or Canadian Petty Officer 2nd Class or Sergeant ranking.
A minimum of 8 years of total experience with a focus in financial/capital markets-oriented positions, and/or other relevant experience.
Strong written and verbal communication skills.
A minimum requirement for this U.S. based position is the ability to work legally in the United States. No visa sponsorship/support is available for this position, including for any type of U.S. permanent residency (green card) process.
Preferred Qualifications:
Master’s degree (MBA with a finance focus preferred).
CFA Charterholder.
Understanding of financial operations, planning and accounting principles with an understanding of the principals of hedge accounting, a regulatory and control environment, and business/financial law.
In depth understanding of and interest in technology and financial systems.
Demonstrated competence and interest in mathematical modeling, statistical methods, and programming.
Domestic relocation assistance is available for this role and may be provided based on eligibility.
Benefits – What Dow offers you
We invest in you.
Dow invests in total rewards programs to help you manage all aspects of you: your pay, your health, your life, your future, and your career. You bring your background, talent, and perspective to work every day. Dow rewards that commitment by investing in your total wellbeing.
Here are just a few highlights of what you would be offered as a Dow employee:
Equitable and market-competitive base pay and bonus opportunity across our global markets, along with locally relevant incentives.
Benefits and programs to support your physical, mental, financial, and social well-being, to help you get the care you need...when you need it.
Competitive retirement program that may include company-provided benefits, savings opportunities, financial planning, and educational resources to help you achieve your long term financial-goals.
Employee stock purchase programs (availability varies depending on location).
Student Debt Retirement Savings Match Program (U.S. only).
Dow will take the value of monthly student debt payments and apply them as if they are contributions to the Employees’ Savings Plan (401(k)), helping employees reach the Company match.
Robust medical and life insurance packages that offer a variety of coverage options to meet your individual needs. Travel insurance is also available in certain countries/locations.
Opportunities to learn and grow through training and mentoring, work experiences, community involvement and team building.
Workplace culture empowering role-based flexibility to maximize personal productivity and balance personal needs.
Competitive yearly vacation allowance.
Paid time off for new parents (birthing and non-birthing, including adoptive and foster parents).
Paid time off to care for family members who are sick or injured.
Paid time off to support volunteering and Employee Resource Group’s (ERG) participation.
Wellbeing Portal for all Dow employees, our one-stop shop to promote wellbeing, empowering employees to take ownership of their entire wellbeing journey.
On-site fitness facilities to help stay healthy and active (availability varies depending on location).
Employee discounts for online shopping, cinema tickets, gym memberships and more.
Additionally, some of our locations might offer:
Transportation allowance (availability varies depending on location)
Meal subsidiaries/vouchers (availability varies depending on location)
Carbon-neutral transportation incentives e.g. bike to work (availability varies depending on location)
Join our team, we can make a difference together.
About Dow
Dow (NYSE: DOW) is one of the world’s leading materials science companies, serving customers in high-growth markets such as packaging, infrastructure, mobility and consumer applications. Our global breadth, asset integration and scale, focused innovation, leading business positions and commitment to sustainability enable us to achieve profitable growth and help deliver a sustainable future. We operate manufacturing sites in 31 countries and employ approximately 35,900 people. Dow delivered sales of approximately $45 billion in 2023. References to Dow or the Company mean Dow Inc. and its subsidiaries. Learn more about us and our ambition to be the most innovative, customer-centric, inclusive and sustainable materials science company in the world by visitingwww.dow.com.
As part of our dedication to the diversity of our workforce, Dow is committed to equal opportunities in employment. We encourage every employee to bring their whole self to work each day to not only deliver more value, but also have a more fulfilling career. Further information regarding Dow's equal opportunities is available onwww.dow.com.
Dow is an Equal Employment Opportunity employer and is committed to providing opportunities without regard for race, color, religion, sex, including pregnancy, sexual orientation, or gender identity, national origin, age, disability and genetic information, including family medical history. We are also committed to providing reasonable accommodations for qualified individuals with disabilities and disabled veterans in our job application procedures. If you need assistance or an accommodation due to a disability, you may call us at 1-833-My Dow HR (833-693-6947) and select option 8.