Position SummaryWhy join our team…
Role and Responsibilities
What will be your key deliverables?
Manage FX exposure for 30 Subsidiaries in 20 currencies.
Monitor Subsidiaries hedging coverage and verify that it complies with Samsung FX policy.
Execute Forward FX hedging deals (600 trades per month).
Execute Spot FX deals (200 trades per month).
Manage the cash for 30 Subsidiaries in 9 currencies by analyzing the daily cash forecast data from the subsidiaries and treasury/ banking systems.
Calculate the estimated daily closing cash position of the 60 pooling bank accounts.
Invest surplus funds in Government Bonds, Bank Deposits and High Yield accounts totaling approx, with the aim of improving gross income while ensuring adequate future liquidity.
Drawdown loans from bank facilities to meet short term funding requirements.
Utilize the cash pooling structures to ensure the benefit to the RTC.
The FX and cash pooling management must be performed within strict external deadlines that vary depending on the country, time zone, currency, bank, system and amount. The numerous deadlines have to be met otherwise financial penalties will be incurred on behalf of the Subsidiaries.
The STA will be working closely with the Treasury Manager-Front Office on actively handling the FX and Cash Pooling activities.
Treasury Reports – work closely with other RTC members to complete the Monthly Treasury Report as well as any other reports requested by HQ in a timely manner.
Alternatives strategies - work closely with other RTC members on reviewing and recommending alternative cash & FX management strategies.
Daily Liquidity Report – prepare and submit the end of day liquidity report to HQ.
Conduct on-site Treasury Audit on subsidiaries premises to ensure that entities are in compliance with company policies and procedures.
Identify areas of improvements and agree an implementation plan to solve any outstanding issues, including target dates for completion.
The role will also cover Economic Reporting:
Financial Market Update – prepare daily financial market report. Be the Subject Matter Authority when it comes to explain financial market key developments
Skills and Qualifications
What we need for this role
Chertsey, Longcross, England, Surrey, United Kingdom