Director, FX Exposure Product Risk & Control

World Kinect Corporation; Miami (FL); Hybrid; USD 100,000 - 130,000; Full time

Job summary

A leading global risk management firm is seeking a Director for FX Exposure Product Risk & Control. This role involves monitoring FX risk exposures, generating reports, and collaborating with treasury and commercial teams. Candidates should possess a relevant Bachelor's degree and strong analytical skills, alongside proficiency in Oracle. Remote work options are available, fostering a diverse and innovative work environment.

Qualifications

• Background in Forensic Accounting or Auditing within a multinational corporation.
• Experience in a Treasury functional is preferred but not essential.
• Knowledge of FX derivatives as a hedging instrument.

Responsibilities

• Daily FX Exposure and P&L reporting.
• Forecasting FX exposure based on regional/segment sales.
• Assisting with financial results reporting and analyzing GL results.

Skills

Communication skills

Project management skills

Problem solving

Analytical thinking

Education

Bachelor's degree in Business

Specialized knowledge in FX exposures

Tools

Oracle

Job description

At World Kinect, our employees are the key to our global success. We are industry leaders due to the innumerable talents of our approximately 5000 strong professional team. Our people thrive in an entrepreneurial and culturally-diverse environment, where innovative thinking, collaboration and efficient execution are highly valued. Our high-performance culture is what allows us to drive sustained growth. Stronger together, we promote an environment where individuals can thrive.

JOB TITLE: Director, FX Exposure Product Risk & Control

Date Prepared:

Department: Derivative Risk and Control

Segment:

Corporate

Supervisor Name & Title: Aaqibul Ansari

Location: Miami/Remote

Incumbent name:

Oscar Delgado Valenzuela

Summary

The primary purpose of this position is to facilitate the end-to-end understanding and monitoring of FX risk exposures across the firm including balance sheet and trading related exposures generated from physical and financial operational activities. The incumbent is charged with identifying and articulating where risk is being generated and proposing appropriate hedges to be executed by the Treasury team (for balance sheet exposures) or Commercial teams (as related to forward transactions). This position will be responsible for generating FX exposure reports, understanding Oracle configurations related to FX and the P&L associated with balance sheet revaluations and associated hedges.

Key Responsibilities

• Daily FX Exposure and P&L reporting
  • P&L Attribution (Spot/Carry analysis)
• FX Exposure Forecasting
  • Daily monitoring of FX exposure
  • Understanding regional/segment sales trends to forecast sales/purchases by currency
• FX P&L Attribution Reporting
  • Assisting accounting teams with financial results/disclosures reporting
  • Explaining variances to forecast analyzing GL results from Oracle
• Improvement in communication/education of FX impact with commercial and finance teams
• Work with CDP team to Implement supplemental reports to facilitate exposure forecasting
• Interpreting general ledger (Oracle) activity to derive exposure and interpret FX P&L results
  • Requires understanding Oracle and subledger functions
• Periodic review of FX Exposure Forecasting and Hedging Policy
  • Deep understanding of Derivative FX instruments and relevant markets

Education and Experience Requirements

A background in Forensic Accounting or Auditing within a multinational corporation.

Experience in a Treasury functional is preferred but not essential

Bachelor's degree in Business related discipline such as Accounting, Finance, Management and or Economics Specialized knowledge in FX exposures, balance sheet reporting, and the uses of FX derivatives as a hedging instrument

Knowledge of Oracle and related programs is essential.

Strong communication skills (oral and written)Must be able to partner and show effective project management skills

Strengths in problem solving abilities and connecting end to end processes and impacts.

Strong attention to detail and display a sense of intellectual curiosity

Analytical creative thinker who can display critical thinking skills

Must display the ability to be independent and persistent in achieving results

WFS Employee Promise

As a World Fuel Services employee my role is to support the WFS Customer Promise in an AGILE and effective manner.

WFS employees are connected by a culture of team excellence where employees are listened to, empowered, and given the tools to be the experts in our industry. We are anchored by our belief in each other and our common passion to be a trusted partner to the customers we serve.

World Kinect is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected veteran status, age, or any other characteristic protected by law. World Kinect Corporation